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22 Jan 2017 | 1:36 PM
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Equity Research Report: Religare Morning Digest

Our positive bias is still intact on Nifty and we expect 7800 to be tested shortly so maintain buy on dips till it holds above 7580.
28 Mar 2016 | 07:00 AM

    Religare Morning Digest – Highlights for today
 
Market Outlook for the day -Our positive bias is still intact on Nifty and we expect 7800 to be tested shortly so maintain buy on dips till it holds above 7580.
Key Indices – Levels to watch out for the day
INDEX (Spot) RESISTANCE 2 RESISTANCE 1 LTP SUPPORT 1 SUPPORT 2
SENSEX 25600 25450 25337.56 25090 24900
NIFTY 7800 7760 7716.50 7640 7580
NIFTYBANK 16400 16150 15887.75 15730 15600
NIFTYIT 11420 11325 11228.15 11100 10980
News -
  • Mahindra Truck and Bus Division outlined plans to double its market share in the heavy commercial vehicle (HCV) business within two years.
  • Torrent Pharma is seeking enabling approvals from its shareholders to raise Rs. 10,500 crore through issue of shares and other securities to fund its growth activity.
  • Mangalore Refinery and Petrochemicals Ltd will shut a crude oil unit that can process 180,000 barrels of oil per day (bpd) for a about a week from April 1 for maintenance.
    Trading/ Investment Ideas
Technical Calls
Company
Name
Recommendation CMP Initiation
Range
Stop
loss
Target Time
Frame
HINDUNILVR BUY 873.60 862-865 835 930 3-5 Days
TATAGLOBAL SELL APR FUT 120.95 121.5-122 125.5 112 3-5 Days
 
Derivatives Call
Company
Name
Recommendation CMP Initiation
Price
Stop
loss
Target Time
Frame
AXISBANK BUY 440 MARCH CE 5.2 3-4 1 8 Till Expiry
 
Fundamental Picks for delivery (9 Months - 1 Year)
Company
Name
Recommendation CMP Initiation
Range
Target
ATULAUTO BUY 523.35 506 580
JYOTHYLAB BUY 284.90 272.40 330
SUPREMEIND BUY 775.35 699.30 840
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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