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03 Dec 2016 | 1:53 PM
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Equity Research Report: Religare Morning Digest

Market Outlook for the day - Once again Nifty has closed forming Doji candlestick on the daily chart. For Friday, 6125 is an important hurdle on the higher side, once crossed the index will scale towards 6200 mark.
29 Nov 2013 | 07:00 AM

    Highlights for Today
Market Outlook for the day - Once again Nifty has closed forming Doji candlestick on the daily chart. For Friday, 6125 is an important hurdle on the higher side, once crossed the index will scale towards 6200 mark.
Key Indices – Levels to watch out for the day
INDEX (Spot) RESISTANCE 2 RESISTANCE 1 LTP SUPPORT 1 SUPPORT 2
SENSEX 20800 20685 20534.91 20400 20260
NIFTY 6180 6140 6091.85 6050 6000
BANK NIFTY 11130 11000 10906.75 10830 10700
CNXIT 8850 8800 8748.35 8680 8630
 
Corporate News

Suzlon Energy’s subsidiary REpower Systems SE announced the conclusion of an EPC contract with Mitsui & Co (Australia) to deliver 52 wind turbines with a total rated output of 106.6 megawatts.

Alstom T&D India is planning to raise up to Rs 294 crore by selling shares to institutional investors on Friday, 29 November 2013.

Bank of Baroda’s board will meet on 3 December 2013, to consider approving issue of equity shares up to Rs 550 crore to the Government of India by way of preferential allotment.
 
    Trading/ Investment Ideas
Technical Calls
Company
Name
Recommendation CMP Initiation
Range
Stop
loss
Target Time
Frame
BHEL BUY 150.95 148-149 146 160 3-5 DAYS
 
Derivatives Call
Company
Name
Recommendation CMP Initiation
Range
Stop
loss
Target Time
Frame
IOB BUY DEC FUT 52.5 51-51.5 49 55 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
 
On firm Asian stocks, the domestic markets surged in the early trade and extended the initial gains till the mid morning trade. Post noon session, the key indices moved in a narrow range but retained the positive terrain. The volatility was witnessed during the last hour of trading as the traders rolled over positions in the futures & options (F&O) segment from the near month November 2013 series to December 2013 series. The government will unveil the Q2 September 2013 GDP growth data on 29 November 2013, which will act as a major trigger for the next move of the market.
Regenerate OTP
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