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27 Mar 2017 | 11:10 AM
Research Report
Daily

Equity Research Report: Religare Morning Digest

Market Outlook for the day – 6300 is an important support and till the index is holding above this mark on a closing basis, bias will be in favor of the bulls in the next trading session.
11 Dec 2013 | 07:00 AM
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    Highlights for Today
Market Outlook for the day - 6300 is an important support and till the index is holding above this mark on a closing basis, bias will be in favor of the bulls in the next trading session.
Key Indices – Levels to watch out for the day
INDEX (Spot) RESISTANCE 2 RESISTANCE 1 LTP SUPPORT 1 SUPPORT 2
SENSEX 21450 21325 21255.26 21150 21050
NIFTY 6380 6350 6332.85 6300 6275
BANK NIFTY 12300 12000 11843.45 11750 11500
CNXIT 9170 9100 9045.90 8950 8840
 
Corporate News

Strides Arcolab announced that its board of directors in the meeting held on 10 December 2013 have approved a special dividend of Rs 500 per share. The company said the record date for payment of the special dividend will be December 20 and it would be paid on or after December 27.

NTPC slumped 11.26% to Rs 136 triggered by India's electricity regulator releasing draft regulations which will decide power tariffs for a period of five years from 1 April 2014.

L&T Shipbuilding, a subsidiary of engineering major Larsen & Toubro, today said it has received a repeat order for six specialized commercial vessels valued at $154 million (Rs 943 crore), from a Qatar-based firm.

Ess Dee Aluminium jumped 7.59% after the Reserve Bank of India on Monday, 9 December 2013, allowed foreign institutional investors and non-resident Indians to increase stake in the company.

The government has decided to sell its remaining stake in Hindustan Zinc through auction route as it strives to meet the disinvestment target, and a formal proposal to the Cabinet in this regard will be sent soon.
 
    Trading/ Investment Ideas
Technical Calls
Company
Name
Recommendation CMP Initiation
Range
Stop
loss
Target Time
Frame
LUPIN BUY 872.30 868 - 870 850 910 3-5 DAYS
 
Derivatives Call
Company
Name
Recommendation CMP Initiation
Range
Stop
loss
Target Time
Frame
ITC BUY DEC FUT 319.9 318 - 319 314 332 3-5 DAYS
 
Fundamental Picks for delivery (1 - 2 Years)
Large Caps

Bajaj-Auto, HCL Tech, HUL, M&M, NTPC, Sun Pharma, Lupin, ITC, L&T, TCS, Adani Ports&SEZ

Midcaps & Small Caps

Amara raja batteries, GCPL, Bata India, Shriram Transport Finance,
M&M Financial Services,  Havells India, Bajaj Corp Ltd, LIC housing, Yes Bank

Note – For our running recommendations and past performance, please click here
    Market Roundup
 
Key benchmark indices edged lower in choppy trade on heightened speculation that the Federal Reserve may be about to start cutting back on its stimulus program. Shares of power generation and power distribution firms edged lower after the Central Electricity Regulatory Commission (CERC) tightened certain rules for tariffs and operations for the sector in its draft 2014-19 guidelines. Capital goods pivotals declined. Hero MotoCorp hit 52-week high. The market breadth, indicating the overall health of the market, was negative.