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23 Jan 2017 | 5:29 AM
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Equity Research Report: Religare Morning Digest

Although Nifty rallied on Friday but still it’s too early to call it a reversal. But things look better as banks participated in the up move, we suggest to wait for a session or two for further clarity.
08 Feb 2016 | 07:00 AM

    Highlights for Today
 
Market Outlook for the day -Although Nifty rallied on Friday but still it’s too early to call it a reversal. But things look better as banks participated in the up move, we suggest to wait for a session or two for further clarity.
Key Indices – Levels to watch out for the day
INDEX (Spot) RESISTANCE 2 RESISTANCE 1 LTP SUPPORT 1 SUPPORT 2
SENSEX 25000 24780 24616.97 24400 24190
NIFTY 7620 7550 7489.10 7420 7350
NIFTYBANK 15575 15360 15162.05 14960 14750
NIFTYIT 11475 11360 11227.55 11100 10990
News -
  • Bosch has posted a 99% increase in net profit to Rs.221 crore during the third quarter of the fiscal on the back of higher sales and benefit from organizational restructuring. The company had posted a net profit of Rs. 110.87 crore in the same period last fiscal.
  • Adani Power Ltd will soon sign a deal to set up a $2.2 billion coal-based power plant in Jharkhand, as its controlling shareholder aims to nearly double capacity this decade. The company plans to build two power units with a total capacity of 1,600 MW and construction could begin by December.
 
    Trading/ Investment Ideas
Technical Calls
Company
Name
Recommendation CMP Initiation
Range
Stop
loss
Target Time
Frame
TVSMOTOR BUY 289.35 288-290 278 315 3-5 Days
M&MFIN SELL FEB FUT 198.75 202-204 210 188 3-5 Days
 
Derivatives Call
Company
Name
Recommendation CMP Initiation
Price
Stop
loss
Target Time
Frame
NIFTY SELL 7300 PE 41.25 54 76 22 3-5 Days
 
Master Pick (1-2 Months)
Company
Name
Recommendation CMP Initiation
Range
Stop
loss
Target
PIDILITIND BUY 596.95 590-598 562 675
To read complete report, please click here
 
Fundamental Picks for delivery ( 9 Months - 1 Year)
Company
Name
Recommendation CMP Initiation
Range
Target
NDL BUY 130.70 150 183
Note – For our running recommendations and past performance, please click here
Research Disclaimer
 
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