23 Jul 2017 | 12:27 PM
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Equity Research Report: Religare Morning Digest

We maintain our advice to follow the trend and avoid experimenting with underperforming sectors like PSU banks, metal and realty. For fresh buying, prefer stocks from private banks, auto, capital goods & infra space.
10 Mar 2016 | 07:00 AM

    Religare Morning Digest – Highlights for today
 
Market Outlook for the day -We maintain our advice to follow the trend and avoid experimenting with underperforming sectors like PSU banks, metal and realty. For fresh buying, prefer stocks from private banks, auto, capital goods & infra space.
Key Indices – Levels to watch out for the day
INDEX (Spot) RESISTANCE 2 RESISTANCE 1 LTP SUPPORT 1 SUPPORT 2
SENSEX 25260 25020 24793.96 24500 24350
NIFTY 7680 7600 7531.80 7440 7380
NIFTYBANK 15650 15450 15279.05 15050 14860
NIFTYIT 11240 11085 10925.80 10780 10650
News -
  • Lupin announced that it has completed the acquisition of privately held US based GAVIS Pharmaceuticals LLC and Novel Laboratories Inc. (GAVIS).
  • Cadila Healthcare received tentative approval from the USFDA to market Clofarabine Injection 20mg/20ml vials in the US.
  • Unichem Laboratories received Abbreviated New Drug Application approval from USFDA for Quetiapine Fumarate Tablets.
    Trading/ Investment Ideas
Technical Calls
Company
Name
Recommendation CMP Initiation
Range
Stop
loss
Target Time
Frame
MARUTI BUY 3576.40 3570-3600 3440 3900 3-5 Days
SUNPHARMA BUY 860.90 850-862 830 925 3-5 Days
 
Derivatives Call
Company
Name
Recommendation CMP Initiation
Price
Stop
loss
Target Time
Frame
ICICIBANK BUY 220 MARCH CE 6.70 6-6.5 1 12 3-5 Days
 
Fundamental Picks for delivery (9 Months - 1 Year)
Company
Name
Recommendation CMP Initiation
Range
Target
SMLISUZU BUY 773.95 869.00 1150
JYOTHYLAB BUY 281.15 272.40 330
SUPREMEIND BUY 760.15 699.30 840
Note – For our running recommendations and past performance, please click here
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