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08 Dec 2016 | 11:52 PM
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Equity Research Report: Religare Morning Digest

We expect index to take a pause around current level, after the recent rebound while stock specific move would keep the traders busy.
07 Oct 2015 | 07:00 AM

    Highlights for Today
 
Market Outlook for the day -We expect index to take a pause around current level, after the recent rebound while stock specific move would keep the traders busy.
Key Indices – Levels to watch out for the day
INDEX (Spot) RESISTANCE 2 RESISTANCE 1 LTP SUPPORT 1 SUPPORT 2
SENSEX 27235 27100 26932.88 26750 26600
NIFTY 8250 8200 8152.90 8090 8050
BANKNIFTY 18000 17800 17605.35 17480 17300
CNX-IT 12200 12050 11889.90 11750 11600
News -
  • Suzlon Group has won a repeat turnkey order for 100.8 MW from Orange Renewable, an independent power producer (IPP), to be installed in a wind park in Beluguppa, Andhra Pradesh.
  • Uflex Ltd will set up a manufacturing facility at Sanand in Ahmedabad with an investment of Rs. 1,500 crore. The plant would become fully operational by April 2017.
  • Tata Power Strategic Engineering Division and Secusmart, the global expert in secure mobile communications, announced a comprehensive partnership for the Indian market. The two companies have signed MoU to evaluate the design, development and marketing of a highly secure mobile communications system tailored to the needs of government customers in India.
 
    Trading/ Investment Ideas
Technical Calls
Company
Name
Recommendation CMP Initiation
Range
Stop
loss
Target Time
Frame
CHENNPETRO BUY 236.5 230 - 232 225 248 3-5 Days
PIDILITIND BUY 579.65 572 - 575 560 610 3-5 Days
 
Derivatives Call
Company
Name
Recommendation CMP Initiation
Range
Stop
loss
Target Time
Frame
ITC BUY 350 CE 5.25 5 0.50 7 3-5 Days
SELL 360 CE 2.65 2.5
 
Fundamental Picks for delivery ( 9 Months - 1 Year)
Company
Name
Recommendation CMP Initiation
Range
Target
KOTAKBANK BUY 655.75 705.10 900
Note – For our running recommendations and past performance, please click here
Research Disclaimer
 
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