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10 Dec 2016 | 10:41 PM
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Equity Research Report: Religare Morning Digest

As mentioned in our earlier posts, we are eyeing 8000 in Nifty first so use any pause or fall to add quality stocks from private bank, auto, IT and pharma space alongside with Midcap and Smallcap pack as well.
24 Dec 2015 | 07:00 AM

    Highlights for Today
 
Market Outlook for the day - As mentioned in our earlier posts, we are eyeing 8000 in Nifty first so use any pause or fall to add quality stocks from private bank, auto, IT and pharma space alongside with Midcap and Smallcap pack as well.
Key Indices – Levels to watch out for the day
INDEX (Spot) RESISTANCE 2 RESISTANCE 1 LTP SUPPORT 1 SUPPORT 2
SENSEX 26250 26040 25850.30 25590 25400
NIFTY 8000 7930 7865.95 7780 7720
BANKNIFTY 17220 17030 16882.50 16740 16540
NIFTYIT 11500 11350 11195.65 11090 10940
News -
  • Wipro has signed a definitive agreement to acquire Viteos Group for a purchase consideration of $130 million.
  • Natco Pharma said that along with its US partner, Allergan, the company has settled its pending litigation in the US with Celgene, regarding generic, Lenalidomide.
  • Kalpataru Power Transmission announced that it has secured new orders of approximately Rs 1395 crore.
 
    Trading/ Investment Ideas
Technical Calls
Company
Name
Recommendation CMP Initiation
Range
Stop
loss
Target Time
Frame
AUROPHARMA BUY 869.10 860 - 865 840 915 3-5 Days
TATAMTRDVR BUY 281.75 281 - 282 274 298 3-5 Days
 
Derivatives Call
Company
Name
Recommendation CMP Initiation
Price
Stop
loss
Target Time
Frame
NIFTY BUY JAN 8000 CE 72.80 74 - 2 3-5 Days
SELL 4, JAN 8200 CE 22.60 25
 
Fundamental Picks for delivery ( 9 Months - 1 Year)
Company
Name
Recommendation CMP Initiation
Range
Target
HERITGFOOD BUY 557.95 525 640
Note – For our running recommendations and past performance, please click here
Research Disclaimer
 
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