Tuesday, May 26, 2015

Market Commentary for 26 May 15

No surprise that Nifty moved down from its resistance which I had mentioned in my weekly view on Nifty. New resistance in Nifty is at 8430.
I expect Nifty to move to further down in mostly choppy trades. We have support near 8270.

Major results today- Tech Mahindra, Tata Motors, Bhel, Hindpetro, Bank India, Dish Tv

Picks for the day:
Buy on dip: DABUR, ONGC
Sell on Rise: ULTRACEMCO, SAIL, ITC

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