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10 Dec 2016 | 1:46 PM
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Equity Research Report: Religare Morning Digest

Nifty has crucial support at 7700 now and its sustainability would be decisive ahead. Meanwhile, stocks are providing opportunities on both sides so plan your trades accordingly.
07 Jan 2016 | 07:00 AM

    Highlights for Today
 
Market Outlook for the day -Nifty has crucial support at 7700 now and its sustainability would be decisive ahead. Meanwhile, stocks are providing opportunities on both sides so plan your trades accordingly.
Key Indices – Levels to watch out for the day
INDEX (Spot) RESISTANCE 2 RESISTANCE 1 LTP SUPPORT 1 SUPPORT 2
SENSEX 25740 25575 25406.33 25260 25100
NIFTY 7850 7800 7741.00 7700 7650
BANKNIFTY 16760 16600 16433.15 16300 16150
NIFTYIT 11275 11160 11018.15 10900 10790
News -
  • SRF Ltd would begin operating its Chennai plant in phases after the factory was temporarily shut last month due to flooding on heavy rainfall.
  • Glenmark Pharmaceuticals has received a tentative nod from the US health regulator for generic version of Sanofi-Aventis’ cardiac drug Multaq.
  • Narayana Hrudayalaya got listed on NSE at Rs 291, a plum 16% premium against its issue price of Rs 250.
 
    Trading/ Investment Ideas
Technical Calls
Company
Name
Recommendation CMP Initiation
Range
Stop
loss
Target Time
Frame
DISHTV BUY 103.75 103 - 104 100 112 3-5 Days
VEDL SELL JAN FUT 89.1 89- 89.5 93.5 81 3-5 Days
 
Derivatives Call
Company
Name
Recommendation CMP Initiation
Price
Stop
loss
Target Time
Frame
NIFTY BUY 7600 PE 69.75 62-65 34 122 3-5 Days
 
Fundamental Picks for delivery ( 9 Months - 1 Year)
Company
Name
Recommendation CMP Initiation
Range
Target
NDL BUY 155.15 150 183
Note – For our running recommendations and past performance, please click here
Research Disclaimer
 
Regenerate OTP
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