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20 Jan 2017 | 10:02 AM
Research Report
Daily

Equity Research Report: Religare Morning Digest

We reiterate; fall and sustenance below 7400 spot will open the gates for 7250 in the coming sessions.
19 Jan 2016 | 07:00 AM

    Highlights for Today
 
Market Outlook for the day -We reiterate; fall and sustenance below 7400 spot will open the gates for 7250 in the coming sessions.
Key Indices – Levels to watch out for the day
INDEX (Spot) RESISTANCE 2 RESISTANCE 1 LTP SUPPORT 1 SUPPORT 2
SENSEX 24650 24410 24188.37 24000 23790
NIFTY 7500 7425 7351.00 7300 7230
NIFTYBANK 15500 15270 15020.80 14850 14680
NIFTYIT 11220 11085 10984.00 10850 10730
News -
  • Wipro posted 1.8% increase in its consolidated net profit to Rs. 2,234.1 crore for the quarter ended December 31, 2015.Its revenues up by 7.1% to Rs. 12,951.6 crore during the quarter from Rs. 12,085.1 in the same period last year.
  • Kotak Mahindra Bank net profit rose 36.63% to Rs 634.72 crore on 61.77% rise in total income to Rs 4843.86 crore in Q3 December 2015 over Q3 December 2014.
  • Asian Paints reported 25.82% jump in consolidated net profit to Rs. 463.28 crore for the quarter December 31, 2015 (YoY). The Company's consolidated revenue also grew by 13.9% to Rs. 4,160.03 crore (YoY).
 
    Trading/ Investment Ideas
Technical Calls
Company
Name
Recommendation CMP Initiation
Range
Stop
loss
Target Time
Frame
AMBUJACEM SELL JAN FUT 192 194-195 201 182 3-5 Days
 
Derivatives Call
Company
Name
Recommendation CMP Initiation
Price
Stop
loss
Target Time
Frame
NIFTY BUY FEB 7500 CE 120.05 120 45 96 3-5 Days
SELL FEB 7700 CE 53.80 57
 
Fundamental Picks for delivery ( 9 Months - 1 Year)
Company
Name
Recommendation CMP Initiation
Range
Target
NDL BUY 126.40 150 183
Note – For our running recommendations and past performance, please click here
Research Disclaimer
 
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