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05 Dec 2016 | 5:45 PM
Research Report
Daily

Equity Research Report: Religare Morning Digest

Caution is advised at current levels as Nifty index has lost close to 4% this week so far and still there are no signs of respite.
11 Feb 2016 | 07:00 AM

    Religare Morning Digest – Highlights for today
 
Market Outlook for the day -Caution is advised at current levels as Nifty index has lost close to 4% this week so far and still there are no signs of respite.
Key Indices – Levels to watch out for the day
INDEX (Spot) RESISTANCE 2 RESISTANCE 1 LTP SUPPORT 1 SUPPORT 2
SENSEX 24100 23940 23758.90 23590 23400
NIFTY 7325 7275 7215.70 7160 7100
NIFTYBANK 14940 14750 14588.45 14450 14300
NIFTYIT 10870 10780 10600.45 10450 10290
News -
  • Indian Overseas Bank reported net loss of Rs 1425.06 crore in Q3 December 2015 compared with net loss of Rs 516.03 crore in Q3 December 2014.
  • Central Bank of India declared net loss of Rs 836.62 crore in Q3 December 2015 as compared with net profit of Rs 137.65 crore in Q3 December 2014..
  • NHPC Ltd has more than doubled its net profit for the third quarter of fiscal 2015-16. The company’s net profit stood at Rs 388.02 crore compared with Rs 179.83 crore in the same quarter last year.
 
    Trading/ Investment Ideas
Technical Calls
Company
Name
Recommendation CMP Initiation
Range
Stop
loss
Target Time
Frame
AMARAJABAT BUY 872.25 865-870 845 920 3-5 Days
SIEMENS SELL FUT 1026.60 1035-1040 1075 960 3-5 Days
 
Derivatives Call
Company
Name
Recommendation CMP Initiation
Price
Stop
loss
Target Time
Frame
HINDALCO BUY 65 PE 1.90 1.50-1.75 0.90 4 3-5 Days
 
Fundamental Picks for delivery ( 9 Months - 1 Year)
Company
Name
Recommendation CMP Initiation
Range
Target
SMLISUZU BUY 821.35 869 1150
Note – For our running recommendations and past performance, please click here
Research Disclaimer
 
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