19 Oct 2017 | 11:49 AM
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Equity Research Report: Religare Morning Digest

For any sustainable recovery, Nifty should stabilize first but that seems difficult. We expect the prevailing slide to extend further with next major support now at 6800 in Nifty.
15 Feb 2016 | 07:00 AM

    Religare Morning Digest – Highlights for today
 
Market Outlook for the day -For any sustainable recovery, Nifty should stabilize first but that seems difficult. We expect the prevailing slide to extend further with next major support now at 6800 in Nifty.
Key Indices – Levels to watch out for the day
INDEX (Spot) RESISTANCE 2 RESISTANCE 1 LTP SUPPORT 1 SUPPORT 2
SENSEX 23400 23175 22986.12 22750 22590
NIFTY 7120 7050 6980.95 6900 6850
NIFTYBANK 14475 14250 13971.50 13800 13600
NIFTYIT 10600 10450 10324.45 10150 10000
News -
  • Domestic passenger car sales fell for the first time in 15 months after logging a marginally dip to 1,68,303 units in January as against 1,69,527 units in the year-ago period. Vehicle sales across categories registered an increase of 3.03 per cent to 17,00,257 units from 16,50,227 units in January 2015, according to data released by the Society of Indian Automobile Manufacturers (SIAM).
  • Adani Ports consolidated net profit rose 25.94% to Rs 644.96 crore on 11.27% rise in total income to Rs 1895.75 crore in Q3 December 2015 over Q3 December 2014.
  • Mahindra & Mahindra net profit declined 14.23% to Rs 807.99 crore on 16.66% rise in total income to Rs 11096.89 crore in Q3 December 2015 over Q3 December 2014.
 
    Trading/ Investment Ideas
Technical Calls
Company
Name
Recommendation CMP Initiation
Range
Stop
loss
Target Time
Frame
IGL BUY 522.95 515-520 500 560 3-5 Days
BAJAJ-AUTO SELL FEB FUT 2298 2320-2330 2405 2180 3-5 Days
 
Derivatives Call
Company
Name
Recommendation CMP Initiation
Price
Stop
loss
Target Time
Frame
BANKNIFTY BUY FUTS 13930 13930 -160000 5000 3-5 Days
NIFTY SELL FUTS 6981.20 6980
 
Fundamental Picks for delivery ( 9 Months - 1 Year)
Company
Name
Recommendation CMP Initiation
Range
Target
SMLISUZU BUY 769.50 869 1150
Note – For our running recommendations and past performance, please click here
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