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03 Dec 2016 | 7:41 PM
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Equity Research Report: Religare Morning Digest

Nifty index will react to the CPI inflation data in early trades on Tuesday and that would set the tone for rest of the session.
15 Sep 2015 | 07:00 AM

    Highlights for Today
 
Market Outlook for the day -Nifty index will react to the CPI inflation data in early trades on Tuesday and that would set the tone for rest of the session.
Key Indices – Levels to watch out for the day
INDEX (Spot) RESISTANCE 2 RESISTANCE 1 LTP SUPPORT 1 SUPPORT 2
SENSEX 26230 26050 25856.70 25640 25480
NIFTY 8010 7950 7872.25 7800 7760
BANKNIFTY 17320 17100 16911.80 16700 16535
CNX-IT 11750 11640 11520.30 11400 11250
News -
  • The Wholesale Price Index (WPI) based inflation contracted further to (-) 4.95% in August. This reading was substantially lower than (-) 4.05% recorded in July. In August last, the WPI had come in at 3.85%.
  • Ashoka Buildcon Ltd has bagged two orders worth Rs. 440 crore from Karnataka Road Development Corporation Ltd (KRDCL).
  • Greaves Cotton launched its new range of Farm Equipment Products at manufacturing plant in Gummidipoondi near Chennai.
 
    Trading/ Investment Ideas
Technical Calls
Company
Name
Recommendation CMP Initiation
Range
Stop
loss
Target Time
Frame
ARVIND BUY 275.00 268 - 270 260 290 3-5 Days
EMAMILTD BUY 1228.05 1225 - 1230 1195 1350 3-5 Days
 
Derivatives Call
Company
Name
Recommendation CMP Initiation
Range
Stop
loss
Target Time
Frame
IRB BUY 230 CE 8.5 7.4-7.6 4.2 15 3-5 Days
 
Fundamental Picks for delivery ( 9 Months - 1 Year)
Company
Name
Recommendation CMP Initiation
Range
Target
KOTAKBANK BUY 645.75 705.10 900
Note – For our running recommendations and past performance, please click here
Research Disclaimer
 
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