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09 Dec 2016 | 1:25 PM
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Equity Research Report: Religare Morning Digest

Due to oversold positions, we might see some rebound in index in the coming trade.
03 Nov 2015 | 07:00 AM

    Highlights for Today
 
Market Outlook for the day -Due to oversold positions, we might see some rebound in index in the coming trade.
Key Indices – Levels to watch out for the day
INDEX (Spot) RESISTANCE 2 RESISTANCE 1 LTP SUPPORT 1 SUPPORT 2
SENSEX 26940 26750 26559.15 26390 26250
NIFTY 8175 8110 8050.80 8000 7940
BANKNIFTY 17700 17530 17340.60 17150 16975
CNX-IT 11800 11650 11546.25 11420 11300
News -
  • Ashok Leyland reported a 16.68% increase in total sales at 9,804 units in October as against 8,402 for the same month last year.
  • Bajaj Auto’s October 2015 volumes have seen a decline of 9% at 3.53 lakh units versus 3.86 lakh units.
  • Escorts Ltd reported 31.5% decline in its tractor sales in October at 5,862 units. It had sold 8,554 units in the same month last year.
  • Maruti Suzuki India had sold 1,21,063 units of cars in the domestic market in October, up 25% as compared with 97,069 units in October last year.
 
    Trading/ Investment Ideas
Technical Calls
Company
Name
Recommendation CMP Initiation
Range
Stop
loss
Target Time
Frame
GRUH BUY 260.55 256 - 259 249 275 3-5 Days
TATAPOWER SELL NOV FUT 69.45 70.5 - 71 72.5 65 3-5 Days
 
Derivatives Call
Company
Name
Recommendation CMP Initiation
Price
Stop
loss
Target Time
Frame
ITC BUY 340 CE 6.95 6.75 1.5 9 3-5 Days
SELL 350 CE 3.45 3.50
 
Fundamental Picks for delivery ( 9 Months - 1 Year)
Company
Name
Recommendation CMP Initiation
Range
Target
KOTAKBANK BUY 686.50 705.10 900
Note – For our running recommendations and past performance, please click here
Research Disclaimer
 
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