Market Commentary & Stock To Watch-23 June 2015

Banking and IT stocks led rally for key benchmark indices on the first trading session of the week today, 22 June 2015. A rally in European stocks and sharp gains for US index futures which indicated a likely firm opening of US stocks later in the global day sent key equity benchmark indices in India surging. The barometer index, the S&P BSE Sensex, and the 50-unit CNX Nifty, both, hit their highest level in nearly three weeks. Stocks rose across the globe on reports that Greece has presented a new plan to stave off default before an emergency summit on the country's debt crisis. The Sensex was provisionally up 397.76 points or 1.46% to 27713.93. Key benchmark indices traded in positive zone throughout the trading session today 22 June 2015.

STOCKS TO WATCH

ARVIND:  
Buy ARVIND above 245 stock may show 258-262 in coming days.
AMBUJA:                                             
Buy AMBUJA CEMENT above 231, stock may show 240/250 level in coming days. Below 231 major supports will be 223.
SBIN:
Buy SBIN as remain above 263 stock may show 280/290 level in coming days, below 263 major support 254.
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