26 Jul 2017 | 7:17 PM
Research Report
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Equity Research Report: Religare Morning Digest

Participants are advised to maintain positive yet cautious approach as we are approaching 8700 resistance levels.
07 Aug 2015 | 07:00 AM

    Highlights for Today
 
Market Outlook for the day -Participants are advised to maintain positive yet cautious approach as we are approaching 8700 resistance levels.
Key Indices – Levels to watch out for the day
INDEX (Spot) RESISTANCE 2 RESISTANCE 1 LTP SUPPORT 1 SUPPORT 2
SENSEX 28480 28365 28298.13 28150 27980
NIFTY 8650 8610 8588.65 8540 8490
BANKNIFTY 19350 19200 19029.35 18840 18690
CNX-IT 11800 11720 11616.50 11490 11380
News -
  • Motherson Sumi Systems' consolidated net profit rose 62.32% to Rs 265.76 crore on 12.07% rise in total income to Rs 9409.51 crore in Q1 June 2015 over Q1 June 2014.
  • PTC India Ltd has reported a 10% increase in its net profit for the first quarter of fiscal 2015-16 at Rs 47.93 crore compared with Rs 43.74 crore in the same quarter last year.
  • Bajaj Electricals has reported over three-fold increase in net profit at Rs. 20.34 crore for the quarter ended June 30, 2015. The company had posted a net profit of Rs. 5.63 crore in the same quarter of the previous fiscal.
    Trading/ Investment Ideas
Technical Calls
Company
Name
Recommendation CMP Initiation
Range
Stop
loss
Target Time
Frame
PIDILITIND BUY 594.65 585-590 575 625 3-5 Days
AMARAJABAT BUY 948.35 940- 945 920 995 3-5 Days
 
Derivatives Call
Company
Name
Recommendation CMP Initiation
Price
Stop
loss
Target Time
Frame
NIFTY SELL 8500 PE 65.55 63 170 70 3-5 Days
SELL 8700 CE 64.90 67
 
Fundamental Picks for delivery ( 9 Months - 1 Year)
Company
Name
Recommendation CMP Initiation
Range
Target
DISHTV BUY 119.00 106.70 128
Note – For our running recommendations and past performance, please click here
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