23 Jun 2017 | 11:03 PM
Research Report
Daily

Equity Research Report: Religare Morning Digest

Nifty index is currently struggling around its key hurdle of 7950, sustainability above the same would lead towards 8200 mark in the coming sessions.
22 Sep 2015 | 07:00 AM

    Highlights for Today
 
Market Outlook for the day -Nifty index is currently struggling around its key hurdle of 7950, sustainability above the same would lead towards 8200 mark in the coming sessions.
Key Indices – Levels to watch out for the day
INDEX (Spot) RESISTANCE 2 RESISTANCE 1 LTP SUPPORT 1 SUPPORT 2
SENSEX 26600 26450 26192.98 26030 25800
NIFTY 8100 8050 7977.10 7920 7850
BANKNIFTY 17930 17750 17542.90 17360 17150
CNX-IT 12030 11850 11724.05 11580 11420
News -
  • Motherson Sumi shares fell 8% after the auto component maker's biggest client Volkswagen admitted to fudging emission norms for diesel cars in the US. Of Motherson Sumi's revenue pie, 40% comes from the Volkswagen group.
  • Bain Capital has acquired a 10.3% stake in non-banking-finance company L&T Finance in two separate deals for about Rs 1370 cr which will provide it a board seat on the NBFC.
  • Steel Strips Wheels has tied up with South Korea's Kalink Co to come up with a new alloy wheel manufacturing facility in Gujarat.
 
    Trading/ Investment Ideas
Technical Calls
Company
Name
Recommendation CMP Initiation
Range
Stop
loss
Target Time
Frame
APOLLOTYRE BUY 193.40 190 - 192 186 205 3-5 Days
TITAN SELL OCT FUT 318.45 322 - 324 333 300 3-5 Days
 
Derivatives Call
Company
Name
Recommendation CMP Initiation
Price
Stop
loss
Target Time
Frame
AMBUJACEM BUY SEP FUTS 210.30 207 198 226 3-5 Days
 
Fundamental Picks for delivery ( 9 Months - 1 Year)
Company
Name
Recommendation CMP Initiation
Range
Target
KOTAKBANK BUY 665.45 705.10 900
Note – For our running recommendations and past performance, please click here
Research Disclaimer