18 Oct 2017 | 6:15 AM
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Equity Research Report: Religare Morning Digest

Sentiments turned positive after 50 bps cut in repo rate by RBI but steep decline in the final hour of trade indicates stiff resistance around 7950 mark. Hence, caution is advised.
30 Sep 2015 | 07:00 AM

    Highlights for Today
 
Market Outlook for the day -Sentiments turned positive after 50 bps cut in repo rate by RBI but steep decline in the final hour of trade indicates stiff resistance around 7950 mark. Hence, caution is advised.
Key Indices – Levels to watch out for the day
INDEX (Spot) RESISTANCE 2 RESISTANCE 1 LTP SUPPORT 1 SUPPORT 2
SENSEX 26315 26120 25778.66 25590 25400
NIFTY 8025 7950 7843.30 7780 7720
BANKNIFTY 17600 17450 17281.20 17080 16850
CNX-IT 12060 11950 11863.95 11700 11570
News -
  • The Reserve Bank of India at its fourth bi-monthly monetary policy review reduced the repo rate by a higher-than-expected 50 basis points to 6.75%. The central bank lowered its real GDP forecast for FY16 by 20 basis points to 7.4% compared with 7.6% earlier.
  • Suzlon Energy has completed the commissioning of 100.8-MW wind power turnkey project for CLP India in Rajasthan. The project will provide electricity to over 50,000 homes and curb 0.21 million tonnes of CO2 emissions annually.
 
    Trading/ Investment Ideas
Technical Calls
Company
Name
Recommendation CMP Initiation
Range
Stop
loss
Target Time
Frame
AUROPHARMA BUY 755.9 742 - 750 720 810 3-5 Days
CAIRN SELL OCT FUT 143.55 145 - 146 150 135 3-5 Days
 
Derivatives Call
Company
Name
Recommendation CMP Initiation
Price
Stop
loss
Target Time
Frame
SBIN SELL 220 PE 2.75 3.5 5 0.20 3-5 Days
 
Fundamental Picks for delivery ( 9 Months - 1 Year)
Company
Name
Recommendation CMP Initiation
Range
Target
KOTAKBANK BUY 651.50 705.10 900
Note – For our running recommendations and past performance, please click here
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