Indian Indices
Global Indices
Commodity (SPOT)
Currency (SPOT)
05 Dec 2016 | 3:39 PM
Research Report
Daily

Equity Research Report: Religare Morning Digest

Nifty is trading close to its major resistance of 8400, where multiple hurdles are placed. We maintain our advice trailing stop losses in existing long positions and uphold extra caution in fresh bets.
26 Oct 2015 | 07:00 AM

    Highlights for Today
 
Market Outlook for the day -Nifty is trading close to its major resistance of 8400, where multiple hurdles are placed. We maintain our advice trailing stop losses in existing long positions and uphold extra caution in fresh bets.
Key Indices – Levels to watch out for the day
INDEX (Spot) RESISTANCE 2 RESISTANCE 1 LTP SUPPORT 1 SUPPORT 2
SENSEX 27800 27650 27470.81 27300 27170
NIFTY 8400 8350 8295.45 8250 8220
BANKNIFTY 18280 18100 17934.05 17800 17600
CNX-IT 11800 11675 11552.00 11400 11260
News -
  • Glenmark Pharmaceuticals entered into a strategic development & licensing agreement with Celon, Poland for generic Seretide Accuhaler in Europe.
  • Aurobindo Pharma received final approval from the US Food & Drug Administration to manufacture and market Tramadol Hydrochloride Extended-release Tablets USP, 100 mg, 200 mg and 300 mg.
  • Symphony net profit surged 33% to Rs 28.76 crore on 22.1% rise in total income to Rs 121.69 crore in Q1 September 2015 over Q1 September 2014.
 
    Trading/ Investment Ideas
Technical Calls
Company
Name
Recommendation CMP Initiation
Range
Stop
loss
Target Time
Frame
IGL BUY 484.3 482 - 483 470 520 3-5 Days
BANKINDIA SELL OCT FUT 138.5 139 - 140 145 130 3-5 Days
 
Derivatives Call
Company
Name
Recommendation CMP Initiation
Price
Stop
loss
Target Time
Frame
BANKNIFTY BUY 17500 PE 253.70 250 70 220 3-5 Days
SELL 17000 PE 139.10 140
 
Master Pick (1-2 Months)
Company
Name
Recommendation CMP Initiation
Range
Stop
loss
Target
EXIDEIND BUY 158.80 156-159 147 185
To read complete report, please click here
 
Fundamental Picks for delivery ( 9 Months - 1 Year)
Company
Name
Recommendation CMP Initiation
Range
Target
KOTAKBANK BUY 665.20 705.10 900
Note – For our running recommendations and past performance, please click here
Research Disclaimer
 
Regenerate OTP
Thank You for your interest in Religare Online. Our Representative will get in touch with you shortly.