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04 Dec 2016 | 4:33 PM
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Equity Research Report: Religare Morning Digest

The rebound was sharp and steady in Nifty on Monday but it’s also true that reversal doesn’t happen overnight. We need consolidation in index first and sustainability above 7350 to regain strength.
16 Feb 2016 | 07:00 AM

    Religare Morning Digest – Highlights for today
 
Market Outlook for the day -The rebound was sharp and steady in Nifty on Monday but it’s also true that reversal doesn’t happen overnight. We need consolidation in index first and sustainability above 7350 to regain strength.
Key Indices – Levels to watch out for the day
INDEX (Spot) RESISTANCE 2 RESISTANCE 1 LTP SUPPORT 1 SUPPORT 2
SENSEX 24020 23775 23554.12 23360 23200
NIFTY 7320 7240 7162.95 7100 7050
NIFTYBANK 14960 14750 14445.00 14250 14050
NIFTYIT 10780 10650 10493.75 10330 10150
News -
  • WPI inflation fell to - 0.9% in January 2016 as compared to -0.73% for December 2015 as food articles, mainly vegetables and pulses, turned cheaper. Food articles inflation was at 6.02% for December compared to 8.17% last month.
  • BHEL has commissioned a 101-MW gas-based combined cycle power plant on engineering, procurement and construction (EPC) basis in Tripura.
  • Biocon has received its first generic formulation approval in Europe, paving the way for the company to launch Rosuvastatin calcium tablets in several European countries.
 
    Trading/ Investment Ideas
Technical Calls
Company
Name
Recommendation CMP Initiation
Range
Stop
loss
Target Time
Frame
IGL BUY 540.10 535-542 520 580 3-5 Days
UNIONBANK SELL FEB FUT 119.50 124-126 130 112 3-5 Days
 
Derivatives Call
Company
Name
Recommendation CMP Initiation
Price
Stop
loss
Target Time
Frame
YESBANK BUY 760 CE 15 14-15 9 30 3-5 Days
 
Fundamental Picks for delivery ( 9 Months - 1 Year)
Company
Name
Recommendation CMP Initiation
Range
Target
SMLISUZU BUY 779.70 869 1150
Note – For our running recommendations and past performance, please click here
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