18 Oct 2017 | 12:00 AM
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Equity Research Report: Religare Morning Digest

Considering sell-off seen on Thursday, we maintain our advice to avoid undue risk and prefer low beta counters for day trades.
12 Feb 2016 | 07:00 AM

    Religare Morning Digest – Highlights for today
 
Market Outlook for the day -Considering sell-off seen on Thursday, we maintain our advice to avoid undue risk and prefer low beta counters for day trades.
Key Indices – Levels to watch out for the day
INDEX (Spot) RESISTANCE 2 RESISTANCE 1 LTP SUPPORT 1 SUPPORT 2
SENSEX 23400 23175 22951.83 22720 22560
NIFTY 7120 7050 6976.35 6900 6850
NIFTYBANK 14475 14250 14028.55 13800 13600
NIFTYIT 10600 10450 10312.95 10150 10000
News -
  • United Bank of India net profit dropped 59.31% to Rs 17 crore on 3.64% drop in total income to Rs 2827.91 crore in Q3 December 2015 over Q3 December 2014.
  • Bank of India reported net loss of Rs 1505.58 crore in Q3 December 2015 as compared to net profit of Rs 173.38 crore in Q3 December 2014.
  • State Bank of India net profit fell 61.67% to Rs 1115.34 crore on 6.73% rise in total income to Rs 46731.01 crore in Q3 December 2015 over Q3 December 2014.
  • Oriental Bank of Commerce reported net loss of Rs 424.69 crore in Q3 December 2015 as compared to net profit of Rs 19.56 crore in Q3 December 2014.
 
    Trading/ Investment Ideas
Technical Calls
Company
Name
Recommendation CMP Initiation
Range
Stop
loss
Target Time
Frame
TATASTEEL SELL FEB FUT 225.75 225-228 240 195 3-5 Days
RELINFRA SELL FEB FUT 402.75 410-415 435 360 3-5 Days
 
Derivatives Call
Company
Name
Recommendation CMP Initiation
Price
Stop
loss
Target Time
Frame
NIFTY BUY 6800 PE 72.60 58-60 44 95 3-5 Days
 
Fundamental Picks for delivery ( 9 Months - 1 Year)
Company
Name
Recommendation CMP Initiation
Range
Target
SMLISUZU BUY 786.35 869 1150
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