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02 Dec 2016 | 11:53 PM
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Equity Research Report: Religare Morning Digest

Currently, the benchmark index, Nifty, is not offering any cue for the next directional move and probability of consolidation to continue is quite high. So, traders have no choice but to be with stocks and maintain a balanced approach.
28 Sep 2015 | 07:00 AM

    Highlights for Today
 
Market Outlook for the day -Currently, the benchmark index, Nifty, is not offering any cue for the next directional move and probability of consolidation to continue is quite high. So, traders have no choice but to be with stocks and maintain a balanced approach.
Key Indices – Levels to watch out for the day
INDEX (Spot) RESISTANCE 2 RESISTANCE 1 LTP SUPPORT 1 SUPPORT 2
SENSEX 26260 26020 25863.50 25650 25480
NIFTY 8000 7920 7868.50 7800 7750
BANKNIFTY 17600 17420 17196.65 17000 16780
CNX-IT 12250 12110 11954.10 11790 11570
News -
  • NTPC has pre-closed its Rs 700 crore public issue of tax-free bonds as it was oversubscribed by 11.04 times on the opening day.
  • Lupin has reportedly increased price of its generic diabetes drug Fortamet by three times for 500 mg and 1000 mg variants in the US market.
  • Ballarpur Industries' subsidiary Ballarpur Paper Holdings BV will sell entire 98.08% stake in its Malaysian arm Sabah Forest Industries (SFI) for $500 million (about Rs. 3,307 crore). The sale proceeds will be used for retiring the debt of its group companies.
 
    Trading/ Investment Ideas
Technical Calls
Company
Name
Recommendation CMP Initiation
Range
Stop
loss
Target Time
Frame
IPCALAB BUY 770.90 760 - 765 740 815 3-5 Days
CASTROLIND SELL OCT FUT 439.05 441 - 442 452 420 3-5 Days
 
Derivatives Call
Company
Name
Recommendation CMP Initiation
Price
Stop
loss
Target Time
Frame
NIFTY BUY 7500 PE 73 72 54 10 3-5 Days
SELL 2, 7400 PE 55.60 56
 
Master Pick (1-2 Months)
Company
Name
Recommendation CMP Initiation
Range
Stop
loss
Target
IBULHSGFIN BUY 721.55 710-724 680 830
To read complete report, please click here
 
Fundamental Picks for delivery ( 9 Months - 1 Year)
Company
Name
Recommendation CMP Initiation
Range
Target
KOTAKBANK BUY 654.45 705.10 900
Note – For our running recommendations and past performance, please click here
Research Disclaimer
 
Regenerate OTP
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