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18 Jan 2017 | 6:35 PM
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Equity Research Report: Religare Morning Digest

Nifty might consolidate further on Tuesday but stocks will continue to provide ample trading opportunities so plan your positions accordingly.
08 Mar 2016 | 07:00 AM

    Religare Morning Digest – Highlights for today
 
Market Outlook for the day -Nifty might consolidate further on Tuesday but stocks will continue to provide ample trading opportunities so plan your positions accordingly.
Key Indices – Levels to watch out for the day
INDEX (Spot) RESISTANCE 2 RESISTANCE 1 LTP SUPPORT 1 SUPPORT 2
SENSEX 25020 24850 24646.48 24380 24200
NIFTY 7610 7550 7485.35 7400 7350
NIFTYBANK 15800 15555 15339.20 15150 14980
NIFTYIT 11240 11085 10980.85 10860 10750
News -
  • BHEL commissioned its first 700 megawatts supercritical thermal unit in Karnataka.
  • Dr Reddy's Laboratories rose 1.85% to Rs 3,247.15, with the stock extending previous session's gains triggered by the company receiving approval from the US health regulator for anti-nausea drug.
  • HMT surged 15.01% to Rs 47.75 after reports that the government is looking to revive two of its loss-making subsidiaries, Heavy Engineering Corporation and HMT Machine Tools, due to their strategic importance.
 
    Trading/ Investment Ideas
Technical Calls
Company
Name
Recommendation CMP Initiation
Range
Stop
loss
Target Time
Frame
HINDUNILVR BUY 848.75 835-840 818 890 3-5 Days
ARVIND BUY 267.95 260-263 250 290 3-5 Days
 
Derivatives Call
Company
Name
Recommendation CMP Initiation
Price
Stop
loss
Target Time
Frame
CADILAHC BUY MAR FUTS 334.70 328-332 320 355 3-5 Days
 
Master Pick (1-2 Months)
Company
Name
Recommendation CMP Initiation
Range
Stop
loss
Target
CIPLA BUY 537.70 530-538 504 610
To read complete report, please click here
 
Fundamental Picks for delivery (9 Months - 1 Year)
Company
Name
Recommendation CMP Initiation
Range
Target
SMLISUZU BUY 797.10 869.00 1150
JYOTHYLAB BUY 275.85 272.40 330
SUPREMEIND BUY 754.10 699.30 840
Note – For our running recommendations and past performance, please click here
Research Disclaimer
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