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11 Dec 2016 | 3:24 AM
Research Report
Daily

Equity Research Report: Religare Morning Digest

Our positive bias is intact and we see this pause in Nifty as an opportunity to accumulate quality stocks.
26 Apr 2016 | 07:00 AM

    Religare Morning Digest – Highlights for today
 
Market Outlook for the day -Our positive bias is intact and we see this pause in Nifty as an opportunity to accumulate quality stocks.
Key Indices – Levels to watch out for the day
INDEX (Spot) RESISTANCE 2 RESISTANCE 1 LTP SUPPORT 1 SUPPORT 2
SENSEX 26075 25875 25678.93 25500 25335
NIFTY 7980 7920 7855.05 7800 7750
NIFTYBANK 17000 16850 16678.65 16525 16385
NIFTYIT 11560 11440 11315.45 11150 11050
News -
  • UltraTech Cement's standalone profit rose 10.9% YoY to Rs 681.4 crore, helped by lower tax & finance cost and better operational performance. Revenue increased 4.7% to Rs 6,503.66 crore in January-March quarter compared to Rs 6,211 crore in same quarter last fiscal, driven by volume growth.
  • Welspun India reported 20% YoY growth in consolidated net profit at Rs 193 crore for the fourth quarter ended March 2016. The textile company had registered a profit of Rs 161 crore in the March 2015 quarter.
  • Kalpataru Power Transmission Ltd (KPTL) has bagged new orders worth over Rs. 1,150 crore in domestic and overseas markets.
    Trading/ Investment Ideas
Technical Calls
Company
Name
Recommendation CMP Initiation
Range
Stop
loss
Target Time
Frame
PETRONET BUY 263.40 260-262 254 280 3-5 Days
BHARATFORG SELL MAY FUT 794.70 802-806 840 740 3-5 Days
 
Derivatives Call
Company
Name
Recommendation CMP Initiation
Price
Stop
loss
Target Time
Frame
IDEA BUY APR FUTS 119.05 117-118 112 127 Till Expiry
 
Fundamental Picks for delivery (9 Months - 1 Year)
Company
Name
Recommendation CMP Initiation
Range
Target
ATULAUTO BUY 535.00 506.00 580
JYOTHYLAB BUY 301.50 272.40 330
SUPREMEIND BUY 789.25 699.30 840
Note – For our running recommendations and past performance, please click here
**Please note that the given technical and derivative recommendations are "valid for taking position" if they trades within the given range on the recommended date.
Research Disclaimer
Regenerate OTP
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