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10 Dec 2016 | 8:10 AM
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Equity Research Report: Religare Morning Digest

Market Outlook for the day – Considering the current market situation, traders are advised to utilize any technical bounce to build intraday short positions.
06 Jan 2014 | 07:00 AM

    Highlights for Today
Market Outlook for the day - Considering the current market situation, traders are advised to utilize any technical bounce to build intraday short positions.
Key Indices – Levels to watch out for the day
INDEX (Spot) RESISTANCE 2 RESISTANCE 1 LTP SUPPORT 1 SUPPORT 2
SENSEX 21100 21000 20851.33 20700 20600
NIFTY 6275 6240 6211.15 6160 6120
BANK NIFTY 11440 11320 11181.65 11050 10900
CNXIT 9775 9720 9673.20 9610 9550
 
Corporate News

Bajaj Auto sold 2,60,645 motorcycles during December 2013 compared with 2,98,350 units in the same month of the previous year. Commercial vehicles sales were down 19% to 37,131 units from 45,596 units. Total sales were down 13% to 2,97,776 units (3,43,946). However, exports witnessed a sharp jump to 1,50,753 units last month against 1,26,016 vehicles in December 2012.

Ashok Leyland surged 6.7% on BSE after the company reported a 16.74% rise in its total vehicle sales at 6,275 units in December 2013 over November 2013.

Tata Teleservices spurted 10% on BSE on reports Vodafone is in preliminary discussions with the Tata Group to acquire its majority stake in Tata Teleservices.

Karur Vysya Bank rose 1.36% on BSE after the Reserve Bank of India allowed foreign institutional investors to buy up to 40% stake in the bank through primary/secondary markets in India.

Hindustan Construction Company jumped 4.35% on BSE after the company won a contract worth Rs 442.52 crore from IRCON International.
 
    Trading/ Investment Ideas
Technical Calls
Company
Name
Recommendation CMP Initiation
Range
Stop
loss
Target Time
Frame
SYNDIBANK BUY 95.30 94.75-95 92 100-102 3-5 DAYS
 
Derivatives Call
Company
Name
Recommendation CMP Initiation
Range
Stop
loss
Target Time
Frame
HINDUNILVR BUY JAN FUT 567.50 563-565 556 579 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
 
Key benchmark indices trimmed losses in mid-afternoon trade. Weakness in Asian and European stocks weighed on sentiment on the domestic bourses. Metal and mining stocks dropped for the second day in a row after a gauge of China's non-manufacturing industries declined. Bank stocks dropped after Prime Minister Dr. Manmohan Singh expressed concern about the failure in controlling persistent inflation. Pharma stocks remain mixed.
Regenerate OTP
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