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07 Dec 2016 | 4:38 PM
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Equity Research Report: Religare Morning Digest

Amid all, we reiterate our negative stance and suggest upholding sell of rise in Nifty and stocks.
26 Feb 2016 | 07:00 AM

    Religare Morning Digest – Highlights for today
 
Market Outlook for the day -Amid all, we reiterate our negative stance and suggest upholding sell of rise in Nifty and stocks.
Key Indices – Levels to watch out for the day
INDEX (Spot) RESISTANCE 2 RESISTANCE 1 LTP SUPPORT 1 SUPPORT 2
SENSEX 23420 23175 22976.00 22750 22600
NIFTY 7120 7035 6970.60 6900 6850
NIFTYBANK 14000 13800 13555.70 13300 13150
NIFTYIT 10650 10520 10403.50 10290 10150
News -
  • Railway Budget: The Union Railway Budget 2016-17 focused on capacity creation in the rail sector, with an increased outlay of about Rs. 1.21 lakh crore, and on completion of the ongoing projects rather than announcing new ones. Extending 2015's measure, passenger fares remain the same. Mr. Suresh Prabhu's announcements included India's first rail auto hub, boost to e-catering, connectivity to North-East and Wi-Fi in railway stations.
  • Coal India rose 1.7% to Rs 300 after railway minister Suresh Prabhu in the Railway Budget 2016-17, kept freight rates unchanged and also announced review of tariff policy.
  • Reliance Capital said its board approved the transfer of its commercial finance division into a separate wholly-owned subsidiary.
 
    Trading/ Investment Ideas
Technical Calls
Company
Name
Recommendation CMP Initiation
Range
Stop
loss
Target Time
Frame
HDFC BUY 1042.65 1030-1035 990 1120 3-5 Days
ZEEL SELL MARCH FUT 383.75 385-388 398 360 3-5 Days
 
Derivatives Call
Company
Name
Recommendation CMP Initiation
Price
Stop
loss
Target Time
Frame
TATAMOTORS BUY 300 MAR PE 16 13-15 2 15 3-5 Days
SELL 280 MAR PE 8.40 6-8
 
Fundamental Picks for delivery (9 Months - 1 Year)
Company
Name
Recommendation CMP Initiation
Range
Target
SMLISUZU BUY 689.65 869.00 1150
JYOTHYLAB BUY 258.40 272.40 330
SUPREMEIND BUY 661.95 699.30 840
Note – For our running recommendations and past performance, please click here
Research Disclaimer
Regenerate OTP
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