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Equity Research Report: Religare Morning Digest

Market Outlook for the day - Thursday’s trading session is expected to be volatile on account of November month’s derivatives expiry.
28 Nov 2013 | 07:00 AM

    Highlights for Today
Market Outlook for the day - Thursday’s trading session is expected to be volatile on account of November month’s derivatives expiry.
Key Indices – Levels to watch out for the day
INDEX (Spot) RESISTANCE 2 RESISTANCE 1 LTP SUPPORT 1 SUPPORT 2
SENSEX 20670 20550 20420.26 20240 20150
NIFTY 6140 6100 6057.10 6030 5970
BANK NIFTY 11060 10970 10899.30 10830 10700
CNXIT 8800 8750 8702.40 8660 8630
 
Corporate News

US drug regulator imposed an import alert on the Wockhardt' s Chikalthana plant in Maharashtra.

Thermax received an order worth approximately Rs 269 crore from a leading petrochemical company.

Voltas bagged three overseas project orders worth Rs 1000 crore in the Middle-East.
 
    Trading/ Investment Ideas
Technical Calls
Company
Name
Recommendation CMP Initiation
Range
Stop
loss
Target Time
Frame
HCLTECH BUY 203.8 201-202 198 215 3-5 DAYS
 
Derivatives Call
Company
Name
Recommendation CMP Initiation
Range
Stop
loss
Target Time
Frame
BAJAJ-AUTO BUY DEC FUT 176.2 173-174 168 185 3-5 DAYS
 
Fundamental Picks for delivery (1 - 2 Years)
Large Caps Bajaj-Auto, HCL Tech, HUL, M&M, NTPC, Sun Pharma, Lupin, ITC, L&T, TCS, Adani Ports&SEZ
Midcaps & Small Caps Amara raja batteries, GCPL, Bata India, Shriram Transport Finance,
M&M Financial Services,  Havells India, Bajaj Corp Ltd, LIC housing, Yes Bank
Note – For our running recommendations and past performance, please click here
    Market Roundup
 
The markets have registered a lackluster trading day and ended the session on a flat note. The intraday volatility persisted initially as the key indices alternately swung between positive and negative terrain during morning trade but later the indices extended losses and hit fresh intraday low in mid-morning trade. The markets may remain volatile tomorrow, 28 November 2013, as traders roll over positions in the futures & options (F&O) segment from the near month November 2013 series to December 2013 series.
Regenerate OTP
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