23 Oct 2017 | 7:27 PM
Research Report
Daily

Equity Research Report: Religare Morning Digest

Nifty has closed below important support of 7600, sustainability below that zone will open the gates for 7400 in the coming sessions.
08 Sep 2015 | 07:00 AM

    Highlights for Today
 
Market Outlook for the day -Nifty has closed below important support of 7600, sustainability below that zone will open the gates for 7400 in the coming sessions.
Key Indices – Levels to watch out for the day
INDEX (Spot) RESISTANCE 2 RESISTANCE 1 LTP SUPPORT 1 SUPPORT 2
SENSEX 25260 25030 24893.81 24650 24420
NIFTY 7680 7600 7558.80 7480 7400
BANKNIFTY 16250 16000 15790.10 15580 15310
CNX-IT 11575 11445 11318.30 11200 11090
News -
  • Metal shares fell in the markets after China revised down 2014 gross domestic product growth to 7.3% from a previously reported 7.4%. China is the world's largest consumer of metals.
  • Inox Leisure, took over the operations of some movie theatres in Gujarat last week. This has helped Inox Leisure expand its screen count from 377 to 389 and the number of seats from 99,000 to slightly over a lakh.
  • Buying support witnessed in sugar stocks. According to reports, sugar prices are firming up in the spot markets due to rising demand from retailers as well as bulk consumers driven by festive season.
 
    Trading/ Investment Ideas
Technical Calls
Company
Name
Recommendation CMP Initiation
Range
Stop
loss
Target Time
Frame
TECHM BUY 538.00 528 - 530 505 580 3-5 Days
VEDL SELL FUT 90.50 92 - 92.5 95.5 86.5 3-5 Days
 
Derivatives Call
Company
Name
Recommendation CMP Initiation
Price
Stop
loss
Target Time
Frame
BANKNIFTY SELL 14500 PE 118.50 150 204 30 3-5 Days
 
Fundamental Picks for delivery ( 9 Months - 1 Year)
Company
Name
Recommendation CMP Initiation
Range
Target
KOTAKBANK BUY 600.65 705.10 900
Note – For our running recommendations and past performance, please click here
Research Disclaimer