Markets managed to end in the green amid excessive volatility - Religare Broking
![](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2021/04/870fb9b7ecdd9ea1fe41617a8a327059.jpg)
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
https://t.me/InvestmentGuruIndiacom
Download Telegram App before Joining the Channel
Nifty Outlook
Markets managed to end in the green amid excessive volatility, in continuation to the rebound of the previous session. After the initial uptick, the benchmark turned negative in no time and continue to inch lower due to pressure in select IT and auto majors. However, recovery in banking, metals and pharma majors engulfed all the losses and pushed the index to a new intraday high. Consequently, the Nifty ended with gains of 0.5% at 14,582 levels.
Markets would first react to Wipro’s earnings outcome in early trade on Friday. We continue to maintain our cautious stance citing rising COVID cases and strict restrictions imposed by the various state government in India which may hamper economic recovery. However, progress on vaccines and supportive global markets may cap the damage. Amid all, the prevailing earnings season will remain on the participants’ radar for cues. To sum it up, we expect volatility to remain high so traders should prefer low beta counters and limit leveraged positions until the market stabilises.
News
* NAM India announced that it has signed a Letter of Intent for an exclusive strategic collaboration with Cathay SITE (Securities Investment Trust) the largest Asset Manager in Taiwan.
* The Heavy Engineering arm of Larsen & Toubro informed that it has won significant contracts for its various business segments such as nuclear, refinery, petrochemical and oil & gas in Q4FY21.
* Hindustan Copper informed that it has raised Rs 500cr via QIP issue to institutional investors. The funds from the QIP are proposed to be used to fund the ongoing capex/ expansion plan of the company.
Derivative Ideas
CIPLA FUTS added around 4% in open interest as LONG buildup was seen in it till closing time. Current chart pattern also indicates further up move in its price. We suggest buying CIPLA in cash market as per below levels.
Strategy:- BUY CIPLA BETWEEN 900-905 STOP LOSS 880 TARGET 950
Investment Pick - Crompton Greaves Consumer Electricals Ltd.
Crompton Greaves Consumer Electricals (CGCE) is engaged in manufacturing and marketing of a wide range of consumer products ranging from fans, light sources and luminaires, pumps and household appliances such as geysers, mixer grinders, toasters and irons.
We like CGCE for its strong growth potential, consistent rise in market share in its key segment coupled with healthy dividend pay-out ratio, strong cash flow generation, lean working capital cycle and robust return ratios. We recommend a Buy on the stock with a target price of Rs. 479.
Buy Crompton Greaves Consumer Electricals Ltd @ 9-12 Months CMP 392.5 TGT 479
To Read Complete Report & Disclaimer Click Here
Please refer disclaimer http://ex.religareonline.com/disclaimer
SEBI Registration number is INZ000174330
Views express by all participants are for information & academic purpose only. Kindly read disclaimer before referring below views. Click Here For Disclaimer
![](https://portfolio.investmentguruindia.com/uploads/news/insurance 123.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Axis Securities Ltd.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Wipro.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/2b1715f7e03b51b0ac9c014eb224fc1f.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/gdp22.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Geojit Financial Services.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Dollar retures 2.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/health22.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Arvind Kapil, MD and CEO, Poonawalla Fincorp.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/stock8.jpg)
Top News
![](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2022/08/65a54725558ed7bf32d4d782eba70484.jpg)
Our strategy would be to invest in 6 months papers and hold them to maturity: Sandeep Bagla
Tag News
![](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2023/09/cc796169e4f7c012914c95f4a8efe430.jpg)
Weekly Market Analysis : Markets strengthened recovery and gained nearly 2% in the passing w...
![Weekly market outlook : The market is eagerly awaiting data on inflation and industrial production to provide further guidance Says Vinod Nair, Geojit Financial Services](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2023/09/5f1fa5f12be5ac87ff9258ea3909f0f8.jpg)
![Market Quote : Benchmark Indices ended the week today just a few percentage away from record highs Says S Ranganathan, LKP securities](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2023/09/f33c3d1dad571464e55a94475ae32892.jpg)
![Daily Market Commentary : Nifty closed higher for the sixth straight day with gains of 93 points (+0.5%) at 19820 levels Says Mr. Siddhartha Khemka, Motilal Oswal](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2023/09/009b2b15289ce4f7e143526434c946d5.jpg)
More News
![](https://portfolio.investmentguruindia.com/uploads/news/geojit Financial Services.jpg)
Geojit Market Watch: US yields drag Asia lower. May derivatives expire today - Geojit Financ...
![Intraday dip towards 18415-18445 should be used to create intraday long positions for target of 18529 - ICICI Direct](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2022/12/906739feb44c79acd335c66c837913e6.jpg)
![If BANK NIFTY trades above this level then we may witness a further rally up to 34925-35295-35805 levels - Axis Securities](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2021/06/a143b4b4176cf822eb416ba1b5a8d8b0.jpg)
![The broader market continued with its record setting spree over seventh consecutive session - ICICI Direct](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2023/06/5403ccb37f22720c476f8db5ad636182.jpg)