Market Commentary & Stock To Watch-31 July 2015

State-run banks led gains for key benchmark indices. The market sentiment was boosted by news reports that the Union Cabinet has approved amendments to the goods and services tax (GST) bill to compensate states for revenue loss for five years on introduction of the uniform nationwide indirect tax regime, as has been suggested by Rajya Sabha Select Committee. The market breadth indicating the overall health of the market was strong. The barometer index, the S&P BSE Sensex, provisionally rose 191.97 points or 0.7% to 27,755.40. Key benchmark indices hovered in positive zone throughout the trading session today, 30 July 2015.

STOCKS TO WATCH

TATAMOTORS:  
Sell TATAMOTORS as remain below 390 we may see 350/340 level in coming days, above 390 major resistances will be 405.

APOLLOTYRE
Buy APOLLOTYRE above 198 stock may show 210/215 level, remain below 198 more down side is expected.

CAIRN:
Sell CAIRN below 175 we may see 162/155 levels remain below 175 levels. 

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