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08 Dec 2016 | 6:17 AM
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Equity Research Report: Religare Morning Digest

In a single day fall, Nifty surrendered gains of last three sessions and that itself shows the prevailing market sentiment. We suggest traders to be with broader trend and maintain sell on rise approach till 7300 is intact in Nifty.
24 Feb 2016 | 07:00 AM

    Religare Morning Digest – Highlights for today
 
Market Outlook for the day -In a single day fall, Nifty surrendered gains of last three sessions and that itself shows the prevailing market sentiment. We suggest traders to be with broader trend and maintain sell on rise approach till 7300 is intact in Nifty.
Key Indices – Levels to watch out for the day
INDEX (Spot) RESISTANCE 2 RESISTANCE 1 LTP SUPPORT 1 SUPPORT 2
SENSEX 23850 23600 23410.18 23190 23000
NIFTY 7250 7175 7109.55 7035 6980
NIFTYBANK 14475 14250 14008.35 13800 13600
NIFTYIT 10865 10730 10601.45 10490 10390
News -
  • Coal india's supply of coal to the power sector increased by 6.7 to 336 million tonnes during the first 10 months of the ongoing fiscal amid the government aiming to provide round the clock electricity.
  • Offer for Sale by the government to sell its stake in NTPC received strong response from non-retail investors. The floor price for the OFS was fixed at Rs 122 per share.
  • Tata Motors has renamed its upcoming hatachback, which was earlier named as Zica, as Tiago after successful end of a name hunt campaign. Earlier this month, the company had decided to rename its soon-to-be launched hatchback Zica in view of the outbreak of Zika virus.
 
    Trading/ Investment Ideas
Technical Calls
Company
Name
Recommendation CMP Initiation
Range
Stop
loss
Target Time
Frame
CADILAHC BUY 330.50 325-328 315 350 3-5 Days
KTKBANK SELL MAR FUT 90.65 92-93 96 85 3-5 Days
 
Derivatives Call
Company
Name
Recommendation CMP Initiation
Price
Stop
loss
Target Time
Frame
CAIRN BUY 120 MAR PE 4.85 4-4.50 1 12 3-5 Days
 
Fundamental Picks for delivery (9 Months - 1 Year)
Company
Name
Recommendation CMP Initiation
Range
Target
SMLISUZU BUY 715.80 869.00 1150
JYOTHYLAB BUY 269.95 272.40 330
SUPREMEIND BUY 672.70 699.30 840
Note – For our running recommendations and past performance, please click here
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