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11 Dec 2016 | 1:34 PM
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Equity Research Report: Religare Morning Digest

Nifty has reached near to its important hurdle of 8200. So, we suggest traders to maintain positive yet cautious approach and advise trailing stop losses with every rise.
06 Oct 2015 | 07:00 AM

    Highlights for Today
 
Market Outlook for the day -Nifty has reached near to its important hurdle of 8200. So, we suggest traders to maintain positive yet cautious approach and advise trailing stop losses with every rise.
Key Indices – Levels to watch out for the day
INDEX (Spot) RESISTANCE 2 RESISTANCE 1 LTP SUPPORT 1 SUPPORT 2
SENSEX 27120 26965 26785.55 26600 26420
NIFTY 8225 8180 8119.30 8060 8000
BANKNIFTY 18000 17820 17674.05 17480 17300
CNX-IT 12320 12180 12002.10 11865 11750
News -
  • Union Bank of India will acquire stake of KBC Asset Management in its two joint ventures.
  • Bajaj Auto total sales during September dip by 4% to 3.84 lakh units against 3.99 lakh units in the same month of last year. Commercial vehicles however posted a growth of 3% to 54,172 units while total exports remained flat at around 1.74 lakh units.
  • Ahluwalia Contracts (India) has secured new orders aggregating to Rs 220.47 crore.
 
    Trading/ Investment Ideas
Technical Calls
Company
Name
Recommendation CMP Initiation
Range
Stop
loss
Target Time
Frame
ARVIND BUY 281.00 280 - 283 270 305 3-5 Days
GLENMARK BUY 1053.1 1040 - 1050 1020 1120 3-5 Days
 
Derivatives Call
Company
Name
Recommendation CMP Initiation
Range
Stop
loss
Target Time
Frame
SBIN BUY FUTS 241.80 240.50 237.50 248 3-5 Days
 
Fundamental Picks for delivery ( 9 Months - 1 Year)
Company
Name
Recommendation CMP Initiation
Range
Target
KOTAKBANK BUY 653.05 705.10 900
Note – For our running recommendations and past performance, please click here
Research Disclaimer
 
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