Buy Balrampur Chini Mills Ltd For Target Rs.175.00 - Reliance Sec

* The stock reversed after taking support of its long-term moving average 200-day SMA and rose to 5-day closing high.

* Positive cross-over in the key technical indicators- Stochastic and RSI are signaling that the stock is on a verge of turnaround. Recovery in MACD is also coinciding with our view.

* As per the current daily set-up, we believe that the stock will soon resum

21/11/2017 1:16:37 PM | Posted in Broking Firm Views - Short Term Report read full news
Buy Torrent Power Ltd For Target Rs.16.00 - Religare Sec

Derivative Ideas

TORNTPOWER added around 4.09% in open interest as long buildup was seen in it. Current chart pattern too indicate fresh surge in price. We suggest buying TORNTPOWER November Options as per levels mentioned below.

Strategy: Buy TORNTPOWER NOV 270CE BETWEEN 7-8, SL-4, TGT-16.

 

Buy Shipping Corporation Of India Ltd For Target Rs.102.00 - Choice Broking

* On a daily chart, the stock has been continuously taking a support of its 100 days moving average which is placed at 90.30 level which shows short to medium term trend is up.

* Moreover, the stock has formed a Bullish Harami candlestick formation with the help of 100 days moving average which is considered as a bullish reversal formation and indicates an upside movement in the count

20/11/2017 5:59:35 PM | Posted in Broking Firm Views - Short Term Report read full news
Buy Mahindra Holidays and Resort India Ltd For Target Rs.370.00 - Choice Broking

* On hourly chart, the stock has given a breakout of its neckline of double bottom formation which is a bullish reversal formation.

* On a weekly chart, the stock has taken support of its rising trend line which is a positive sign for the counter.

* Moreover, the stock is trading above its 50 weeks exponential moving average which shows the strength in the counter.

20/11/2017 5:49:49 PM | Posted in Broking Firm Views - Short Term Report read full news
Buy Tata Communication Ltd For Target Rs.750.00 - Religare Sec

Tata Communications Limited

TATACOMM has been consolidating while holding firmly above its crucial support zone of long term moving averages. After the recent pause, it is now all set for a fresh surge. We suggest traders to accumulate in the given range.

 

20/11/2017 12:06:36 PM | Posted in Broking Firm Views - Short Term Report read full news

Buy Gail India Ltd For Target Rs.460.00 - Religare Sec

GAIL (India) Limited

GAIL has retraced considerably from its record high and currently trading around the support area of short-term moving averages on daily chart. Existences of support and confirmation indicators are pointing towards a strong rebound ahead.

 

20/11/2017 12:02:30 PM | Posted in Broking Firm Views - Short Term Report read full news

Accumulate Karnataka Bank Ltd For Target Rs.195.00 - Religare Sec

Karnataka Bank Ltd.

Investment Rationale

*  Karnataka Bank (KTK) is one of the oldest private sector banks with a strong regional presence in the Karnataka State. The bank has transformed itself towards higher retail book which is expected to drive growth in profitability. Karnataka state continues to r

18/11/2017 11:00:25 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy Raymond Ltd For Target Rs.40.00 - Religare Sec

Strategy - RAYMOND shed around 1.40% in open interest as short covering was seen in it. Current chart pattern too indicate fresh surge in price. We suggest buying RAYMOND November Options as per levels mentioned below.

 

Strategy - Buy RAYMOND NOV 960CE BETWEEN 18-19, SL-9, TGT-40.

 

18/11/2017 10:52:34 AM | Posted in Broking Firm Views - Short Term Report read full news
Derivatives Ideas For NIfty - Religare Sec

DERIVATIVES OUTLOOK

* Nifty futures volume weighted average price (VWAP) is at 10350 and BankNifty futures is at 25100.

* Call writing was seen at Nifty 10600 strike and Put writing was seen at Nifty 10150 strikes.

* Maximum positions are at 10500 CE and 10000 PE. Nifty is expected to be in the range of 10100-10500.

* Rea

18/11/2017 10:48:10 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy Indian Oil Corporation Ltd For Target Rs.408.00 - Religare Sec

Derivative Ideas

IOC has fresh long buildup in nov futures. Huge put writing also seen at 380 strike with highest put option open interest at that strike. We expect the stock to witness more buying and race towards 408 levels in the short term.

Strategy: Buy IOC NOV @ 388-390 sloss at 378,target 408.

17/11/2017 11:29:41 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy DLF Ltd For Target Rs.222.00 - Religare Sec

DLF Limited

DLF has rebounded strongly of late after testing support zone of short term moving averages around 193 and formed a fresh buying pivot. Traders can utilize any dip to initiate fresh longs in the given range.

