22 Sep 2017 | 9:27 AM
Research Report
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Equity Research Report: Religare Morning Digest

We expect Nifty to trade with a negative bias,5220-5180 will act as crucial support levels in the near term.
22 Aug 2013 | 07:00 AM

    Highlights for Today
Market Outlook for the day - We expect Nifty to trade with a negative bias,5220-5180 will act as crucial support levels in the near term.
Key Indices – Levels to watch out for the day
INDEX (Spot) RESISTANCE 2 RESISTANCE 1 LTP SUPPORT 1 SUPPORT 2
SENSEX 18260 18060 17905.91 17750 17600
NIFTY 5420 5355 5302.55 5250 5220
BANK NIFTY 9560 9430 9264.40 9090 8860
CNXIT 7700 7650 7594.05 7550 7470
 
Corporate News

Financial Technologies fell 7.77% on NSE after the company's subsidiary National Spot Exchange on Tuesday, 20 August 2013, defaulted on payments to its investors.

Everonn Education said that its board approved a debt restructuring plan through a scheme of arrangement with the creditors.

Jaiprakash Power Ventures is looking to sell stake in its two hydro-power projects in Himachal Pradesh.

Uttam Galva Steels Ltd, the country’s second largest galvanized steel manufacturer, has approached the Government to surrender its two special economic zones (SEZs) in Maharashtra.

McNally Bharat Engineering Co Ltd has obtained a Rs 532-crore contract from Damodar Valley Corporation (DVC) for civil and structural work, as well as chimney and elevator construction package at the energy company’s proposed thermal power project in West Bengal.

Maruti Suzuki India launched its new hatchback Stingray priced at Rs 4,09,999-Rs 4,66,999 (ex-showroom, New Delhi).
 
    Trading/ Investment Ideas
Technical Calls
Company
Name
Recommendation CMP Initiation
Range
Stop
loss
Target Time
Frame
HEROMOTOCO SELL FUT 1835.45 1845-1850 1885 1750 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 fell for the fourth straight day. Market dropped in choppy trade as the rupee hit record low below 64 against the dollar on rising expectations that the US Federal Reserve will soon start withdrawing its monetary stimulus to the US economy. Weakness in European stocks also dampened sentiment. Market opened positive in the morning trade and off highs during the afternoon trade. The market extended intraday losses as rupee weakened past 64 against the dollar to hit a record low. The market breadth was negative.