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04 Dec 2016 | 7:35 AM
Research Report
Daily

Equity Research Report: Religare Morning Digest

Traders are suggested to maintain stock specific trading approach till consolidation continues in Nifty and we don’t see any major breakthrough.
02 May 2016 | 07:00 AM

    Religare Morning Digest – Highlights for today
 
Market Outlook for the day -Traders are suggested to maintain stock specific trading approach till consolidation continues in Nifty and we don’t see any major breakthrough.
Key Indices – Levels to watch out for the day
INDEX (Spot) RESISTANCE 2 RESISTANCE 1 LTP SUPPORT 1 SUPPORT 2
SENSEX 26000 25800 25606.62 25450 25280
NIFTY 7980 7910 7849.80 7800 7750
NIFTYBANK 17220 17000 16795.00 16650 16500
NIFTYIT 11500 11350 11196.25 11050 10960
News -
  • ICICI Bank net profit declined 75.97% to Rs 701.89 crore on 14.51% growth in total income to Rs 18590.86 crore in Q4 March 2016 over Q4 March 2015.
  • Bharti Airtel said it will undertake buyback of shares after the approval from Delhi High Court for the scheme of amalgamation of its wholly owned subsidiary with the company.
  • Sanofi India net profit rose 24.96% to Rs 80.60 crore on 12.13% rise in total income to Rs 570 crore in Q1 March 2016 over Q1 March 2015.
 
    Trading/ Investment Ideas
Technical Calls
Company
Name
Recommendation CMP Initiation
Range
Stop
loss
Target Time
Frame
SRF BUY 1364.65 1280-1300 1240 1425 3-5 Days
BANKINDIA SELL MAY FUT 92.60 94-95 98 86 3-5 Days
 
Derivatives Call
Company
Name
Recommendation CMP Initiation
Price
Stop
loss
Target Time
Frame
CIPLA BUY MAY FUTS 541.85 535-532 518 562 3-5 Days
 
Master Pick (1-2 Months)
Company
Name
Recommendation CMP Initiation
Range
Stop
loss
Target
EMAMILTD BUY 1006.75 990-1010 910 1220
To read complete report, please click here
 
Fundamental Picks for delivery (9 Months - 1 Year)
Company
Name
Recommendation CMP Initiation
Range
Target
ATULAUTO BUY 528.15 506 580
JYOTHYLAB BUY 304.40 272.40 330
SUPREMEIND BUY 800.40 699.30 840
Note – For our running recommendations and past performance, please click here
**Please note that the given technical and derivative recommendations will be considered as initiated only if they trades within the given range on the recommended date.
 
Research Disclaimer
Regenerate OTP
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