Thursday, May 28, 2015

Market Commentary for 28 May 15

The support mentioned yesterday respected by Nifty. It bounced from low of 8278 to close near high of the day at 8335. The day of F&O expiry today. For the day global markets are giving us positive cues.
For the day I expect Nifty to trade positive, second half being crucial. Resistance at 8430.

Picks for the day:
Buy on dip: YESBANK, UNIONBANK, BPCL
Short on rise: TATAMOTORS

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