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10 Dec 2016 | 9:19 AM
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Equity Research Report: Religare Morning Digest

September month derivative contracts will expire coming Thursday, this will add volatility. Hence, we advise short-term traders to adopt stock-specific approach and hedge leveraged positions. From here on, 7700 spot will act as immediate support for the Nifty index.
23 Sep 2015 | 07:00 AM

    Highlights for Today
 
Market Outlook for the day -September month derivative contracts will expire coming Thursday, this will add volatility. Hence, we advise short-term traders to adopt stock-specific approach and hedge leveraged positions. From here on, 7700 spot will act as immediate support for the Nifty index.
Key Indices – Levels to watch out for the day
INDEX (Spot) RESISTANCE 2 RESISTANCE 1 LTP SUPPORT 1 SUPPORT 2
SENSEX 26100 25885 25651.84 25450 25250
NIFTY 7960 7890 7812.00 7750 7680
BANKNIFTY 17575 17280 17031.15 16780 16600
CNX-IT 12030 11850 11705.55 11580 11420
News -
  • Infosys bagged a contract worth $209 million from the Government to build and maintain the technology network crucial for implementing the proposed goods and services tax system across the country.
  • MMTC's board of directors approved the proposal for sale of 10% stake in Indian Commodity Exchange (ICEX). MMTC will sell 5% each in ICEX to the two bidders who participated in the global tender for the stake sale. The stake sale is subject to the approval by the Government and Forward Markets Commission. MMTC currently holds 26% in ICEX.
 
    Trading/ Investment Ideas
Technical Calls
Company
Name
Recommendation CMP Initiation
Range
Stop
loss
Target Time
Frame
INFRATEL BUY 415.15 405 - 410 395 440 3-5 Days
VEDL SELL OCT FUT 92.35 93 - 94 97 85 3-5 Days
 
Derivatives Call
Company
Name
Recommendation CMP Initiation
Price
Stop
loss
Target Time
Frame
NIFTY BUY SEPT 7800 PE 70 62 45 84 3-5 Days
 
Fundamental Picks for delivery ( 9 Months - 1 Year)
Company
Name
Recommendation CMP Initiation
Range
Target
KOTAKBANK BUY 642.70 705.10 900
Note – For our running recommendations and past performance, please click here
Research Disclaimer
 
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