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05 Dec 2016 | 6:36 AM
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Equity Research Report: Religare Morning Digest

We reiterate our cautious view and suggest traders to prefer option strategies to trade in index at current level. Things are no different on stock specific front so maintain positions in both direction but avoid overleveraging.
18 Nov 2015 | 07:00 AM

    Highlights for Today
 
Market Outlook for the day - We reiterate our cautious view and suggest traders to prefer option strategies to trade in index at current level. Things are no different on stock specific front so maintain positions in both direction but avoid overleveraging.
Key Indices – Levels to watch out for the day
INDEX (Spot) RESISTANCE 2 RESISTANCE 1 LTP SUPPORT 1 SUPPORT 2
SENSEX 26120 25960 25864.47 25690 25500
NIFTY 7920 7865 7837.55 7780 7720
BANKNIFTY 17520 17360 17140.45 16975 16790
CNX-IT 11300 11175 11035.10 10900 10790
News -
  • HCL Technologies has signed an Application Development and Maintenance contract with Deutsche Bank. HCL will provide digital solutions, systems integration, product implementation and design, build and test new applications in addition to the ongoing application maintenance and support services.
  • Sugar companies jumped on BSE as a shortage in sugar supplies globally is expected to aid domestic sugar prices and help clock modest increase in realisations.
  • Shasun Pharmaceuticals received approval from the United States Food & Drug Administration for Carisoprodol Tablets 250 mg and 350 mg.
 
    Trading/ Investment Ideas
Technical Calls
Company
Name
Recommendation CMP Initiation
Range
Stop
loss
Target Time
Frame
GLENMARK BUY 972.65 960 - 965 930 1050 3-5 Days
CANBK SELL NOV FUT 276.65 278 - 280 288 255 3-5 Days
 
Derivatives Call
Company
Name
Recommendation CMP Initiation
Price
Stop
loss
Target Time
Frame
CENTURYTEX BUY 580 CE 8.20 7 5 13 3-5 Days
 
Fundamental Picks for delivery ( 9 Months - 1 Year)
Company
Name
Recommendation CMP Initiation
Range
Target
DIVISLAB BUY 1124.25 1189.60 1305
Note – For our running recommendations and past performance, please click here
Research Disclaimer
 
Regenerate OTP
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