Friday, May 22, 2015

Market Commentary for 22 May 15

For last 2 days Nifty has sustained near 8400. Gobal cues are positive for the day. We may see flat opening in Nifty. Nifty can trade in green territory for the day.
Support at 8350 and resistance at 8450. 8450 is a weak resistance now. 

Picks for the day:
Long: GRASIM, AXISBANK, SUNPHARMA
Short: BPCL, VEDL

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