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10 Dec 2016 | 5:02 PM
Research Report
Daily

Equity Research Report: Religare Morning Digest

Traders are advised to uphold short trades and avoid over trading till trend reversal is confirmed.
15 Dec 2015 | 07:00 AM

    Highlights for Today
 
Market Outlook for the day - Traders are advised to uphold short trades and avoid over trading till trend reversal is confirmed.
Key Indices – Levels to watch out for the day
INDEX (Spot) RESISTANCE 2 RESISTANCE 1 LTP SUPPORT 1 SUPPORT 2
SENSEX 25525 25310 25150.35 24940 24790
NIFTY 7775 7700 7650.05 7580 7530
BANKNIFTY 16700 16550 16350.65 16200 16000
NIFTYIT 11370 11250 11099.70 10950 10800
News -
  • Wholesale price index for November came in at (-) 1.99%. This is against WPI of (-) 3.81% recorded in the previous month. In November last year, the WPI-based inflation was (-) 0.17%.
  • Shares of steel manufacturing companies rose between 2% to 12% after reports the government imposed anti-dumping duty on some stainless steel products.
  • IL&FS Engineering and Construction Company Ltd has received a Letter of Acceptance (LoA) from Metro-Link Express for Gandhinagar and Ahmedabad (MEGS) Company Ltd for the construction of a viaduct corridor.
 
    Trading/ Investment Ideas
Technical Calls
Company
Name
Recommendation CMP Initiation
Range
Stop
loss
Target Time
Frame
TV18BRDCST BUY 38.85 38.50-39 37 43 3-5 Days
CAIRN SELL DEC FUT 125.15 127-128 131 118 3-5 Days
 
Derivatives Call
Company
Name
Recommendation CMP Initiation
Price
Stop
loss
Target Time
Frame
NIFTY SELL JAN 7200 PE 41.35 52-54 68 24 3-5 Days
 
Fundamental Picks for delivery ( 9 Months - 1 Year)
Company
Name
Recommendation CMP Initiation
Range
Target
HERITGFOOD BUY 531.05 525 640
Note – For our running recommendations and past performance, please click here
Research Disclaimer
 
Regenerate OTP
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