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18 Jan 2017 | 6:32 PM
Research Report
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Equity Research Report: Religare Morning Digest

Market Outlook for the day – As the overall trend is bullish so one should continue to utilize any decline as buying opportunity and avoid short positions.
01 Jan 2014 | 07:00 AM

    Highlights for Today
Market Outlook for the day - As the overall trend is bullish so one should continue to utilize any decline as buying opportunity and avoid short positions.
Key Indices – Levels to watch out for the day
INDEX (Spot) RESISTANCE 2 RESISTANCE 1 LTP SUPPORT 1 SUPPORT 2
SENSEX 21310 21230 21143.01 21030 20950
NIFTY 6345 6325 6304.00 6285 6265
BANK NIFTY 11590 11470 11385.25 11260 11150
CNXIT 9590 9550 9517.85 9475 9440
 
Corporate News

Deep Industries said it allotted 29.50 lakh convertible warrants of Rs 34 each on a preferential basis to five promoter group entities.

Gati jumped 6.03% on BSE after a fund run by independent investor Radhakishan Damani bought nearly 5% stake in the company on Monday, 30 December 2013, through bulk deals on BSE and NSE.

Apollo Tyres jumped 5.43% on BSE after US-based Cooper Tire & Rubber Company terminated the merger agreement with the Indian company on Monday, 30 December 2013. GMR Infrastructure signed a definitive agreement to divest its stake in Istanbul airport.

Jain Irrigation Systems bagged one of the country's largest irrigation projects worth Rs 385.70 crore in Karnataka.
 
    Trading/ Investment Ideas
Technical Calls
Company
Name
Recommendation CMP Initiation
Range
Stop
loss
Target Time
Frame
GAIL BUY 342.30 340-342 330 365 3-5 DAYS
 
Derivatives Call
Company
Name
Recommendation CMP Initiation
Range
Stop
loss
Target Time
Frame
SUNTV BUY JAN FUT 383.60 379-380 372 398 3-5 DAYS
 
Fundamental Picks for delivery (1 - 2 Years)
Large Caps

Bajaj-Auto, HCL Tech, HUL, M&M, NTPC, Sun Pharma, Lupin, ITC, L&T, TCS, Adani Ports&SEZ

Midcaps & Small Caps

Amara raja batteries, GCPL, Bata India, Shriram Transport Finance,
M&M Financial Services,  Havells India, Bajaj Corp Ltd, LIC housing, Yes Bank

Note – For our running recommendations and past performance, please click here
    Market Roundup
 
Key benchmark indices closed positive on the last trading session of 2013. A bout of volatility was witnessed as key benchmark indices trimmed gains after a firm start. Volatility continued as key benchmark indices regained positive terrain soon after reversing initial gains in morning trade. Key benchmark indices moved in a narrow range in positive zone in early afternoon trade. The Sensex regained positive terrain after slipping into the red for a brief period in late trade. The market breadth, indicating the overall health of the market, was positive.
Regenerate OTP
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