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08 Dec 2016 | 4:29 AM
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Equity Research Report: Religare Morning Digest

Traders are advised to trade cautiously as the index is having multiple resistances around the current levels.
12 Sep 2013 | 07:00 AM

    Highlights for Today
Market Outlook for the day - Traders are advised to trade cautiously as the index is having multiple resistances around the current levels.
Key Indices – Levels to watch out for the day
INDEX (Spot) RESISTANCE 2 RESISTANCE 1 LTP SUPPORT 1 SUPPORT 2
SENSEX 20260 20100 19997.45 19850 19720
NIFTY 6000 5950 5913.15 5865 5820
BANK NIFTY 10600 10450 10369.10 10200 10050
CNXIT 8470 8420 8373.25 8320 8260
 
Corporate News

KEC International secured new orders worth Rs 1004 crore in its transmission, cables, telecom and power systems cables businesses.

Sadbhav Engineering has been declared the successful bidder for two water projects aggregating Rs 456.92 crore.

HCL Technologies and Anglo American, one of the world's largest mining companies said that they have entered into an engagement where HCL will deliver IT services for Anglo American businesses across the globe.

TCS bagged a five-year multi-million euro deal from Scandinavian Airlines to help transform and optimize its IT processes, applications and infrastructure.

Harrisons Malayalam said that Kerala high court has dismissed the state government's petition challenging the authenticity of company's title deeds and operations, as not maintainable.

Jaypee Cement has struck a deal with Aditya Birla Group firm UltraTech to sell 51% stake in the 5 mtpa Gujarat facility for close to Rs 4,000 crore.

Economy News

Merchandise exports in August grew 13% to $26.1 billion compared with $23.1 billion in the same month last year. This is a second straight month that exports saw double-digit growth, due to improved demand in the US, Europe, Africa and the Asia-Pacific. Imports in August contracted 0.7% to $37.1 billion from $37.3 billion in August 2012.
 
    Trading/ Investment Ideas
Technical Calls
Company
Name
Recommendation CMP Initiation
Range
Stop
loss
Target Time
Frame
SESAGOA BUY 188.25 182-184 178 196 3-5 DAYS
 
Derivatives Call
Company
Name
Recommendation CMP Initiation
Range
Stop
loss
Target Time
Frame
GAIL BUY SEP FUT 306.3 301-303 292 315

 

3-5 DAYS

 

 
Fundamental Picks for delivery (1 - 2 Years)
Large Caps ACC, 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
 
After Tuesday's strong rally market was highly volatile during the day. Key benchmark indices edged lower in early trade. The Sensex alternately moved above and below the psychological 20,000 level in intraday trade. A bout of volatility was witnessed as key benchmark hit fresh intraday low in afternoon trade. Volatility continued as market trimmed intraday losses as the rupee surged against the dollar. Banks, Metal and Realty stocks were performed better for the day. The market breadth was positive
 
 
 
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