Market Commentary & Stock To Watch-18 August 2015

Oil stocks led losses as key benchmark indices edged lower on the first trading session of the week. The barometer index, the S&P BSE Sensex, provisionally settled below the psychological 28,000 level, having alternately moved above and below that level in intraday trade. Earlier, the Sensex had fallen below the psychological 28,000 level in early trade. The Sensex was provisionally off 208.33 points or 0.74% to 27,858.98. The market breadth indicating the overall health of the market once again turned positive from negative in late trade.

STOCKS TO WATCH

ASHOKLEYLAND:  
Buy ASHOKLEYLAND above 89 stock may show 95-96 level in coming days, below 89 major support will be 87.

MOTHERSONSUMI
Buy stock above 350 stock may show 365/370 level, remain below 350 more down side is expected.

VOLTAS:
Buy VOLTAS above 300 for the target of 325/345 in coming days, keep buy on dips. 

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