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07 Dec 2016 | 2:04 AM
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Equity Research Report: Religare Morning Digest

We reiterate our negative view on Nifty and expect 7900 mark to be tested shortly.
04 Nov 2015 | 07:00 AM

    Highlights for Today
 
Market Outlook for the day -We reiterate our negative view on Nifty and expect 7900 mark to be tested shortly.
Key Indices – Levels to watch out for the day
INDEX (Spot) RESISTANCE 2 RESISTANCE 1 LTP SUPPORT 1 SUPPORT 2
SENSEX 26940 26750 26590.59 26390 26250
NIFTY 8175 8110 8060.70 8000 7940
BANKNIFTY 17700 17530 17325.60 17150 16975
CNX-IT 11875 11750 11618.40 11480 11350
News -
  • Indian Oil Corporation reported a net loss of Rs 329.17 crore for the second quarter of FY16. The loss is less than half the Rs 898.46-crore net loss incurred during the same quarter last year. During the quarter the company’s net revenue fell 23.5% to Rs 85,384 crore from Rs 1,11,663 crore in the same quarter last year.
  • Sun Pharmaceutical Industries has completed acquisition of the US-based eyecare firm InSite Vision. The acquisition was completed by means of a short-form merger under the Delaware law. Post-merger, InSite Vision has become an indirect wholly-owned subsidiary of Sun Pharma.
 
    Trading/ Investment Ideas
Technical Calls
Company
Name
Recommendation CMP Initiation
Range
Stop
loss
Target Time
Frame
ACC BUY 1425.9 1415 - 1420 1370 1500 3-5 Days
SYNDIBANK SELL NOV FUT 93.95 94.5 - 95 98 88 3-5 Days
 
Derivatives Call
Company
Name
Recommendation CMP Initiation
Price
Stop
loss
Target Time
Frame
PETRONET BUY 205 CE 5.20 4.3 2.5 9 3-5 Days
 
Fundamental Picks for delivery ( 9 Months - 1 Year)
Company
Name
Recommendation CMP Initiation
Range
Target
KOTAKBANK BUY 683.10 705.10 900
Note – For our running recommendations and past performance, please click here
Research Disclaimer
 
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