Market Commentary & Stocks To Watch-18 June 2015

Key benchmark indices registered modest gains after seeing high volatility during the latter part of the trading session. Benchmark indices trimmed gains soon after extending intraday gains in late trade. The barometer index, the S&P BSE Sensex, and the 50-unit CNX Nifty, both, trimmed gains after hitting their highest level in almost a week. High volatility for key benchmark indices in late trade materialized as global crude oil prices rose. India imports about 80% of its crude oil requirements. The Sensex was provisionally up 116.22 points or 0.44% at 26,802.73. The market breadth indicating the overall health of the market was strong. The BSE Mid-Cap index was up 1.44%. The BSE Small-Cap index was up 1.33%. Both these indices outperformed the Sensex.

STOCKS TO WATCH

TATAPOWER:  
Selling opportunity below 74 stocks may show 71/68 level in coming days. Above 74 major resistances will be 77.
DISHTV:                                               
Buy DISHTV above 110, stock may show 120/125 level in coming days. Below 110 major supports will be 105.
PFC:
Selling seen on the card below 265, stock may show 245/235 levels in coming days. Though long term buyers can accumulate the stock from dips.

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