13 Dec 2017 | 5:53 AM
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Equity Research Report: Religare Morning Digest

Market Outlook for the day – An all-time new high of the domestic benchmark Nifty has turned the sentiments positive.
10 Dec 2013 | 07:00 AM

    Highlights for Today
Market Outlook for the day - An all-time new high of the domestic benchmark Nifty has turned the sentiments positive.
Key Indices – Levels to watch out for the day
INDEX (Spot) RESISTANCE 2 RESISTANCE 1 LTP SUPPORT 1 SUPPORT 2
SENSEX 21550 21400 21326.42 21250 21000
NIFTY 6420 6380 6363.90 6340 6275
BANK NIFTY 12300 12200 12055.90 12000 11750
CNXIT 8970 8925 8877.10 8800 8760
 
Corporate News

McNally Bharat Engineering has received an order worth Rs 209.84 crore from a thermal power producer for operation and maintenance of coal handling plant.

Bharti Airtel announced partnership with Government of Punjab to expand high speed 4G LTE services across the state.

JSW Steel reported 28% rise in crude steel production on a pro forma basis to 10.72 lakh tonnes in November 2013 over November 2012.

Glenmark Pharmaceuticals’ US arm launched the generic Hydrocortisone Butyrate cream used for treating various skin conditions in the American market and is entitled to 180 days exclusivity.

Alstom T&D India bagged two contracts from Gujarat Energy Transmission Company Ltd (GETCO) to supply substations on turnkey basis, which would evacuate power from the State’s solar park.
 
    Trading/ Investment Ideas
Technical Calls
Company
Name
Recommendation CMP Initiation
Range
Stop
loss
Target Time
Frame
APOLLOTYRE BUY 81.55 80 - 81 77 90 3-5 DAYS
 
Derivatives Call
Company
Name
Recommendation CMP Initiation
Range
Stop
loss
Target Time
Frame
INDIACEM BUY DEC FUT 61.8 60 - 61 58 66 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
 
Indian stocks surged after a strong performance of Bharatiya Janata Party (BJP) in assembly elections. The investor community is betting that BJP's win in Lok Sabha elections next year under the leadership of pro-development leader - Narendra Modi - would help solve India's intrinsic problems, boost investments and propel economic growth. The market was range bound in early afternoon trade. Firmness continued on the bourses in mid-afternoon trade. The market trimmed gains in late trade. Bank stocks rose across the board. L&T scaled 52-week high.