24 Jun 2017 | 7:38 PM
Research Report
Daily

Equity Research Report: Religare Morning Digest

Market Outlook for the day - On downside, 6000 hold crucial support so one may utilize any decline to initiate fresh longs with this support zone as stop loss.
05 Dec 2013 | 07:00 AM

    Highlights for Today
Market Outlook for the day - On downside, 6000 hold crucial support so one may utilize any decline to initiate fresh longs with this support zone as stop loss.
Key Indices – Levels to watch out for the day
INDEX (Spot) RESISTANCE 2 RESISTANCE 1 LTP SUPPORT 1 SUPPORT 2
SENSEX 20900 20820 20708.71 20550 20400
NIFTY 6230 6200 6160.95 6120 6060
BANK NIFTY 11500 11220 11156.75 11000 10900
CNXIT 8940 8900 8876.60 8800 8720
 
Corporate News

Essar Oil received a notice from promoter company, Essar Energy Holdings seeking conversion of FCCBs aggregating $262 million into equity shares.

Sesa Sterlite has received funding of $900 million from its two cash-rich subsidiaries to help it repay loans taken to buy oil producer Cairn India.

Orchid Chemicals & Pharmaceuticals Limited reported a net loss of Rs 200.34 crore during the quarter ended September 30, 2013, as compared with Rs 19.94 crore, a year ago. Net sales rose to Rs 377.25 crore from Rs 330.54 crore.

Tata Power reported that CERC's order for granting compensatory tariff for the company's Mundra project is likely to come up by month-end
 
    Trading/ Investment Ideas
Technical Calls
Company
Name
Recommendation CMP Initiation
Range
Stop
loss
Target Time
Frame
HDIL SELL DEC FUT 48.8 49-50 52 44 3-5 DAYS
 
Derivatives Call
Company
Name
Recommendation CMP Initiation
Range
Stop
loss
Target Time
Frame
TATAGLOBAL BUY DEC FUT 146.7 144-145 141 154 3-5 DAYS
 
Fundamental Picks for delivery (1 - 2 Years)
Large Caps

Bajaj-Auto, HCL Tech, HUL, M&M, NTPC, Sun Pharma, Lupin, ITC, L&T, TCS, Adani Ports&SEZ

Midcaps & Small Caps

Amara raja batteries, GCPL, Bata India, Shriram Transport Finance,
M&M Financial Services,  Havells India, Bajaj Corp Ltd, LIC housing, Yes Bank

Note – For our running recommendations and past performance, please click here
    Market Roundup
 
With fears of early US Fed rollback of its bond-buying programme coming back to haunt the global markets, Indian markets ended in the red. The market edged lower in early trade on weak Asian stocks. The Sensex moved a narrow range in negative zone in afternoon trade. High volatility was witnessed in late trade as the Sensex trimmed losses after hitting fresh intraday low. The market breadth, indicating the overall health of the market, was negative.