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05 Dec 2016 | 2:04 AM
Research Report
Daily

Equity Research Report: Religare Morning Digest

We suggest traders to maintain buy on dips in quality stocks preferably from auto, private banks space and go shorts in underperformers like PSU bank, metal and realty counters.
06 Apr 2016 | 07:00 AM

    Religare Morning Digest – Highlights for today
 
Market Outlook for the day -We suggest traders to maintain buy on dips in quality stocks preferably from auto, private banks space and go shorts in underperformers like PSU bank, metal and realty counters.
Key Indices – Levels to watch out for the day
INDEX (Spot) RESISTANCE 2 RESISTANCE 1 LTP SUPPORT 1 SUPPORT 2
SENSEX 25325 25100 24883.59 24700 24550
NIFTY 7750 7675 7603.20 7545 7500
NIFTYBANK 16100 15880 15695.00 15500 15240
NIFTYIT 11550 11400 11274.95 11145 11000
News -
  • The RBI announced reduction in repo rate by 25 basis points (bps) to 6.5% from 6.75% after a scheduled monetary policy review. The central bank raised the reverse repo rate by 25 basis points to 6% and cut the marginal standing facility (MSF) rate by 75 basis points to 7%.
  • The central bank reduced the minimum daily maintenance of the cash reserve ratio (CRR) to 90% from 95% with effect from the fortnight beginning 16 April 2016 even as it kept the CRR unchanged at 4% of net demand and time liabilities (NDTL).
  • RBI expects inflation based on the consumer price index (CPI) to decelerate modestly and remain around 5% during 2016-17 with small inter-quarter variations.
    Trading/ Investment Ideas
Technical Calls
Company
Name
Recommendation CMP Initiation
Range
Stop
loss
Target Time
Frame
HAVELLS BUY 315.50 305-308 298 330 3-5 Days
VEDL SELL APR FUT 86.05 87.5- 88 92.5 77 3-5 Days
 
Derivatives Call
Company
Name
Recommendation CMP Initiation
Price
Stop
loss
Target Time
Frame
NIFTY BUY 7500 PE 84.45 78-80 68 96 3-5 Days
 
Fundamental Picks for delivery (9 Months - 1 Year)
Company
Name
Recommendation CMP Initiation
Range
Target
ATULAUTO BUY 510.80 506 580
JYOTHYLAB BUY 296.55 272.40 330
SUPREMEIND BUY 753.85 699.30 840
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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