Nifty Analysis for 27 May

Markets run in cycles of expansion and contraction. There has been he expansion in terms of approx 300 points rally in last 2 trading sessions. Nifty is now trading near its resistance of 8090. We can expect Nifty to either consolidate at this level or have some correction in next couple of trading sessions. (It may or may not come immediately today) Supports are at 8030 and 7080 and 7941 Click here to read Nifty view for the week. Nifty 15 min Chart   Swing/positional trades for the day: Buy Federal Bank for target of 56. Stoploss is 51 Buy HDFC for target of 1250. Stoploss is 1210 Sell Bata India for target of 530. Stoploss is 555   Recent gainers recommended by us Pidilite Industries breaking out -now up 12% from recommended price (Read Pidilite article written on 3 March) SKS Micro Finance up 18% from buying price (Read article written on 25 Apr) Berger Paint up 19% from buying price M&M Financial Services up 32% from buying price (Booked) (Read article written on 12 April)

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