Monday, May 4, 2015

Market Commentary for 4 May 15

We have seen Nifty falling for last 2 weeks. Markets can not run one way. After a extended fall, profit booking by short sellers give an upward pullback to the market. We may expect one such pullback somewhere near current level.
Nifty has support at 8060-8150.
Global cues are positive. Nifty may open with an upward gap. This positive momentum is expected to continue today.

Picks for the day:
Long: ASIANPAINT, UPL, SIEMENS
Short: SAIL




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