25 Sep 2017 | 12:32 PM
Research Report
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Equity Research Report: Religare Morning Digest

Broadly, we expect the ongoing profit taking to extend further but existence of support around current level in Nifty may result in some rebound first.
29 Oct 2015 | 07:00 AM

    Highlights for Today
 
Market Outlook for the day -Broadly, we expect the ongoing profit taking to extend further but existence of support around current level in Nifty may result in some rebound first.
Key Indices – Levels to watch out for the day
INDEX (Spot) RESISTANCE 2 RESISTANCE 1 LTP SUPPORT 1 SUPPORT 2
SENSEX 27375 27200 27039.76 26900 26775
NIFTY 8275 8220 8171.20 8130 8090
BANKNIFTY 17750 17560 17373.15 17150 16960
CNX-IT 11865 11750 11643.30 11500 11380
News -
  • Dabur Indiaconsolidated net profit rose 18.7% to Rs 341.10 crore on 8.7% growth in net sales to Rs 2092.10 crore in Q2 September 2015 over Q2 September 2014.
  • Sun TV Networknet profit rose 41.37% to Rs 218.38 crore on 11.6% growth in total revenue to Rs 568.09 crore in Q2 September 2015 over Q2 September 2014.
  • Amara Raja Batteries Ltd has posted a net profit of Rs. 123 crore for the quarter ended September 30, 2015 against Rs. 100 crore logged in the corresponding quarter last year. Total income increase by 9% to Rs 1169.9 crore. The automotive battery business continues its robust growth across verticals and the industrial battery business registered moderate volume growth.
 
    Trading/ Investment Ideas
Technical Calls
Company
Name
Recommendation CMP Initiation
Range
Stop
loss
Target Time
Frame
CASTROLIND BUY 459.95 455 - 458 448 480 3-5 Days
CANBK SELL NOV FUT 285.00 286 - 288 294 270 3-5 Days
 
Derivatives Call
Company
Name
Recommendation CMP Initiation
Price
Stop
loss
Target Time
Frame
NIFTY BUY 8150 CE 51.55 50 0 30 EXPIRY
SELL 2, 8200 CE 22.85 23
 
Fundamental Picks for delivery ( 9 Months - 1 Year)
Company
Name
Recommendation CMP Initiation
Range
Target
KOTAKBANK BUY 671.45 705.10 900
Note – For our running recommendations and past performance, please click here
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