25 Feb 2017 | 3:13 PM
Research Report
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Equity Research Report: Religare Morning Digest

The way markets closed on Friday, we expect decline to continue on Monday as well, mainly in midcap and smallcap space.
02 Nov 2015 | 07:00 AM

    Highlights for Today
 
Market Outlook for the day -The way markets closed on Friday, we expect decline to continue on Monday as well, mainly in midcap and smallcap space.
Key Indices – Levels to watch out for the day
INDEX (Spot) RESISTANCE 2 RESISTANCE 1 LTP SUPPORT 1 SUPPORT 2
SENSEX 26980 26800 26656.83 26450 26340
NIFTY 8175 8110 8065.80 8000 7940
BANKNIFTY 17700 17530 17354.20 17150 16975
CNX-IT 11750 11600 11486.90 11340 11200
News -
  • L&T consolidated net profit rose 16% to Rs 996 crore on 11% rise in gross revenue to Rs 23605 crore in Q2 September 2015 over Q2 September 2014.
  • ICICI Banknet profit rose 12% to Rs 3030 crore due to faster retail loans growth.
  • Kotak Mahindra Bankreported 31% growth in consolidated net profit for the July-September quarter to Rs 942 crore.
  • ITC Ltdnet profit rose by a mere 0.25% at Rs 2,431 crore for the July-September quarter this fiscal.
 
    Trading/ Investment Ideas
Technical Calls
Company
Name
Recommendation CMP Initiation
Range
Stop
loss
Target Time
Frame
CHOLAFIN BUY 621.35 618-615 595 670 3-5 Days
TATAPOWER SELL NOV FUT 69.10 70-70.50 72 65 3-5 Days
 
Derivatives Call
Company
Name
Recommendation CMP Initiation
Price
Stop
loss
Target Time
Frame
BANKNIFTY BUY 17000 PE 256.20 250 - 140 3-5 Days
SELL 3, 16500 PE 132.10 130
 
Fundamental Picks for delivery ( 9 Months - 1 Year)
Company
Name
Recommendation CMP Initiation
Range
Target
KOTAKBANK BUY 687.65 705.10 900
Note – For our running recommendations and past performance, please click here
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