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10 Dec 2016 | 10:52 AM
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Equity Research Report: Religare Morning Digest

The bias is still in the favor of further up move but due to existence of major hurdle around 8400 in Nifty, traders are advised to maintain positive yet cautious stance and suggest trailing stop losses with every rise.
21 Oct 2015 | 07:00 AM

    Highlights for Today
 
Market Outlook for the day -The bias is still in the favor of further up move but due to existence of major hurdle around 8400 in Nifty, traders are advised to maintain positive yet cautious stance and suggest trailing stop losses 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 27306.83 27180 27000
NIFTY 8400 8335 8261.65 8220 8180
BANKNIFTY 18165 18000 17830.25 17750 17600
CNX-IT 11800 11675 11529.60 11400 11260
News -
  • Kajaria Ceramics reported a 47.79% increase in consolidated net profit at Rs. 58.75 crore for the quarter ended September 30, 2015.
  • Jyothy Laboratories Ltd reported 54.3% increase in consolidated net profit at Rs. 38.77 crore for the second quarter ended September 30, 2015-16.
  • Jubilant Life Sciences received ANDA final approval from the US FDA for Rizatriptan Benzoate orally disintegrating tablets.
  • Oriental Bank of Commerce intends to raise Tier II capital through private placement of Basel III compliant Tier 2 bonds.
 
    Trading/ Investment Ideas
Technical Calls
Company
Name
Recommendation CMP Initiation
Range
Stop
loss
Target Time
Frame
MINDTREE BUY 1476.6 1465 - 1470 1430 1550 3-5 Days
ONGC SELL OCT FUT 253.00 255 - 256 266 234 3-5 Days
 
Derivatives Call
Company
Name
Recommendation CMP Initiation
Price
Stop
loss
Target Time
Frame
COLPAL BUY FUTS 937.30 932 918 960 3-5 Days
 
Fundamental Picks for delivery ( 9 Months - 1 Year)
Company
Name
Recommendation CMP Initiation
Range
Target
KOTAKBANK BUY 654.05 705.10 900
Note – For our running recommendations and past performance, please click here
Research Disclaimer
 
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