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08 Dec 2016 | 1:47 PM
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Equity Research Report: Religare Morning Digest

Impact of Reliance Industries Q3 numbers will be seen in the opening trade of Wednesday. Technically, there is a possibility that bounce can extend till 7500-7550 levels in the near-term.
20 Jan 2016 | 07:00 AM

    Highlights for Today
 
Market Outlook for the day -Impact of Reliance Industries Q3 numbers will be seen in the opening trade of Wednesday. Technically, there is a possibility that bounce can extend till 7500-7550 levels in the near-term.
Key Indices – Levels to watch out for the day
INDEX (Spot) RESISTANCE 2 RESISTANCE 1 LTP SUPPORT 1 SUPPORT 2
SENSEX 24825 24650 24479.84 24300 24140
NIFTY 7550 7500 7435.10 7380 7330
NIFTYBANK 15750 15500 15269.65 15080 14850
NIFTYIT 11220 11085 10963.10 10850 10730
News -
  • HCL Technologies consolidated net profit rose 0.26% to Rs 1920.00 crore in the quarter ended December 2015. Sales rose 11.40% to Rs 10341.00 crore in the quarter ended December 2015.
  • Greenply Industries net profit rose 35.2% to Rs 35.34 crore on 8% growth in net sales to Rs 421.74 crore in Q3 December 2015 over Q3 December 2014.
  • Reliance Power consolidated net profit rose 38.26% to Rs 351.81 crore on 45.93% growth in total income to Rs 2665.68 crore in Q3 December 2015 over Q3 December 2014.
 
    Trading/ Investment Ideas
Technical Calls
Company
Name
Recommendation CMP Initiation
Range
Stop
loss
Target Time
Frame
AUROPHARMA BUY 821.20 815-820 795 870 3-5 Days
AMBUJACEM SELL JAN FUT 192.45 195-196 201 184 3-5 Days
 
Derivatives Call
Company
Name
Recommendation CMP Initiation
Price
Stop
loss
Target Time
Frame
NIFTY BUY FEB 7500 CE 139 130 58 104 3-5 Days
SELL FEB 7700 CE 60 52
 
Fundamental Picks for delivery ( 9 Months - 1 Year)
Company
Name
Recommendation CMP Initiation
Range
Target
NDL BUY 129.15 150 183
Note – For our running recommendations and past performance, please click here
Research Disclaimer
 
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