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04 Dec 2016 | 5:45 PM
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Equity Research Report: Religare Morning Digest

Traders should uphold cautious approach and prefer defensive for fresh long positions. On short side, stocks from PSU banks and capital goods space can be considered.
03 Dec 2015 | 07:00 AM

    Highlights for Today
 
Market Outlook for the day - Traders should uphold cautious approach and prefer defensive for fresh long positions. On short side, stocks from PSU banks and capital goods space can be considered.
Key Indices – Levels to watch out for the day
INDEX (Spot) RESISTANCE 2 RESISTANCE 1 LTP SUPPORT 1 SUPPORT 2
SENSEX 26460 26300 26117.85 25975 25840
NIFTY 8050 8000 7931.35 7890 7845
BANKNIFTY 17600 17400 17218.50 17095 16890
CNX-IT 11360 11250 11149.60 11000 10890
News -
  • Bajaj Auto rose 3% year-on-year during November, with 2.7 lakh units sold in comparison to 2.62 lakh units in the same month last year. Company’s exports, however, were down by 17% to 1.37 lakh units versus 1.67 lakh units in November 2014.
  • BSE will classify warrants issued by companies into a separate group, called 'W', with effect from Friday. Currently, all types of warrants are traded under 'F' Group.
  • Shares of Chennai-based companies and firms with significant presence in Tamil Nadu fell on bourses as large scale floods paralysed operations across many companies.
 
    Trading/ Investment Ideas
Technical Calls
Company
Name
Recommendation CMP Initiation
Range
Stop
loss
Target Time
Frame
DABUR BUY 283.9 280 - 282 272 300 3-5 Days
CANBK SELL DEC FUT 264.4 266 - 268 275 245 3-5 Days
 
Derivatives Call
Company
Name
Recommendation CMP Initiation
Price
Stop
loss
Target Time
Frame
APOLLOHOSP BUY 1390 1370-1375 1340 1445 3-5 Days
 
Fundamental Picks for delivery ( 9 Months - 1 Year)
Company
Name
Recommendation CMP Initiation
Range
Target
FIEMIND BUY 719.75 652 760
Note – For our running recommendations and past performance, please click here
Research Disclaimer
 
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