Buy Parag Milk Foods Ltd For Target Rs.306.00 - Choice Broking

* On hourly chart, the stock has given a breakout of its downward sloping trend line, which suggests further thrust in the counter.

* Additionally, on the daily chart the stock has taken support of its 50 days exponential moving average which signifies strength in the stock.

* Moreover, the stock is trading above its 20 hourly exponential moving average with ample volume act

22/01/2018 5:00:07 PM | Posted in Broking Firm Views - Short Term Report read full news
Buy Cummins India Ltd For Target Rs.965.00 - Choice Broking

* On a daily chart, the stock has confirmed a “Bullish Hammer Candlestick” formation with a support of its 100 days moving average which signifies bullish reversal move in the counter.

* The stock has bounced back from its strong base at 904 level which is a 50% Retracement level of its previous move from 826 to 984 which indicates a demand formation after some correction.

22/01/2018 4:24:21 PM | Posted in Broking Firm Views - Short Term Report read full news
Stock Talk US court imposes $5 mn penalty on Dr Reddy`s over drug - Impact Negative - Arihant Capital

US court imposes $5 mn penalty on Dr Reddy's over drug. - Impact Negative

* The court in New Jersey imposed the fine after a complaint that Dr Reddy Laboratories (DRL) failed to comply with the Poison Prevention Packaging Act (PPPA) and the Consumer Product Safety Act (CPSA).

* A federal court in the US  imposed a USD 5 million civil

22/01/2018 4:15:09 PM | Posted in Broking Firm Views - Short Term Report read full news
Sell CESC Ltd For Target Rs.1040-970.00 - Reliance Sec

* The stock had formed “Double-Top” pattern around its life-time-high and slipped to 9-day low, signaling short-term weakness.

* Fall in RSI and negative cross-over of MACD is also coinciding with our view.

* The stock closed tad above its short-term moving average and Stochastic is reached to its oversold zone.

*  Though major technical indicators

22/01/2018 12:55:35 PM | Posted in Broking Firm Views - Short Term Report read full news
Update On Majesco Ltd - Reliance Sec

* Majesco Limited’s stock rose by 3.9% on Friday, while the BSE Sensex rose 0.7%. ff The company reported strong 2QFY18 results on the revenue front, which rose 8.8% QoQ in USD terms, led by strong order book growth seen in 1QFY18 (>20% QoQ); cloud revenue rose 28% QoQ, aided by the key IBM partnership.

* Good revenue growth drove a 395bps QoQ rise in EBITDA margin.

22/01/2018 12:46:12 PM | Posted in Broking Firm Views - Short Term Report read full news
Buy Godrej Consumer Products Ltd For Target Rs.1,225.00 - Choice Broking

• Godrej Consumer Products (GCPL) is a leader among India's Fast Moving Consumer Goods (FMCG) companies, with leading Household and Personal Care Products. The company's brands, which include Good Knight, Cinthol, Godrej No. 1, Expert, Hit, Jet, Fairglow, Ezee, Protekt and Snuggy, among others, are household names across the country. The company is one of the largest marketers of t

22/01/2018 12:12:56 PM | Posted in Broking Firm Views - Short Term Report read full news
Sell InterGlobe Aviation Ltd For Target Rs.1,270.00 - Religare Securities Ltd

InterGlobe Aviation Limited

After strong rebound, INDIGO has retraced marginal to its support zone of moving averages on daily chart and consolidating around the same. Indications are in the favor of fresh surge in near future. Traders shouldn’t miss this opportunity and accumulate in the mentioned zone.

22/01/2018 11:59:08 AM | Posted in Broking Firm Views - Short Term Report read full news

Buy Manappuram Finance Ltd For Target Rs.150.00 - Religare Sec

Manappuram Finance Ltd.

Investment Rationale

* Manappuram Finance (MFL), an NBFC is in the business of offering gold loans, microfinance, housing loans and commercial vehicles with a total customer base of 3.6mn. The company’s AUM comprises of gold loan (81%), microfinance (13%), housing finance (2.3%),

20/01/2018 11:23:26 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy Bharat Forge For Target Rs.765.00 - Religare Securities Ltd

Strategy - BHARATFORG shed around 0.37% in open interest as short covering was seen in it in previous session. Current chart pattern too indicate fresh surge in its price. We suggest buying BHARATFORG delivery as per below levels.

Strategy - Buy BHARATFORG between 722-725, SL– 705, TGT– 765

To Read Complete Report & Disclaimer

20/01/2018 11:14:38 AM | Posted in Broking Firm Views - Short Term Report read full news
Derivatives Ideas For Nifty - Religare Seurities Ltd

DERIVATIVES OUTLOOK

* Nifty futures volume weighted average price (VWAP) is at 10650 and BankNifty futures is at 25930.

*  Call writing was seen at Nifty 11200 strike and Put writing was seen at Nifty 10700 strikes.

*  Maximum positions are at 11000 CE and 10500 PE. Nifty is expected to be in the range of 10600-11000.

Buy DCM Shriram Ltd For Target Rs.630.00 - Choice Broking

* On a daily chart, the stock has given a breakout of its short term consolidation phase accompanied by increase in volume activity which suggests a good opportunity to make long position in the counter.

* Apart from this, the stock has been trading with a strong support of 50-DEMA which suggest a positive momentum in the stock.

* Even on an hourly chart, the stock has given

19/01/2018 4:39:13 PM | Posted in Broking Firm Views - Short Term Report read full news
Buy HCL Technologies Ltd For Target Rs.1,015.00 - Choice Broking

* On a weekly chart, the stock has given a breakout of ‘Rising Channel’ formation accompanied by increase in volume activity which suggests a good opportunity to make a long position in the counter.

