Friday, April 24, 2015

Market Commentary for 24 Apr 15

Results season, weak rupee not allowing markets to decide the direction. Though Nifty has taken support at current level, we may not decide on further direction unless it gives a clear signal. Global markets are trading with positive bias.
Today is weekly closing. Second half would be crucial and may give us clear signal for next week.
For the day Nifty can trade with positive bias.

PSU Banks are becoming weak, so is the case with Infra an realty.

Picks for the day:
Long: TITAN
Short: CESC

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