Wednesday, April 22, 2015

Market Commentary for 22 Apr 15

We had mentioned a support zone for Nifty yesterday. Nifty is still trading in that zone. If Nifty can hold this zone, for the day we may expect a bounce. In couple of trading sessions Nifty can move up for a relief rally. However if Nifty breaks below support of 8270, then it can move down to 8060. For the day global cues are mixed. 

Picks for the Day:
Long: BANKBARODA, UPL, MINDTREE
Short: BHEL, HINDUNILVR

Keep watching this space:  
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