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10 Dec 2016 | 2:33 PM
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Equity Research Report: Religare Morning Digest

Market Outlook for the day – Broader indices are expected to consolidate around current levels, any dips towards 5800 can be utilized as opportunity to buy.
03 Jul 2013 | 07:00 AM

    Highlights for Today
Market Outlook for the day - Broader indices are expected to consolidate around current levels, any dips towards 5800 can be utilized as opportunity to buy.
Key Indices – Levels to watch out for the day
INDEX (Spot) RESISTANCE 2 RESISTANCE 1 LTP SUPPORT 1 SUPPORT 2
SENSEX 19760 19590 19463.82 19400 19250
NIFTY 5960 5900 5857.55 5840 5790
BANK NIFTY 11850 11710 11614.25 11550 11460
CNXIT 6560 6520 6474.25 6440 6400
 
Corporate News

Aurobindo Pharma Ltd has received final approvals from the US Food & Drug Administration (USFDA) to manufacture and market Rizatriptan Benzoate Orally Disintegrating tablets.

McNally Bharat Engineering has received an order worth Rs 108.94 crore from NTPC Ltd for setting up a coal handling plant for its project site at Vindhyachal in Madhya Pradesh.

Bajaj Auto has reported that it sold a total of 295749 vehicles during June 2013, translating into a 14% drop in sales in comparison to June 2012.

Ashok Leyland reported 31.33% decline in sales at 6,967 units for June, 2013.

Titan Industries and motorcycle brand Ducati have entered into an exclusive agreement to launch a range of special-edition watches.

Industry News

Gems and jewellery exports declined 16.5% (YoY) to $2.70 billion in May due to a weak demand from western markets. In May 2012, these exports stood at $3.24 billion, according to Gems and Jewellery Export Promotion Council (GJEPC).
 
    Trading/ Investment Ideas
Technical Calls
Company
Name
Recommendation CMP Initiation
Range
Stop
loss
Target Time
Frame
BIOCON BUY 286.15 282-285 278 301 3-5 DAYS
 
Derivatives Call
Company
Name
Recommendation CMP Initiation
Range
Stop
loss
Target Time
Frame
TITAN BUY JULY FUT 231.30 227-230 223 242 3-5 DAYS
 
Fundamental Picks for delivery (1 - 2 Years)
Large Caps ACC, Bajaj-Auto, HCL Tech, HUL, M&M, NTPC, Sun Pharma, Lupin, ITC, L&T, TCS, Adani Ports&SEZ
Midcaps & Small Caps 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
 
After three days of consecutive positive trend, market closed negative and weakness in European stocks weighed on sentiment. The Sensex continued to hover in negative terrain in afternoon trade. Key benchmark indices extended losses to hit fresh intraday low in mid-afternoon trade. Key benchmark indices fell to fresh intraday low in late trade. Auto stocks were in red. Realty stocks also declined. Stocks from Telecom basket extended recent gains. The market breadth, indicating the overall health of the market, was negative.
 
 
Regenerate OTP
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