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03 Dec 2016 | 12:21 AM
Research Report
Daily

Equity Research Report: Religare Morning Digest

We maintain negative bias on the Nifty index with 7700 as immediate support. Traders are advised to utilize technical bounce to create fresh short positions.
16 Nov 2015 | 07:00 AM

    Highlights for Today
 
Market Outlook for the day - We maintain negative bias on the Nifty index with 7700 as immediate support. Traders are advised to utilize technical bounce to create fresh short positions.
Key Indices – Levels to watch out for the day
INDEX (Spot) RESISTANCE 2 RESISTANCE 1 LTP SUPPORT 1 SUPPORT 2
SENSEX 26250 25900 25610.53 25500 25250
NIFTY 7950 7865 7762.25 7700 7650
BANKNIFTY 17235 17050 16932.85 16640 16500
CNX-IT 11280 11200 11102.45 11050 10950
News -
  • Shipping Corporation of India net profit surged 767.19% to Rs 161.21 crore on 1.02% decline in total income to Rs 1138.57 crore in Q2 September 2015 over Q2 September 2014.
  • Wockhardt consolidated net profit rose 2863.91% to Rs 107.59 crore on 22.60% rise in total income to Rs 1222.50 crore in Q2 September 2015 over Q2 September 2014.
  • CESC net profit rose 1.56% to Rs 195 crore on 7.09% increase in total income to Rs 1797 crore in Q2 September 2015 over Q2 September 2014.
  • Vivimed Labs consolidated net profit rose 45.52% to Rs 23.88 crore on 7.46% rise in net sales to Rs 337.03 crore in Q2 September 2015 over Q2 September 2014.
 
    Trading/ Investment Ideas
Technical Calls
Company
Name
Recommendation CMP Initiation
Range
Stop
loss
Target Time
Frame
GODREJIND BUY 382.65 378-380 368 405 3-5 Days
CASTROLIND SELL NOV FUT 438.60 440-442 450 420 3-5 Days
 
Derivatives Call
Company
Name
Recommendation CMP Initiation
Price
Stop
loss
Target Time
Frame
NIFTY BUY DEC 7500 PE 84 84 - - -
NIFTY SELL DEC 3 LOT 7400 PE 63.85 65 - 20 3-5 Days
 
Fundamental Picks for delivery ( 9 Months - 1 Year)
Company
Name
Recommendation CMP Initiation
Range
Target
KOTAKBANK BUY 669.60 705.10 900
Note – For our running recommendations and past performance, please click here
Research Disclaimer
 
Regenerate OTP
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