Nifty Analysis for 9 May

Nifty Analysis for 9 May Global cues are mixed for the day. On Friday we have seen recovery from bottom to form a hammerish pattern on daily chart. This pattern can help nifty push further up. Expect Nifty to trade with bullish bias. Strategy for the day is buy on dips till 7675. First resistance is near current level 7735, which will be taken out if Nifty gaps up by 20-25 points. Next hurdle is at 7775. Stay long. Click here to read Nifty view for the week. Nifty 15 min Chart   Swing/positional trades for the day: Apollo Hospital for a target of 1355, stoploss 1310 Buy SBI for a target of 193, stoploss 178 Sell Biocon for a target of 590, stoploss 625 Recent gainers recommended by us SKS Micro Finance up 12% from buying price Berger Paint up12% from buying M&M Financial Services up 32% from buying price (Booked)

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