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.
After a marginal profit booking from its top, BHARATFIN has swiftly rebounded of late from its 50-day moving averages on daily chart. The chart looks upbeat from hereon and all set for a fresh up move in near future.
21/11/2017 12:55:41 PM|Posted in Broking Firm Views - Short Term Reportread full news
* 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
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 Reportread full news
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 Reportread full news
* 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
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.
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.
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.
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.
ZEEL has been consolidating in a broader range of 500-550 levels for past one month or so and likely to witness breakout from the same in near future. We suggest using any dip in the given range to initiate fresh longs.
16/11/2017 11:53:10 AM|Posted in Broking Firm Views - Short Term Reportread full news
* 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
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.
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
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
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.
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.