Indian Indices
Global Indices
Commodity (SPOT)
Currency (SPOT)
09 Dec 2016 | 6:34 PM
Research Report
Daily

Equity Research Report: Religare Morning Digest

Market Outlook for the day – Going ahead, 6200 is the next important level to watch for, index sustaining below this level may attract panic selling and Nifty may go ahead to test 6070 levels.
03 Jan 2014 | 07:00 AM

    Highlights for Today
Market Outlook for the day - Going ahead, 6200 is the next important level to watch for, index sustaining below this level may attract panic selling and Nifty may go ahead to test 6070 levels.
Key Indices – Levels to watch out for the day
INDEX (Spot) RESISTANCE 2 RESISTANCE 1 LTP SUPPORT 1 SUPPORT 2
SENSEX 21100 21000 20888.33 20800 20680
NIFTY 6290 6260 6221.15 6190 6140
BANK NIFTY 11440 11320 11183.20 11050 10900
CNXIT 9555 9525 9478.35 9440 9390
 
Corporate News

Mahindra & Mahindra said SsangYong Motor's total sales rose 11.8% at 13,271 units in December 2013 over December 2012.

Ricoh India said that the company's foreign promoter has set Rs 120 per share as the indicative price for the proposed delisting offer of Ricoh India.

Pratibha Industries surged 5.5% on BSE after the company said it bagged new order aggregating to Rs 589.69 crore.

Viceroy Hotels said that it had concluded a deal to sell its Chennai assets, including the hotel and residential projects, to Ceebros Hotels. The sale is estimated to be worth Rs 480 crore.

Economy News

HSBC manufacturing PMI was down at 50.7 points in December from 51.3 in the previous month. This is the second month in a row when manufacturing activities registered a growth after falling since August.
 
    Trading/ Investment Ideas
Technical Calls
Company
Name
Recommendation CMP Initiation
Range
Stop
loss
Target Time
Frame
UNITECH SELL FUT 15.30 15.50-15.75 16.25 14.85 3-5 DAYS
 
Derivatives Call
Company
Name
Recommendation CMP Initiation
Range
Stop
loss
Target Time
Frame
TATASTEEL SELL JAN FUT 421.60 426-428 437 408 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 Sensex and the Nifty plunged over 1% on emergence of fresh selling pressure in capital goods, realty, power and FMCG counters amid firm European cues. Domestic sentiment was dampened as India's manufacturing PMI fell to 50.7 in December against 51.3 in November. The market breadth, indicating the overall health of the market, was weak.
Regenerate OTP
Thank You for your interest in Religare Online. Our Representative will get in touch with you shortly.