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05 Dec 2016 | 7:03 PM
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Daily

Equity Research Report: Religare Morning Digest

Market Outlook for the day – Broadly, 6250-6350 is an important range. An either side break will provide the required direction for the coming trading sessions.
02 Jan 2014 | 07:00 AM

    Highlights for Today
Market Outlook for the day - Broadly, 6250-6350 is an important range. An either side break will provide the required direction for the coming trading sessions.
Key Indices – Levels to watch out for the day
INDEX (Spot) RESISTANCE 2 RESISTANCE 1 LTP SUPPORT 1 SUPPORT 2
SENSEX 21310 21230 21140.48 21030 20950
NIFTY 6345 6325 6301.65 6285 6265
BANK NIFTY 11590 11470 11385.60 11260 11150
CNXIT 9550 9500 9462.80 9420 9370
 
Corporate News

Gujarat Gas Company jumped 3.37% on BSE after the company announced details of the gas supply contracts executed earlier with Gujarat State Petroleum Corporation for supply of regassified LNG.

Ashoka Buildcon spurted 15.16% on BSE after the company said it has received letters of acceptance for project worth Rs 596.28 crore in South India.

Mahindra & Mahindra said that its total tractor sales rose 15% to 17,037 units in December 2013 over December 2012.

Maruti Suzuki India said its total vehicles sales declined 4.4% to 90,924 units in December 2013 over December 2012.

Adani Power announced that its Mundra plant has set a record by attaining the highest generation of 4,644 megawatts.
 
    Trading/ Investment Ideas
Technical Calls
Company
Name
Recommendation CMP Initiation
Range
Stop
loss
Target Time
Frame
RANBAXY BUY 462.65 CMP 448 475-485 3-5 DAYS
 
Derivatives Call
Company
Name
Recommendation CMP Initiation
Range
Stop
loss
Target Time
Frame
UNIONBANK BUY JAN FUT 132.60 131-132 128 142 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 edged lower on the first trading session of 2014 after the latest data raised concerns about the government's fiscal deficit and after another data showed a muted growth in the core sector in November 2013. The Sensex alternately swung between positive and negative zone during the course of the trading session. Realty stocks edged higher on renewed buying. Telecom stocks also rose. IT stocks edged lower. The market breadth, indicating the overall health of the market, was strong.
Regenerate OTP
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