20 Oct 2017 | 8:18 PM
Research Report
Daily

Equity Research Report: Religare Morning Digest

We maintain our negative view on markets; however, it's advisable to wait for some bounce or consolidation to initiate fresh shorts.
30 Oct 2015 | 07:00 AM

    Highlights for Today
 
Market Outlook for the day -We maintain our negative view on markets; however, it's advisable to wait for some bounce or consolidation to initiate fresh shorts.
Key Indices – Levels to watch out for the day
INDEX (Spot) RESISTANCE 2 RESISTANCE 1 LTP SUPPORT 1 SUPPORT 2
SENSEX 27200 27030 26838.15 26735 26595
NIFTY 8220 8170 8111.75 8080 8040
BANKNIFTY 17600 17400 17212.20 17030 16860
CNX-IT 11750 11640 11548.15 11450 11340
News -
  • NTPC net profit rose 39.9% to Rs 2898.28 crore on 5.25% rise in total income to Rs 18173.90 crore in Q2 September 2015 over Q2 September 2014.
  • Gujarat Pipavav Port net profit tumbled 40.67% to Rs 53.10 crore on 17.45% decline in total income to Rs 156.27 crore in Q2 September 2015 over Q2 September 2014.
  • Yes Bank net profit rose 26.49% to Rs 610.41 crore on 19.69% rise in total income to Rs 3995.34 crore in Q2 September 2015 over Q2 September 2014.
 
    Trading/ Investment Ideas
Technical Calls
Company
Name
Recommendation CMP Initiation
Range
Stop
loss
Target Time
Frame
PFS BUY 48.05 47.5 - 48 46.5 51 3-5 Days
SAIL SELL NOV FUT 52.7 53 - 53.5 54.5 49.5 3-5 Days
 
Derivatives Call
Company
Name
Recommendation CMP Initiation
Price
Stop
loss
Target Time
Frame
TECHM BUY FUT 551.70 546 532 585 3-5 Days
 
Fundamental Picks for delivery ( 9 Months - 1 Year)
Company
Name
Recommendation CMP Initiation
Range
Target
KOTAKBANK BUY 664.00 705.10 900
Note – For our running recommendations and past performance, please click here
Research Disclaimer