Derivative Ideas - Buy Nifty For Target Rs.80.00 - Religare Sec

Derivative Ideas

NIFTY futures added around 14.6% of open interest as long positions. It has rolled 49% into next series so far. Put writing was seen at 8900 and call writing was seen at 9000 strike. We suggest doing bull spread as per levels mentioned below.

 

Strategy:

23/02/2017 11:32:31 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy LIC Housing Finance Limited For Target Rs.595.00 - Religare Sec

LIC Housing Finance Limited (LICHSGFIN)

LICHSGFIN is trading strong above 50/100/200 EMAs on daily charts. It is all set for fresh upside breakout on daily as well as on weekly charts. Hence, we suggest traders to go long in the stock as per mentioned levels.

 

23/02/2017 11:28:28 AM | Posted in Broking Firm Views - Short Term Report read full news

Buy Hindustan Unilever Limited For Target Rs.900.00 - Religare Sec

Hindustan Unilever Limited (HINDUNILVR)

HINDUNILVER is holding strong above its short term as well as long term moving averages on daily charts. At current juncture, it is trading on verge of breakout from congestion zone of last six weeks or so. We suggest to initiate fresh long positions as per mentioned levels.

 

23/02/2017 11:25:06 AM | Posted in Broking Firm Views - Short Term Report read full news
Technical Recommendation 22nd February 2017

Berger Paints Limited (BERGEPAINT )

TECHNICAL RATIONALE – BERGERPAINT, after consolidating around its long term averages on the daily chart, has formed a fresh buying pivot and likely to witness fresh surge in the near future. Traders should use this pause to accumulate in the given range.

 

22/02/2017 1:19:01 PM | Posted in Broking Firm Views - Short Term Report read full news
Buy Axis Bank For Target Rs.18.00 - Religare Sec

Derivative Ideas

AXISBANK added around 32% of open interest as fresh long positions. It has rolled around 41% into next contact. Call buying (unwinding buy writers) was seen at 490 & 500 strikes, put writing was seen at 490 & 500 strikes. It has also witnessed upside breakout from congestion zone of last four months and so with

22/02/2017 12:56:38 PM | Posted in Broking Firm Views - Short Term Report read full news
Buy Siemens Ltd For Target Rs.1320.00 - Religare Sec

Siemens Limited( SIEMENS)

After consolidating around its long term averages on the daily chart, Siemens now look all set for an up move. The confirmation oscillators are also in agreement to the chart pattern. Traders can utilize this phase to accumulate this stock.

 

22/02/2017 12:53:39 PM | Posted in Broking Firm Views - Short Term Report read full news

Derivative Ideas Nifty For Target Rs.34 - Religare sec

Derivative Ideas

NIFTY futures added around 5% of open interest as long positions. It has rolled around 20% into next contract so far. Call buying was seen at 8900 strike and huge put writing was seen at 8800 strike. We recommend doing bull spread in nifty as per levels given below.

 

21/02/2017 12:54:24 PM | Posted in Broking Firm Views - Short Term Report read full news
Buy Kotak Mahindra Bank Ltd For Target Rs.12.00 - Religare Sec

Derivative Ideas

KOTAKBANK added around 16.70% of open interest as long positions along with some delivery based buying in previous session. Call buying (unwinding by writers) was seen at 800 strikes. We recommend buying Kotak bank 800 CE as per levels given below.

 

Strategy

20/02/2017 12:36:22 PM | Posted in Broking Firm Views - Short Term Report read full news
Sell Adani Ports & Special Economic Zone Ltd For Target Rs.270.00 - Reliance Sec

Positional Pick: ADANI PORTS

* The stock reversed forming Double Top pattern around Rs317 and later slipped to four week closing low.

* Negative cross-over in Stochastic & RSI are signaling about weakness in the stock.

*We believe the stock will remain in pressure for the short-term and will find support around medium to long-te

20/02/2017 12:26:15 PM | Posted in Broking Firm Views - Short Term Report read full news
Buy LIC Housing Finance Ltd For Target Rs.570.00 - Religare Sec

LIC Housing Finance Limited (LICHSGFIN)

Post indecisive move that lasted for two weeks, LICHSGFIN settled on positive note on back of strong volume, indicating buyers interest. Hence we advocate buying this stock in the given range.

