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08 Dec 2016 | 7:36 AM
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Equity Research Report: Religare Morning Digest

After six days of fall, we are now closer to the bottom in Nifty but selling may continue in Midcap and Smallcap front. Traders should make required adjustment in their trading portfolios accordingly.
10 Dec 2015 | 07:00 AM

    Highlights for Today
 
Market Outlook for the day - After six days of fall, we are now closer to the bottom in Nifty but selling may continue in Midcap and Smallcap front. Traders should make required adjustment in their trading portfolios accordingly.
Key Indices – Levels to watch out for the day
INDEX (Spot) RESISTANCE 2 RESISTANCE 1 LTP SUPPORT 1 SUPPORT 2
SENSEX 25460 25250 25036.05 24850 24690
NIFTY 7750 7680 7612.50 7550 7500
BANKNIFTY 16960 16800 16660.75 16500 16320
NIFTYIT 11170 11030 10930.05 10840 10740
News -
  • Bharat Forge's said that the near-term outlook remains challenging and expects standalone revenue to remain flat in the financial year ending March 2016.
  • TCS said that the Oman Housing Bank has selected the TCS BaNCS Universal Banking to help deliver an enhanced end-customer experience in endeavor to become a leading housing finance bank in the region.
  • Shares of Dr Reddy's Laboratories and Glenmark Pharmaceuticals declined on reports the latest political developments in Venezuela might impact business prospects of these two firms.
 
    Trading/ Investment Ideas
Technical Calls
Company
Name
Recommendation CMP Initiation
Range
Stop
loss
Target Time
Frame
BIOCON BUY 463.4 460 - 462 450 485 3-5 Days
ULTRACEMCO SELL DEC FUT 2792.7 2800 - 2810 2885 2620 3-5 Days
 
Derivatives Call
Company
Name
Recommendation CMP Initiation
Price
Stop
loss
Target Time
Frame
NIFTY BUY 7500 PE 62.05 52 38 80 3-5 Days
 
Fundamental Picks for delivery ( 9 Months - 1 Year)
Company
Name
Recommendation CMP Initiation
Range
Target
FIEMIND BUY 683.25 652 760
Note – For our running recommendations and past performance, please click here
Research Disclaimer
 
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