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11 Dec 2016 | 3:40 AM
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Equity Research Report: Religare Morning Digest

Considering recovery seen in Nifty index post gap-down opening on Monday, we expect 7650 levels will be tested soon.
12 Jan 2016 | 07:00 AM

    Highlights for Today
 
Market Outlook for the day -Considering recovery seen in Nifty index post gap-down opening on Monday, we expect 7650 levels will be tested soon.
Key Indices – Levels to watch out for the day
INDEX (Spot) RESISTANCE 2 RESISTANCE 1 LTP SUPPORT 1 SUPPORT 2
SENSEX 25200 25000 24825.04 24700 24575
NIFTY 7675 7610 7563.85 7530 7490
BANKNIFTY 16375 16200 16016.25 15840 15700
NIFTYIT 11085 10950 10823.90 10700 10590
News -
  • Domestic passenger car sales rose 12.87 per cent to 1,72,671 units in December from 1,52,986 units in the same month a year ago. Motorcycle sales declined 5.93 per cent to 7,24,807 units last month from 7,70,519 units a year ago, according to the data released by the SIAM.
  • Sintex Industries share has fallen on lower growth guidance. The FY16 revenue growth guidance has been lowered to 15% from 20% earlier.
  • Cadila Healthcare said that its manufacturing plant at Baddi, Himachal Pradesh, successfully obtained the establishment inspection report from the USFDA.
 
    Trading/ Investment Ideas
Technical Calls
Company
Name
Recommendation CMP Initiation
Range
Stop
loss
Target Time
Frame
BEL BUY 1330.6 1320 - 1330 1275 1445 3-5 Days
SRTRANSFIN SELL JAN FUT 821.3 830– 840 875 770 3-5 Days
 
Derivatives Call
Company
Name
Recommendation CMP Initiation
Price
Stop
loss
Target Time
Frame
NIFTY BUY FEB 7200 PE 66.75 70 NA 30 3-5 Days
SELL 4, FEB 7000 PE 40.25 42
 
Fundamental Picks for delivery ( 9 Months - 1 Year)
Company
Name
Recommendation CMP Initiation
Range
Target
NDL BUY 154.80 150 183
Note – For our running recommendations and past performance, please click here
Research Disclaimer
 
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