Derivative Ideas Nifty For Target Rs.110.00 - Religare Sec

Derivative Ideas

NIFTY futures added fresh long build up in terms of open interest . Nifty futures has rolled around 74% into June contract. Call buying was seen at 9600 strike and put writing was seen at 9400 & 9300 strike. We suggest buying nifty 9600 CE as per levels given below.

 

Strateg

29/05/2017 2:19:57 PM | Posted in Broking Firm Views - Short Term Report read full news
Buy Reliance Industries Ltd For Target Rs.1,380.00 - Religare Sec

Reliance Industries Limited

RELIANCE, after a sharp rally, has witnessed marginal profit taking and reached closer to its support zone of short term moving averages on daily chart. We feel it’s a healthy correction, offering traders to initiate long trades in the stock.

29/05/2017 2:15:46 PM | Posted in Broking Firm Views - Short Term Report read full news

Buy Indiabulls Housing Finance Ltd For Target Rs.1,150 - Religare Sec

Indiabulls Housing Finance Limited

IBULHSGFIN, after retracing marginally from its record high, took support at the short term moving average around 1020 and rebound strongly on Friday i.e. 26th May. All indications are in the favour of recovery to continue.

29/05/2017 2:02:40 PM | Posted in Broking Firm Views - Short Term Report read full news

Derivative Ideas Nifty For Target Rs.100.00 - Religare Sec

DERIVATIVES OUTLOOK

*  Nifty futures volume weighted average price (VWAP) is at 9380 and Banknifty futures is at 22800.

*  Nifty futures closed with premium of around 25 points implying fresh long buildup.

*  Nifty put writing was seen at 9500 strike. Maximum positions are still at 9400 PE and 9600 CE.

* &nb

27/05/2017 4:51:34 PM | Posted in Broking Firm Views - Short Term Report read full news
Accumulate HSIL Ltd For Target Rs.410.00 - Religare Sec

Investment Rationale

*  HSIL Limited is a diversified, consumer focused organization, with leadership position in sanitaryware and glass containers industries. While in the bathroom fittings business, the company has already reached #3 positions in the faucet category, it is concurrently gaining considerable market traction in the newly launched

27/05/2017 4:28:22 PM | Posted in Broking Firm Views - Short Term Report read full news
Derivative Ideas Nifty For Target Rs.65.00 - Religare Sec

Derivative Ideas

NIFTY futures added around 14.20% of open interest as fresh long positions. Nifty futures has rolled around 68% into June contract. Call buying was seen at 9600 strike and put writing was seen at 9400 & 9300 strike. We suggest buying nifty 9600 CE as per levels given below.

 

26/05/2017 11:24:50 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy Siemens Ltd For Target Rs.1,420 - Religare Sec

Siemens Limited (SIEMENS)

SIEMENS, after a strong up move, has witnessed marginal profit taking and reached closer to its major support zone around 1320. We feel it is a healthy correction and expect swift rebound from the current levels.

26/05/2017 11:21:52 AM | Posted in Broking Firm Views - Short Term Report read full news

Buy The Federal Bank Ltd For Target Rs.122.00 - Religare Sec

The Federal Bank Limited (FEDERALBNK)

After a sharp rally, it has retraced marginal from the top and took support around the short term moving averages on daily chart. And now, it looks all set to resume the uptrend. Traders can buy fresh in the given range.

26/05/2017 11:14:25 AM | Posted in Broking Firm Views - Short Term Report read full news

Derivative Ideas Nifty For Target Rs.86.00 - Religare Sec

Derivative Ideas

NIFTY added around another 16% of open interest as short positions. It has rolled around 53% into next contact so far. We are anticipating some 60-80 points move on expiry. Hence, we suggest doing a long straddle in NIFTY as per levels mentioned below.

 

Strategy:

25/05/2017 11:21:05 AM | Posted in Broking Firm Views - Short Term Report read full news
Sell Hindalco Industries Ltd For Target Rs.175.00 - Religare Sec

Hindalco Industries Limited (HINDALCO)

HINDALCO has been consolidating in a narrow range for past three months. After the recent plunge, it has reached closer to the lower band of that consolidation range and likely to witness breakdown from the same. Use any technical bounce to go short in the recommended range.

25/05/2017 11:16:29 AM | Posted in Broking Firm Views - Short Term Report read full news

Buy IndusInd Bank Ltd For Target Rs.1495 .00 - Religare Sec

IndusInd Bank Limited (INDUSINDBK)

INDUSINDBK has been holding firmly above its crucial support zone of multiple moving averages on daily chart despite recent corrective bias across the board. And, after the recent pause, it now looks all set for rebound. Traders can accumulate in the given range.