* Moreover, on a daily chart, the stock has given a breakout of its “Rounding” formation which indicates an upside movement in the counter.

* The stock ha

19/01/2018 4:32:39 PM | Posted in Broking Firm Views - Short Term Report read full news
Buy Emami For Target Rs.1,370.00 - Reliance Securities Ltd

STOCK IN FOCUS

* Emami closed 2.5% higher in trade at Rs1270 compared to 0.3% increase in the benchmark Nifty.

* With flagship brands such as Navratna, Boroplus, Fair & Handsome and Zandu, Emami is the leading player in the FMCG market with market leadership in all four categories. Some of its flagship brands have demand that is seasonal

19/01/2018 4:22:08 PM | Posted in Broking Firm Views - Short Term Report read full news
Sell CESC Ltd For Target Rs.1030-970.00 - Reliance Sec

* The stock had formed “Double-Top” pattern around its life-time-high and slipped to 9-day low, signaling short-term weakness.

* Fall in RSI and negative cross-over of MACD is also coinciding with our view.

* The stock closed tad above its short-term moving average and Stochastic is about to reach its oversold zone.

* Though major technical indicators a

19/01/2018 12:31:50 PM | Posted in Broking Firm Views - Short Term Report read full news
Buy Tata Global Beverages Ltd For Target Rs.5.00 - Religare Sec

Derivative Ideas

TATAGLOBAL added around 1.53% in open interest as short buildup was seen in it in previous session. Current chart pattern too indicate fresh decline in its price. We suggest buying TATAGLOBAL options as per below levels.

Strategy: Buy TATAGLOBAL 300PE between 2.50-2.70, SL– 0.50, TGT&nda

19/01/2018 12:22:42 PM | Posted in Broking Firm Views - Short Term Report read full news
Buy Gail India Ltd For Target Rs.478.00 - Religare Sec

GAIL (India) Limited

GAIL has witnessed decent correction of late and now retraced closer to the support zone around 460. Considering its chart pattern and existence of moving averages support, we expect marginal consolidation followed by swift recovery in days to come. Traders can accumulate fresh on dips in the given range.

19/01/2018 12:15:43 PM | Posted in Broking Firm Views - Short Term Report read full news
Buy Dabur India Ltd For Target Rs.385.50 - Choice Broking

* On a daily chart, the stock has given a breakout of its “Rising Channel” formation also the stock has given a breakout of its range bound movement with increase in volume activity which indicates an upside movement in the counter.

* Apart from this, the stock has been trading with a strong support of 21-DEMA which suggest a positive momentum in the stock.

* Mor

19/01/2018 9:47:28 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy PVR Ltd For Target Rs.1,650.00 - Reliance Sec

* The stock moved higher after a trend line break-out, where its short-term moving averages and that break-out line worked as key reversal point and helped it to continue the northward journey.

* Major technical indicators-RSI and MACD are positively poised above their averages and recent price reversal will also support positive cross-over in Stochastic.

* We believe that t

18/01/2018 1:09:06 PM | Posted in Broking Firm Views - Short Term Report read full news
Buy NBCC (India) Ltd For Target Rs.300.00 - Reliance Sec

STOCK IN FOCUS

* NBCC continues to be a robust growth story owing to its PWO status and niche presence in redevelopment of government’s old colonies.

* Notably, order book stands at Rs750bn (12.2x TTM revenue) and offers unmatched growth visibility, going ahead. Its key redevelopment projects i.e. Pragati Maidan (Rs25bn) and Nauroji Nag

18/01/2018 1:04:34 PM | Posted in Broking Firm Views - Short Term Report read full news
Buy Oil India Ltd For Taregt Rs.400.00 - Religare Securities Ltd

Derivative Ideas

OIL added around 0.25% in open interest as long buildup was seen in it with some delivery based buying in previous session. Current chart pattern too indicate fresh surge in its price. We suggest buying OIL Delivery as per below levels.

Strategy: Buy OIL Delivery between 378-380, SL– 368

18/01/2018 1:01:52 PM | Posted in Broking Firm Views - Short Term Report read full news
Buy Piramal Enterprises Ltd For Target Rs.2,980.00 - Religare Sec

Piramal Enterprises Limited

PEL has formed a fresh buying pivot on daily chart while holding strongly above its short and medium term moving averages. Considering its chart pattern along with confirmations indicators, we expect a strong rally ahead.

18/01/2018 12:59:30 PM | Posted in Broking Firm Views - Short Term Report read full news

Buy GMR Infrastructure Ltd For Target Rs.28.00 - Religare Sec

GMR Infrastructure Limited

GMRINFRA has registered fresh breakout today i.e. on Jan 17 from its month long consolidation phase and likely to witness fresh surge ahead. We suggest traders to go long in the recommended zone.

18/01/2018 12:56:00 PM | Posted in Broking Firm Views - Short Term Report read full news

Buy Cadila Healthcare Ltd For Target Rs.462.00 - Choice Broking

* The stock has bounced back from its strong base at 428.50 which is 50.0% Fibonacci retracement of the rise from 401 to 455.50 which indicates more demand after a healthy correction.

* On an hourly chart, the stock has been trading with a strong support of its 200-hourly moving average which shows a positive trend of the stock.

*  Moreover, on a daily chart, the stock

17/01/2018 4:36:14 PM | Posted in Broking Firm Views - Short Term Report read full news