Market declined last week as
continued concerns about Greece's debt crisis weighed on sentiment in
global markets. A sharp setback in Chinese stock market also spoiled
sentiment. A three-week selloff in China's stock market has darkened
the outlook for the world's second-largest economy. The Sensex fell
below the psychological 28,000 mark. The Sensex fell 431.39 points or
1.54% to settle at 27,661.40 last week. The Nifty fell 124.35 points
or 1.47% to settle at 8,360.55.
The near term major trigger
for the market is Q1 June 2015 corporate earnings.
Weekly Trading Calls
#Buy Crompgreav Future above
187.5 targets 195 stop loss 182.5.
#Buy UNIONBANK Future above
171.5 target 179 stop loss 166.5