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05 Dec 2016 | 1:53 AM
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Equity Research Report: Religare Morning Digest

Market Outlook for the day – We reiterate our positive bias till Nifty is holding above 5900 levels on closing basis. Due to excessive choppiness, we recommend to hedge positions or maintain strict stops irrespective to direction of the trade.
18 Jul 2013 | 07:00 AM

    Highlights for Today
Market Outlook for the day - We reiterate our positive bias till Nifty is holding above 5900 levels on closing basis. Due to excessive choppiness, we recommend to hedge positions or maintain strict stops irrespective to direction of the trade.
Key Indices – Levels to watch out for the day
INDEX (Spot) RESISTANCE 2 RESISTANCE 1 LTP SUPPORT 1 SUPPORT 2
SENSEX 20160 20040 19948.73 19850 19730
NIFTY 6040 6000 5973.30 5930 5900
BANK NIFTY 11200 11090 10971.60 10800 10650
CNXIT 7360 7300 7272.00 7230 7160
 
Corporate News

L&T has bagged an order worth Rs 2,085 crore from the Transport Ministry of Oman for the construction of the Al Batinah Expressway package 4.

HDFC Bank's net profit for the quarter ended June 30, 2013 increased by 30.1% to Rs 1,844 crore. Net interest income was Rs 4,419 crore during the quarter, up 21% from a year earlier. Net interest margin was unchanged sequentially and from a year ago at 4.6% during the three months.

Hindustan Unilever surged 9.13% on reports that the company has raised prices of several personal care products.

Results on 18 July 2013: TCS, IDBI, Supreme Ind., Mindtree, Rallis, V-Guard, Infotech, Axis Bank, Bajaj Finance, Kotak Mahindra Bank
 
    Trading/ Investment Ideas
Technical Calls
Company
Name
Recommendation CMP Initiation
Range
Stop
loss
Target Time
Frame
ZEEL BUY 241.85 238-239 235 250 3-5 DAYS
 
Derivatives Call
Company
Name
Recommendation CMP Initiation
Range
Stop
loss
Target Time
Frame
ACC BUY JUL FUT 1279.60 1270-1273 1252 1305 3-5 DAYS
 
Fundamental Picks for delivery (1 - 2 Years)
Large Caps ACC, Bajaj-Auto, HCL Tech, HUL, M&M, NTPC,
Sun Pharma, Lupin, ITC, L&T, TCS, Adani Ports&SEZ
Midcaps & Small Caps GCPL, Bata India, Shriram Transport Finance,
M&M Financial Services, Havells India, Bajaj Corp Ltd, LIC housing, Yes Bank
Note – For our running recommendations and past performance, please click here
    Market Roundup
 
Immense volatility was witnessed in late trade as the key benchmark indices rebounded sharply from lower levels to end with modest gains. The government's decision on 16 July 2013, to relax overseas-investment rules for a number of sectors boosted sentiment. FMCG major Hindustan Unilever surged on reports that the company has raised prices of several personal care products. ITC, Dabur India and Nestle India hit record high. Bank stocks fell for second day in a row as RBI's recent measures to tighten liquidity in the banking system will make it costlier for banks and financial companies to raise short-term funds. Private sector HDFC Bank fell after announcing Q1 results.
 
Regenerate OTP
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