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08 Dec 2016 | 2:23 PM
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Equity Research Report: Religare Morning Digest

Decline witnessed in the later half on Friday reaffirms our negative view on Nifty index. Hence, we reiterate our advice to go short on every bounce till it upholds below 7930 level.
23 Nov 2015 | 07:00 AM

    Highlights for Today
 
Market Outlook for the day -Decline witnessed in the later half on Friday reaffirms our negative view on Nifty index. Hence, we reiterate our advice to go short on every bounce till it upholds below 7930 level.
Key Indices – Levels to watch out for the day
INDEX (Spot) RESISTANCE 2 RESISTANCE 1 LTP SUPPORT 1 SUPPORT 2
SENSEX 26150 26000 25868.49 25690 25480
NIFTY 7920 7880 7856.55 7790 7720
BANKNIFTY 17400 17220 17055.60 16890 16700
CNX-IT 11350 11230 11118.85 11030 10900
News -
  • GMR Infrastructure said GMR Rajahmundry Energy (GREL), a subsidiary of GMR Energy successfully commenced commercial operation of its 2X384 megawatts (MW) gas based combined cycle gas based power plant in Rajahmundry, Andhra Pradesh.
  • INOX Leisure said that the company has commenced commercial operations of a new multiplex cinema theatre, taken on leave & license basis located at R City Mall, Ghatkopar, Mumbai, with effect from 20 November 2015.
  • MEP Infrastructure Developers (MEP) said that it has been awarded by Mumbai-JNPT Port Road Company, a special purpose vehicle (SPV) of National Highways Authority of India (NHAI).
 
    Trading/ Investment Ideas
Technical Calls
Company
Name
Recommendation CMP Initiation
Range
Stop
loss
Target Time
Frame
BERGEPAINT BUY 222 220 - 221 216 232 3-5 Days
SYNDIBANK SELL OCT FUT 91.4 92-93 95 87 3-5 Days
 
Derivatives Call
Company
Name
Recommendation CMP Initiation
Price
Stop
loss
Target Time
Frame
BANKNIFTY BUY 17000 PE 126 126 - 40 3-5 Days
SELL 2, 16800 PE 63.60 63
 
Master Pick (1-2 Months)
Company
Name
Recommendation CMP Initiation
Range
Stop
loss
Target
COLPAL BUY 962.05 955-963 908 1085
To read complete report, please click here
 
Fundamental Picks for delivery ( 9 Months - 1 Year)
Company
Name
Recommendation CMP Initiation
Price
Target
DIVISLAB BUY 1149.05 1189.60 1305
Note – For our running recommendations and past performance, please click here
Research Disclaimer
 
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