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04 Dec 2016 | 6:05 PM
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Equity Research Report: Religare Morning Digest

On Monday, markets will react to IT major Infosys Q4 numbers, which will be declaimed on Friday. For momentum to continue, it’s essential that Nifty holds above 7750 else consolidation would again set in.
18 Apr 2016 | 07:00 AM

    Religare Morning Digest – Highlights for today
 
Market Outlook for the day -On Monday, markets will react to IT major Infosys Q4 numbers, which will be declaimed on Friday. For momentum to continue, it’s essential that Nifty holds above 7750 else consolidation would again set in.
Key Indices – Levels to watch out for the day
INDEX (Spot) RESISTANCE 2 RESISTANCE 1 LTP SUPPORT 1 SUPPORT 2
SENSEX 26075 25850 25626.75 25400 25175
NIFTY 8000 7925 7850.45 7775 7700
NIFTYBANK 16700 16500 16278.55 16080 15885
NIFTYIT 11700 11560 11351.85 11200 11000
News -
  • Wipro board will consider a proposal to buy back shares of the company on 20 April 2016.
  • Madhucon Projects announced the completion of the strategic sale of its majority stake in Madhucon Agra-Jaipur Expressway to Cube Highways and Infrastructure.
  • Lux Industries board approved a 5-for-1 stock-split proposal.
    Trading/ Investment Ideas
Technical Calls
Company
Name
Recommendation CMP Initiation
Range
Stop
loss
Target Time
Frame
GODREJCP BUY 1374.75 1360-1365 1330 1450 3-5 Days
CEATLTD BUY 1123.65 1110-1115 1075 1200 3-5 Days
 
Derivatives Call
Company
Name
Recommendation CMP Initiation
Price
Stop
loss
Target Time
Frame
AMBUJACEM BUY 230 CE 6.40 5.5-5.75 3 12 3-5 Days
 
Fundamental Picks for delivery (9 Months - 1 Year)
Company
Name
Recommendation CMP Initiation
Range
Target
ATULAUTO BUY 536.10 506.00 580
JYOTHYLAB BUY 305.95 272.40 330
SUPREMEIND BUY 777.85 699.30 840
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.
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