Monday, April 20, 2015

Market Commentary for 20 Apr 15

Nifty has been falling continuously for last 3 trading sessions. Global cues are negative. Most Asian Markets are trading with negative bias.
Support to Nifty is at 8550, which is 50 points away from current level.
Expect Nifty to trade with negative bias today. Intraday traders may sell Nifty in rise.

Overall sentiments are negative. PSU Banks and Metals may trade with positive bias.

Picks for the Day:
Long: TATASTEEL, HINDALCO
Short: HAVELLS, AMBUJACEM

Keep watching this space: Shortly Launching Advisory Services in a New format

No comments:

Post a Comment