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05 Dec 2016 | 11:10 AM
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Equity Research Report: Religare Morning Digest

Market Outlook for the day – Nifty is wisely placed on the daily charts thus any dips can be utilized to build fresh long positions.
24 Dec 2013 | 07:00 AM

    Highlights for Today
Market Outlook for the day - Nifty is wisely placed on the daily charts thus any dips can be utilized to build fresh long positions.
Key Indices – Levels to watch out for the day
INDEX (Spot) RESISTANCE 2 RESISTANCE 1 LTP SUPPORT 1 SUPPORT 2
SENSEX 21300 21200 21101.03 20960 20850
NIFTY 6350 6320 6284.50 6240 6190
BANK NIFTY 11600 11450 11378.50 11250 11050
CNXIT 9600 9440 9385.45 9330 9250
 
Corporate News

Hindustan Construction Company has won a contract worth Rs 1597 crore from THDC India to construct Vishnugad Pipalkoti Hydro Electric Power project in Chamoli district of Uttrakhand.

Yes Bank raised $150 million from International Finance Corporation, Washington, a member of the World Bank Group, for tenor of up to 7 years.

Gayatri Projects reported that the stake of its wholly owned subsidiary -- Gayatri Energy Ventures- in NCC Power Projects may get reduced to below 45%.
 
    Trading/ Investment Ideas
Technical Calls
Company
Name
Recommendation CMP Initiation
Range
Stop
loss
Target Time
Frame
UCOBANK BUY 76.95 76-76.5 74.5 82 3-5 DAYS
 
Derivatives Call
Company
Name
Recommendation CMP Initiation
Range
Stop
loss
Target Time
Frame
PFC BUY JAN FUT 164.2 161-162 156 173 3-5 DAYS
 
Fundamental Picks for delivery (1 - 2 Years)
Large Caps

Bajaj-Auto, HCL Tech, HUL, M&M, NTPC, Sun Pharma, Lupin, ITC, L&T, TCS, Adani Ports&SEZ

Midcaps & Small Caps

Amara raja batteries, GCPL, Bata India, Shriram Transport Finance,
M&M Financial Services,  Havells India, Bajaj Corp Ltd, LIC housing, Yes Bank

Note – For our running recommendations and past performance, please click here
    Market Roundup
 
Key benchmark indices closed positive after witnessing high volatility during the last one hour or so of the trading session. Shares of a number of small-cap and mid-cap companies rose for the second day in a row, boosted by stock market regulator Securities and Exchange Board of India's (Sebi) announcement on 19 December 2013 that it has decided to rationalize the rules on trading of thinly-traded stocks. BSE Small-Cap and Mid-Cap indices were up more than 1% each. The market breadth, indicating the overall health of the market, was strong.
Regenerate OTP
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