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03 Dec 2016 | 3:06 PM
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Equity Research Report: Religare Morning Digest

We reiterate our negative view on Nifty and expect volatility to touch newer highs in the coming week.
14 Dec 2015 | 07:00 AM

    Highlights for Today
 
Market Outlook for the day - We reiterate our negative view on Nifty and expect volatility to touch newer highs in the coming week.
Key Indices – Levels to watch out for the day
INDEX (Spot) RESISTANCE 2 RESISTANCE 1 LTP SUPPORT 1 SUPPORT 2
SENSEX 25400 25250 25044.43 24900 24700
NIFTY 7700 7660 7610.45 7580 7530
BANKNIFTY 16700 16550 16342.50 16250 16000
NIFTYIT 11250 11100 11043.05 10950 10800
News -
  • Domestic passenger car sales rose 10.39 per cent to 1,73,111 units in November from 1,56,811 units in the same month a year ago. Motorcycle sales rose 1.58 per cent to 8,66,705 units last month from 8,53,257 units a year ago, according to the data released by the Society of Indian Automobile Manufacturers (Siam). Total two-wheeler sales in November rose 1.47 per cent to 13,20,561 units as against 13,01,434 units in the same month last year. Sales of commercial vehicles were up 8.56 per cent to 51,766 units in November.
  • Suven Life Sciences announced that it has secured one product patent each in Eurasia, Europe, Israel and Macau.
 
    Trading/ Investment Ideas
Technical Calls
Company
Name
Recommendation CMP Initiation
Range
Stop
loss
Target Time
Frame
MARICO BUY 428.80 426-430 417 455 3-5 Days
CAIRN SELL DEC FUT 126.15 127-128 131 118 3-5 Days
 
Derivatives Call
Company
Name
Recommendation CMP Initiation
Price
Stop
loss
Target Time
Frame
NIFTY SELL JAN 7200 PE 46.10 54 68 20 3-5 Days
 
Fundamental Picks for delivery ( 9 Months - 1 Year)
Company
Name
Recommendation CMP Initiation
Range
Target
HERITGFOOD BUY 524.55 525 640
Note – For our running recommendations and past performance, please click here
Research Disclaimer
 
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