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04 Dec 2016 | 7:40 AM
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Equity Research Report: Religare Morning Digest

Without participation from the banking pack, Nifty can’t make any sustainable move. We suggest traders to wait for convergence of both pivots to initiate any fresh trade in index.
05 Feb 2016 | 07:00 AM

    Highlights for Today
 
Market Outlook for the day -Without participation from the banking pack, Nifty can’t make any sustainable move. We suggest traders to wait for convergence of both pivots to initiate any fresh trade in index.
Key Indices – Levels to watch out for the day
INDEX (Spot) RESISTANCE 2 RESISTANCE 1 LTP SUPPORT 1 SUPPORT 2
SENSEX 25780 24575 24338.43 24175 24000
NIFTY 7550 7475 7404.00 7350 7300
NIFTYBANK 15280 15060 14869.15 14750 14550
NIFTYIT 11475 11360 11213.65 11100 10990
News -
  • Bajaj Auto's net profit rose 4.64% to Rs 901 crore on 0.23% growth in turnover to Rs 5765 crore in Q3 December 2015 over Q3 December 2014.
  • Arvind Ltd consolidated net profit decline by 5.3% to Rs 103.3 cr on 4.2% growth in total income to Rs 2176.3 cr in Q3 December 2015 over Q3 December 2014.
  • Lafarge Holcim has put its entire 11 million tonne annual capacity in India on the block after its plan for selling 5.1 mtpa to Birla Corporation (BCL) hit the roadblock.
 
    Trading/ Investment Ideas
Technical Calls
Company
Name
Recommendation CMP Initiation
Range
Stop
loss
Target Time
Frame
POWERGRID BUY 146.80 144-145 140 155 3-5 Days
M&MFIN SELL FUT 200.7 204-206 212 190 3-5 Days
 
Derivatives Call
Company
Name
Recommendation CMP Initiation
Price
Stop
loss
Target Time
Frame
TATAMOTORS BUY 330 CE 13.40 11 6 21 3-5 Days
 
Fundamental Picks for delivery ( 9 Months - 1 Year)
Company
Name
Recommendation CMP Initiation
Range
Target
NDL BUY 130.70 150 183
Note – For our running recommendations and past performance, please click here
Research Disclaimer
 
Regenerate OTP
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