Market Commentary & Stock To Watch-01 September 2015

Amid divergent trend among various index components, key benchmark indices registered modest losses. The barometer index, the S&P BSE Sensex, lost 85.50 points or 0.32% at 26,306.88, as per provisional closing data. The 50-unit CNX Nifty lost 30.65 points or 0.38% at 7,971.30, as per provisional closing data. Benchmark indices witnessed intraday volatility. The Nifty provisionally settled below the psychological 8,000 mark, having alternately moved above and below that mark during the day. The Nifty had settled just a tad above the psychological 8,000 mark after registering modest gains during the previous trading session on Friday, 28 August 2015. The market breadth indicating the overall health of the market was negative.

STOCKS TO WATCH

GLENMARK:  
Sell GLENMARK below 1150 stock may show 1100-1070.

VEDANTA:
Keep selling but only on rise 60/50 levels are waiting………

MARUTI:
Sell MARUTI below 4250 for the target of 4100-3920 in coming days, keep sell on rise.

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