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17 Jan 2017 | 3:15 AM
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Equity Research Report: Religare Morning Digest

Nifty is all set to retest 8000 level now but participation will limit only to the quality stocks. We believe private banking, auto and NBFCs counters will continue their outperformance.
10 May 2016 | 07:00 AM

    Religare Morning Digest – Highlights for today
 
Market Outlook for the day -Nifty is all set to retest 8000 level now but participation will limit only to the quality stocks. We believe private banking, auto and NBFCs counters will continue their outperformance.
Key Indices – Levels to watch out for the day
INDEX (Spot) RESISTANCE 2 RESISTANCE 1 LTP SUPPORT 1 SUPPORT 2
SENSEX 26030 25850 25688.86 25450 24300
NIFTY 7980 7920 7866.05 7790 7745
NIFTYBANK 17020 16860 16686.10 16520 16350
NIFTYIT 11280 11165 10991.50 10850 10740
News -
  • Domestic passenger car sales increased 1.87 per cent to 1,62,566 units in April against 1,59,588 units in the year-ago period. Motorcycle sales last month rose 16.24 per cent to 10,24,926 units from 8,81,743 units a year earlier, according to data released by the Society of Indian Automobile Manufacturers (SIAM). Total two-wheeler sales in April rose 21.23 per cent to 15,60,339 units.
  • ITC Ltd has resumed production at its cigarette factories. Production was suspended since May 4 over the large pictorial warning issue.
    Trading/ Investment Ideas
Technical Calls
Company
Name
Recommendation CMP Initiation
Range
Stop
loss
Target Time
Frame
HEROMOTOCO BUY 2943.65 2930-2955 2850 3175 3-5 Days
HINDPETRO BUY 831.50 830-840 805 910 3-5 Days
 
Derivatives Call
Company
Name
Recommendation CMP Initiation
Price
Stop
loss
Target Time
Frame
TITAN BUY 360 CE 12.60 9-10 2 10 3-5 Days
SELL 380 CE 3.75 4-5
 
Fundamental Picks for delivery (9 Months - 1 Year)
Company
Name
Recommendation CMP Initiation
Range
Target
ATULAUTO BUY 465.10 506.00 580
JYOTHYLAB BUY 306.15 272.40 330
SUPREMEIND BUY 823.25 699.30 840
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
Regenerate OTP
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