Buy Capital First Ltd For Target Rs.920.00 - Choice Broking

* On daily chart stock has given a breakout from a year long consolidation at 796 – 800 level. The ongoing consolidation can be termed as an ‘inverted head & shoulder’ pattern which has bullish implications.

* After breakout the stock consolidated for 4-5 days in the breakout candle which is a healthy sign.

* On daily and weekly chart the stock has been

19/09/2017 5:05:23 PM | Posted in Broking Firm Views - Short Term Report read full news
Buy Kanoria Chemicals and Industries Ltd For Target Rs.94.00 - Choice Broking

* On a daily chart, the stock has started to trade above the 50 days exponential moving average with above average volume which shows a positive trend in the counter.

* Moreover, the stock has been trading above the upward trend line of its last low of 68.95 which indicates a further upward movement in the counter.

* A daily momentum indicator RSI reading is at 66.54 level,

19/09/2017 4:56:05 PM | Posted in Broking Firm Views - Short Term Report read full news
Buy Chambal Fertilisers and Chemicals Ltd For Target Rs.169.00 - Choice Broking

* On a daily chart, the stock has been trading in an uncharted territory with ample volume after giving a breakout of its consolidation phase which shows that the stock has shifted its momentum to a new zone and may continue further in coming trading sessions.

* Besides, the stock has moved out of its consolidation phase with the gradual increase in volume which may lead the stoc

19/09/2017 3:39:00 PM | Posted in Broking Firm Views - Short Term Report read full news
Buy Escorts Ltd For Target Rs.715.00 - Choice Broking

* On a weekly chart, we can see a positive movement after the Bullish Harami Candlestick formation which is a sign of a reversal of the downward trend.

* On a daily chart, the stock has been trading above the 100 days exponential moving average which shows a positive trend in the counter.

* On an hourly chart, the stock has given a breakout of its upper band of the Symmetric

19/09/2017 3:29:03 PM | Posted in Broking Firm Views - Short Term Report read full news
Buy Cipla Ltd For Target Rs.604.00 - Reliance Sec

* Cipla has retraced 75% of prior up-move (Rs525-594) amidst weakness in the Pharma sector, where its long-term moving average 100-DSMA worked as key reversal point for the stock (on a closing basis) and helped it to give break-out from the intermediate falling trend line.

* Rise in the key technical indicators-RSI and MACD post their positive cross-over is signalling strength in the

19/09/2017 3:06:01 PM | Posted in Broking Firm Views - Short Term Report read full news
Buy Central Depository Services India Ltd For Target Rs.450.00 - Reliance Sec

STOCK IN FOCUS

* Central Depository Services’ (CDSL) stock price rose by 4% in yesterday’s trade, while the BSE Sensex rose 0.5%.

* CDSL’s business is characterised by a high degree of predictability and profitability, with the company earning >35% of revenue from annual issuer charges in FY17, which are likely to remain

19/09/2017 3:02:20 PM | Posted in Broking Firm Views - Short Term Report read full news
Technical Recommendation 18th September 2017

SCRIP NAME AND SYMBOL - Biocon Limited

TECHNICAL RATIONALE – BIOCON, after consolidating in a range of 325-350, has witnessed a breakout today i.e. on Sept 18 and likely to fill the gap, closer to 375 level in near future. Traders are advised to use any dip in the given range to accumulate fresh.

19/09/2017 11:47:25 AM | Posted in Broking Firm Views - Short Term Report read full news

Derivatives Ideas Apollo Tyres Ltd For Target Rs.7.20 - Religare Secs

Derivative Ideas

APOLLOTYRE added around 10% in open interest as fresh long positions with some delivery based buying in previous session. Current chart pattern too indicate fresh surge in price. We suggest buying APOLLOTYRE September call options as per levels mentioned below.

 

Strategy:

19/09/2017 11:39:03 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy Bharti Infratel Ltd For Target Rs.415.00 - Religare Sec

Bharti Infratel Limited

INFRATEL was consolidating in narrow range near its major moving averages(200/100/50 EMA) on daily chart and witnessed swift rebound today, which has result in formation of fresh buying pivot too. Traders shouldn’t miss this opportunity and go long in the given range.

19/09/2017 11:29:49 AM | Posted in Broking Firm Views - Short Term Report read full news

Buy City Union Bank Ltd For Target Rs.184.00 - Choice Broking

* On a daily chart, the stock has been trading as per the Momentum Triple Pattern theory on weekly and monthly chart which signifies a bullish sentiments in the counter.

* Moreover, we can see a positive crossover of the 20*50 days exponential moving averages with an increase in volume activity which may cause for an upward movement in the counter.

* A daily momentum indicat

18/09/2017 5:30:22 PM | Posted in Broking Firm Views - Short Term Report read full news
Buy Bharti Infratel Ltd For Target Rs.405.00 - Choice Broking

* On a daily chart, the stock has given a breakout of its downward sloping trend line with an increase in volume activity which indicates an upside move in the counter from the present level.

* Moreover, the stock has started to trade above the 100-day exponential moving average which shows that the stock may further propel its upside move.

* On a weekly chart, the stock has

18/09/2017 4:12:31 PM | Posted in Broking Firm Views - Short Term Report read full news
Buy ONGC Ltd For Target Rs.192.00 - Choice Broking

* In 1955, Government of India decided to develop the oil and natural gas resources in the various regions of the country as part of the Public Sector development. With this objective, an Oil and Natural Gas Directorate was set up towards the end of 1955, as a subordinate office under the then Ministry of Natural Resources and Scientific Research. The department was constituted with a nucleus o

18/09/2017 12:21:33 PM | Posted in Broking Firm Views - Short Term Report read full news
Sell Dish TV Ltd For Target Rs.73.00 - Religare Sec

Dish TV India Limited

DISHTV has been trading in a downtrend for last almost five months and currently hovering around the resistance zone of moving averages on multiple time frames. The chart pattern indicates fresh breakdown in near future.

