26 Feb 2017 | 11:01 AM
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Equity Research Report: Religare Morning Digest

Market Outlook for the day – NIfty's consolidation range has been crossed on the higher side indicating bullish momentum to continue in the coming sessions.
14 Jan 2014 | 07:00 AM

    Highlights for Today
Market Outlook for the day - NIfty's consolidation range has been crossed on the higher side indicating bullish momentum to continue in the coming sessions.
Key Indices – Levels to watch out for the day
INDEX (Spot) RESISTANCE 2 RESISTANCE 1 LTP SUPPORT 1 SUPPORT 2
SENSEX 21375 21250 21134.21 20950 20850
NIFTY 6355 6315 6272.75 6245 6220
BANK NIFTY 11350 11150 11021.60 10930 10835
CNXIT 10220 10140 10060.15 9950 9830
 
Corporate News

Reliance Power reported that the boiler light up has been achieved for its third 660 MW unit at the 3,960 MW Sasan Ultra Mega Power Plant.

Ranbaxy Laboratories slumped 5.42% on BSE after the company said it has received the form 483 with certain observations as a result of the recent US FDA inspection at its plant at Toansa, Punjab, India.

Exide Industries net profit declined 25.52% to Rs 77.52 crore on 11.28% fall in total income to Rs 1308.85 crore in Q3 December 2013 over Q3 December 2012.

Nitin Spinners has achieved financial closure for term loan of Rs 200 crore from banks for expansion project of spinning and knitting facilities at a project cost of Rs 286 crore.

Results on 14 January 2014: Liberty Shoes, NIIT Tech, Maharashtra Scooters
 
    Trading/ Investment Ideas
Technical Calls
Company
Name
Recommendation CMP Initiation
Range
Stop
loss
Target Time
Frame
ITC BUY 325.45 322-324 318 338-340 3-5 DAYS
 
Derivatives Call
Company
Name
Recommendation CMP Initiation
Range
Stop
loss
Target Time
Frame
ASIANPAINTS BUY JAN FUT 496.10 492-493 487 509 3-5 DAYS
 
Fundamental Picks for delivery (1 - 2 Years)
Large Caps

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
 
Key benchmark indices surged as a weaker-than-estimated US jobs report eased concern that the US Federal Reserve may accelerate the pace of stimulus cuts. BSE Sensex, reclaimed the psychological 21,000 mark. The Sensex and the CNX Nifty, both, hit 1-1/2 week high. Infosys extended Friday's post-result gains and hit record high. Many other IT stocks extended Friday's gains triggered by Infosys raising revenue growth guidance for FY 2014. TCS and HCL Technologies hit their record high. Wpro and Tech Mahindra scaled 52-week high. The market breadth, indicating the overall health of the market, was negative.