24 Mar 2017 | 6:52 PM
Research Report
Daily

Equity Research Report: Religare Morning Digest

We suggest traders to maintain buy on dips and keep a close eye on banking pack as they may outpace other sectoral indices in the next up move.
14 Mar 2016 | 07:00 AM

    Religare Morning Digest – Highlights for today
 
Market Outlook for the day -We suggest traders to maintain buy on dips and keep a close eye on banking pack as they may outpace other sectoral indices in the next up move.
Key Indices – Levels to watch out for the day
INDEX (Spot) RESISTANCE 2 RESISTANCE 1 LTP SUPPORT 1 SUPPORT 2
SENSEX 25020 24850 24717.99 24560 24380
NIFTY 7610 7550 7510.20 7460 7400
NIFTYBANK 15550 15360 15168.20 15000 14860
NIFTYIT 11100 10970 10835.45 10700 10575
News -
  • Hindustan Construction Company has been awarded Rs 635 crore contract by NTPC to construct Head Race Tunnel (balance works).
  • L T Foods has entered into an MoU with Future group to set up a joint venture.
  • Dr Reddy's Laboratories announced strategic collaboration agreement with TR-Pharm for manufacturing and commercialisation of three biosimilar drugs in Turkey.
 
    Trading/ Investment Ideas
Technical Calls
Company
Name
Recommendation CMP Initiation
Range
Stop
loss
Target Time
Frame
MOTHERSUMI BUY 245.25 242-245 236 262 3-5 Days
HAVELLS BUY 290.80 290-292 280 315 3-5 Days
 
Derivatives Call
Company
Name
Recommendation CMP Initiation
Price
Stop
loss
Target Time
Frame
DRREDDY BUY MAR FUTS 3230.05 3220-3210 3160 3360 3-5 Days
 
Master Pick (1-2 Months)
Company
Name
Recommendation CMP Initiation
Range
Stop
loss
Target
TVSMOTOR BUY 287.95 285-289 269 335
To read complete report, please click here
 
Fundamental Picks for delivery (9 Months - 1 Year)
Company
Name
Recommendation CMP Initiation
Range
Target
SMLISUZU BUY 781.05 869.00 1150
JYOTHYLAB BUY 286.30 272.40 330
SUPREMEIND BUY 755.85 699.30 840
Note – For our running recommendations and past performance, please click here
Research Disclaimer