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24 Jan 2017 | 5:26 AM
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Equity Research Report: Religare Morning Digest

Nifty index is likely to extend its upside move if it is able to cross and sustain above 7850 level.
11 Sep 2015 | 07:00 AM

    Highlights for Today
 
Market Outlook for the day -Nifty index is likely to extend its upside move if it is able to cross and sustain above 7850 level.
Key Indices – Levels to watch out for the day
INDEX (Spot) RESISTANCE 2 RESISTANCE 1 LTP SUPPORT 1 SUPPORT 2
SENSEX 26050 25860 25622.17 25420 25250
NIFTY 7950 7850 7788.10 7720 7660
BANKNIFTY 17000 16820 16597.65 16420 16200
CNX-IT 11640 11525 11396.95 11250 11090
News -
  • Mangalore Refinery and Petrochemicals (MRPL) is in talks with Colombia's Ecopetrol to buy term crude oil and is also exploring purchases of Iraq's Basra Heavy grade to diversify supplies and improve margins. MRPL is aiming to get its first cargo of Colombia's Castilla crude by November this year.
  • Suven Life Sciences secured five product patents in China, Israel, Mexico, Singapore and Sri Lanka.
  • Tata Motors' British luxury car unit Jaguar Land Rover reported a 3% decline in sales at 29,327 units in August 2015 over August 2014.
 
    Trading/ Investment Ideas
Technical Calls
Company
Name
Recommendation CMP Initiation
Range
Stop
loss
Target Time
Frame
DIVISLAB BUY 2159 2130-2140 2060 2280 3-5 Days
ABIRLANUVO BUY 2034.25 2010-2020 1950 2140 3-5 Days
 
Derivatives Call
Company
Name
Recommendation CMP Initiation
Price
Stop
loss
Target Time
Frame
LT BUY SEP 1650 CE 32.45 27-29 20 41 3-5 Days
 
Fundamental Picks for delivery ( 9 Months - 1 Year)
Company
Name
Recommendation CMP Initiation
Range
Target
KOTAKBANK BUY 635.30 705.10 900
Note – For our running recommendations and past performance, please click here
Research Disclaimer
 
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