29 May 2017 | 8:12 PM
Research Report
Daily

Equity Research Report: Religare Morning Digest

The overall trend is positive so any correction or decline should be considered as buying opportunity till Nifty trades above 7700.
20 Apr 2016 | 07:00 AM

    Religare Morning Digest – Highlights for today
 
Market Outlook for the day -The overall trend is positive so any correction or decline should be considered as buying opportunity till Nifty trades above 7700.
Key Indices – Levels to watch out for the day
INDEX (Spot) RESISTANCE 2 RESISTANCE 1 LTP SUPPORT 1 SUPPORT 2
SENSEX 26260 26075 25816.36 25625 25470
NIFTY 8060 8000 7914.70 7850 7800
NIFTYBANK 16600 16400 16222.70 16000 15830
NIFTYIT 11870 11720 11597.25 11485 11355
News -
  • Wholesale inflation (WPI) for the month of March came in -0.85% year-on-year, compared to -0.91% in February.
  • JK Tyre & Industries has completed the acquisition of Cavendish Industries Ltd (CIL), which houses three tyre business undertakings of Birla Tyres at a value of Rs. 2,200 crore. The plants are located at Laksar (Haridwar), which manufactures a range of tyres, tubes and flaps.
  • Inox Wind Ltd has bagged two orders for a cumulative capacity of 100 MW from country’s one of the leading renewable energy independent power producers.
    Trading/ Investment Ideas
Technical Calls
Company
Name
Recommendation CMP Initiation
Range
Stop
loss
Target Time
Frame
GODREJCP BUY 1377.35 1360-1370 1330 1450 3-5 Days
DISHMAN BUY 360.25 358-360 348 382 3-5 Days
 
Derivatives Call
Company
Name
Recommendation CMP Initiation
Price
Stop
loss
Target Time
Frame
BIOCON BUY APR 570 CE 6.95 6-6.50 3 15 3-5 Days
 
Fundamental Picks for delivery (9 Months - 1 Year)
Company
Name
Recommendation CMP Initiation
Range
Target
ATULAUTO BUY 562.60 506.00 580
JYOTHYLAB BUY 307.10 272.40 330
SUPREMEIND BUY 771.85 699.30 840
Note – For our running recommendations and past performance, please click here
**Please note that the given technical and derivative recommendations are "valid for taking position" if they trades within the given range on the recommended date.
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