20 Oct 2017 | 8:27 PM
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Equity Research Report: Religare Morning Digest

There are higher chances of a bounce back towards 5480-5500 levels in the coming trading sessions.
21 Aug 2013 | 07:00 AM

    Highlights for Today
Market Outlook for the day - There are higher chances of a bounce back towards 5480-5500 levels in the coming trading sessions.
Key Indices – Levels to watch out for the day
INDEX (Spot) RESISTANCE 2 RESISTANCE 1 LTP SUPPORT 1 SUPPORT 2
SENSEX 18540 18400 18246.04 18090 17940
NIFTY 5500 5450 5401.45 5350 5300
BANK NIFTY 9480 9360 9218.95 9060 8860
CNXIT 7770 7730 7693.50 7670 7630
 
Corporate News

Hexaware Technology tumbled 8% on media reports that Baring Private Equity Partners Asia is set to buy Hexaware in a deal estimated at about $400 million.

Essar Oil was locked at 5% lower circuit at Rs 63.20 on profit booking after gaining 40.3% in prior seven trading sessions.

McNally Bharat Engineering Company has bagged an order for a thermal power project worth Rs 973 crore.

Titan Industries lost more than 7% with the stock extending recent slide triggered by the Reserve Bank of India issuing circular on gold import norms.

Videocon Industries closed in green after the government banned duty-free import of flat screen television by air travellers in its latest effort to narrow the country's current-account deficit.

Unitech spurted more than 7% on reports that the company has shortlisted two buyers to bid for its 3.6 million square feet IT special economic zone in Gurgaon near Delhi.
 
    Trading/ Investment Ideas
Technical Calls
Company
Name
Recommendation CMP Initiation
Range
Stop
loss
Target Time
Frame
ABIRLANUVO BUY 1106.8 1100-1105 1085 1160 3-5 DAYS
 
Derivatives Call
Company
Name
Recommendation CMP Initiation
Range
Stop
loss
Target Time
Frame
LT BUY 740 CE & SELL 760 CE 6.5 - 1 18 3-5 DAYS
 
Fundamental Picks for delivery (1 - 2 Years)
Large Caps ACC, Bajaj-Auto, HCL Tech, HUL, M&M, NTPC, Sun Pharma, Lupin, ITC,
L&T, TCS, Adani Ports&SEZ
Midcaps & Small Caps GCPL, Bata India, Shriram Transport Finance,
M&M Financial Services, Havells India, Bajaj Corp Ltd, LIC housing, Yes Bank
Note – For our running recommendations and past performance, please click here
    Market Roundup
 
Key benchmark indices declined for the third straight trading session. Market edged lower on rising expectations that the US Federal Reserve will soon start withdrawing its monetary stimulus to the US economy. But, the market trimmed losses after an initial sharp slide. Stocks fell across emerging markets as investors prepare for a winding down of the Federal Reserve's easy money policies. The rupee hit record low against the dollar and many other Asian currencies fell on concern capital outflows will accelerate. The market breadth was positive.