Market Commentary & Stock To Watch-21 August 2015

Banking and oil stocks led losses for key benchmark indices. The barometer index, the S&P BSE Sensex, and the 50-unit CNX Nifty, both, hit one-week low. The decline on the domestic bourses was broad based. There were more than two losers against every gainer on BSE. The weakness on the domestic bourses was due to weakness in global stocks. The Sensex was provisionally off 284.24 points or 1.02% to 27,647.40. The decline in the Nifty was higher in percentage terms compared with the decline in the Sensex. The Nifty was provisionally off 122.40 points or 1.44% at 8,372.75. 

STOCKS TO WATCH

DRREDDYS:  
Buy DRREDDYS above 4250 stock may show 4350/4400 level in coming days, below 4250 major support will be 4180.

CEAT
Buy stock above 1080 stock may show 1150/1200 level, remain below 1080 more down side is expected.

AUROPHARMA:
Buy AUROPHARMA above 800 for the target of 840/855 in coming days, keep buy on dips.



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