Thursday, April 23, 2015

Market Commentary for 23 Apr 15

We had mentioned level of 8270 in yesterday's post. Nifty held this level. We have seen a super bounce from this level. Nifty rose by more than 150 points after approaching this level. We can expect Nifty to trade with positive bias today. Global cues are flat to positive.

I would bet on IT and Metals today.

Picks for the day:
Long: M&MFIN, LT, APOLLOHOSP
Short: BHARATFORG, DABUR

Keep watching this space:  
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