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19 Jan 2017 | 5:01 PM
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Equity Research Report: Religare Morning Digest

Recent rally in the rate sensitive pack indicates that market has already discounted a cut of 25 basis points and anything over or above that mark would push the index higher else consolidation will continue.
04 Apr 2016 | 07:00 AM

    Religare Morning Digest – Highlights for today
 
Market Outlook for the day -Recent rally in the rate sensitive pack indicates that market has already discounted a cut of 25 basis points and anything over or above that mark would push the index higher else consolidation will continue.
Key Indices – Levels to watch out for the day
INDEX (Spot) RESISTANCE 2 RESISTANCE 1 LTP SUPPORT 1 SUPPORT 2
SENSEX 25700 25535 25269.64 25080 24900
NIFTY 7850 7800 7713.05 7650 7580
NIFTYBANK 16580 16400 16174.90 15930 15735
NIFTYIT 11420 11300 11194.65 11050 10900
News -
  • Eicher Motors total sales stood 52% higher at 51320 in March 2016 compared to 33679 in March 2015. Exports were 53% higher at 1261 units in March 2016.
  • Mahindra & Mahindra domestic tractor division sales in March 2016 were 34% higher at 13,931 units, as against 10,392 units during March 2015. Total tractor sales (domestic exports) during March 2016 were 20% higher at 14,682 units, as against 12,254 units for the same period last year. Exports for the month stood at 751 units.
  • Cadila Healthcare (Zydus Cadila) has recieved the final approval from the US drug regulator, USFDA to market Carboplatin Injection, 10 mg/ml in 5 ml, 15 ml and 45 ml.
 
    Trading/ Investment Ideas
Technical Calls
Company
Name
Recommendation CMP Initiation
Range
Stop
loss
Target Time
Frame
JETAIRWAYS BUY 566.50 560-565 545 610 3-5 Days
ONGC SELL APR FUT 210.60 212-214 219 200 3-5 Days
 
Derivatives Call
Company
Name
Recommendation CMP Initiation
Price
Stop
loss
Target Time
Frame
AXISBANK BUY 460 CE 12.50 8-9 3 18 3-5 Days
 
Master Pick (1-2 Months)
Company
Name
Recommendation CMP Initiation
Range
Stop
loss
Target
GPPL BUY 172.35 170-173 160 202
To read complete report, please click here
 
Fundamental Picks for delivery (9 Months - 1 Year)
Company
Name
Recommendation CMP Initiation
Range
Target
ATULAUTO BUY 519.35 506 580
JYOTHYLAB BUY 297.55 272.40 330
SUPREMEIND BUY 744.35 699.30 840
Note – For our running recommendations and past performance, please click here
**Please note that the given technical and derivative recommendations will be considered as initiated only if they trades within the given range on the recommended date.
 
Research Disclaimer
Regenerate OTP
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