22 Oct 2017 | 12:51 PM
Research Report
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Equity Research Report: Religare Morning Digest

We suggest traders to keep a check on position size and use this phase to accumulate quality counters. Also, keep some shorts as hedge to your long positions and maintain the balance until trend resume.
01 Apr 2016 | 07:00 AM

    Religare Morning Digest – Highlights for today
 
Market Outlook for the day -We suggest traders to keep a check on position size and use this phase to accumulate quality counters. Also, keep some shorts as hedge to your long positions and maintain the balance until trend resume.
Key Indices – Levels to watch out for the day
INDEX (Spot) RESISTANCE 2 RESISTANCE 1 LTP SUPPORT 1 SUPPORT 2
SENSEX 25700 25535 25341.86 25140 24900
NIFTY 7850 7800 7738.40 7670 7600
NIFTYBANK 16580 16400 16141.65 15930 15735
NIFTYIT 11600 11420 11309.30 11180 11050
News -
  • Mahanagar Telephone Nigam said that the government approved compensation of Rs 458.04 crore to the company for surrendering spectrum.
  • Ahluwalia Contracts (India) secured orders aggregating to Rs 199.86 crore for construction of institutional building, including electrical, plumbing & firefighting services.
  • Natco Pharma’s board approved the sale of Save Mart Pharmacy Stores located in USA, which is a non-core business of the company.
    Trading/ Investment Ideas
Technical Calls
Company
Name
Recommendation CMP Initiation
Range
Stop
loss
Target Time
Frame
PETRONET BUY 250.75 246-248 238 268 3-5 Days
KPIT BUY 147.85 145-146 139 160 3-5 Days
 
Derivatives Call
Company
Name
Recommendation CMP Initiation
Price
Stop
loss
Target Time
Frame
NIFTY BUY 7600 PE 68.75 58-60 38 100 3-5 Days
 
Fundamental Picks for delivery (9 Months - 1 Year)
Company
Name
Recommendation CMP Initiation
Range
Target
ATULAUTO BUY 516.60 506 580
JYOTHYLAB BUY 291.40 272.40 330
SUPREMEIND BUY 739.65 699.30 840
Note – For our running recommendations and past performance, please click here
**Please note that the given technical and derivative recommendations are "valid for taking position" if they trades within the given range on the recommended date.
Research Disclaimer