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04 Dec 2016 | 7:37 AM
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Equity Research Report: Religare Morning Digest

Market Outlook for the day – Nifty is expected to remain weak for the day if it maintains below 5820 levels, stock-specific action is expected to continue. Extension of recent rally can happen if it can hold 5750 and cross 5820.
04 Jul 2013 | 07:00 AM

    Highlights for Today
Market Outlook for the day - Nifty is expected to remain weak for the day if it maintains below 5820 levels,  stock-specific action is expected to continue. Extension of recent rally can happen if it can hold 5750 and cross 5820.
Key Indices – Levels to watch out for the day
INDEX (Spot) RESISTANCE 2 RESISTANCE 1 LTP SUPPORT 1 SUPPORT 2
SENSEX 19450 19340 19177.76 19090 18920
NIFTY 5860 5820 5770.90 5750 5700
BANK NIFTY 11620 11510 11357.80 11330 11110
CNXIT 6520 6475 6451.30 6400 6320
 
Corporate News

The government garnered Rs 260 crore from stake sale in Hindustan Copper; subscribed 1.14 times of the shares on offer.

Oil India Ltd plans to invest Rs 12,000 crore in the North East by 2017 on projects, including expansion of exploration work and diversification of business.

Economy News

India's services sector activity slowed down in June owing to a decline in new business orders and subdued economic conditions. The HSBC/Markit purchasing managers’ index for the services industry, which was released today, fell from May’s three-month high of 53.6 to 51.7 in June.
 
    Trading/ Investment Ideas
Technical Calls
Company
Name
Recommendation CMP Initiation
Range
Stop
loss
Target Time
Frame
PEL BUY 575.25 565-570 557 617 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
 
Market closed negative on the second consecutive day due to weakness in global markets. Key benchmark indices dropped in early trade on weak Asian stocks. The market extended losses in early afternoon trade. Weakness persisted on the bourses in mid-afternoon trade. Markets remain choppy at the end of the session. Metal stocks edged lower on weak Chinese economic data. Steel shares led decline in metal stocks. Realty stocks tumbled. The market breadth, indicating the overall health of the market, was weak.
 
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