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03 Dec 2016 | 1:53 PM
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Equity Research Report: Religare Morning Digest

We believe, for next upswing, Nifty should decisively close above 7600 else the dullness will continue. Meanwhile, traders should focus more on quality stocks in Midcap and Smallcap space.
15 Mar 2016 | 10:00 AM

    Religare Morning Digest – Highlights for today
 
Market Outlook for the day -We believe, for next upswing, Nifty should decisively close above 7600 else the dullness will continue. Meanwhile, traders should focus more on quality stocks in Midcap and Smallcap space.
Key Indices – Levels to watch out for the day
INDEX (Spot) RESISTANCE 2 RESISTANCE 1 LTP SUPPORT 1 SUPPORT 2
SENSEX 25230 25020 24804.28 24600 24380
NIFTY 7675 7610 7538.75 7480 7400
NIFTYBANK 15620 15450 15277.80 15100 14900
NIFTYIT 11100 10970 10866.85 10775 10650
News -
  • Bhushan Steel has received the environment clearance from the Ministry of Environment, Government of India for an expansion project in Orissa.
  • Gujarat Narmada Valley Fertilizers & Chemicals has signed a joint venture agreement with Belgium's EcoPhos SA.
  • Pfizer announced that it has discontinued the manufacture and sale of its "Corex" cough syrup with immediate effect.
    Trading/ Investment Ideas
Technical Calls
Company
Name
Recommendation CMP Initiation
Range
Stop
loss
Target Time
Frame
SRF BUY 1193.20 1190-1200 1170 1260 3-5 Days
IDEA SELL MAR FUT 101.20 102-103 106 94 3-5 Days
 
Derivatives Call
Company
Name
Recommendation CMP Initiation
Price
Stop
loss
Target Time
Frame
DABUR BUY MAR FUTS 250.60 247-249 242.50 260 3-5 Days
 
Fundamental Picks for delivery (9 Months - 1 Year)
Company
Name
Recommendation CMP Initiation
Range
Target
SMLISUZU BUY 773.85 869.00 1150
JYOTHYLAB BUY 291.10 272.40 330
SUPREMEIND BUY 770.00 699.30 840
Note – For our running recommendations and past performance, please click here
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