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08 Dec 2016 | 2:47 PM
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Equity Research Report: Religare Morning Digest

With all eyes glued on the Union Budget, market participants will react strongly to the event on Monday as mostly hoping for some concrete steps from the government to boost the investors’ sentiment.
29 Feb 2016 | 07:00 AM

    Religare Morning Digest – Highlights for today
 
Market Outlook for the day -With all eyes glued on the Union Budget, market participants will react strongly to the event on Monday as mostly hoping for some concrete steps from the government to boost the investors’ sentiment.
Key Indices – Levels to watch out for the day
INDEX (Spot) RESISTANCE 2 RESISTANCE 1 LTP SUPPORT 1 SUPPORT 2
SENSEX 23650 23400 23154.30 22900 22600
NIFTY 7175 7100 7029.75 6950 6850
NIFTYBANK 14250 14000 13791.45 13600 13300
NIFTYIT 10700 10580 10463.35 10290 10150
News -
  • The survey has expressed concern over approval of GST Bill being elusive so far and the disinvestment programme falling short of targets.
  • The survey points out that even as real growth has been accelerating, nominal growth has been falling. The survey cautions that if the world economy remains weak, India's growth will face considerable headwinds.
  • The survey states that the fiscal deficit target of 3.9% of GDP for the year 2015-16 seems achievable. CPI inflation seen around 4.5 to 5 per cent in 2016-17.
 
    Trading/ Investment Ideas
Technical Calls
Company
Name
Recommendation CMP Initiation
Range
Stop
loss
Target Time
Frame
HDFC BUY 1053.70 1030-1035 990 1120 3-5 Days
BHARTIARTL SELL MAR FUT 316.05 320-322 330 302 3-5 Days
 
Derivatives Call
Company
Name
Recommendation CMP Initiation
Price
Stop
loss
Target Time
Frame
NIFTY BUY 6600 PE 44.45 36 20 60 3-5 Days
 
Fundamental Picks for delivery (9 Months - 1 Year)
Company
Name
Recommendation CMP Initiation
Range
Target
SMLISUZU BUY 672.40 869.00 1150
JYOTHYLAB BUY 261.45 272.40 330
SUPREMEIND BUY 666.80 699.30 840
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