26 Mar 2017 | 1:15 AM
Research Report
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Equity Research Report: Religare Morning Digest

We are eyeing 7550 in Nifty and any fall or consolidation should be considered as buying opportunity.
03 Mar 2016 | 07:00 AM

    Religare Morning Digest – Highlights for today
 
Market Outlook for the day -We are eyeing 7550 in Nifty and any fall or consolidation should be considered as buying opportunity.
Key Indices – Levels to watch out for the day
INDEX (Spot) RESISTANCE 2 RESISTANCE 1 LTP SUPPORT 1 SUPPORT 2
SENSEX 24660 24450 24242.98 24000 23800
NIFTY 7500 7430 7368.85 7300 7225
NIFTYBANK 15600 15320 15092.45 14900 14750
NIFTYIT 11230 11050 10897.10 10775 10650
News -
  • SML Isuzu sales rose 2.95% to 1,010 vehicles in February 2016 over February 2015.
  • HCL Technologies won a 5-year next–generation IT outsourcing services contract from Husqvarna AB.
  • Mahindra & Mahindra dropped after company's management in a post-budget conference call said that the expiry of excise duty exemption on products manufactured from its Haridwar plant will affect Q4 margins.
    Trading/ Investment Ideas
Technical Calls
Company
Name
Recommendation CMP Initiation
Range
Stop
loss
Target Time
Frame
ASHOKLEY BUY 93.45 92-92.5 90 98 3-5 Days
EVEREADY BUY 228.65 226-229 220 248 3-5 Days
 
Derivatives Call
Company
Name
Recommendation CMP Initiation
Price
Stop
loss
Target Time
Frame
CIPLA BUY MAR FUTS 528.50 526 515 545 3-5 Days
 
Fundamental Picks for delivery (9 Months - 1 Year)
Company
Name
Recommendation CMP Initiation
Range
Target
SMLISUZU BUY 733.80 869.00 1150
JYOTHYLAB BUY 280.10 272.40 330
SUPREMEIND BUY 733.25 699.30 840
Note – For our running recommendations and past performance, please click here
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