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Equity Research Report: Religare Morning Digest

Market Outlook for the day - Nifty is still looking strong and 6225-6250 are next important levels to look for on the higher side.
19 Nov 2013 | 07:00 AM

    Highlights for Today
Market Outlook for the day - Nifty is still looking strong and 6225-6250 are next important levels to look for on the higher side.
Key Indices – Levels to watch out for the day
INDEX (Spot) RESISTANCE 2 RESISTANCE 1 LTP SUPPORT 1 SUPPORT 2
SENSEX 21150 20970 20850.74 20700 20580
NIFTY 6290 6230 6189.00 6140 6100
BANK NIFTY 11340 11200 11142.30 11035 10940
CNXIT 9070 9010 8978.35 8920 8870
 
Corporate News

JK Tyre & Industries launched 10 new products for passenger cars, truck and light commercial vehicles, through which it targets to achieve Rs 300 crore in its topline in the next one year.

NTPC has terminated its Rs 700-crore contract with the Italian company Ansaldo for sourcing turbines for its gas-based plant at Dadri in Uttar Pradesh.

Suzlon Group reported that it will unveil its new offshore turbine, the Repower 6.2M152 at the EWEA Offshore 2013 being held at Frankfurt from Nov 19-21.
 
    Trading/ Investment Ideas
Technical Calls
Company
Name
Recommendation CMP Initiation
Range
Stop
loss
Target Time
Frame
MARUTI BUY 1629.35 1610-1620 1570 1710 3-5 DAYS
 
Derivatives Call
Company
Name
Recommendation CMP Initiation
Range
Stop
loss
Target Time
Frame
HINDUNILVR BUY NOV FUT 598.1 593-595 584 615 3-5 DAYS
 
Fundamental Picks for delivery (1 - 2 Years)
Large Caps Bajaj-Auto, HCL Tech, HUL, M&M, NTPC, Sun Pharma, Lupin, ITC, L&T, TCS, Adani Ports&SEZ
Midcaps & Small Caps Amara raja batteries, GCPL, Bata India, Shriram Transport Finance,
M&M Financial Services,  Havells India, Bajaj Corp Ltd, LIC housing, Yes Bank
Note – For our running recommendations and past performance, please click here
    Market Roundup
 
The markets started the week on a positive note and instilled the optimism. Key benchmark indices surged in early trade on positive Asian stocks. Key benchmark indices extended early gains in morning trade. ITC, L&T and ONGC edged higher from the Sensex pack. Realty stocks gained on renewed buying. IT stocks also continued the positive momentum.
Regenerate OTP
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