19 Oct 2017 | 2:45 AM
Research Report
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Equity Research Report: Religare Morning Digest

We don’t expect any major change in volatility scenario in the coming week as well so traders should focus more on trade management and maintain balanced trading portfolio till the trend resumes.
16 May 2016 | 07:00 AM

    Religare Morning Digest – Highlights for today
 
Market Outlook for the day -We don’t expect any major change in volatility scenario in the coming week as well so traders should focus more on trade management and maintain balanced trading portfolio till the trend resumes.
Key Indices – Levels to watch out for the day
INDEX (Spot) RESISTANCE 2 RESISTANCE 1 LTP SUPPORT 1 SUPPORT 2
SENSEX 25820 25650 25489.57 25340 25190
NIFTY 7920 7865 7814.90 7770 7720
NIFTYBANK 17030 16850 16716.90 16550 16400
NIFTYIT 11275 11165 11030.70 10900 10790
News -
  • Manappuram Finance reported strong quarterly results. Consolidated Net sales grew 29.1% to Rs. 650.32 cr compared to Rs. 503.68 cr in previous year. Net Profit surged 86.7% to Rs. 130.7 cr against Rs. 70.0 on YoY basis.
  • Aurobindo Pharma has received final approval from USFDA to manufacture and sell Zolmitriptan tablets, a drug used to treat migraine. The product is expected to be launched in Q2 FY16-17.
  • Eicher Motors fell around 5% intraday as promoters sold 4.2% stake in the company. Following the sale, the promoters will continue to hold 50.67% in the company.
 
    Trading/ Investment Ideas
Technical Calls
Company
Name
Recommendation CMP Initiation
Range
Stop
loss
Target Time
Frame
DISHTV BUY 96.15 93-94 90 104 3-5 Days
ALBK SELL FUT 52.00 53-54 56 47 3-5 Days
 
Derivatives Call
Company
Name
Recommendation CMP Initiation
Price
Stop
loss
Target Time
Frame
PIDILITIND BUY MAY FUTS 607 600-602 585 632 3-5 Days
 
Master Pick (1-2 Months)
Company
Name
Recommendation CMP Initiation
Range
Stop
loss
Target
ARVIND BUY 299.10 295-301 275 360
To read complete report, please click here
 
Fundamental Picks for delivery (9 Months - 1 Year)
Company
Name
Recommendation CMP Initiation
Range
Target
ATULAUTO BUY 469.65 506 580
JYOTHYLAB BUY 320.70 272.40 330
Note – For our running recommendations and past performance, please click here
**Please note that the given technical and derivative recommendations will be considered as initiated only if they trades within the given range on the recommended date.
 
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