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11 Dec 2016 | 10:01 AM
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Equity Research Report: Religare Morning Digest

Nifty index is struggling to find concrete direction, prevailing earning season is making it more difficult for traders. In such market conditions it’s best to keep the positions hedged and wait for clarity.
15 Oct 2015 | 07:00 AM

    Highlights for Today
 
Market Outlook for the day -Nifty index is struggling to find concrete direction, prevailing earning season is making it more difficult for traders. In such market conditions it’s best to keep the positions hedged and wait for clarity.
Key Indices – Levels to watch out for the day
INDEX (Spot) RESISTANCE 2 RESISTANCE 1 LTP SUPPORT 1 SUPPORT 2
SENSEX 27150 26940 26779.66 26675 26550
NIFTY 8225 8160 8107.90 8080 8050
BANKNIFTY 17830 17670 17543.25 17390 17185
CNX-IT 11650 11500 11362.90 11250 11130
News -
  • The wholesale price index based inflation edged up marginally to - 4.54% in September 2015, partially higher than - 4.95% in August. WPI inflation continued to be in the negative territory for the 11th straight month.
  • Zee Entertainment Enterprises consolidated net profit fell 1.47% to Rs 243.76 crore on 2.49% decline in total income to Rs 1407.84 crore in Q2 September 2015 over Q2 September 2014.
  • Hindustan Unilever reported a 2.6% fall in second-quarter profit. The company posted a net profit of Rs. 962 crore ($147.9 million), down from Rs. 988 core a year earlier. Net sales rose 5% to Rs. 7,820 crore.
 
    Trading/ Investment Ideas
Technical Calls
Company
Name
Recommendation CMP Initiation
Range
Stop
loss
Target Time
Frame
ITC BUY 344.10 342 - 346 336 365 3-5 Days
TECHM SELL OCT FUT 549.5 554 - 556 570 510 3-5 Days
 
Derivatives Call
Company
Name
Recommendation CMP Initiation
Price
Stop
loss
Target Time
Frame
HINDUNILVR SELL FUTS 787.15 802 820 762 3-5 Days
 
Fundamental Picks for delivery ( 9 Months - 1 Year)
Company
Name
Recommendation CMP Initiation
Range
Target
KOTAKBANK BUY 652.85 705.10 900
Note – For our running recommendations and past performance, please click here
Research Disclaimer
 
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