26 Mar 2017 | 1:18 AM
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Equity Research Report: Religare Morning Digest

This fall has faded away the hopes of decisive breakout in Nifty above 8000, at least in the near future. Having said that, the uptrend is still intact and we’ll now see extension of prevailing consolidation phase in index.
29 Apr 2016 | 07:00 AM

    Religare Morning Digest – Highlights for today
 
Market Outlook for the day -This fall has faded away the hopes of decisive breakout in Nifty above 8000, at least in the near future. Having said that, the uptrend is still intact and we’ll now see extension of prevailing consolidation phase in index.
Key Indices – Levels to watch out for the day
INDEX (Spot) RESISTANCE 2 RESISTANCE 1 LTP SUPPORT 1 SUPPORT 2
SENSEX 26000 25800 25603.10 25450 25280
NIFTY 7980 7910 7847.25 7800 7750
NIFTYBANK 17030 16880 16716.90 16560 16380
NIFTYIT 11560 11420 11287.15 11160 11050
News -
  • TTK Prestige has announced its entry into the home cleaning market.
  • Dabur India consolidated net profit rose 16.6% to Rs 331.90 crore on 10.9% growth in net sales to Rs 2157.30 crore in Q4 March 2016 over Q4 March 2015.
  • ACC net profit declined 3.48% to Rs 232.19 crore in the quarter ended March 2016 as against Rs 240.55 crore during the previous quarter ended March 2015.
    Trading/ Investment Ideas
Technical Calls
Company
Name
Recommendation CMP Initiation
Range
Stop
loss
Target Time
Frame
NCC BUY 79.15 78.5-80 76 88 3-5 Days
UNIONBANK SELL MAY FUT 129.80 131-132 136 120 3-5 Days
 
Derivatives Call
Company
Name
Recommendation CMP Initiation
Price
Stop
loss
Target Time
Frame
NIFTY BUY 7700 PE 65.10 55 40 85 Till Expiry
 
Fundamental Picks for delivery (9 Months - 1 Year)
Company
Name
Recommendation CMP Initiation
Range
Target
ATULAUTO BUY 519.70 506.00 580
JYOTHYLAB BUY 302.85 272.40 330
SUPREMEIND BUY 783.00 699.30 840
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.
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