20 Nov 2017 | 5:55 AM
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Equity Research Report: Religare Morning Digest

Despite Friday’s fall, we uphold our positive bias and expect Nifty to test 8000 in near future. Traders should maintain buy on dips approach but stick only to the quality names.
21 Dec 2015 | 07:00 AM

    Highlights for Today
 
Market Outlook for the day -Despite Friday’s fall, we uphold our positive bias and expect Nifty to test 8000 in near future. Traders should maintain buy on dips approach but stick only to the quality names.
Key Indices – Levels to watch out for the day
INDEX (Spot) RESISTANCE 2 RESISTANCE 1 LTP SUPPORT 1 SUPPORT 2
SENSEX 25900 25720 25519.22 25380 25250
NIFTY 7880 7825 7761.95 7720 7680
BANKNIFTY 16920 16750 16594.30 16465 16300
CNX-IT 11370 11260 11122.50 11030 10900
News -
  • The Union Government will stick to its budgeted fiscal deficit target of 3.9 per cent of GDP for the fiscal year ending in March 2016 : Finance Ministry
  • The mid-year economic analysis has forecast a GDP growth of 7-7.5% this fiscal. This is however lower than the 8.1-8.5% growth projected in February in the Economic Survey.
  • M&M to launch new SUV named KUV 100 on Jan 15, 2016.
 
    Trading/ Investment Ideas
Technical Calls
Company
Name
Recommendation CMP Initiation
Range
Stop
loss
Target Time
Frame
DHFL BUY 229.10 224-226 218 242 3-5 Days
KEC BUY 160.10 155-156 149 172 3-5 Days
 
Derivatives Call
Company
Name
Recommendation CMP Initiation
Price
Stop
loss
Target Time
Frame
NIFTY SELL JAN 7600 PE 62 69 NA 90 3-5 Days
SELL JAN 8000 CE 64.50 64
 
Master Pick (1-2 Months)
Company
Name
Recommendation CMP Initiation
Range
Stop
loss
Target
UPL BUY 422.15 415-423 388 510
To read complete report, please click here
 
Fundamental Picks for delivery ( 9 Months - 1 Year)
Company
Name
Recommendation CMP Initiation
Price
Target
HERITGFOOD BUY 579.75 525 640
Note – For our running recommendations and past performance, please click here
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