19 Oct 2017 | 8:20 PM
Research Report
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Equity Research Report: Religare Morning Digest

We believe, 8520 spot is crucial resistance level and sustenance above the same is vital for further up move towards 8600 plus levels.
18 Aug 2015 | 07:00 AM

    Highlights for Today
 
Market Outlook for the day -We believe, 8520 spot is crucial resistance level and sustenance above the same is vital for further up move towards 8600 plus levels.
Key Indices – Levels to watch out for the day
INDEX (Spot) RESISTANCE 2 RESISTANCE 1 LTP SUPPORT 1 SUPPORT 2
SENSEX 28130 28010 27878.27 27700 27575
NIFTY 8560 8520 8477.30 8420 8380
BANKNIFTY 19150 19000 18822.05 18660 18500
CNX-IT 12300 12150 12001.75 11900 11770
News -
  • Birla Corporation announced that it has agreed to acquire two cement units of Lafarge India for about 750 million Swiss francs ($768 million). The sale of assets, including the two cement plants operated by Lafarge India with a combined annual capacity of 5.15 million tonnes, was part of the agreement.
  • Punj Lloyd reported net loss to Rs. 597.84 crore for the April-June quarter. The company had reported a net loss of Rs. 363.92 crore for the first quarter of the previous fiscal.
  • Shares of state-run oil marketing companies fell after announcing reduction in petrol and diesel prices.
    Trading/ Investment Ideas
Technical Calls
Company
Name
Recommendation CMP Initiation
Range
Stop
loss
Target Time
Frame
DABUR BUY 302.9 299-302 292 322 3-5 Days
PIDILITIND BUY 582.25 578– 585 565 625 3-5 Days
 
Derivatives Call
Company
Name
Recommendation CMP Initiation
Price
Stop
loss
Target Time
Frame
SBIN BUY 285 CE 5.10 5.2-5.4 0.6 9 3-5 Days
SELL 295 CE 2.60 2.6-2.8
 
Fundamental Picks for delivery ( 9 Months - 1 Year)
Company
Name
Recommendation CMP Initiation
Range
Target
DISHTV BUY 118.95 106.70 128
Note – For our running recommendations and past performance, please click here
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