Market Commentary & Stock To Watch-26 June 2015

A Capital goods stocks and index heavyweights led gains for the key benchmark indices. The barometer index, the S&P BSE Sensex, hit its highest level in nearly five weeks and the 50-unit CNX Nifty hit its highest level in more than three weeks as a bout of volatility was witnessed in late trade. The market breadth indicating the overall health of the market was positive. The Sensex was provisionally up 204.27 points or 0.74% at 27,933.94. The gains in the Sensex in percentage terms were markedly higher than those for the 50-unit CNX Nifty. The Nifty was provisionally up 37.15 points or 0.44% at 8,398. In overseas markets, European stocks reversed initial losses and trading in US index futures indicated a firm opening of US stocks later in the global day.

STOCKS TO WATCH

CIPLA:  
Buy CIPLA above 620 stock may show 660-670 in coming days.
AMBUJA:                                             
Buy AMBUJA CEMENT above 231, stock may show 240/250 level in coming days. Below 231 major supports will be 223.
SBIN:
Buy SBIN as remain above 263 stock may show 280/290 level in coming days, below 263 major support 254.
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