Indian Indices
Global Indices
Commodity (SPOT)
Currency (SPOT)
10 Dec 2016 | 10:50 AM
Research Report
Daily

Equity Research Report: Religare Morning Digest

All indications are pointing towards decline to continue and expect Nifty to form a new 52 weeks low in near future. We uphold our view to maintain bearish option spreads in Nifty.
09 Dec 2015 | 07:00 AM

    Highlights for Today
 
Market Outlook for the day - All indications are pointing towards decline to continue and expect Nifty to form a new 52 weeks low in near future. We uphold our view to maintain bearish option spreads in Nifty.
Key Indices – Levels to watch out for the day
INDEX (Spot) RESISTANCE 2 RESISTANCE 1 LTP SUPPORT 1 SUPPORT 2
SENSEX 25675 25500 25310.33 25150 24990
NIFTY 7820 7770 7701.70 7650 7600
BANKNIFTY 17050 16920 16801.15 16670 16500
NIFTYIT 11260 11100 10981.85 10850 10740
News -
  • NHPC announced that its 120 megawatts (MW) Sewa-II power generation unit in Jammu & Kashmir (J&K) has been completely shut down for attending annual maintenance of machines for about 20 days with effect from 7 December 2015.
  • Unichem Laboratories has received final Abbreviated New Drug Application (ANDA) approval from the United States Food and Drug Administration (USFDA) for Irbesartan tablets USP.
  • L&T’s water and effluent treatment vertical has secured orders worth Rs. 1,053 crore from the Water Resources Department, Odisha Government, for the engineering, procurement and construction of 34 lift irrigation schemes across the State.
 
    Trading/ Investment Ideas
Technical Calls
Company
Name
Recommendation CMP Initiation
Range
Stop
loss
Target Time
Frame
GRUH BUY 259.05 258-260 252 275 3-5 Days
SYNDIBANK SELL DEC FUT 88.65 89 - 90 92 83 3-5 Days
 
Derivatives Call
Company
Name
Recommendation CMP Initiation
Price
Stop
loss
Target Time
Frame
NIFTY BUY 7500 PE 47 35 20 65 3-5 Days
 
Fundamental Picks for delivery ( 9 Months - 1 Year)
Company
Name
Recommendation CMP Initiation
Range
Target
FIEMIND BUY 702.75 652 760
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.