Market Commentary & Stock To Watch-02 June 2015

Banking and IT stocks led gains as key benchmark indices edged higher after a report that Greek Prime Minister Alexis Tsipras is ready to accept the creditors' bailout terms. A bout of volatility was witnessed in late trade as benchmark indices trimmed gains after extending intraday gains. The barometer index, the S&P BSE Sensex, trimmed gains after hitting its highest level in more than ten weeks. The 50-unit CNX Nifty trimmed gains after hitting its highest level in almost six weeks. The Sensex provisionally closed above the psychological 28,000 mark after alternately moving above and below that level in intraday trade. The Sensex hit the psychological 28,000 mark today, 1 July 2015, for the first time in almost 6 weeks.


 STOCKS TO WATCH


TITAN:  
Buy TITAN above 360 stocks may show 375-380 in coming days.
ITC:                                                        
Buy ITC above 310 stock may show 320/330 in coming days. Below 310 major resistances will be 303.
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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