{LONGTERMINVESTORS} Religare brings you Morning Digest for August 25, 2016

 

August 25, 2016     Religare Morning Digest – Highlights for today   Market Outlook for the day -We usually see erratic moves across the board on F&O expiry day and expect no different on Thursday i.e. Aug, 24. In such a scenario, trading cautiously is key. Key Indices – Levels to watch out for the day INDEX (Spot) RESISTANCE 2 RESISTANCE 1 LTP SUPPORT 1 SUPPORT 2 SENSEX 28310 28125 28059.94 27850 27690 NIFTY 8735 8700 8650.30 8590 8540 NIFTYBANK 19675 19500 19355.60 19200 19050 NIFTYIT 10980 10875 10786.35 10650 10550 News - Nava Bharat Ventures reported a 32% drop in net profit to Rs. 29.2 Cr in Q1, as against Rs. 43 Cr in the same period last year. The Income from Operations went down by 9.3% to Rs. 313.7 Cr, from Rs. 346 Cr previously. Shares tanked by 6% during the day's trade. Strides Shasun received US Food and Drug Administration (FDA) approval for Ranitidine Tablets used for treating intestinal and stomach ulcers and gastroesophageal reflux disease. NTPC plans to raise up to Rs. 15,000 Cr through issuance of bonds on a private placement basis. The objective of the issue is for capex, working capital and general corporate purpose. NTPC shares closed higher by 1.1%.     Trading/ Investment Ideas Technical Calls Company Name Recommendation CMP Initiation Range Stop loss Target Time Frame JKLAKSHMI BUY 452.25 450-455 432 500 4-6 Days BHARTIARTL SELL SEP FUT 352.70 354-356 362 340 4-6 Days   Derivatives Call Company Name Recommendation CMP Initiation Price Stop loss Target Time Frame GODREJCP BUY SEPT FUTS 1543.60 1530-1533 1498 1640 4-6 Days   Fundamental Picks for delivery (9 Months - 1 Year) Company Name Recommendation CMP Initiation Range Target TALWALKARS BUY 267.90 252 328 GARWALLROP BUY 506.70 419 560 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. Forgot Password  |  Instant Fund Transfer  | How to Trade Online - Demo  |  Mobile Trading - Demo   Research Disclaimer

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