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10 Dec 2016 | 2:09 PM
Research Report
Daily

Equity Research Report: Religare Morning Digest

Impact of IIP and CPI data will be witnessed in Wednesday’s opening trade and it will set the tone for rest of the trading session.
13 Jan 2016 | 07:00 AM

    Highlights for Today
 
Market Outlook for the day -Impact of IIP and CPI data will be witnessed in Wednesday’s opening trade and it will set the tone for rest of the trading session.
Key Indices – Levels to watch out for the day
INDEX (Spot) RESISTANCE 2 RESISTANCE 1 LTP SUPPORT 1 SUPPORT 2
SENSEX 25030 24900 24682.03 24575 24470
NIFTY 7620 7580 7510.30 7480 7450
BANKNIFTY 16220 16000 15734.80 15500 15275
NIFTYIT 11085 10950 10790.35 10650 10500
News -
  • L&T’s construction arm has won orders worth Rs. 1,247 crore in the buildings and factories and power transmission and distribution businesses.
  • Amara Raja Group has committed an investment of Rs. 5,000 crore in Andhra Pradesh across business verticals such as electronics, auto, IT, energy and infrastructure.
  • IndusInd Bank’s net profit rose 29.92% to Rs 581.02 crore on 22.05% rise in total income to Rs 3766.70 crore in Q3 December 2015 over Q3 December 2014.
 
    Trading/ Investment Ideas
Technical Calls
Company
Name
Recommendation CMP Initiation
Range
Stop
loss
Target Time
Frame
EVEREADY BUY 310.80 306-308 298 330 3-5 Days
HINDALCO SELL JAN FUT 75.90 77-78 80 71 3-5 Days
 
Derivatives Call
Company
Name
Recommendation CMP Initiation
Price
Stop
loss
Target Time
Frame
NIFTY BUY FEB 7700 CE 113.60 113 NA 20 3-5 Days
SELL 4, FEB 7900 CE 51.10 52
 
Fundamental Picks for delivery ( 9 Months - 1 Year)
Company
Name
Recommendation CMP Initiation
Range
Target
NDL BUY 150.25 150 183
Note – For our running recommendations and past performance, please click here
Research Disclaimer
 
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