17 Jan 2019 | 4:55 AM
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Equity Research Report: Religare Morning Digest

Monsoon, is the major event on the domestic front which will dictate market movement. So, traders should focus more on agri. and consumption based stocks alongside with other cyclical counters for short term trades.
21 Jun 2016 | 07:00 AM

    Religare Morning Digest – Highlights for today
 
Market Outlook for the day -Monsoon, is the major event on the domestic front which will dictate market movement. So, traders should focus more on agri. and consumption based stocks alongside with other cyclical counters for short term trades.
Key Indices – Levels to watch out for the day
INDEX (Spot) RESISTANCE 2 RESISTANCE 1 LTP SUPPORT 1 SUPPORT 2
SENSEX 27220 27050 26866.92 26690 26500
NIFTY 8350 8300 8238.50 8180 8120
NIFTYBANK 18000 17840 17718.60 17540 17360
NIFTYIT 11740 11620 11506.60 11390 11275
News -
  • The government has allowed 100% FDI in aviation for scheduled carriers. Also, 100% FDI has been approved in greenfield pharma projects and 74% in brownfield projects. Changes in FDI policy were welcomed by the Aviation and Pharma industry and stocks surged 5-10%.
  • Eros International announced a television syndication deal for their new and catalogue films with Zee network. The films comprise a number of catalogue films from Eros International’s vast movie library and also pre-sales for a few forthcoming films. The deal will be a win-win for both the companies as Eros International association with Zee, gives it bigger platform to reach viewers. On the other hand, Zee will get access to Eros’s rich movie library.
  • Suzlon has entered into a pact with CLP India for a 100 mw solar project at Veltoor in Telangana. The project will start in May 17 and will be a mix of 80:20 debt equity. CLP India, a subsidiary of Hong Kong based power company CLP, has 49% stake in SE Solar.
    Trading/ Investment Ideas
Technical Calls
Company
Name
Recommendation CMP Initiation
Range
Stop
loss
Target Time
Frame
GODREJIND BUY 369.30 360-362 350 385 3-5 Days
MOTHETSUMI BUY 295.35 292-294 282 320 3-5 Days
 
Derivatives Call
Company
Name
Recommendation CMP Initiation
Price
Stop
loss
Target Time
Frame
BANKNIFTY BUY 18000 23rd JUNE CE 40 30-34 15 80 3-5 Days
 
Fundamental Picks for delivery (9 Months - 1 Year)
Company
Name
Recommendation CMP Initiation
Range
Target
ATULAUTO BUY 490.00 506.00 580
JYOTHYLAB BUY 298.50 272.40 330
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