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09 Dec 2016 | 4:39 PM
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Equity Research Report: Religare Morning Digest

We expect Nifty to find base around 7700 mark but stocks may continue to slide so traders should maintain caution in existing long trades and add few shorts from PSU banks, metals and realty space to hedge their trading portfolio.
05 Jan 2016 | 07:00 AM

    Highlights for Today
 
Market Outlook for the day -We expect Nifty to find base around 7700 mark but stocks may continue to slide so traders should maintain caution in existing long trades and add few shorts from PSU banks, metals and realty space to hedge their trading portfolio.
Key Indices – Levels to watch out for the day
INDEX (Spot) RESISTANCE 2 RESISTANCE 1 LTP SUPPORT 1 SUPPORT 2
SENSEX 26000 25800 25623.35 25450 25300
NIFTY 7910 7850 7791.30 7730 7680
BANKNIFTY 16960 16800 16599.15 16425 16200
NIFTYIT 11275 11160 11029.25 10900 10790
News -
  • India's manufacturing activity contracted in December. Nikkei's Manufacturing Purchasing Managers' index, compiled by Markit, fell to a 28-month low of 49.1 in December from November's 50.3.
  • Bajaj Auto sales during December remained flat at 2.89 lakh units mainly on the back of a 12% dip year-on-year in exports.
  • Punj Lloyd has won four highway projects worth Rs. 1,555 crore in Bihar, Chhattisgarh, Odisha and Punjab from the central government.
 
    Trading/ Investment Ideas
Technical Calls
Company
Name
Recommendation CMP Initiation
Range
Stop
loss
Target Time
Frame
ADANIPOWER BUY 32.70 32-32.50 30.50 37 3-5 Days
BANKBARODA SELL JAN FUT 150.75 153-154 159 142 3-5 Days
 
Derivatives Call
Company
Name
Recommendation CMP Initiation
Price
Stop
loss
Target Time
Frame
NIFTY SELL JAN 8000 CE 48.90 60 80 25 3-5 Days
 
Fundamental Picks for delivery ( 9 Months - 1 Year)
Company
Name
Recommendation CMP Initiation
Range
Target
HERITGFOOD BUY 571.35 525 640
Note – For our running recommendations and past performance, please click here
Research Disclaimer
 
Regenerate OTP
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