Derivative Ideas Oil India Ltd For Target Rs.345.00 - Religare Sec

Derivative Ideas

OIL added around 11.50% of open interest as fresh long positions along with some delivery based buying in previous session. On charts, it has created a fresh buying pivot near price support zone on daily charts. We suggest buying OIL April futures as per levels given below.

Strategy:

BUY OIL APR FUT

3/04/2017 8:02:55 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy NIIT Technologies Ltd For Tareget Rs.470.00 - Religare Sec

NIIT Technologies Limited

NIITTECH has registered fresh breakout from its consolidation phase with decent rise in volume. The current chart pattern indicates strong surge ahead. We suggest traders to initiate fresh long in the given range.

3/04/2017 7:57:55 AM | Posted in Broking Firm Views - Short Term Report read full news

Accumulate JK Tyre and Industries Ltd For Target Rs.170.00 - Religare Sec

Investment Rationale

* Incorporated in 1951, JK Tyre and Industries Ltd is one of India’s leading private sector conglomerates with a multi-product, multi-location & multi-business operations.

* The company’s manufacturing operations comprise 12 modern plants strategically located across India. The company has 141 JK Tyre sell

1/04/2017 11:19:34 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy Oil India Ltd For Target Rs.345.00 - Religare Sec

Strategy:-

OIL added around 11.50% of open interest as fresh long positions along with some delivery based buying in previous session. On charts, it has created a fresh buying pivot near price support zone on daily charts. We suggest buying OIL April futures as per levels given below.

 

Strategy

1/04/2017 10:58:55 AM | Posted in Broking Firm Views - Short Term Report read full news
Derivative Ideas For Nifty - Religare Sec

DERIVATIVES OUTLOOK

* Nifty Apr futures volume weighted average price (VWAP) is at 9150 and Banknifty futures is at 21400.

* Nifty and Banknifty futures has rolled around 68% each into April contract.

* Nifty futures closed at a premium of around 25 points and Banknifty futures at around 39 points.

* Nifty call writing was

1/04/2017 10:56:27 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy CESC Ltd For Target Rs.900.00 - Reliance Sec

* CESC is in the strong up-trend as the stock reversed after taking support of Rs790 (23.6% Fibonacci Retracement level of prior up-move Rs527-876) and later rose to Rs857.

* Key technical indicators-RSI & MACD are positively poised above their neutral line, where MACD is on the verge of positive cross-over.

* As per the current daily set-up, we believe

31/03/2017 11:45:55 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy Ahluwalia Contracts Ltd For Target Rs.330.00 - Reliance Sec

STOCK IN FOCUS

* Ahluwalia Contracts (ACIL) surged over ~2% in yesterday’s trade on the expectation of healthy performance in ensuing quarters.

* Order backlog currently stands at Rs40bn, which is 3.0x TTM revenue thus ensuring with healthy revenue visibility going ahead.

* ACIL added orders worth Rs15bn durin

31/03/2017 11:42:38 AM | Posted in Broking Firm Views - Short Term Report read full news
Derivative Ideas IRB Ltd For Target Rs.250.00 - Religare Sec

Derivative Ideas

IRB added around 38.60% of open interest as fresh long positions. It has rolled around 69% into next series. On charts, it has created a fresh buying pivot on daily as well as on intraday charts, and is also trading above short term as well as long term moving averages in higher highs - higher lows on daily charts. We

31/03/2017 11:34:15 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy Cipla Ltd For Target Rs.640.00 - Religare Sec

Cipla Limited (CIPLA)

CIPLA is trading well above its multiple moving averages on daily chart. Further, on 30th March, it traded strong and settled almost on day’s high, indicating possibility of fresh up move in near future.

 

31/03/2017 11:30:46 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy CESC Ltd For Target Rs.910.00 - Religare Sec

CESC Limited (CESC)

CESC has witnessed a fresh breakout after consolidating in a narrow range for almost a month. All indications are in the favor of positive bias to hold. We recommend buying fresh in the given range.

31/03/2017 11:27:54 AM | Posted in Broking Firm Views - Short Term Report read full news

Derivative Ideas Castrol India Ltd For Target Rs.436.00 - Religare Sec

Derivative Ideas

CASTROLIND added around 8.6% of open interest as fresh long positions along with some delivery based buying in previous sessions. It has rolled around 60% into next series so far. We suggest buying CASTROLIND APR futures as per below mentioned levels.

