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10 Dec 2016 | 5:05 PM
Research Report
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Equity Research Report: Religare Morning Digest

Considering the present scenario, we reiterate our advice to concentrate on stocks and gradually accumulate quality counters from private banking, finance and auto space.
25 Apr 2016 | 07:00 AM

    Religare Morning Digest – Highlights for today
 
Market Outlook for the day -Considering the present scenario, we reiterate our advice to concentrate on stocks and gradually accumulate quality counters from private banking, finance and auto space.
Key Indices – Levels to watch out for the day
INDEX (Spot) RESISTANCE 2 RESISTANCE 1 LTP SUPPORT 1 SUPPORT 2
SENSEX 26280 26075 25838.14 25675 25470
NIFTY 8050 7980 7899.30 7850 7800
NIFTYBANK 17000 16850 16703.40 16525 16385
NIFTYIT 11560 11440 11304.05 11150 11050
News -
  • HDFC Bank's net profit rose 20.21% to Rs 3374.22 crore on 21.15% increase in total income to Rs 18862.61 crore in Q4 March 2016 over Q4 March 2015. The bank's gross non-performing assets (NPAs) stood at Rs 4392.83 crore as on 31 March 2016 as against Rs 4255.20 crore as on 31 December 2015 and Rs 3438.38 crore as on 31 March 2015.
  • Aurobindo Pharma has received final approval from the US Food & Drug Administration (USFDA) to manufacture and market Esomeprazole Magnesium delayed-release capsules USP, 20 milligram (mg) and 40 mg, used in the treatment of gastroesophageal reflux disease.
 
    Trading/ Investment Ideas
Technical Calls
Company
Name
Recommendation CMP Initiation
Range
Stop
loss
Target Time
Frame
M&M BUY 1326 1310-1320 1265 1400 3-5 Days
PETRONET BUY 262.90 259-261 254 276 3-5 Days
 
Derivatives Call
Company
Name
Recommendation CMP Initiation
Price
Stop
loss
Target Time
Frame
CASTROLIND BUY APR FUTS 391.70 382-386 372 410 Till Expiry
 
Master Pick (1-2 Months)
Company
Name
Recommendation CMP Initiation
Range
Stop
loss
Target
BRITANNIA BUY 2822.60 2780-2825 2630 3200
To read complete report, please click here
 
Fundamental Picks for delivery (9 Months - 1 Year)
Company
Name
Recommendation CMP Initiation
Range
Target
ATULAUTO BUY 550.20 506 580
JYOTHYLAB BUY 303.60 272.40 330
SUPREMEIND BUY 802.55 699.30 840
Note – For our running recommendations and past performance, please click here
**Please note that the given technical and derivative recommendations will be considered as initiated only if they trades within the given range on the recommended date.
 
Research Disclaimer
Regenerate OTP
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