24 Apr 2017 | 11:51 AM
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Equity Research Report: Religare Morning Digest

Markets will first react to macro-economic data in early trades. Besides, participants would make adjustment to their trading positions, keeping in mind long weekend ahead and result of IT major Infosys ltd., which is scheduled on Friday i.e. 15th April.
13 Apr 2016 | 07:00 AM

    Religare Morning Digest – Highlights for today
 
Market Outlook for the day -Markets will first react to macro-economic data in early trades. Besides, participants would make adjustment to their trading positions, keeping in mind long weekend ahead and result of IT major Infosys ltd., which is scheduled on Friday i.e. 15th April.
Key Indices – Levels to watch out for the day
INDEX (Spot) RESISTANCE 2 RESISTANCE 1 LTP SUPPORT 1 SUPPORT 2
SENSEX 25420 25275 25145.59 25000 24800
NIFTY 7800 7750 7708.95 7660 7595
NIFTYBANK 16250 16075 15880.20 15700 15500
NIFTYIT 11565 11410 11304.45 11140 10980
News -
  • TTK Prestige, through its wholly-owned subsidiary TTK British Holdings, has acquired Silampos UK, through this transaction, TTK Prestige has also acquired the entire equity and business of Horwood Homewares, a subsidiary of Silampos, and a table and cookware supplier in the UK.
  • BPCL's board of directors approved the proposal for increasing the ceiling of investment by foreign institutional investors in the company by up to 49% from 24% in one or more tranches.
    Trading/ Investment Ideas
Technical Calls
Company
Name
Recommendation CMP Initiation
Range
Stop
loss
Target Time
Frame
CENTURYPLY BUY 180.60 178-179 172 195 3-5 Days
CEATLTD BUY 1124.25 1100-1110 1075 1200 3-5 Days
 
Derivatives Call
Company
Name
Recommendation CMP Initiation
Price
Stop
loss
Target Time
Frame
TATAMOTORS BUY 400 CE 9.30 8-8.50 3.5 15 3-5 Days
 
Fundamental Picks for delivery (9 Months - 1 Year)
Company
Name
Recommendation CMP Initiation
Range
Target
ATULAUTO BUY 523.15 506.00 580
JYOTHYLAB BUY 304.55 272.40 330
SUPREMEIND BUY 780.15 699.30 840
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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