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04 Dec 2016 | 8:07 PM
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Equity Research Report: Religare Morning Digest

We expect Nifty to test 8000 mark shortly but traders should uphold caution in stock selection. They should focus more on private banking, auto, IT and pharma space for long trades.
18 Dec 2015 | 07:00 AM

    Highlights for Today
 
Market Outlook for the day - We expect Nifty to test 8000 mark shortly but traders should uphold caution in stock selection. They should focus more on private banking, auto, IT and pharma space for long trades.
Key Indices – Levels to watch out for the day
INDEX (Spot) RESISTANCE 2 RESISTANCE 1 LTP SUPPORT 1 SUPPORT 2
SENSEX 26105 25975 25803.78 25620 25450
NIFTY 7940 7900 7844.35 7785 7730
BANKNIFTY 17100 16900 16741.50 16580 16400
NIFTYIT 11520 11370 11275.15 11180 11030
News -
  • Hindustan Unilever Ltd (HUL) has signed an agreement with Mosons Group to acquire its flagship brand Indulekha for Rs. 330 crore.
  • Aurobindo Pharma Ltd has announced that it has received final approval from the US Food & Drug Administration (USFDA) to manufacture and market Loperamide Hydrochloride Tablets, 2 mg.
  • Vivimed Labs said its board of directors would meet on 11 January 2016, to consider a stock-split proposal.
 
    Trading/ Investment Ideas
Technical Calls
Company
Name
Recommendation CMP Initiation
Range
Stop
loss
Target Time
Frame
DHFL BUY 228.6 222 - 224 215 242 3-5 Days
CROMPGREAV BUY 190.4 190 - 191 184 205 3-5 Days
 
Derivatives Call
Company
Name
Recommendation CMP Initiation
Price
Stop
loss
Target Time
Frame
NIFTY BUY 7900 CE 56 56 - 40 3-5 Days
SELL 2, 8000 CE 25.60 26
 
Fundamental Picks for delivery ( 9 Months - 1 Year)
Company
Name
Recommendation CMP Initiation
Range
Target
HERITGFOOD BUY 564.05 525 640
Note – For our running recommendations and past performance, please click here
Research Disclaimer
 
Regenerate OTP
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