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09 Dec 2016 | 4:40 PM
Research Report
Daily

Equity Research Report: Religare Morning Digest

We are seeing this rebound of last two sessions as merely a technical bounce and will uphold our negative view till Nifty sustains below 7300.
19 Feb 2016 | 07:00 AM

    Religare Morning Digest – Highlights for today
 
Market Outlook for the day -We are seeing this rebound of last two sessions as merely a technical bounce and will uphold our negative view till Nifty sustains below 7300.
Key Indices – Levels to watch out for the day
INDEX (Spot) RESISTANCE 2 RESISTANCE 1 LTP SUPPORT 1 SUPPORT 2
SENSEX 24075 23850 23649.22 23450 23220
NIFTY 7300 7250 7191.75 7125 7050
NIFTYBANK 14750 14520 14298.15 14175 13980
NIFTYIT 10930 10800 10702.25 10560 10400
News -
  • Cipla announced that its UK arm Cipla (EU) has completed the transaction to acquire two US-based companies, InvaGen Pharmaceuticals Inc., and Exelan Pharmaceuticals Inc.
  • Bharat Heavy Electricals Ltd has commissioned a 270-MW coal-based thermal power project of GVK Group in Punjab.
  • Moody’s Investors Service said that Indian economy will grow at 7.5% in 2016 and 2017 as it is relatively less exposed to external headwinds, like China slowdown, and will benefit from lower commodity prices.
 
    Trading/ Investment Ideas
Technical Calls
Company
Name
Recommendation CMP Initiation
Range
Stop
loss
Target Time
Frame
CADILAHC BUY 322.40 314-316 305 340 3-5 Days
CAIRN SELL FEB FUT 130.60 132-134 137 122 3-5 Days
 
Derivatives Call
Company
Name
Recommendation CMP Initiation
Price
Stop
loss
Target Time
Frame
TCS BUY 2350 CE 11.20 8-9 3 20 3-5 Days
 
Fundamental Picks for delivery (9 Months - 1 Year)
Company
Name
Recommendation CMP Initiation
Range
Target
SMLISUZU BUY 747.95 869 1150
JYOTHYLAB BUY 274.00 272.40 330
SUPREMEIND BUY 700.15 699.30 840
Note – For our running recommendations and past performance, please click here
Research Disclaimer
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