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05 Dec 2016 | 6:33 PM
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Equity Research Report: Religare Morning Digest

Decline witnessed on Monday in Nifty index clearly shows the level of indecisiveness among the participants at present and we don’t expect this situation to change overnight.
09 Feb 2016 | 07:00 AM

    Religare Morning Digest – Highlights for today
 
Market Outlook for the day -Decline witnessed on Monday in Nifty index clearly shows the level of indecisiveness among the participants at present and we don’t expect this situation to change overnight.
Key Indices – Levels to watch out for the day
INDEX (Spot) RESISTANCE 2 RESISTANCE 1 LTP SUPPORT 1 SUPPORT 2
SENSEX 24780 24550 24287.42 24150 23950
NIFTY 7550 7475 7387.25 7350 7280
NIFTYBANK 15360 15200 15046.80 14890 14750
NIFTYIT 11280 11120 11001.45 10900 10790
News -
  • Ipca Laboratories posted 44.18% decline in net profit at Rs. 23.18 crore for the third quarter ended December 31, 2015. Net sales of the company declined to Rs. 674.27 crore in the third quarter against Rs. 734.15 crore in the same period of previous fiscal.
  • Procter & Gamble Hygiene and Health Care net profit jumped 61.81% to Rs 146.70 crore on 10.98% rise in total income to Rs 734.29 crore in Q2 December 2015 over Q2 December 2014.
  • Piramal Enterprises reported a consolidated net profit of Rs. 321.71 crore and net sales of Rs. 1,847.71 crore for the December quarter. The company had posted a net profit of Rs. 249.02 crore and net sales of Rs. 1,385.12 crore during the same period last fiscal.
 
    Trading/ Investment Ideas
Technical Calls
Company
Name
Recommendation CMP Initiation
Range
Stop
loss
Target Time
Frame
YESBANK BUY 768.35 755-760 735 820 3-5 Days
IBREALEST SELL FEB FUT 52.45 53.50-54.50 56 48 3-5 Days
 
Derivatives Call
Company
Name
Recommendation CMP Initiation
Price
Stop
loss
Target Time
Frame
NIFTY BUY 7300 PE 87.90 68 50 102 3-5 Days
 
Fundamental Picks for delivery ( 9 Months - 1 Year)
Company
Name
Recommendation CMP Initiation
Range
Target
NDL BUY 133.10 150 183
Note – For our running recommendations and past performance, please click here
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