25/05/2017 11:13:23 AM | Posted in Broking Firm Views - Short Term Report read full news

Derivative Ideas Infosys Ltd For Target Rs.30.00 - Religare Sec

Derivative Ideas

INFY added around 35% of open interest as fresh short positions. It has rolled around 42% into next contract so far. On charts, it is trading below its long term as well as medium term moving on daily charts. Keeping in mind short buildup and current chart patterns, we suggest buying INFY June 940 PE as per levels ment

24/05/2017 12:22:21 PM | Posted in Broking Firm Views - Short Term Report read full news
Sell Idea Cellular Ltd For Target Rs.77.00 - Religare Sec

Idea Cellular Limited

After hovering in a narrow range below its major moving averages for almost two months, IDEA has formed a fresh shorting pivot on daily chart. Traders can use any technical bounce to initiate fresh short positions in the given range.

24/05/2017 12:18:23 PM | Posted in Broking Firm Views - Short Term Report read full news

Buy Havells India Ltd For Target Rs.470.00 - Religare Sec

Havells India Limited

HAVELLS has witnessed a sharp correction from its top and reached closer to its support zone of medium term moving averages placed around 445 on daily chart. We expect consolidation to take place now, followed by rebound. Traders can use this phase to accumulate fresh long positions.

24/05/2017 12:14:19 PM | Posted in Broking Firm Views - Short Term Report read full news

Technical Recommendation 23rd May 2017

SCRIP NAME AND SYMBOL - Marico Limited (MARICO)

TECHNICAL RATIONALE – MARICO has been consolidating around its record high for last one month and formed a fresh buying pivot. The strength in the FMCG pack and its chart formation are indicating strong surge ahead. We recommend initiating long positions in the given

23/05/2017 2:09:57 PM | Posted in Broking Firm Views - Short Term Report read full news
Derivative Ideas Castrol India Ltd For Target Rs.410.00 - Religare Sec

Derivative Ideas

CASTROLIND added around 25% of open interest as short positions. Daily vwap is around 427 levels. On charts, it has created a selling pivot on multiple time frames. We recommend selling CASTROLIND May futures as per levels mentioned below.

 

Strategy:

23/05/2017 12:00:07 PM | Posted in Broking Firm Views - Short Term Report read full news
Buy Tata Chemicals Ltd For Target Rs.630.00 - Religare Sec

Tata Chemicals Limited

TATACHEM has been witnessing profit taking of late from its record high and reached closer to its immediate support zone of moving averages and likely to consolidate around the current level. Traders are advised to use this phase to accumulate fresh in the given range.

23/05/2017 11:45:19 AM | Posted in Broking Firm Views - Short Term Report read full news

Buy Dish TV India Ltd For Target Rs.104.00 - Religare Sec

Dish TV India Limited

After a strong surge of late, DISHTV is witnessing marginal profit taking and retraced closer to its support zone of short-term moving averages on daily chart. We recommend traders to initiate fresh long positions in the given range.

22/05/2017 12:11:15 PM | Posted in Broking Firm Views - Short Term Report read full news

Derivative Ideas Nifty For Target Rs.30.00 - Religare Sec

DERIVATIVES OUTLOOK

*  Nifty futures volume weighted average price (VWAP) is at 9370 and Banknifty futures is at 22600.

*  Nifty and Banknifty futures closed with premium of around 19 & 25 points respectively.

*  Nifty call writing was seen at 9500 strike, put buying (unwinding by writers) was seen at 9500 strike.

20/05/2017 4:34:50 PM | Posted in Broking Firm Views - Short Term Report read full news
Derivative Ideas Nifty For Target Rs.56.00 - Religare Sec

Derivative Ideas

Put buying (unwinding by writers) was seen at 9500 & 9400 strikes. Huge call writing was seen at 9500 strike. We suggest buying Nifty May 9400 PE as per levels mentioned below.

 

Strategy:

BUY NIFTY MAY 9400 PE BETWEEN 36-38, SL 26, TARGET 56.

 

19/05/2017 9:37:48 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy ITC Ltd For Target Rs.288.00 - Religare Sec

ITC Limited

ITC has been consolidating in a narrow range for last two months and currently hovering around lower band of its range, offering an opportunity to the traders for fresh longs

 

19/05/2017 9:30:51 AM | Posted in Broking Firm Views - Short Term Report read full news
Derivative Ideas Mahanagar Gas Ltd For Target Rs.1,010.00 - Religare Sec

Derivative Ideas

MGL added around 14% of open interest as long positions along with some delivery based buying in previous session. On charts, it has created a buying pivot on daily as well as on intraday charts. it is also trading above important exponential moving averages in higher highs - higher lows formation on daily charts. We r

18/05/2017 1:44:13 PM | Posted in Broking Firm Views - Short Term Report read full news