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05 Dec 2016 | 11:04 AM
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Equity Research Report: Religare Morning Digest

Nifty has strong hurdle around 8400-8450 mark so traders should uphold cautious approach despite positive underlying trend and trail stop loss with every rise.
20 Oct 2015 | 07:00 AM

    Highlights for Today
 
Market Outlook for the day -Nifty has strong hurdle around 8400-8450 mark so traders should uphold cautious approach despite positive underlying trend and trail stop loss with every rise.
Key Indices – Levels to watch out for the day
INDEX (Spot) RESISTANCE 2 RESISTANCE 1 LTP SUPPORT 1 SUPPORT 2
SENSEX 27750 27540 27364.92 27180 27000
NIFTY 8400 8335 8275.05 8240 8190
BANKNIFTY 18165 18000 17855.05 17750 17600
CNX-IT 11675 11550 11432.15 11300 11140
News -
  • HCL Technologies today reported 2.7 per cent drop in consolidated net profit at Rs. 1,823 crore for the first quarter ended September 30, 2015. The company had posted a net profit of Rs. 1,873 crore in the year-ago period. Consolidated revenues grew 15.6 per cent to Rs. 10,097 crore (ex-adjustment) in July-September of this fiscal as against Rs. 8,735 crore in the same quarter of the previous fiscal.
  • UltraTech Cement consolidated net profit rose 3.14% to Rs 427 crore on 4.02% rise in net sales to Rs 5951 crore in Q2 September 2015 over Q2 September 2014.
 
    Trading/ Investment Ideas
Technical Calls
Company
Name
Recommendation CMP Initiation
Range
Stop
loss
Target Time
Frame
EMAMILTD BUY 1121.70 1100 - 1110 1075 1200 3-5 Days
GLENMARK BUY 1039.80 1035 - 1045 1005 1140 3-5 Days
 
Derivatives Call
Company
Name
Recommendation CMP Initiation
Price
Stop
loss
Target Time
Frame
HEROMOTOCO BUY FUTS 2616.80 2613 2575 2690 3-5 Days
 
Fundamental Picks for delivery ( 9 Months - 1 Year)
Company
Name
Recommendation CMP Initiation
Range
Target
KOTAKBANK BUY 658.35 705.10 900
Note – For our running recommendations and past performance, please click here
Research Disclaimer
 
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