Monday, June 1, 2015

Market Commentary for 1 June 15

A weak resistance at 8490 for Nifty not let it move above 8500 so fast. We have RBI monetary policy tomorrow. Market may be volatile till then. Intraday support is at 8365 and resistance is at 8489.
On charts the things are looking good.
One can long Nifty on dips.

Picks for the day:
Buy on dip: AJANTPHARM, BHARTIARTL, LUPIN
Short on rise: PFC, OIL

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