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09 Dec 2016 | 9:34 PM
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Equity Research Report: Religare Morning Digest

Market Outlook for the day – Assembly elections results to be announced on the 8th Dec and that will decide markets move on Monday.
09 Dec 2013 | 07:00 AM
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    Highlights for Today
Market Outlook for the day - Assembly elections results to be announced on the 8th Dec and that will decide markets move on Monday.
Key Indices – Levels to watch out for the day
INDEX (Spot) RESISTANCE 2 RESISTANCE 1 LTP SUPPORT 1 SUPPORT 2
SENSEX 21280 21120 20993.56 20820 20700
NIFTY 6350 6300 6259.9 6200 6160
BANK NIFTY 12000 11850 11720.20 11600 11450
CNXIT 8940 8900 8827.80 8720 8660
 
Corporate News

An informal group of ministers, headed by Agriculture Minister Sharad Pawar, recommended a slew of incentives to the sugar industry, including 12 per cent interest subsidy on Rs. 7,200 crore loan that mills can avail of from banks for paying cane farmers.

The Securities and Exchange Board of India had recently replaced the agreements which are entered between a depository participant and demat account holder which will not attract any stamp duty, as per a statement issued by Central Depository Services (India) Ltd (CDSL). The move will benefit new demat holders who would not be required to pay stamp duty of Rs 100 as charged earlier.
 
    Trading/ Investment Ideas
Technical Calls
Company
Name
Recommendation CMP Initiation
Range
Stop
loss
Target Time
Frame
BANKNIDIA BUY 220.40 CMP 214 230-236 3-5 DAYS
 
Derivatives Call
Company
Name
Recommendation CMP Initiation
Range
Stop
loss
Target Time
Frame
ACC BUY DEC FUT 1123.5 1110-1115 1094 1150 3-5 DAYS
 
Fundamental Picks for delivery (1 - 2 Years)
Large Caps

Bajaj-Auto, HCL Tech, HUL, M&M, NTPC, Sun Pharma, Lupin, ITC, L&T, TCS, Adani Ports&SEZ

Midcaps & Small Caps

Amara raja batteries, GCPL, Bata India, Shriram Transport Finance,
M&M Financial Services,  Havells India, Bajaj Corp Ltd, LIC housing, Yes Bank

Note – For our running recommendations and past performance, please click here
    Market Roundup
 
The Sensex and the Nifty ended the session marginally in the green due to profit-taking by funds and retail investors amid firm European cues. Metal stocks extended recent gains triggered by data showing that manufacturing activity in China continued to grow last month. Shares of two-wheeler makers gained. Sugar stocks rose ahead of group of ministers (GoM) meeting on 06 December, 2013 to discuss a bailout package for cash-starved sugar mills and to ensure timely payments to cane growers. The market breadth, indicating the overall health of the market, was positive.
Regenerate OTP
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