29 May 2017 | 11:25 PM
Research Report
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Equity Research Report: Religare Morning Digest

Nifty index will consolidate in near future while bias would remain on the positive side till it trades above 7650.
12 May 2016 | 07:00 AM

    Religare Morning Digest – Highlights for today
 
Market Outlook for the day -Nifty index will consolidate in near future while bias would remain on the positive side till it trades above 7650.
Key Indices – Levels to watch out for the day
INDEX (Spot) RESISTANCE 2 RESISTANCE 1 LTP SUPPORT 1 SUPPORT 2
SENSEX 26000 25750 25597.02 25380 25200
NIFTY 7980 7900 7848.85 7770 7720
NIFTYBANK 17020 16900 16754.45 16600 16500
NIFTYIT 11165 11030 10960.40 10840 10700
News -
  • Kotak Mahindra Bank's net profit rose 31.99% to Rs 695.78 crore on 52.27% increase in total income to Rs 4947.32 crore in Q4 March 2016 over Q4 March 2015.
  • Indian Bank net profit fell 59.02% to Rs 84.49 crore on 2.34% increase in total income to Rs 4513.60 crore in Q4 March 2016 over Q4 March 2015.
  • Oriental Bank of Commerce reported a net profit of Rs 21.62 crore in Q4 March 2016 compared with the net loss of Rs 178.44 crore in Q4 March 2015.
    Trading/ Investment Ideas
Technical Calls
Company
Name
Recommendation CMP Initiation
Range
Stop
loss
Target Time
Frame
GODREJCP BUY 1395.55 1360-1370 1295 1525 3-5 Days
ESCORTS BUY 178.70 173-175 168 190 3-5 Days
 
Derivatives Call
Company
Name
Recommendation CMP Initiation
Price
Stop
loss
Target Time
Frame
UCOBANK BUY MAY 37.50 PE 2.40 1.50 0.20 5 3-5 Days
 
Fundamental Picks for delivery (9 Months - 1 Year)
Company
Name
Recommendation CMP Initiation
Range
Target
ATULAUTO BUY 479.20 506.00 580
JYOTHYLAB BUY 318.95 272.40 330
Note – For our running recommendations and past performance, please click here
**Please note that the given technical and derivative recommendations are "valid for taking position" if they trades within the given range on the recommended date.
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