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09 Dec 2016 | 4:47 PM
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Equity Research Report: Religare Morning Digest

We reiterate our negative view on index with next target of 7900 in Nifty index. Traders are advised to maintain extra caution in Midcap and Smallcap counters as selling could be steeper in the next leg of correction.
05 Nov 2015 | 07:00 AM

    Highlights for Today
 
Market Outlook for the day -We reiterate our negative view on index with next target of 7900 in Nifty index. Traders are advised to maintain extra caution in Midcap and Smallcap counters as selling could be steeper in the next leg of correction.
Key Indices – Levels to watch out for the day
INDEX (Spot) RESISTANCE 2 RESISTANCE 1 LTP SUPPORT 1 SUPPORT 2
SENSEX 26940 26750 26552.92 26390 26250
NIFTY 8175 8110 8040.20 8000 7940
BANKNIFTY 17680 17460 17221.05 17000 16790
CNX-IT 11800 11660 11551.60 11450 11350
News -
  • Canara Bank net profit declined 15.63% to Rs 528.86 crore on 4.72% growth in total income to Rs 12477.95 crore in Q2 September 2015 over Q2 September 2014.
  • Engineers India (EIL)'s net profit rose 18.24% to Rs 69.50 crore on 10.35% increase in total income to Rs 510.94 crore in Q2 September 2015 over Q2 September 2014.
  • Nestle India has received results from all three NABL (National Accreditation Board for Testing and Calibration Laboratories) accredited laboratories mandated by the Bombay High Court to test newly manufactured Maggi noodles samples. All the samples of the Maggi Noodles Masala have been cleared with lead much below permissible limits.
 
    Trading/ Investment Ideas
Technical Calls
Company
Name
Recommendation CMP Initiation
Range
Stop
loss
Target Time
Frame
CADILAHC BUY 430.80 420 - 425 415 445 3-5 Days
NMDC SELL NOV FUT 91.9 92.5 - 93 95 87 3-5 Days
 
Derivatives Call
Company
Name
Recommendation CMP Initiation
Price
Stop
loss
Target Time
Frame
INDUSINDBK BUY 920 CE 19 17 8 32 3-5 Days
 
Fundamental Picks for delivery ( 9 Months - 1 Year)
Company
Name
Recommendation CMP Initiation
Range
Target
KOTAKBANK BUY 672.85 705.10 900
Note – For our running recommendations and past performance, please click here
Research Disclaimer
 
Regenerate OTP
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