Market Commentary & Stock To Watch-16 September 2015

Weakness in Asian stocks and caution ahead of a US Federal Reserve meeting later this week pulled key benchmark indices lower. The barometer index, the S&P BSE Sensex dropped 178.82 points or 0.69% to 25,677.88, as per provisional closing data. The 50-unit CNX Nifty lost 43.15 points or 0.55% at 7,829.10, as per provisional closing data. Metal and auto stocks led the decline for key indices which hovered in negative zone almost throughout the trading session.

STOCKS TO WATCH

AMBUJA CEMENT:
Sell Ambuja as remain below 210 we may see 200/195 above 210 major resistance will be 217.

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

L&T:
SELL L&T below 1590 we may 1520/1490 in coming days.

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