25 May 2017 | 2:56 PM
Research Report
Daily

Equity Research Report: Religare Morning Digest

Despite prevailing uncertainty, we suggest traders to uphold buy on dips in Nifty till it’s trading above 7650.
04 May 2016 | 07:00 AM

    Religare Morning Digest – Highlights for today
 
Market Outlook for the day -Despite prevailing uncertainty, we suggest traders to uphold buy on dips in Nifty till it’s trading above 7650.
Key Indices – Levels to watch out for the day
INDEX (Spot) RESISTANCE 2 RESISTANCE 1 LTP SUPPORT 1 SUPPORT 2
SENSEX 25600 25400 25229.70 25080 24950
NIFTY 7865 7800 7747.00 7700 7650
NIFTYBANK 16700 16525 16388.70 16170 16000
NIFTYIT 11250 11080 10925.70 10790 10695
News -
  • United Spirits rose 3.5% to Rs 2,442 after reports Diageo Plc is considering raising stake in the liquor maker to 72% from 54.78%.
  • Rolta India jumped 11% to Rs 85.30 after the company won multi-year multi-million pound geographical information system contract from UK Power Networks.
  • Godrej Consumer Products Ltd (GCPL) reported a 16.75% rise in consolidated net profit at Rs. 310.07 crore for the fourth quarter ended March 31, 2015-16. .
  • BHEL announced the commissioning of a 600 MW coal-based thermal power plant in Madhya Pradesh.
    Trading/ Investment Ideas
Technical Calls
Company
Name
Recommendation CMP Initiation
Range
Stop
loss
Target Time
Frame
AMARAJABAT BUY 956.95 940-945 910 1020 3-5 Days
BHARATFORG SELL MAY FUT 797.00 802-810 840 740 3-5 Days
 
Derivatives Call
Company
Name
Recommendation CMP Initiation
Price
Stop
loss
Target Time
Frame
BANKINDIA BUY 90 PE 5.45 4-4.25 2.5 7 3-5 Days
 
Fundamental Picks for delivery (9 Months - 1 Year)
Company
Name
Recommendation CMP Initiation
Range
Target
ATULAUTO BUY 482.40 506.00 580
JYOTHYLAB BUY 300.40 272.40 330
SUPREMEIND BUY 803.80 699.30 840
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