13 Dec 2017 | 7:29 PM
Research Report
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Equity Research Report: Religare Morning Digest

Nifty looks all set to surpass the major psychological hurdle of 8000; however, stock specific volatility will continue due to prevailing earning season and upcoming events.
27 Apr 2016 | 07:00 AM

    Religare Morning Digest – Highlights for today
 
Market Outlook for the day -Nifty looks all set to surpass the major psychological hurdle of 8000; however, stock specific volatility will continue due to prevailing earning season and upcoming events.
Key Indices – Levels to watch out for the day
INDEX (Spot) RESISTANCE 2 RESISTANCE 1 LTP SUPPORT 1 SUPPORT 2
SENSEX 26320 26150 26007.30 25825 25660
NIFTY 8050 8000 7962.65 7900 7850
NIFTYBANK 17400 17220 17002.55 16850 16700
NIFTYIT 11680 11545 11417.35 11290 11160
News -
  • Maruti Suzuki India's net profit dropped 11.72% to Rs 1133.60 crore on 10.62% rise in total income to Rs 15426.90 crore in Q4 March 2016 over Q4 March 2015. The company's sales volumes rose 3.9% to 3.6 lakh vehicles in Q4 March 2016 over Q4 March 2015.
  • Indiabulls Housing Finance’s consolidated net profit rose 22.59% to Rs 675.50 crore on 25.01% growth in total income to Rs 2647.18 crore in Q4 March 2016 over Q4 March 2015.
  • Sun Pharmaceutical Industries gained after the announcement that Indian Council of Medical Research, Ministry of Health & Family Welfare, Govt. of India, Govt. of Madhya Pradesh and Sun Pharma entered into a public-private-partnership agreement for Malaria Free India and other innovation in preventive health.
    Trading/ Investment Ideas
Technical Calls
Company
Name
Recommendation CMP Initiation
Range
Stop
loss
Target Time
Frame
AJANTPHARM BUY 1543.10 1510-1520 1450 1650 3-5 Days
AMARAJABAT BUY 949.20 938-945 910 1020 3-5 Days
 
Derivatives Call
Company
Name
Recommendation CMP Initiation
Price
Stop
loss
Target Time
Frame
BANKBARODA BUY APR 160 CE 3.35 2.9-3 1.5 6 Till Expiry
 
Fundamental Picks for delivery (9 Months - 1 Year)
Company
Name
Recommendation CMP Initiation
Range
Target
ATULAUTO BUY 538.70 506.00 580
JYOTHYLAB BUY 303.15 272.40 330
SUPREMEIND BUY 779.85 699.30 840
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