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09 Dec 2016 | 1:21 PM
Research Report
Daily

Equity Research Report: Religare Morning Digest

We maintain negative bias on the Nifty index with 7700 as immediate support. Traders are advised to utilize technical bounce to create fresh short positions.
13 Nov 2015 | 07:00 AM

    Highlights for Today
 
Market Outlook for the day - We maintain negative bias on the Nifty index with 7700 as immediate support. Traders are advised to utilize technical bounce to create fresh short positions.
Key Indices – Levels to watch out for the day
INDEX (Spot) RESISTANCE 2 RESISTANCE 1 LTP SUPPORT 1 SUPPORT 2
SENSEX 26250 26000 25743.26 25550 25400
NIFTY 7950 7865 7783.35 7720 7680
BANKNIFTY 17235 17020 16836.00 16640 16500
CNX-IT 11500 11360 11214.20 11080 10950
News -
  • Hindalco Industries net profit rose 31.10% to Rs 103.27 crore on 6.43% increase in total income to Rs 9342.14 crore in Q2 September 2015 over Q2 September 2014.
  • Shares of IndiGo’s parent InterGlobe Aviation debuted at Rs. 856, a premium of nearly 12% over the issue price of Rs. 765 per share.
  • Domestic passenger car sales rose 21.80% to 1,94,158 units in October from 1,59,408 units in the same month a year ago. Motorcycle sales rose 5.66% to 10,65,856 units in October as against 10,08,761 units sold during the same month last year, according to the data released by the Society of Indian Automobile Manufacturers (SIAM).
 
    Trading/ Investment Ideas
Technical Calls
Company
Name
Recommendation CMP Initiation
Range
Stop
loss
Target Time
Frame
HEROMOTOCO BUY 2663.70 2650- 2660 2590 2780 3-5 Days
ONGC SELL NOV FUT 238 240- 241 248 225 3-5 Days
 
Derivatives Call
Company
Name
Recommendation CMP Initiation
Price
Stop
loss
Target Time
Frame
HAVELLS BUY 260 CE 7.05 5.2 3 10 3-5 Days
 
Fundamental Picks for delivery ( 9 Months - 1 Year)
Company
Name
Recommendation CMP Initiation
Range
Target
KOTAKBANK BUY 646.85 705.10 900
Note – For our running recommendations and past performance, please click here
Research Disclaimer
 
Regenerate OTP
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