Indian Indices
Global Indices
Commodity (SPOT)
Currency (SPOT)
10 Dec 2016 | 1:43 AM
Research Report
Daily

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
Research Disclaimer
 
Regenerate OTP
Thank You for your interest in Religare Online. Our Representative will get in touch with you shortly.