23 Oct 2017 | 8:41 AM
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Equity Research Report: Religare Morning Digest

We have reached closer to our target of 7800 in Nifty and expect that to be tested shortly. For fresh buying, prefer quality counters from the Midcap and Smallcap space as they’ll outshine the index majors in near future.
22 Mar 2016 | 07:00 AM

    Religare Morning Digest – Highlights for today
 
Market Outlook for the day -We have reached closer to our target of 7800 in Nifty and expect that to be tested shortly. For fresh buying, prefer quality counters from the Midcap and Smallcap space as they’ll outshine the index majors in near future.
Key Indices – Levels to watch out for the day
INDEX (Spot) RESISTANCE 2 RESISTANCE 1 LTP SUPPORT 1 SUPPORT 2
SENSEX 25600 25450 25285.37 25090 24900
NIFTY 7800 7760 7704.25 7640 7580
NIFTYBANK 16400 16150 15926.10 15680 15450
NIFTYIT 11420 11300 11193.85 11085 10980
News -
  • Mahindra & Mahindra said that Mahindra Powerol, a business of company's newly formed Mahindra Powertrain division, launched a new range of 125 Kilovolt amperes diesel generators.
  • Godrej Properties announced that it has created a dedicated real estate funds management business in India and Singapore viz. Godrej Fund Management.
  • VA Tech Wabag has bagged a $108-million (Rs 717 crore) order for establishing an integrated water supply system in Polgahawela, Sri Lanka.
    Trading/ Investment Ideas
Technical Calls
Company
Name
Recommendation CMP Initiation
Range
Stop
loss
Target Time
Frame
MAJESCO BUY 579.45 575-580 555 630 3-5 Days
PETRONET BUY 254.10 252-254 244 275 3-5 Days
 
Derivatives Call
Company
Name
Recommendation CMP Initiation
Price
Stop
loss
Target Time
Frame
GRANULES BUY MAR FUTS 122.35 117.5-119.5 115 130 3-5 Days
 
Fundamental Picks for delivery (9 Months - 1 Year)
Company
Name
Recommendation CMP Initiation
Range
Target
SMLISUZU BUY 765.25 869.00 1150
JYOTHYLAB BUY 286.90 272.40 330
SUPREMEIND BUY 791.30 699.30 840
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