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04 Dec 2016 | 6:30 PM
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Equity Research Report: Religare Morning Digest

Traders are facing difficulty more due to volatility than fall in index and we don’t expect much relief from that front, considering the feeble world markets and not so encouraging earning season so far.
05 May 2016 | 07:00 AM

    Religare Morning Digest – Highlights for today
 
Market Outlook for the day -Traders are facing difficulty more due to volatility than fall in index and we don’t expect much relief from that front, considering the feeble world markets and not so encouraging earning season so far.
Key Indices – Levels to watch out for the day
INDEX (Spot) RESISTANCE 2 RESISTANCE 1 LTP SUPPORT 1 SUPPORT 2
SENSEX 25475 25300 25101.72 24920 24750
NIFTY 7825 7770 7706.55 7650 7590
NIFTYBANK 16600 16450 16274.25 16130 15975
NIFTYIT 11250 11080 10948.60 10790 10695
News -
  • Adani Enterprises slumped 7.97% to Rs 79.05 on equity dilution concerns after the company's board of directors sought shareholders' approval to raise funds by issue of equity shares/convertible bonds for up to Rs 6000 crore.
  • Sun Pharmaceutical Industries has signed an agreement with International Centre for Genetic Engineering and Biotechnology to develop a novel botanical drug for treatment of dengue.
  • NMDC announced reduction in iron ore prices with effect from 4 May 2016.
  • ITC declined 1.66% to Rs 312.65 after reports that the Supreme Court told the tobacco industry to adhere to rules requiring stringent health warnings on cigarette packs.
    Trading/ Investment Ideas
Technical Calls
Company
Name
Recommendation CMP Initiation
Range
Stop
loss
Target Time
Frame
PETRONET BUY 279.80 270-272 258 300 3-5 Days
BHEL SELL MAY FUT 119.85 123-125 130 107 3-5 Days
 
Derivatives Call
Company
Name
Recommendation CMP Initiation
Price
Stop
loss
Target Time
Frame
NTPC BUY MAY FUTS 138.80 135-136 132 144 3-5 Days
 
Fundamental Picks for delivery (9 Months - 1 Year)
Company
Name
Recommendation CMP Initiation
Range
Target
ATULAUTO BUY 473.65 506.00 580
JYOTHYLAB BUY 294.25 272.40 330
SUPREMEIND BUY 819.90 699.30 840
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
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