 

Strategy

30/03/2017 12:10:47 PM | Posted in Broking Firm Views - Short Term Report read full news
Buy PTC India Ltd For Target Rs.96 .00 - Religare Sec

PTC India Limited (PTC)

PTC has registered a fresh breakout after a prolonged consolidation phase on the daily chart. Its chart pattern and confirmation indicators are pointing towards fresh surge ahead.

30/03/2017 12:06:04 PM | Posted in Broking Firm Views - Short Term Report read full news
Buy Siemens India Ltd For Target Rs.1,320-1,350 - Reliance Sec

* Siemens rose to six month high taking support of its medium-term moving average 50-day EMA.

* We believe the stock will continue its northward journey, as (i) moving average Golden cross-over and (ii) stable RSI above 50-mark is signaling strength in the stock and it is in favor of probable up-move.

* In case of major decline, the stock will find strong support at around R

30/03/2017 10:59:59 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy Kalpataru Power Transmission Ltd For Target Rs.340.00 - Reliance Sec

STOCK IN FOCUS

* Kalpataru Power Transmission closed 6.7% higher in trade on Wednesday. Kalpataru Power Transmission (KPTL) is a welldiversified EPC player involved in execution of power transmission and pipeline projects. It also undertakes buildings, roads and power plant construction projects through its subsidiary JMC Projects.

30/03/2017 10:53:57 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy Wipro Ltd For Target Rs. 540-560.00 - Reliance Sec

* Wipro rose to seven month high taking support of its 20-day EMA and currently trading above that average.

* Key technical indicator-RSI is above 50 mark, which is signaling strength in the stock.

* As per the current daily set-up, we believe that stock will continue its slow surge and will climb higher levels in the near-term.

* In case of major decline, the stoc

29/03/2017 11:38:44 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy Mangalam Cement Ltd For Target Rs.370.00 - Reliance Sec

STOCK IN FOCUS

* Mangalam Cement (MCL) gained ~2% in yesterday’s market on growing expectations of earnings improvement in coming quarters.

* Cement prices in Northern region, which is MCL’s core market, have witnessed an uptick of Rs10-15/bag in Mar’17 till date along with better sales volume.

* M

29/03/2017 11:34:09 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy The India Cements Ltd For Target Rs.174.00 - Religare Sec

The India Cements Limited (INDIACEM)

INDIACEM, after a recent slide, has formed a fresh buying pivot around the support area of short-term moving averages i.e. 50 day EMA on daily chart. Confirmation indicators are also in the favor of strong rebound.

29/03/2017 11:25:59 AM | Posted in Broking Firm Views - Short Term Report read full news

Technical Recommendation 28th March 2017

SCRIP NAME AND SYMBOL - HeidelbergCement India Limited (HEIDELBERG)

TECHNICAL RATIONALE – HEIDELBERG, after spending nearly one month near its multiple moving averages on daily chart, has formed a fresh buying pivot and likely to witness fresh surge in the near future. Traders can buy accumulate fresh in the given

28/03/2017 11:55:26 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy ICICI Bank Ltd For Target Rs. 288-293.00 - Reliance Sec

* ICICI Bank reversed after taking support of its long-term moving average 200-day SMA and also the lower band of rising channel.

* Positive cross-over in key technical indicators-Stochastic & RSI from their oversold zone is signaling that stock is on verge of turnaround and soon it will resume the uptrend.

* On the higher side, the stock will initially face hurdles arou

28/03/2017 11:18:19 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy Majesco Ltd For Target Rs.546.00 - Reliance Sec

STOCK IN FOCUS

* Majesco’s stock price rose 3.2% in yesterday’s trade, while the BSE Sensex rose by 0.3%.

* Majesco’s 3QFY17 revenue fell 3.3% qoq in USD terms (-2.7% qoq in INR terms), owing to lack of client addition and currency headwinds, mainly GBP depreciation vs the USD.

* Client-specific is

28/03/2017 11:14:09 AM | Posted in Broking Firm Views - Short Term Report read full news
Derivative Ideas Godrej Industries Ltd For Target Rs.525.00 - Religare Sec

Derivative Ideas

GODREJIND added around 6.6% of open interest as fresh long positions. Daily vwap is around 502 levels. it has rolled around 20% in next contract so far. It is trading on verge of upside breakout from Pennant formation on weekly charts. it is also trading above 50/100/200 EMA in higher highs—higher lows formation

28/03/2017 10:46:31 AM | Posted in Broking Firm Views - Short Term Report read full news