18/09/2017 12:03:32 PM | Posted in Broking Firm Views - Short Term Report read full news
Buy Federal Bank Ltd For Target Rs. 3.75.00 - Religare Sec

Strategy:-

FEDERALBNK added around 10% in open interest as fresh long positions with some delivery based buying in previous session. Current chart pattern too indicate fresh surge in price. We suggest buying FEDERALBNK September call options as per levels mentioned below.

Strategy:

Buy FEDERALBNK SE

16/09/2017 3:24:29 PM | Posted in Broking Firm Views - Short Term Report read full news
Derivative Ideas Nifty - Religare Sec

DERIVATIVES OUTLOOK

*  Nifty futures volume weighted average price (VWAP) is at 9940 and Banknifty futures is at 24420.

*  Call writing was seen at Nifty 10100 strike and Put writing was seen at Nifty 9900 strikes.

*  Maximum positions are at 10200 CE and 9900 PE. Nifty is expected to be in the range of 9950-10200.

16/09/2017 3:22:15 PM | Posted in Broking Firm Views - Short Term Report read full news
Accumulate Berger Paints (I) Ltd For Target Rs. 310.00 - Religare Sec

Investment Rationale

*  Berger Paints India Ltd. is the second largest decorative paint player in India with a market share of ~ 19%. The company offers a variety of innovative painting solutions to its customers in decorative and industrial segment with its strong distribution network comprising of 75 stock points and 15,000+ paint retailers.

16/09/2017 3:02:55 PM | Posted in Broking Firm Views - Short Term Report read full news
Buy Redington India Ltd For Target Rs.177.00 - Choice Broking

* On a daily chart, the stock has been trading as per the Momentum Triple Pattern theory which signifies bullish sentiments in the counter.

* Moreover, the stock has given a breakout of its horizontal trend line, placed at 165 with rise in volume activity which is a positive sign.

* A daily momentum indicator RSI reading is at 70.76 level, trending in an overbought zone whic

15/09/2017 4:59:23 PM | Posted in Broking Firm Views - Short Term Report read full news
Buy Suven Life Sciences Ltd For Target Rs.220.00 - Choice Broking

* On weekly chart, the stock is bouncing back after taking support at trend-line constructed by joining the swing lows of 19th Feb’2016 and 11th Nov’2016.

* The mentioned trend-line is near to the 233 – WMA forming a strong support.

* On a weekly chart, the stock has breached above the 38.2% Fibonacci Extension level of its last swing (254.70-461.45-360) wh

15/09/2017 4:51:55 PM | Posted in Broking Firm Views - Short Term Report read full news
Buy Britannia Industries Ltd For Target Rs.4,570.00 - Choice Broking

* The stock has been trading in an uncharted territory with ample volume activity which suggests a further upside movement in the counter.

* On a daily chart, the stock has given a breakout of its consolidation phase and the last strong distribution level of 4339 which may cause a northward movement in the counter.

* On a monthly chart, the stock has been trading with Higher

15/09/2017 4:14:23 PM | Posted in Broking Firm Views - Short Term Report read full news
Buy Uflex Ltd For Target Rs.485.00 - Choice Broking

* On a daily chart, the stock has been trading as per the Momentum Triple Pattern theory in all the time frames such as daily, weekly & monthly chart which suggests bullish sentiments in the counter.

* Moreover, the stock has given a breakout of its consolidation phase with rise in volume activity which indicates a further upside movement in the counter.

* On a weekly ch

15/09/2017 4:10:06 PM | Posted in Broking Firm Views - Short Term Report read full news
Buy Axis Bank Ltd For Target Rs.600.00 - Reliance Sec

* Axis Bank closed 4% higher, outperforming benchmark NIFTY. The Bank has started FY18 with positive surprise on asset quality front led by sequentially lower fresh slippages, moderation in credit cost along with stable overall asset quality.

* Its Watch List has substantially declined to 2.1% of total loan book from the level of 6.7% in Mar’16, which clearly indicates that

15/09/2017 4:04:20 PM | Posted in Broking Firm Views - Short Term Report read full news
Derivative Ideas Siemens Ltd For Target Rs.32.00 - Religare Sec

Derivative Ideas

SIEMENS added around 8% in open interest as fresh long positions with some delivery based buying in previous session. Current chart pattern too indicate fresh surge in price. We suggest buying SIEMENS September call options as per levels mentioned below.

 

Strategy:

15/09/2017 12:12:58 PM | Posted in Broking Firm Views - Short Term Report read full news
Sell PC Jeweller Ltd For Target Rs.325.00 - Religare Sec

PC Jeweller Limited

After making a record high, PCJEWELLER has been witnessing profit booking for last one month. Its chart pattern indicates possibility of further slide thus traders should use any bounce to go short in the given range.

15/09/2017 12:10:50 PM | Posted in Broking Firm Views - Short Term Report read full news
Buy V-Guard Industries Ltd For Target Rs.215.00 - Religare Sec

V-Guard Industries Limited

Post breakout from its trading range that lasted for almost four months, VGUARD has retraced marginal of late and reached closer to the support zone around 190 level, offering fresh opportunity to enter. We suggest traders to utilize this pause and accumulate fresh longs in the given range.

15/09/2017 12:00:21 PM | Posted in Broking Firm Views - Short Term Report read full news