30 Apr 2017 | 8:55 PM
Research Report
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Equity Research Report: Religare Morning Digest

Despite this fall, we reiterate our buy on dips advice and suggest gradually adding fundamentally strong counters with medium to long term investment horizon.
02 Sep 2015 | 07:00 AM

    Highlights for Today
 
Market Outlook for the day -Despite this fall, we reiterate our buy on dips advice and suggest gradually adding fundamentally strong counters with medium to long term investment horizon.
Key Indices – Levels to watch out for the day
INDEX (Spot) RESISTANCE 2 RESISTANCE 1 LTP SUPPORT 1 SUPPORT 2
SENSEX 26150 25920 25696.44 25560 25320
NIFTY 7940 7865 7785.85 7740 7660
BANKNIFTY 16965 16700 16530.30 16300 16150
CNX-IT 11700 11580 11476.45 11360 11240
News -
  • M&M’s total automobile sales rose 1% to 35,634 units in August 2015 over August 2014. Total domestic sales fell 3% to 32,122 units in August 2015 over August 2014.
  • Maruti Suzuki India reported 6.4% growth in total sales to 1.17 lakh units in August 2015 over August 2014. Its domestic sales rose 8.6% to 1.06 lakh units in August 2015 over August 2014.
  • Sun Pharmaceutical Industries has successfully completed the acquisition of opiates business in Australia from GSK.
  • Inox Wind has secured an order for a 100 megawatts wind power project from Ostro Energy in Madhya Pradesh.
 
    Trading/ Investment Ideas
Technical Calls
Company
Name
Recommendation CMP Initiation
Range
Stop
loss
Target Time
Frame
SUNPHARMA BUY 901.95 895 - 900 875 950 3-5 Days
UNIONBANK SELL FUT 168 172 - 174 178 160 3-5 Days
 
Derivatives Call
Company
Name
Recommendation CMP Initiation
Price
Stop
loss
Target Time
Frame
JINDALSTEL SELL 70 CE 2.95 4 6 1 3-5 Days
 
Fundamental Picks for delivery ( 9 Months - 1 Year)
Company
Name
Recommendation CMP Initiation
Range
Target
KOTAKBANK BUY 613.75 705.10 900
Note – For our running recommendations and past performance, please click here
Research Disclaimer