{LONGTERMINVESTORS} Religare brings you Morning Digest for August 31, 2016

 

August 31, 2016     Religare Morning Digest – Highlights for today   Market Outlook for the day -After up move witnessed on Tuesday, it's now clear that we're heading toward 8850 in Nifty in near term, but traders should maintain extra caution in stock selection post this surge. Key Indices – Levels to watch out for the day INDEX (Spot) RESISTANCE 2 RESISTANCE 1 LTP SUPPORT 1 SUPPORT 2 SENSEX 28650 28500 28343.01 28150 28000 NIFTY 8850 8800 8744.35 8700 8660 NIFTYBANK 20000 19700 19531.55 19400 19250 NIFTYIT 10750 10625 10572.30 10300 10100 News - Ramky Infrastructure and Ashoka Buildcon secured road projects worth Rs. 700 Cr and Rs. 946 Cr respectively from the National Highway Authority of India (NHAI). The projects are based in Jharkhand and deal with road widening of NH32 and NH33. Energy Solutions Company – Crompton Greaves reported a Net profit of Rs. 40 Cr in Q1, as against a loss of Rs. 63.7 Cr in the corresponding period last fiscal. Revenue increased by 38.6% to Rs. 1,423.8 Cr in the quarter as compared to Rs. 1,027.5 Cr previously. Whirlpool reported a 25.9% rise in Net profit to Rs. 122 Cr for Q1 as compared to Rs. 96.8 Cr in the corresponding quarter last fiscal. Total income from operations stood at Rs. 1,406.3 Cr, up by 17.1%, from Rs. 1,200.5 Cr previously.     Trading/ Investment Ideas Technical Calls Company Name Recommendation CMP Initiation Range Stop loss Target Time Frame ASIANPAINT BUY 1146.20 1140-1150 1110 1240 4-6 Days CADILAHC BUY 386.20 384-385 372 410 4-6 Days   Derivatives Call Company Name Recommendation CMP Initiation Price Stop loss Target Time Frame DABUR BUY SEPT FUTS 296.40 292-294 288 310 4-6 Days   Fundamental Picks for delivery (9 Months - 1 Year) Company Name Recommendation CMP Initiation Range Target TVTODAY BUY 306.25 300 388 TALWALKARS BUY 258.50 252 328 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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