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07 Dec 2016 | 2:30 PM
Research Report
Daily

Equity Research Report: Religare Morning Digest

We advise traders to adopt stock specific trading approach until Nifty index takes a directional move.
03 May 2016 | 07:00 AM

    Religare Morning Digest – Highlights for today
 
Market Outlook for the day -We advise traders to adopt stock specific trading approach until Nifty index takes a directional move.
Key Indices – Levels to watch out for the day
INDEX (Spot) RESISTANCE 2 RESISTANCE 1 LTP SUPPORT 1 SUPPORT 2
SENSEX 25800 25600 25436.97 25300 25130
NIFTY 7920 7860 7805.90 7770 7715
NIFTYBANK 16880 16700 16543.00 16385 16170
NIFTYIT 11400 11275 11117.70 10975 10850
News -
  • Nikkei India Manufacturing Purchasing Managers’ Index (PMI) — a composite indicator of manufacturing performance — fell from 52.4 in March to 50.5 in April, 2016.
  • Maruti Suzuki India reported total sales growth of 16% in the domestic market by selling 1,17,045 vehicles in April.
  • Mahindra & Mahindra reported a 14% rise in total sales to 41,863 units in April. The company had sold 36,727 units in the same month last year.
  • Bajaj Auto’s sales saw a 2% decline during April to 3.30 lakh units versus 3.36 lakh units in the same month of last year.
    Trading/ Investment Ideas
Technical Calls
Company
Name
Recommendation CMP Initiation
Range
Stop
loss
Target Time
Frame
SRF BUY 1359.05 1280-1300 1240 1425 3-5 Days
ALBK SELL MAY FUT 57.25 58-59 61 52 3-5 Days
 
Derivatives Call
Company
Name
Recommendation CMP Initiation
Price
Stop
loss
Target Time
Frame
CIPLA BUY MAY FUTS 541.00 532-535 518 562 3-5 Days
 
Fundamental Picks for delivery (9 Months - 1 Year)
Company
Name
Recommendation CMP Initiation
Range
Target
ATULAUTO BUY 522.15 506.00 580
JYOTHYLAB BUY 302.80 272.40 330
SUPREMEIND BUY 808.70 699.30 840
Note – For our running recommendations and past performance, please click here
**Please note that the given technical and derivative recommendations are "valid for taking position" if they trades within the given range on the recommended date.
Research Disclaimer
Regenerate OTP
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