Market Commentary for 29 May 15

We have an important event of RBI policy coming up on 2nd June. Markets are showing nervousness before policy. For the day Nifty may see flat to negative opening.
During the day, if support at 8270 ( to be very precise its 8262) is broken, Nifty may move further down to 8200. Still, this is not the market to go short. Long in dip is suggested.

Picks for the day:
Buy on dip:  GODREJIND, VEDL
Sell on rise: JINDALSTEL, BANKINDIA, ADANIPOWER

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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