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11 Dec 2016 | 12:03 PM
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Equity Research Report: Religare Morning Digest

We are positive on Nifty and reiterate our immediate target of 8000 in near future.
22 Dec 2015 | 07:00 AM

    Highlights for Today
 
Market Outlook for the day - We are positive on Nifty and reiterate our immediate target of 8000 in near future.
Key Indices – Levels to watch out for the day
INDEX (Spot) RESISTANCE 2 RESISTANCE 1 LTP SUPPORT 1 SUPPORT 2
SENSEX 26065 25900 25735.90 25550 25400
NIFTY 7935 7880 7834.45 7765 7720
BANKNIFTY 17200 17030 16825.15 16645 16500
NIFTYIT 11475 11350 11224.75 11100 10980
News -
  • Mahindra & Mahindra rose 2.79% to Rs 1,278 on reports that the company is developing gasoline engines for its existing vehicles after the Supreme Court temporarily banned the sale of large diesel cars in New Delhi.
  • Kesoram board okays plan to raise Rs. 650 cr capital through qualified institutional placements (QIPs) of equities and /or any other financial instrument or security convertible into equity.
  • Strides Shasun has received approval from the Drug Controller General of India (DCGI) to produce a generic version of Gilead’s ‘Sovaldi’ used for treatment of Hepatitis C.
 
    Trading/ Investment Ideas
Technical Calls
Company
Name
Recommendation CMP Initiation
Range
Stop
loss
Target Time
Frame
CUB BUY 92.10 92 - 93 90 97 3-5 Days
BRITANNIA BUY 2943 2930 - 2950 2870 3120 3-5 Days
 
Derivatives Call
Company
Name
Recommendation CMP Initiation
Price
Stop
loss
Target Time
Frame
ICICIBANK BUY 260 CE 3.3 3 1.5 6 3-5 Days
 
Fundamental Picks for delivery ( 9 Months - 1 Year)
Company
Name
Recommendation CMP Initiation
Range
Target
HERITGFOOD BUY 578.30 525 640
Note – For our running recommendations and past performance, please click here
Research Disclaimer
 
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