Market Commentary for 16 Apr 15

Sudden drop of almost 100 points in last trading hour yesterday. This has capped immediate upside for Nifty. Global cues are mostly positive. We may see a small bounce in Nifty. This bounce may not sustain.

Picks for the day:
Long: BANKINDIA, ONGC,
Short: BHEL, SRTRANSFIN, AXISBANK