 

17/11/2017 11:25:34 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy Jet Airways Ltd For Target Rs.30.00 - Religare Sec

Derivative Ideas

JET AIRWAYS has seen huge cash volume along with fresh short buildup in nov futures. Huge call writing also seen at 720 strike. We expect the stock to witness more selling and fall towards 665 levels in the short term.

Strategy: Buy JET AIRWAYS NOV 680 pe@15-17 sloss at 8,target 30.

16/11/2017 12:04:26 PM | Posted in Broking Firm Views - Short Term Report read full news
Buy Ashok Leyland For Target Rs.120.00 - Reliance Sec

* The stock has seen a sharp correction from its all time high of 134 levels to form a low in the current week and closed higher with positive price action.

* The key technical indicator RSI is in oversold region and a sharp pullback cannot be ruled out from current levels.

* The stock has completed its 50% corrective phase from (81-134) levels and is likely to hold its medi

15/11/2017 2:49:05 PM | Posted in Broking Firm Views - Short Term Report read full news
Positive On KEC International Ltd For Target Rs.372.00 - Reliance Sec

STOCK IN FOCUS

* KEC International (KEC) has delivered a strong performance in 2QFY18 with its net profit rising by 42% YoY to Rs894mn led by higher margin and lower interest cost. Despite higher commodity prices, KEC’s overall EBITDA margin expanded by 139bps YoY to 10.1% in 2QFY18 owing to absence of low-margin legacy orders in Water, Railways

15/11/2017 2:38:11 PM | Posted in Broking Firm Views - Short Term Report read full news
Buy Bata India For Target Rs.32.00 - Religare sec

Derivative Ideas

BATAINDIA added around 23% in open interest as short buildup was seen in it. Current chart pattern too indicate fresh fall in price. We suggest buying BATAINDIA November Options as per levels mentioned below.

Strategy: Buy BATAINDIA NOV 780PE between 16-17, SL– 10, TGT– 32.

15/11/2017 1:23:11 PM | Posted in Broking Firm Views - Short Term Report read full news
Sell Dr. Reddy`s Laboratories Ltd For Target Rs.2,250 - Religare Sec

Dr. Reddy's Laboratories Limited

Like majority pharma counters, DRREDDY is also trading under pressure for past couple of months and likely to maintain this bias ahead as well. On charts, after its failed attempts to cross its resistance barrier of moving averages around 2450 mark, it has formed a fresh shorting pivot. Traders shouldn’t miss

15/11/2017 1:19:40 PM | Posted in Broking Firm Views - Short Term Report read full news
Buy Escorts Ltd For Target Rs.740.00 - Religare Sec

Escorts Limited (ESCORTS)

After re-testing its record high, ESCORTS has witnessed a marginal correction of late and has formed a fresh buying pivot on daily chart. Today, it surged strongly from the support area with decent rise in volume, indicating possibility of fresh up move. We advise traders to use any dip in the given range to create fresh longs

15/11/2017 1:11:59 PM | Posted in Broking Firm Views - Short Term Report read full news
Sell Titan Industries Ltd For Target Rs.725.00 - Reliance Sec

* The stock has formed a swing high at 808 levels and making lower tops on daily charts with negative price trend.

* Reversal of cross-over in RSI from top is signaling about weakness in the stock.

* We believe the stock will remain under pressure for the short-term due to huge outperformance and can correct to its gap opening levels.

* Thus, short position can be

14/11/2017 1:17:49 PM | Posted in Broking Firm Views - Short Term Report read full news
Buy Federal Bank Ltd For Target Rs.150.00 - Reliance Sec

STOCK IN FOCUS

* Federal Bank closed 2.5% higher as compared to decline of 0.94% in benchmark NIFTY.

* We believe that the Bank will continue to deliver further improvement in operational performance led by improving loan book growth and changing portfolio-mix.

* The Bank continues to witness moderation in SMA-2 balance, which clear

14/11/2017 12:52:34 PM | Posted in Broking Firm Views - Short Term Report read full news
Buy Maruti Suzuki Ltd For Target Rs.125.00 - Religare Sec

Derivative Ideas

MARUTI added around 2.7% in open interest as short buildup was seen in it. Current chart pattern too indicate fresh fall in price. We suggest buying MARUTI November Options as per levels mentioned below.

Strategy: Buy MARUTI NOV 8000PE between 50-55, SL– 20, TGT– 125.

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14/11/2017 12:47:32 PM | Posted in Broking Firm Views - Short Term Report read full news
Sell Bharat Heavy Electricals Ltd For Target Rs.84.00- Religare Sec

Bharat Heavy Electricals Limited

After a decent recovery from the support zone around 82, BHEL failed to capitalize on those gains and witnessed stiff resistance around 100. It made few attempts but in vain and slipped strongly thereafter. Traders can use any bounce in the given range to initiate fresh shorts.

 

14/11/2017 12:44:55 PM | Posted in Broking Firm Views - Short Term Report read full news