{LONGTERMINVESTORS} Religare brings you Morning Digest for September 6, 2016

 

September 6, 2016     Religare Morning Digest – Highlights for today   Market Outlook for the day -We have long weekend ahead and our markets will react to the global cues in early trades on Tuesday. By and large, indications are bullish as markets have digested recently released macro-economic data. Key Indices – Levels to watch out for the day INDEX (Spot) RESISTANCE 2 RESISTANCE 1 LTP SUPPORT 1 SUPPORT 2 SENSEX 28800 28650 28532.11 28150 28000 NIFTY 8900 8850 8809.65 8740 8700 NIFTYBANK 20150 20000 19883.20 19750 19600 NIFTYIT 10700 10625 10528.35 10450 10400 News - Tata Motors' Passenger and Commercial Vehicle sales in August stood at 43,061 vehicles, a growth of 6 percent, over 40,679 vehicles sales in August 2015. Domestic sales grew by 3% whereas exports were up by 27%. JLR's US sales grew by 46% to 9,329 vehicles, driven largely by recently launched F-PACE and XE. Cadila Healthcare's oral solid dosage drug facility, located at SEZ, Ahmedabad, received an establishment inspection report (EIR) from the USFDA. This is the third EIR for the company's establishment in the current quarter. Shares went up by 2.3%. Bajaj Auto reported a 5% fall in total sales at 3,25,347 units in August 2016, as against 3,41,965 unit sales in August 2015. Motorcycle sales decreased by 4% to 2,79,977 units from 2,90,436 units sold previously. Commercial Vehicle reported a 12% decline. Also, exports went down by 31%.     Trading/ Investment Ideas Technical Calls Company Name Recommendation CMP Initiation Range Stop loss Target Time Frame KOTAKBANK BUY 813.60 805-820 780 900 4-6 Days M&M BUY 1473.60 1460-1480 1400 1650 4-6 Days   Derivatives Call Company Name Recommendation CMP Initiation Price Stop loss Target Time Frame BANKNIFTY SELL 8th SEP 20200 CE 36.25 42-43 61 05 Till Expiry   Master Pick (1-2 Months) Company Name Recommendation CMP Initiation Range Stop loss Target FSL BUY 43.85 43.50-44.50 40 56 To read complete report, please click here   Fundamental Picks for delivery (9 Months - 1 Year) Company Name Recommendation CMP Initiation Range Target FORCEMOT BUY 3060.10 3088 3940 TVTODAY BUY 302.70 300 388 TALWALKARS BUY 254.15 252 328 Note – For our running recommendations and past performance, please click here **Please note that the given technical and derivative recommendations will be considered as initiated only 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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