22 Oct 2017 | 10:35 PM
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Equity Research Report: Religare Morning Digest

The recent move in Nifty shows consolidation after the recent surge but our bias is still on the positive side. Traders should not worry much about these fluctuations and uphold buy on dips approach.
23 Dec 2015 | 07:00 AM

    Highlights for Today
 
Market Outlook for the day - The recent move in Nifty shows consolidation after the recent surge but our bias is still on the positive side. Traders should not worry much about these fluctuations and uphold buy on dips approach.
Key Indices – Levels to watch out for the day
INDEX (Spot) RESISTANCE 2 RESISTANCE 1 LTP SUPPORT 1 SUPPORT 2
SENSEX 26000 25780 25590.65 25390 25260
NIFTY 7920 7850 7786.10 7720 7680
BANKNIFTY 17030 16900 16749.20 16570 16400
NIFTYIT 11375 11250 11095.45 10940 10800
News -
  • HDIL registered a development agreement with DK Realty (India) to sell the development rights in respect of the piece and parcel of land situated at Kurla, Mumbai.
  • Aurobindo Pharma Ltd has received final approval from the US Food and Drug Administration (USFDA) to manufacture and market Olopatadine hydrochloride ophthalmic solution.
  • Glenmark Pharmaceuticals has received the final nod from the US health regulator for a generic version of anti-bacterial drug Zyvox.
 
    Trading/ Investment Ideas
Technical Calls
Company
Name
Recommendation CMP Initiation
Range
Stop
loss
Target Time
Frame
SRF BUY 1238.05 1235 - 1245 1215 1315 3-5 Days
ANDHRABANK SELL JAN FUT 64.00 64.5 - 65 66 61 3-5 Days
 
Derivatives Call
Company
Name
Recommendation CMP Initiation
Price
Stop
loss
Target Time
Frame
IDBI BUY 90 PE 2.65 2 1 4 3-5 Days
 
Fundamental Picks for delivery ( 9 Months - 1 Year)
Company
Name
Recommendation CMP Initiation
Range
Target
HERITGFOOD BUY 557.00 525 640
Note – For our running recommendations and past performance, please click here
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