28 Mar 2017 | 11:53 AM
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Equity Research Report: Religare Morning Digest

Nifty is having important support at 7650 mark; hence, the ongoing consolidation phase should be utilized to accumulate quality stocks.
06 May 2016 | 07:00 AM

    Religare Morning Digest – Highlights for today
 
Market Outlook for the day -Nifty is having important support at 7650 mark; hence, the ongoing consolidation phase should be utilized to accumulate quality stocks.
Key Indices – Levels to watch out for the day
INDEX (Spot) RESISTANCE 2 RESISTANCE 1 LTP SUPPORT 1 SUPPORT 2
SENSEX 25560 25400 25262.21 25120 24950
NIFTY 7830 7780 7735.50 7690 7650
NIFTYBANK 16600 16450 16281.00 16130 15975
NIFTYIT 11250 11080 10973.85 10850 10695
News -
  • Eicher Motors consolidated net profit rose 71.29% to Rs 334.50 crore on 46.6% growth in total income to Rs 3764.87 crore in quarter ended 31 March 2016 over quarter ended 31 March 2015.
  • Gillette India net profit jumped 161.29% to Rs 81 crore on 12% rise in net sales to Rs 553 crore in Q3 March 2016 over Q3 March 2015.
  • Castrol India net profit rose 17.5% to Rs 172.40 crore on 7.1% rise in net sales to Rs 855.70 crore in Q1 March 2016 over Q1 March 2015.
    Trading/ Investment Ideas
Technical Calls
Company
Name
Recommendation CMP Initiation
Range
Stop
loss
Target Time
Frame
SIEMENS BUY 1173.95 1160-1170 1120 1250 3-5 Days
ALBK SELL MAY FUTS 53.80 54-55 57 48 3-5 Days
 
Derivatives Call
Company
Name
Recommendation CMP Initiation
Price
Stop
loss
Target Time
Frame
SUNTV BUY MAY FUTS 359.70 353-354 343 378 3-5 Days
 
Fundamental Picks for delivery (9 Months - 1 Year)
Company
Name
Recommendation CMP Initiation
Range
Target
ATULAUTO BUY 458.80 506.00 580
JYOTHYLAB BUY 303.55 272.40 330
SUPREMEIND BUY 819.75 699.30 840
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