Indian Indices
Global Indices
Commodity (SPOT)
Currency (SPOT)
10 Dec 2016 | 5:06 PM
Research Report
Daily

Equity Research Report: Religare Morning Digest

We advise positional traders to utilize every decline during this consolidation phase to add quality stocks from private banking, auto and NBFCs space and wait for resumption of uptrend.
17 May 2016 | 07:00 AM

    Religare Morning Digest – Highlights for today
 
Market Outlook for the day -We advise positional traders to utilize every decline during this consolidation phase to add quality stocks from private banking, auto and NBFCs space and wait for resumption of uptrend.
Key Indices – Levels to watch out for the day
INDEX (Spot) RESISTANCE 2 RESISTANCE 1 LTP SUPPORT 1 SUPPORT 2
SENSEX 26020 25830 25653.23 25475 25300
NIFTY 7980 7920 7860.75 7800 7750
NIFTYBANK 17030 16850 16737.55 16550 16400
NIFTYIT 11275 11165 11087.75 10970 10850
News -
  • Pirama Enterprises’s consumer products division has entered into an agreement to acquire four brands from Pfizer for a consideration of Rs 110 crore.
  • After contracting for 17 months, WPI stood at 0.34% for April, 2016 against -0.85% in the previous month and -2.43% in a year ago period.
  • BHEL got order worth Rs. 1600 cr from a joint venture company of NTPC and SAIL to set up a coal based thermal power project in Odisha.
    Trading/ Investment Ideas
Technical Calls
Company
Name
Recommendation CMP Initiation
Range
Stop
loss
Target Time
Frame
GAIL BUY 377.35 374-378 358 415 3-5 Days
ALBK SELL FUT 50.30 52-53 55 46 3-5 Days
 
Derivatives Call
Company
Name
Recommendation CMP Initiation
Price
Stop
loss
Target Time
Frame
HEXAWARE BUY MAY FUTS 212.45 208-210 204 220 3-5 Days
 
Fundamental Picks for delivery (9 Months - 1 Year)
Company
Name
Recommendation CMP Initiation
Range
Target
ATULAUTO BUY 483.95 506.00 580
JYOTHYLAB BUY 326.70 272.40 330
Note – For our running recommendations and past performance, please click here
**Please note that the given technical and derivative recommendations are "valid for taking position" if they trades within the given range on the recommended date.
Research Disclaimer
Regenerate OTP
Thank You for your interest in Religare Online. Our Representative will get in touch with you shortly.