Saturday 11 July 2015

Share Market Continue Decline Due to Greece's crisis @ Stock Future Calls By Moneymaker Research

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

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