20/02/2017 12:19:08 PM | Posted in Broking Firm Views - Short Term Report read full news

Buy MOIL Ltd For Target Rs.409.00 - Reliance Sec

STOCK IN FOCUS

*MOIL closed ~2% higher outperforming the CNX Mid-cap index by 1% f The company recently announced its 3QFY17 results which topped ours as well as street estimates

* Its sales volumes zoomed by 154% YoY and 12% QoQ to 348,000 tonne, while blended realization surged by 64% YoY and 61% QoQ to Rs9,394/tonne

* EBITDA rose

20/02/2017 12:14:11 PM | Posted in Broking Firm Views - Short Term Report read full news
Buy Petronet LNG Ltd For Target Rs.430.00- Religare Sec

Religare Super Ideas

Petronet LNG Limited (PETRONET)

PETRONET managed fresh breakout on 17th February, from trend line resistance barrier placed on the daily chart. The breakout was supported by decent volume, indicating buyers interest at current levels. Hence we suggest traders to go for long position in th

20/02/2017 12:04:47 PM | Posted in Broking Firm Views - Short Term Report read full news
Buy Kotak Mahindra Bank Ltd For Target Rs.12.00 - Religare Sec

Strategy:

KOTAKBANK added around 16.70% of open interest as long positions along with some delivery base buying in previous session. Call buying (unwinding by writers) was seen at 800 strikes. We recom-mend buying Kotak bank 800 CE as per levels given below.

 

Strategy

18/02/2017 4:28:34 PM | Posted in Broking Firm Views - Short Term Report read full news
Derivative Ideas For Nifty - Religare Sec

DERIVATIVES OUTLOOK

* Nifty Feb futures volume weighted average price (VWAP) is at 8700 and Banknifty futures is at 20020.

* Put writing was seen at 8800 strike and call buying (unwinding by writers) was seen at 8800 & 9000 strikes.

* Highest positions are still at 8500 PE and 9000 CE.

* Nifty is expected to be in the

18/02/2017 4:24:50 PM | Posted in Broking Firm Views - Short Term Report read full news
Buy Sonata Software Ltd For Target Rs.230.00 - Religare Sec

Investment Rationale

* Sonata Software Ltd is an IT services and Solutions Company and it is involved in the provision of IT services and solutions to its customers, and distribution of software products in India. The company operates in two major business units: international IT services (IITS) and domestic products and services (DPS).

* It

18/02/2017 3:51:38 PM | Posted in Broking Firm Views - Short Term Report read full news
Derivative Ideas Hindustan Zinc Ltd For Target Rs.10.00 - Religare

Derivative Ideas

HINDZINC added around 3.7% of open interest as fresh long positions. Call buying (unwinding by writers) was seen as 305 & 310 strike. On charts, it is trading above short term as well as long term moving averages in higher highs higher lows formation. We expect it to test 320 levels in short term. We recommend buying HINDZINC 305 C

17/02/2017 12:03:27 PM | Posted in Broking Firm Views - Short Term Report read full news
Derivative Ideas Arvind Ltd For Target Rs.7.80 - Religare

Derivative Ideas

ARVIND added around 4.6% of open interest as fresh short positions. Daily vwap is around 373 levels. Call writing was seen at 380 strike and put buying (unwinding by writers) was seen at 360 strike. We suggest buying 360 PE as per levels given below.

Strategy: BUY ARVIND 360 PE AT 2.80-3.20, S

16/02/2017 12:42:01 PM | Posted in Broking Firm Views - Short Term Report read full news
Sell  Shriram Transport Finance Company Limited For Target Rs.975.00 - Religare

Shriram Transport Finance Company Limited (SRTRANSFIN)

SRTRANSFIN was trading in narrow range, just below the confluence zone of its important medium and long-term averages (100/200 EMA) on daily chart. Yesterday, i.e. 15th February, profit taking was witnessed on back of strong volume, indicating weakness to continue.

16/02/2017 12:33:03 PM | Posted in Broking Firm Views - Short Term Report read full news

Buy Marico Limited  For Target Rs.285.00 - Religare

Marico Limited (MARICO)

After spending more than a month around its support zone i.e. 257 level, MARICO has registered a breakout on 7th February, supported by volume. Currently, signs of profit taking are visible, as its over all trend is positive; hence, we suggest traders to buy on dips.

16/02/2017 12:18:56 PM | Posted in Broking Firm Views - Short Term Report read full news

Sell Power Grid Corporation of India Ltd For Target Rs.189.00 - Reliance Sec

Technical Research

* The stock is making lower tops on daily and weekly charts, after forming a high at 209 levels and it is facing continuous pressure in the past few days.

* The key technical indicators and RSI has also reversed turning downwards and the stock is in poised for a breakdown from current levels.

* The stock has close

15/02/2017 11:24:39 AM | Posted in Broking Firm Views - Short Term Report read full news