24 Jul 2017 | 12:48 PM
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Equity Research Report: Religare Morning Digest

Nifty is having strong support around 8200 mark, investors are advised to utilize ongoing profit-taking phase to accumulate quality stocks from private banking, NBFCs, auto, IT and capital goods space.
14 Aug 2015 | 07:00 AM

    Highlights for Today
 
Market Outlook for the day -Nifty is having strong support around 8200 mark, investors are advised to utilize ongoing profit-taking phase to accumulate quality stocks from private banking, NBFCs, auto, IT and capital goods space.
Key Indices – Levels to watch out for the day
INDEX (Spot) RESISTANCE 2 RESISTANCE 1 LTP SUPPORT 1 SUPPORT 2
SENSEX 27845 27700 27549.53 27360 27200
NIFTY 8460 8410 8355.85 8300 8250
BANKNIFTY 18450 18300 18175.40 18030 17900
CNX-IT 12300 12145 11956.10 11860 11740
News -
  • China weakened its currency for the third consecutive day Thursday. The central bank trimmed the reference rate for the yuan - also known as the renminbi (RMB) - by 1.11% to 6.4010 yuan for $1.
  • Crompton Greaves has secured orders worth Rs 300 crore from Power Grid, for supply, erection, testing and commissioning of power transformers at various substations across India.
  • Page Industries net profit rose 16.35% to Rs 63.18 crore in the quarter ended June 2015 as against Rs 54.30 crore during the previous quarter ended June 2014.
    Trading/ Investment Ideas
Technical Calls
Company
Name
Recommendation CMP Initiation
Range
Stop
loss
Target Time
Frame
IPCALAB BUY 771.2 765– 775 750 825 3-5 Days
CANBK SELL FUT 292.8 295– 298 306 270 3-5 Days
 
Derivatives Call
Company
Name
Recommendation CMP Initiation
Price
Stop
loss
Target Time
Frame
NIFTY BUY 8400 CE 103.30 95 20 70 3-5 Days
SELL 2*8600 CE 29.25 26
 
Fundamental Picks for delivery ( 9 Months - 1 Year)
Company
Name
Recommendation CMP Initiation
Range
Target
DISHTV BUY 113.65 106.70 128
Note – For our running recommendations and past performance, please click here
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