Indian Indices
Global Indices
Commodity (SPOT)
Currency (SPOT)
10 Dec 2016 | 6:55 PM
Research Report
Daily

Equity Research Report: Religare Morning Digest

Our positive view on Nifty is intact and will remain so till it upholds above 7270 so we strongly advise traders to be with the prevailing trend and utilize this pause to create long positions in quality stocks.
09 Mar 2016 | 07:00 AM

    Religare Morning Digest – Highlights for today
 
Market Outlook for the day -Our positive view on Nifty is intact and will remain so till it upholds above 7270 so we strongly advise traders to be with the prevailing trend and utilize this pause to create long positions in quality stocks.
Key Indices – Levels to watch out for the day
INDEX (Spot) RESISTANCE 2 RESISTANCE 1 LTP SUPPORT 1 SUPPORT 2
SENSEX 25020 24850 24659.23 24500 24350
NIFTY 7610 7550 7485.30 7440 7380
NIFTYBANK 15555 15350 15146.50 14950 14760
NIFTYIT 11240 11085 10914.20 10780 10650
News -
  • Alkem Labs said one of its manufacturing plants in Gujarat has obtained establishment approval from US health regulator USFDA.
  • Nalco's plan to buy back up to Rs. 3,250 crore ($483 million) of government shares will be delayed to the next fiscal year because of procedural delays.
  • Strides Shasun’s arm Strides Pharma Inc entered a pact with Sweden-based Moberg Pharma to acquire its three brands for over USD 10 million (Rs 67 crore).
    Trading/ Investment Ideas
Technical Calls
Company
Name
Recommendation CMP Initiation
Range
Stop
loss
Target Time
Frame
ASIANPAINT BUY 875.70 865-870 845 920 3-5 Days
ONGC SELL MARCH FUT 199.90 201-203 208 186 3-5 Days
 
Derivatives Call
Company
Name
Recommendation CMP Initiation
Price
Stop
loss
Target Time
Frame
PETRONET BUY MAR FUTS 245.40 242-244 235 260 3-5 Days
 
Fundamental Picks for delivery (9 Months - 1 Year)
Company
Name
Recommendation CMP Initiation
Range
Target
SMLISUZU BUY 790.10 869.00 1150
JYOTHYLAB BUY 275.40 272.40 330
SUPREMEIND BUY 757.90 699.30 840
Note – For our running recommendations and past performance, please click here
Research Disclaimer
Regenerate OTP
Thank You for your interest in Religare Online. Our Representative will get in touch with you shortly.