27 May 2017 | 7:59 PM
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Equity Research Report: Religare Morning Digest

We believe a strong rebound is round the corner but sustainability at higher levels would be crucial for resumption of uptrend else consolidation will continue.
09 May 2016 | 07:00 AM

    Religare Morning Digest – Highlights for today
 
Market Outlook for the day -We believe a strong rebound is round the corner but sustainability at higher levels would be crucial for resumption of uptrend else consolidation will continue.
Key Indices – Levels to watch out for the day
INDEX (Spot) RESISTANCE 2 RESISTANCE 1 LTP SUPPORT 1 SUPPORT 2
SENSEX 25560 25400 25228.50 25120 24950
NIFTY 7830 7780 7733.45 7690 7650
NIFTYBANK 16600 16450 16296.60 16130 15975
NIFTYIT 11165 11025 10887.00 10730 10600
News -
  • NIIT Technologies reported a consolidated net profit of Rs. 79 crore for the fourth quarter ended March 31, as compared to the loss of Rs. 17.5 crore in the corresponding period last year.
  • BHEL announced the commissioning of a 500-MW thermal unit in Jharkhand.
  • Havells India Ltd has launched integrated automation and control solutions for domestic, commercial and public segments.
    Trading/ Investment Ideas
Technical Calls
Company
Name
Recommendation CMP Initiation
Range
Stop
loss
Target Time
Frame
AMBUJACEM BUY 219.95 218-220 212 235 3-5 Days
ONGC SELL MAY FUT 209.45 210-212 222 190 3-5 Days
 
Derivatives Call
Company
Name
Recommendation CMP Initiation
Price
Stop
loss
Target Time
Frame
TITAN BUY 360 CE 15.05 13-14 3 11 3-5 Days
SELL 380 CE 6.95 7-8
 
Fundamental Picks for delivery (9 Months - 1 Year)
Company
Name
Recommendation CMP Initiation
Range
Target
ATULAUTO BUY 468.05 506.00 580
JYOTHYLAB BUY 299.50 272.40 330
SUPREMEIND BUY 813.55 699.30 840
Note – For our running recommendations and past performance, please click here
**Please note that the given technical and derivative recommendations are "valid for taking position" if they trades within the given range on the recommended date.
Research Disclaimer