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09 Dec 2016 | 5:45 AM
Research Report
Daily

Equity Research Report: Religare Morning Digest

We expect further consolidation in Nifty ahead and hence suggest maintaining stock specific trading approach.
21 Apr 2016 | 07:00 AM

    Religare Morning Digest – Highlights for today
 
Market Outlook for the day -We expect further consolidation in Nifty ahead and hence suggest maintaining stock specific trading approach.
Key Indices – Levels to watch out for the day
INDEX (Spot) RESISTANCE 2 RESISTANCE 1 LTP SUPPORT 1 SUPPORT 2
SENSEX 26260 26075 25844.18 25625 25470
NIFTY 8060 8000 7914.75 7850 7800
NIFTYBANK 16660 16500 16349.70 16160 16000
NIFTYIT 11870 11720 11552.75 11480 11355
News -
  • Supreme Petrochem net profit jumped 165.41% to Rs 54.33 crore on 22.91% growth in net total income from operations to Rs 812.43 crore in Q3 March 2016 over Q3 March 2015.
  • TV18 Broadcast net profit declined 13.57% to Rs 82.51 crore on 3.59% growth in total income to Rs 682.15 crore in Q4 March 2016 over Q4 March 2015.
  • National Aluminium Company lost 2.99% to Rs 44.20 after the company said that due to unavoidable reasons the meeting of board of directors scheduled to be held on 22 April 2016 to consider buyback of shares has been postponed.
    Trading/ Investment Ideas
Technical Calls
Company
Name
Recommendation CMP Initiation
Range
Stop
loss
Target Time
Frame
GAIL BUY 367.65 365-370 356 400 3-5 Days
MOTHERSUMI BUY 268.70 265-266 254 295 3-5 Days
 
Derivatives Call
Company
Name
Recommendation CMP Initiation
Price
Stop
loss
Target Time
Frame
AXISBANK BUY APR 470 CE 5.40 4.25-4.75 2 9 3-5 Days
 
Fundamental Picks for delivery (9 Months - 1 Year)
Company
Name
Recommendation CMP Initiation
Range
Target
ATULAUTO BUY 555.40 506.00 580
JYOTHYLAB BUY 307.95 272.40 330
SUPREMEIND BUY 800.10 699.30 840
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.
Research Disclaimer
Regenerate OTP
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