Indian Indices
Global Indices
Commodity (SPOT)
Currency (SPOT)
03 Dec 2016 | 3:04 PM
Research Report
Daily

Equity Research Report: Religare Morning Digest

It’s no secret that markets are overbought and rate cut of 25 basis points is already discounted so the upside in Nifty seems capped at present.
05 Apr 2016 | 07:00 AM

    Religare Morning Digest – Highlights for today
 
Market Outlook for the day -It’s no secret that markets are overbought and rate cut of 25 basis points is already discounted so the upside in Nifty seems capped at present.
Key Indices – Levels to watch out for the day
INDEX (Spot) RESISTANCE 2 RESISTANCE 1 LTP SUPPORT 1 SUPPORT 2
SENSEX 25700 25535 25399.65 25195 25000
NIFTY 7850 7800 7758.80 7690 7640
NIFTYBANK 16600 16400 16190.60 15930 15735
NIFTYIT 11690 11550 11387.70 11240 11090
News -
  • Mahindra & Mahindra announced the launch of its feature-rich, sporty sports utility vehicle NuvoSport with bold styling built on the same new generation platform as the Scorpio.
  • MBL Infrastructures has bagged road development projects worth Rs. 2,126 crore from NHAI in Uttarakhand and Uttar Pradesh.
  • Bajaj Auto sales have seen a major upswing, rising 22% in March to 3.06 lakh units from 2.5 lakh units in the same month of 2015.
    Trading/ Investment Ideas
Technical Calls
Company
Name
Recommendation CMP Initiation
Range
Stop
loss
Target Time
Frame
AMARAJABAT BUY 903.70 900-905 870 960 3-5 Days
ONGC SELL APR FUT 208.40 211-212 219 198 3-5 Days
 
Derivatives Call
Company
Name
Recommendation CMP Initiation
Price
Stop
loss
Target Time
Frame
HINDUNILVR BUY 880 CE 20.55 16-17 11 26 3-5 Days
 
Fundamental Picks for delivery (9 Months - 1 Year)
Company
Name
Recommendation CMP Initiation
Range
Target
ATULAUTO BUY 509.05 506 580
JYOTHYLAB BUY 302.10 272.40 330
SUPREMEIND BUY 737.70 699.30 840
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
Regenerate OTP
Thank You for your interest in Religare Online. Our Representative will get in touch with you shortly.