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11 Dec 2016 | 3:33 AM
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Equity Research Report: Religare Morning Digest

We expect Nifty to consolidate in near future and it may even inch further lower but our bias won’t change till 7300 is intact in Nifty, so maintain buy on dips trading approach.
11 Mar 2016 | 07:00 AM

    Religare Morning Digest – Highlights for today
 
Market Outlook for the day -We expect Nifty to consolidate in near future and it may even inch further lower but our bias won’t change till 7300 is intact in Nifty, so maintain buy on dips trading approach.
Key Indices – Levels to watch out for the day
INDEX (Spot) RESISTANCE 2 RESISTANCE 1 LTP SUPPORT 1 SUPPORT 2
SENSEX 25020 24820 24623.34 24480 24280
NIFTY 7610 7550 7486.15 7420 7380
NIFTYBANK 15550 15360 15180.65 15000 14860
NIFTYIT 11100 10970 10826.90 10700 10575
News -
  • Car sales declined for a second straight month, posting a 4.21% dip in February. According to data released by the Society of Indian Automobile Manufacturers (SIAM), domestic passenger car sales stood at 1,64,469 units in February as against 1,71,703 units in the same month last year. The total two-wheeler sales in February rose 12.76 per cent to 13,62,219 units as against 12,08,084 in the year-ago period. Motorcycle sales last month jumped 11.05 per cent to 8,59,624 units, from 7,74,122 a year earlier.
  • Godrej Properties has launched phase 2 of its flagship residential project, The Trees at Vikhroli, Mumbai.
    Trading/ Investment Ideas
Technical Calls
Company
Name
Recommendation CMP Initiation
Range
Stop
loss
Target Time
Frame
KWALITY BUY 106.10 102-104 99 114 3-5 Days
BHEL SELL MAR FUT 104.60 105-106 110 94 3-5 Days
 
Derivatives Call
Company
Name
Recommendation CMP Initiation
Price
Stop
loss
Target Time
Frame
RCOM BUY 52.50 MAR PE 2.15 1.8-2 0.9 5 3-5 Days
 
Fundamental Picks for delivery (9 Months - 1 Year)
Company
Name
Recommendation CMP Initiation
Range
Target
SMLISUZU BUY 804.85 869.00 1150
JYOTHYLAB BUY 287.25 272.40 330
SUPREMEIND BUY 757.10 699.30 840
Note – For our running recommendations and past performance, please click here
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