20 Feb 2017 | 10:09 PM
Research Report
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Equity Research Report: Religare Morning Digest

Market Outlook for the day – Till Nifty is sustaining above 6100 level on a closing basis, bias will be in favor of the bulls.
19 Dec 2013 | 07:00 AM

    Highlights for Today
Market Outlook for the day - Till Nifty is sustaining above 6100 level on a closing basis, bias will be in favor of the bulls.
Key Indices – Levels to watch out for the day
INDEX (Spot) RESISTANCE 2 RESISTANCE 1 LTP SUPPORT 1 SUPPORT 2
SENSEX 21200 21000 20859.86 20740 20600
NIFTY 6330 6270 6217.15 6180 6130
BANK NIFTY 11700 11570 11357.90 11250 11100
CNXIT 9300 9200 9167.90 9130 9080
 
Corporate News

Aurobindo Pharma jumped 5.58% to Rs 374 on BSE, extending recent gains triggered by the company receiving the final approval from USFDA to manufacture and market a generic medicine in the United States.

Larsen & Toubro’s power transmission vertical has bagged a Rs 2,935 crore order for setting up transmission and distribution network in Qatar.

Tata Steel rose 1.7% to Rs 415 on BSE after a media report suggested that the company has put its Borivli manufacturing facility up for sale.

PI Industries rose 1.47% to Rs 245 on BSE after a block deal of 4 lakh shares was executed in the counter on BSE at Rs 250 per share.

Biocon surged 11.7% to Rs 438 on BSE after the company said it has entered into a licensing & collaboration agreement with Quark Pharmaceuticals, Inc. for the development of a range of small interfering RNA based novel therapeutics.

RBI Monetary Policy

Faced with slowing growth and rising inflation, the Reserve Bank of India has chosen to keep its key policy rates unchanged in the mid-quarter monetary policy review. On Wednesday, the RBI kept its policy repo rate unchanged at 7.75 per cent; and the cash reserve ratio (CRR) unchanged at 4.0 per cent of net demand and time liability (NDTL).
 
    Trading/ Investment Ideas
Technical Calls
Company
Name
Recommendation CMP Initiation
Range
Stop
loss
Target Time
Frame
PTC BUY 63.3 61-62 60 66 3-5 DAYS
 
Derivatives Call
Company
Name
Recommendation CMP Initiation
Range
Stop
loss
Target Time
Frame
ASIANPAINT BUY DEC FUT 499.05 493-495 488 512 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
 
Key benchmark indices surged after the Reserve Bank of India (RBI)'s surprise decision to keep its main lending rate viz. the repo rate unchanged at 7.75% after mid-quarter monetary policy review. BSE Sensex, and the CNX Nifty, both, hit their hit their highest level in almost a week. Firmness continued on the bourses in afternoon trade. Key benchmark indices held firm in mid-afternoon trade as European stocks edged higher in early trade there. Pharma stocks rose on renewed buying. Aurobindo Pharma hit record high. The market breadth, indicating the overall health of the market, was strong.