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09 Dec 2016 | 9:15 PM
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Equity Research Report: Religare Morning Digest

Nifty is trading around crucial levels, 7200 spot is major support and break below the same can lead to panic selling.
22 Jan 2016 | 07:00 AM

    Highlights for Today
 
Market Outlook for the day -Nifty is trading around crucial levels, 7200 spot is major support and break below the same can lead to panic selling.
Key Indices – Levels to watch out for the day
INDEX (Spot) RESISTANCE 2 RESISTANCE 1 LTP SUPPORT 1 SUPPORT 2
SENSEX 24500 24200 23962.21 23850 23670
NIFTY 7420 7330 7276.80 7240 7200
NIFTYBANK 15500 15300 15101.20 14925 14750
NIFTYIT 11250 11070 10934.70 10800 10690
News -
  • Alembic Pharmaceuticals consolidated net profit jumped 281.38% to Rs 269.49 crore on 80.6% rise in total income to Rs 924.53 crore in Q3 December 2015 over Q3 December 2014.
  • Hindustan Zinc net profit fell 24% to Rs 1811 crore on 11% decline in revenue to Rs 3385 crore in Q3 December 2015 over Q3 December 2014.
  • Natco Pharma Ltd has entered into a non-exclusive, royalty-free agreement with Medicines Patent Pool (MPP) and Bristol Myers Squibb to manufacture and sell generic version of Bristol Myers Squibb’s chronic hepatitis c medicine, Daclatasvir Dihydrochloride (Daclatasvir).
 
    Trading/ Investment Ideas
Technical Calls
Company
Name
Recommendation CMP Initiation
Range
Stop
loss
Target Time
Frame
HEROMOTOCO SELL FEB FUT 2485.65 2500-2510 2570 2380 3-5 Days
 
Derivatives Call
Company
Name
Recommendation CMP Initiation
Price
Stop
loss
Target Time
Frame
BANKNIFTY BUY 1 LOT JAN 14500 PE 47.50 45 - 120 3-5 Days
SELL 3 LOTS 14300 JAN PE 26.90 30
 
Fundamental Picks for delivery ( 9 Months - 1 Year)
Company
Name
Recommendation CMP Initiation
Range
Target
NDL BUY 124.50 150 183
Note – For our running recommendations and past performance, please click here
Research Disclaimer
 
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