Market Commentary & Stock To Watch-30 June 2015

Banking stocks and index heavyweights ITC, HDFC, L&T and Reliance Industries (RIL) led a strong intraday rebound for key benchmark indices today, 29 June 2015. Recovery on the domestic bourses began in early afternoon trade. Earlier during the trading session, equity benchmark indices in India had slumped as the collapse of Greek rescue talks roiled global markets. The strong intraday recovery on the domestic bourses materialised as global crude oil prices fell. The barometer index, the S&P BSE Sensex, was provisionally off 127.97 points or 0.46% to 27683.87. The broad market depicted weakness. There were more than two losers against every gainer on BSE. The BSE Mid-Cap index was off 1.37%. The BSE Small-Cap index was off 1.49%. The decline in both these indices was higher than the Sensex's decline in percentage terms.

STOCKS TO WATCH

TITAN:  

Buy TITAN above 360 stock may show 370-380 in coming days.

ITC:                                                        

Sell ITC below 310 stock may show 300/295 in coming days. Above 310 major resistances will be 317.

SBIN:

Buy SBIN as remain above 263 stock may show 280/290 level in coming days, below 263 major support 254.

Visit here: CapitalStars