Indian Indices
Global Indices
Commodity (SPOT)
Currency (SPOT)
07 Dec 2016 | 2:29 PM
Research Report
Daily

Equity Research Report: Religare Morning Digest

Market indications are in the favour of consolidation so we suggest traders to focus on stocks, for fresh longs prefer mainly auto and private banking counters.
30 Mar 2016 | 07:00 AM

    Religare Morning Digest – Highlights for today
 
Market Outlook for the day -Market indications are in the favour of consolidation so we suggest traders to focus on stocks, for fresh longs prefer mainly auto and private banking counters.
Key Indices – Levels to watch out for the day
INDEX (Spot) RESISTANCE 2 RESISTANCE 1 LTP SUPPORT 1 SUPPORT 2
SENSEX 25400 25150 24900.46 24790 24600
NIFTY 7750 7675 7597.00 7560 7500
NIFTYBANK 16050 15900 15666.25 15450 15195
NIFTYIT 11420 11275 11114.70 11000 10900
News -
  • Lupin dropped 6.17% to Rs 1,402, in volatile trade after the company clarified that it does not expect any disruption to product supply from the Mandideep location.
  • Aurobindo Pharma has received final approval from USFDA to manufacture and market Rivastigmine Tartrate Capsules USP, used for the treatment of dementia disease, in the American market.
  • Ashok Leyland has received orders worth Rs 800 crore from the Indian armed forces. As part of the order, the company will supply 450 units of Field Artillery Tractor (FAT) 6x6 and other similar super stallion vehicles, and 825 units of ambulance 4x4.
    Trading/ Investment Ideas
Technical Calls
Company
Name
Recommendation CMP Initiation
Range
Stop
loss
Target Time
Frame
BERGEPAINT BUY 238.80 235-237 227 260 3-5 Days
UNIONBANK SELL APR FUT 125.50 127-128 133 115 3-5 Days
 
Derivatives Call
Company
Name
Recommendation CMP Initiation
Price
Stop
loss
Target Time
Frame
CESC SELL APRIL FUTS 464.85 474-476 488 445 3-5 Days
 
Fundamental Picks for delivery (9 Months - 1 Year)
Company
Name
Recommendation CMP Initiation
Range
Target
ATULAUTO BUY 520.50 506 580
JYOTHYLAB BUY 280.90 272.40 330
SUPREMEIND BUY 739.65 699.30 840
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.
Research Disclaimer
Regenerate OTP
Thank You for your interest in Religare Online. Our Representative will get in touch with you shortly.