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04 Dec 2016 | 7:40 AM
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Equity Research Report: Religare Morning Digest

We expect Nifty to test 8700 mark shortly, hence it’s advisable to maintain positive bias and keep trailing stop losses with every rise in existing long trades.
06 Aug 2015 | 07:00 AM

    Highlights for Today
 
Market Outlook for the day -We expect Nifty to test 8700 mark shortly, hence it’s advisable to maintain positive bias and keep trailing stop losses with every rise in existing long trades.
Key Indices – Levels to watch out for the day
INDEX (Spot) RESISTANCE 2 RESISTANCE 1 LTP SUPPORT 1 SUPPORT 2
SENSEX 28480 28360 28223.08 28100 27980
NIFTY 8650 8610 8567.95 8530 8490
BANKNIFTY 19200 19075 18928.55 18820 18690
CNX-IT 11800 11720 11618.00 11490 11380
News -
  • Marico consolidated net profit rose 28% to Rs 238 crore on 10% growth in revenue from operations to Rs 1783 crore in Q1 June 2015 over Q1 June 2014.
  • Canara Bank net profit dropped 40.65% to Rs 478.84 crore on 4.47% rise in total income to Rs 12252.64 crore in Q1 June 2015 over Q1 June 2014.
  • Emami Ltd reported a 23.92% increase in consolidated net profit at Rs. 87.75 crore for the first quarter ended June 30, 2015, against Rs. 70.81 crore during the same period of the previous fiscal.
    Trading/ Investment Ideas
Technical Calls
Company
Name
Recommendation CMP Initiation
Range
Stop
loss
Target Time
Frame
BERGEPAINT BUY 230.35 225-228 220 242 3-5 Days
CADILAHC BUY 1919.85 1900-1930 1850 2065 3-5 Days
 
Derivatives Call
Company
Name
Recommendation CMP Initiation
Price
Stop
loss
Target Time
Frame
ULTRACEMCO BUY AUG FUTS 3226.65 3215-3220 3165 3315 3-5 Days
 
Fundamental Picks for delivery ( 9 Months - 1 Year)
Company
Name
Recommendation CMP Initiation
Range
Target
DISHTV BUY 120.80 106.70 128
Note – For our running recommendations and past performance, please click here
Research Disclaimer
 
Regenerate OTP
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