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10 Dec 2016 | 7:33 AM
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Equity Research Report: Religare Morning Digest

Nifty has again reached near to its crucial support of 7760 and breakdown from the same will trigger fresh selling. But, considering lined up events both on domestic and global front, we suggest trading index with option spreads rather going for a naked trade.
07 Dec 2015 | 07:00 AM

    Highlights for Today
 
Market Outlook for the day -Nifty has again reached near to its crucial support of 7760 and breakdown from the same will trigger fresh selling. But, considering lined up events both on domestic and global front, we suggest trading index with option spreads rather going for a naked trade.
Key Indices – Levels to watch out for the day
INDEX (Spot) RESISTANCE 2 RESISTANCE 1 LTP SUPPORT 1 SUPPORT 2
SENSEX 26050 25845 25638.11 25395 25245
NIFTY 7920 7850 7781.90 7700 7650
BANKNIFTY 17260 17050 16897.30 16740 16580
CNX-IT 11150 11040 10969.05 10850 10740
News -
  • Reliance Communication has signed a pact to sell its tower and optic fibre assets in India to private equity firms TPG and Tillman Global in a deal estimated at about Rs 30,000 crore.
  • Sun Pharmaceutical Industries surged almost 4% after one of its subsidiaries received USFDA approval to manufacture and market generic version of Novartis’ Gleevec, used in the treatment of cancer, in America.
  • SJVN said it signed a memorandum of understanding (MoU) with the Saurya Urja Company of Rajasthan for allocation of land in the solar parks being developed by them in Jodhpur and Jaisalmer.
 
    Trading/ Investment Ideas
Technical Calls
Company
Name
Recommendation CMP Initiation
Range
Stop
loss
Target Time
Frame
KEC BUY 152.9 152 - 153 147 164 3-5 Days
SRTRANSFIN SELL DEC FUT 851.60 858 - 860 880 815 3-5 Days
 
Derivatives Call
Company
Name
Recommendation CMP Initiation
Price
Stop
loss
Target Time
Frame
SIEMENS SELL FUTS 1172.90 1185-1190 1220 1130 3-5 Days
 
Master Pick (1-2 Months)
Company
Name
Recommendation CMP Initiation
Range
Stop
loss
Target
IPCALAB BUY 772.80 755-774 705 940
To read complete report, please click here
 
Fundamental Picks for delivery ( 9 Months - 1 Year)
Company
Name
Recommendation CMP Initiation
Price
Target
FIEMIND BUY 684.55 652 760
Note – For our running recommendations and past performance, please click here
Research Disclaimer
 
Regenerate OTP
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