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

Market Outlook for the day - Technically, Nifty is wisely placed and there are higher chances that the up move will continue but GDP numbers will be an important trigger that will contribute a lot towards Nifty’s move for the upcoming week.
02 Dec 2013 | 07:00 AM

    Highlights for Today
Market Outlook for the day - Technically, Nifty is wisely placed and there are higher chances that the up move will continue but GDP numbers will be an important trigger that will contribute a lot towards Nifty’s move for the upcoming week.
Key Indices – Levels to watch out for the day
INDEX (Spot) RESISTANCE 2 RESISTANCE 1 LTP SUPPORT 1 SUPPORT 2
SENSEX 21100 20930 20791.93 20650 20470
NIFTY 6280 6220 6176.10 6130 6070
BANK NIFTY 11340 11230 11153.95 11050 10900
CNXIT 8900 8850 8820.75 8760 8720
 
Corporate News

Alphageo India secured two separate contracts worth an aggregate of Rs 47.87 crore for acquiring 2D and 3D seismic data.

Shoppers Stop jumped 5.33% after IDFC Mutual Fund bought the company's shares through open market on Thursday, 28 November 2013.

Sesa Sterlite rose on reports that the government may take a decision on the long-delayed plans to sell government's stake in Balco and Hindustan Zinc.
 
    Trading/ Investment Ideas
Technical Calls
Company
Name
Recommendation CMP Initiation
Range
Stop
loss
Target Time
Frame
JINDALSTEL BUY 258.15 254-256 248 270 3-5 DAYS
 
Derivatives Call
Company
Name
Recommendation CMP Initiation
Range
Stop
loss
Target Time
Frame
BHARTIARTL BUY DEC FUT 330.55 327-328 321 343 3-5 DAYS
 
Fundamental Picks for delivery (1 - 2 Years)
Large Caps

Bajaj-Auto, HCL Tech, HUL, M&M, NTPC, Sun Pharma, Lupin, ITC, L&T, TCS, Adani Ports&SEZ

Midcaps & Small Caps

Amara raja batteries, GCPL, Bata India, Shriram Transport Finance,
M&M Financial Services,  Havells India, Bajaj Corp Ltd, LIC housing, Yes Bank

Note – For our running recommendations and past performance, please click here
    Market Roundup
 
The markets opened on a positive note and surged during early trades. The key indices extended the initial gains and hit fresh intraday high in the morning trade. Banking sector witnessed stupendous performance with Bank Nifty outperformed other indices, stocks from the capital goods basket also edged higher. In the week ahead, the winter session will begin from December 05,2013 in which government is likely to introduce many pending bills.
Regenerate OTP
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