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03 Dec 2016 | 3:05 PM
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Equity Research Report: Religare Morning Digest

The sudden surge in Nifty has changed the short term bias in favor of bulls and we expect 7350 to be tested shortly in Nifty.
02 Mar 2016 | 07:00 AM

    Religare Morning Digest – Highlights for today
 
Market Outlook for the day -The sudden surge in Nifty has changed the short term bias in favor of bulls and we expect 7350 to be tested shortly in Nifty.
Key Indices – Levels to watch out for the day
INDEX (Spot) RESISTANCE 2 RESISTANCE 1 LTP SUPPORT 1 SUPPORT 2
SENSEX 24175 23950 23779.35 23560 23380
NIFTY 7350 7275 7222.30 7150 7090
NIFTYBANK 14780 14600 14412.90 14190 14000
NIFTYIT 10900 10775 10637.35 10500 10390
News -
  • Mahindra & Mahindra (M&M) said that its total auto sales rose 16% to 44,002 units in February 2016 over February 2015. Domestic sales rose 18% to 41,348 units in February 2016 over February 2015. Exports declined 15% to 2,654 units in February 2016 over February 2015.
  • Atul Auto announced that total auto sales rose 3.17% to 3,510 units in February 2016 over February 2015.
  • Aurobindo Pharma Ltd has received approval from the US Food and Drug Administration (USFDA) for acetylcysteine injection.
 
    Trading/ Investment Ideas
Technical Calls
Company
Name
Recommendation CMP Initiation
Range
Stop
loss
Target Time
Frame
IGL BUY 532.25 525-530 510 565 3-5 Days
CEATLTD BUY 989.30 970-975 948 1025 3-5 Days
 
Derivatives Call
Company
Name
Recommendation CMP Initiation
Price
Stop
loss
Target Time
Frame
SKSMICRO BUY 500 CE 24.40 20-22 7 25 3-5 Days
SELL 540 CE 10 7-9
 
Fundamental Picks for delivery (9 Months - 1 Year)
Company
Name
Recommendation CMP Initiation
Range
Target
SMLISUZU BUY 719.55 869.00 1150
JYOTHYLAB BUY 263.95 272.40 330
SUPREMEIND BUY 710.45 699.30 840
Note – For our running recommendations and past performance, please click here
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