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04 Dec 2016 | 6:15 PM
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Equity Research Report: Religare Morning Digest

In present scenario, we strongly advise to stay with trend and avoid trying to find the market bottom.
25 Feb 2016 | 07:00 AM

    Religare Morning Digest – Highlights for today
 
Market Outlook for the day -In present scenario, we strongly advise to stay with trend and avoid trying to find the market bottom.
Key Indices – Levels to watch out for the day
INDEX (Spot) RESISTANCE 2 RESISTANCE 1 LTP SUPPORT 1 SUPPORT 2
SENSEX 23560 23300 23088.93 22885 22700
NIFTY 7175 7090 7018.70 6950 6890
NIFTYBANK 14250 14000 13794.05 13600 13300
NIFTYIT 10700 10580 10465.05 10320 10150
News -
  • GMR Infrastructure said that the International Arbitral Tribunal has ruled in favour of the company's subsidiary with regard to the operation of Ibrahim Nasir International Airport.
  • ITC lost 2.08% to Rs 287.70 with the stock extending recent slide triggered by concerns that the government may hike tax on all tobacco products in the upcoming Union Budget by upto 40%.
  • Punj Lloyd Ltd has bagged Rs. 308 crore order for the construction of luxury villas in Dubai, the UAE.
  • Glenmark Pharmaceuticals has received the final nod from the US health regulator for generic oral contraceptive norgestimate ethinyl estradiol tablets.
 
    Trading/ Investment Ideas
Technical Calls
Company
Name
Recommendation CMP Initiation
Range
Stop
loss
Target Time
Frame
AJANTPHARM BUY 1337.55 1310-1320 1275 1420 3-5 Days
CAIRN SELL MAR FUT 122.55 124-125 128 115 3-5 Days
 
Derivatives Call
Company
Name
Recommendation CMP Initiation
Price
Stop
loss
Target Time
Frame
TATAMOTORS BUY 300 MAR PE 13.35 11 2 10 3-5 Days
SELL 280 MAR PE 7.25 6
 
Fundamental Picks for delivery (9 Months - 1 Year)
Company
Name
Recommendation CMP Initiation
Range
Target
SMLISUZU BUY 705.90 869.00 1150
JYOTHYLAB BUY 264.15 272.40 330
SUPREMEIND BUY 665.95 699.30 840
Note – For our running recommendations and past performance, please click here
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