Nifty Analysis for 24 May

Nifty Analysis for 24 May As discussed yesterday Nifty is not sustained at the higher levels. Also it was choppy through out the day. Choppy trading is expected to continue today as well. This behaviour of market is highly difficult to trade. More so due to F&O expiry. Nifty is still trading near support of 7710. Lets expect again a bounce from current levels today. Nifty has first resistance near 7750. Sell Nifty only in case it breaks below 7680. Till this point this market remains a buy on dip. Click here to read Nifty view for the week. Nifty 15 min Chart    Swing/positional trades for the day: Buy Dabur for target of 293. Stoploss is 278 Buy Concor for target of 1403. Stoploss is 1350 Buy ACC for target of 1438. Stoploss is 1399 Sell Justdial for target of 660. Stoploss is 725   Recent gainers recommended by us Pidilite Industries breaking out -now up 8% from recommended price (Read Pidilite article written on 3 March) SKS Micro Finance up 16% from buying price (Read article written on 25 Apr) Berger Paint up 17% from buying price M&M Financial Services up 32% from buying price (Booked) (Read article written on 12 April)

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