25 May 2017 | 10:03 PM
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Equity Research Report: Religare Morning Digest

We believe the upcoming earning season, which is scheduled to begin next week, will provide the needed trigger for directional move.
11 Apr 2016 | 07:00 AM

    Religare Morning Digest – Highlights for today
 
Market Outlook for the day -We believe the upcoming earning season, which is scheduled to begin next week, will provide the needed trigger for directional move.
Key Indices – Levels to watch out for the day
INDEX (Spot) RESISTANCE 2 RESISTANCE 1 LTP SUPPORT 1 SUPPORT 2
SENSEX 25060 24850 24673.84 24500 24375
NIFTY 7670 7600 7555.20 7500 7460
NIFTYBANK 15980 15760 15568.35 15330 15140
NIFTYIT 11360 11200 11061.15 10950 10850
News -
  • Tata Power Company announced that its wholly owned subsidiary based in Singapore, Tata Power International has signed an agreement with KS Orka Renewables for sale of its 50% stake in OTP Geothermal (OTP). The aggregate cash consideration for the transaction is USD 30 million.
  • Domestic passenger car sales declined 0.3% to 1,75,730 units in March from 1,76,260 units in the same month last year. However, motorcycle sales grew last month by 10.15% to 9,46,758 units as against 8,59,521 units a year ago, according to data released today by the Society of Indian Automobile Manufacturers (SIAM). Total two-wheeler sales in March rose by 10.92% to 14,67,714 units as against 13,23,184 units in the same month last year. Sales of commercial vehicles were up 22.03% to 79,865 units in March, SIAM said.
 
    Trading/ Investment Ideas
Technical Calls
Company
Name
Recommendation CMP Initiation
Range
Stop
loss
Target Time
Frame
AJANTPHARM BUY 1463.50 1450-1460 1405 1550 3-5 Days
BANKINDIA SELL APR FUT 91.15 93-94 97 85 3-5 Days
 
Derivatives Call
Company
Name
Recommendation CMP Initiation
Price
Stop
loss
Target Time
Frame
GAIL BUY FUTS 348.10 343-345 335 365 3-5 Days
 
Master Pick (1-2 Months)
Company
Name
Recommendation CMP Initiation
Range
Stop
loss
Target
NCC BUY 72.75 70-73 65 89
To read complete report, please click here
 
Fundamental Picks for delivery (9 Months - 1 Year)
Company
Name
Recommendation CMP Initiation
Range
Target
ATULAUTO BUY 521.90 506 580
JYOTHYLAB BUY 299.05 272.40 330
SUPREMEIND BUY 789.70 699.30 840
Note – For our running recommendations and past performance, please click here
**Please note that the given technical and derivative recommendations will be considered as initiated only if they trades within the given range on the recommended date.
Research Disclaimer