29 Apr 2017 | 7:38 AM
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Equity Research Report: Religare Morning Digest

From hereon, Nifty needs decisive push above 8200 for further extension of prevailing up move else profit taking may set in.
08 Oct 2015 | 07:00 AM

    Highlights for Today
 
Market Outlook for the day -From hereon, Nifty needs decisive push above 8200 for further extension of prevailing up move else profit taking may set in.
Key Indices – Levels to watch out for the day
INDEX (Spot) RESISTANCE 2 RESISTANCE 1 LTP SUPPORT 1 SUPPORT 2
SENSEX 27420 27200 27035.85 26890 26750
NIFTY 8300 8225 8177.40 8130 8090
BANKNIFTY 18000 17800 17616.80 17480 17300
CNX-IT 12030 11850 11683.45 11575 11420
News -
  • Punj Lloyd won Rs 488-crore worth of projects in the power sector, including two transmission and distribution segment orders from Power Grid Corporation of India Ltd for rural electrification in the districts of Odisha - Jajpur, Khorda and Ganjam.
  • Sun Pharmaceutical Industries has sought shareholder approval to raise up to Rs 12,000 crore through convertible debentures or a qualified institutional placement (QIP). The funds raised will be used for expansion and acquisitions.
  • KEC International has secured new orders worth Rs 668 crore in its transmission & distribution, cables and renewables (solar) businesses.
 
    Trading/ Investment Ideas
Technical Calls
Company
Name
Recommendation CMP Initiation
Range
Stop
loss
Target Time
Frame
CHENNPETRO BUY 240.45 232 - 235 225 255 3-5 Days
MAX BUY 525.7 520 - 522 510 550 3-5 Days
 
Derivatives Call
Company
Name
Recommendation CMP Initiation
Range
Stop
loss
Target Time
Frame
HINDALCO BUY 85 CE 2.75 2.50 0.40 6 3-5 Days
 
Fundamental Picks for delivery ( 9 Months - 1 Year)
Company
Name
Recommendation CMP Initiation
Range
Target
KOTAKBANK BUY 660.50 705.10 900
Note – For our running recommendations and past performance, please click here
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