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07 Dec 2016 | 11:55 PM
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Equity Research Report: Religare Morning Digest

Corrective moves are usually steeper and that is what we are seeing in Nifty and majority of stocks these days. We reiterate our advice to limit your positions and avoid high beta counters for leveraged trades.
10 Feb 2016 | 07:00 AM

    Religare Morning Digest – Highlights for today
 
Market Outlook for the day -Corrective moves are usually steeper and that is what we are seeing in Nifty and majority of stocks these days. We reiterate our advice to limit your positions and avoid high beta counters for leveraged trades.
Key Indices – Levels to watch out for the day
INDEX (Spot) RESISTANCE 2 RESISTANCE 1 LTP SUPPORT 1 SUPPORT 2
SENSEX 24400 24175 24020.98 23850 23675
NIFTY 7420 7350 7298.20 7250 7180
NIFTYBANK 15210 15000 14875.10 14750 14600
NIFTYIT 10870 10780 10614.25 10450 10290
News -
  • GAIL (India) net profit rose 9.96% to Rs 664.26 crore on 9.27% decline in total income to Rs 13708.49 crore in Q3 December 2015 over Q3 December 2014.
  • Power Finance Corporation net profit rose 2.63% to Rs 1582.32 crore on 9.65% growth in total income to Rs 6994 crore in Q3 December 2015 over Q3 December 2014.
  • Steel Authority of India posted net loss of Rs 1528.73 crore in Q3 December 2015 compared with net profit of Rs 579.09 crore in Q3 December 2014.
  • Dr Reddy's Laboratories consolidated net profit rose 0.81% to Rs 579.20 crore on 2.65% rise in total income to Rs 3980.10 crore in Q3 December 2015 over Q3 December 2014.
 
    Trading/ Investment Ideas
Technical Calls
Company
Name
Recommendation CMP Initiation
Range
Stop
loss
Target Time
Frame
TVSMOTOR BUY 285.90 285-288 278 315 3-5 Days
SIEMENS SELL FUT 1027.25 1035-1050 1075 960 3-5 Days
 
Derivatives Call
Company
Name
Recommendation CMP Initiation
Price
Stop
loss
Target Time
Frame
PFC BUY 170 PE 8 6-6.50 3 12 3-5 Days
 
Fundamental Picks for delivery ( 9 Months - 1 Year)
Company
Name
Recommendation CMP Initiation
Range
Target
SMLISUZU BUY 869.20 869 1150
Note – For our running recommendations and past performance, please click here
Research Disclaimer
 
Regenerate OTP
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