Buy Rural Electrification Corporation Ltd For Target Rs.155.00 - Reliance Sec

Technical Research

* The stock reversed taking support of its short-term moving average 20-day EMA.

* Turn around in RSI from its neutral line (placed around 50-mark) is indicating strength in the stock.

* As mentioned earlier, we believe the stock will continue its up-move and soon record fresh 52-week high.

* On the lowe

13/02/2017 10:56:43 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy Just Dial Ltd For Target Rs.465.00 - Religare Sec

Just Dial Limited

We reiterate our buy call on of JUSTDIAL as it was not initiated in the previous trading session.

 

Recommendation

Buy Just Dial Limited @ 420-422 Stoploss 400 Target 465 CMP 429.65

13/02/2017 10:52:19 AM | Posted in Broking Firm Views - Short Term Report read full news

Buy Ramco Cements Ltd For Target Rs.750.00 - Reliance Sec

STOCK IN FOCUS

* Ramco Cements (RCL) gained 1.3% on Friday’s flat market on the expectation of better performance ahead with the possible improvement in sales volume in 2017.

* After seeing a stellar performance in 3QFY17, RCL is expected to deliver better profitability ahed with the visible reduction in debts and operating synergies.

13/02/2017 10:49:27 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy Kaveri Seed Company Ltd For Target Rs.520.00 - Religare Sec

Kaveri Seed Company Limited

KSCL has registered fresh breakout from “Triangle Pattern” on daily chart, supported by decent volume, indicating buyers interest at the current levels. Hence, we advise traders to go for long positions in the mentioned range.

 

Recommendation

Bu

13/02/2017 10:46:14 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy Kotak Mahindra Bank Ltd For Target Rs.20.00 - Religare Sec

Strategy:

KOTAKBANK added around 2% of open interest as long positions. Call buying (unwinding by writers) was seen at 780 & 800 strikes. On charts, it is trading above 50/100/200 EMAs and also holding above important price support of 760 on daily charts. We recommend doing a bull spread in Kotak bank as per levels given below.

 

11/02/2017 10:48:21 AM | 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 8650 and Banknifty futures is at 19900.

* Put writing was seen at 8700 strikes and call writing was seen at 8900 & 9000 strikes.

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

* Nifty is expected to be in the range of 8600-8950.

11/02/2017 10:36:23 AM | Posted in Broking Firm Views - Short Term Report read full news
Accumulate JBM Auto Ltd For Target Rs.500.00 - Religare Sec

Investment Rationale

* JBM Auto Ltd., set up in 1990, is engaged in the manufacturing of tools, dies and moulds. The Company operates in three segments: Sheet Metal Division , Tool Room Division and Special Purpose Vehicle (SPV) division .

* The sheet metal component division constitutes ~95% of the overall sales revenue. This segment predom

11/02/2017 10:03:50 AM | Posted in Broking Firm Views - Short Term Report read full news
Derivative Ideas LIC Housing Finance Ltd For Target Rs.590.00 - Religare Sec

LICHSGFIN added around 1% of open interest as fresh long positions along with some delivery based buying in previous sessions. On charts it is holding strong above its long term as well as short term moving averages on daily charts. We suggest doing a covered call as per levels given below.

 

Strategy:

BUY LICHSGFIN FEB FUTS B

10/02/2017 11:20:08 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy Rural Electrification Corporation Ltd For Target Rs.155.00 - Reliance Sec

Technical Research

* The stock reversed taking support of its short-term moving average 20-day EMA and rose to four day closing high.

* Turn around in RSI from its neutral line (placed around 50-mark) is indicating strength in the stock.

* As per the current daily set-up, we believe the stock will continue its up-move and soon recor

10/02/2017 11:18:03 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy Just Dial Ltd For Target Rs.465.00 - Religare Sec

Just Dial Limited

JUSTDIAL was trading with bearish bias from quite a long time but on Thursday, i.e. 9th February, it posted breakout from “Inverted Head and Shoulder” formation on daily chart and also surpassed 100 EMA resistance barrier, indicating bullish bias ahead.

 

Recommendation

10/02/2017 11:12:33 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy JSW Energy Ltd For Target Rs.70.00 - Reliance Sec

STOCK IN FOCUS

* JSW Energy closed 1% higher in trade on Thursday.

* JSW Energy has lost more than 35% in last 12 months due to weak operational performance in line with our estimates. Considering the recent correction in stock price, we believe that the negatives relating to weak merchant realization have already been priced in.

*

10/02/2017 11:09:08 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy TVS Motor Company Ltd For Target Rs.445.00 - Religare Sec

TVS Motor Company Limited

TVSMOTOR registered steep up move with strong volume, resuming its prevailing uptrend. Further, its chart pattern clearly reveals it is all set for fresh move towards higher levels. Hence, we advocate buying in this stock with the mentioned levels.

 

Recommendation

10/02/2017 11:06:21 AM | Posted in Broking Firm Views - Short Term Report read full news
Derivative Ideas Hindustan Zinc Ltd For Target Rs.327.00 - Religare Sec

HINDZINC added around 1.4% of open interest as fresh long positions along with some delivery based buying in previous session. On charts, It is trading in higher highs higher lows formation above short term as well as long term moving averages on daily charts. We suggest buying HINDZINC Feb futures as per levels given below.

 

Strategy:<

9/02/2017 10:56:45 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy Tata Elxsi Ltd For Target Rs.1620.00 - Religare Sec

Tata Elxsi Limited

TATAELXSI traded with bearish bias last year and fell from 2332 till 1022 levels, which is a trend line support area (refer chart). Later, buying was witnessed which took the stock close to 1500 mark. At current juncture, it seems stock is set for fresh up move towards 1600-1650 levels.

 

Recom

9/02/2017 10:54:28 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy Indiabulls Real Estate Ltd For Target Rs.86.00 - Religare Sec

Indiabulls Real Estate Limited

IBREALEST was consolidating just above its long and medium term moving averages (200/100 EMA’s) on daily chart, indicating strength. Going ahead, these averages, placed around 78 levels will act as immediate support and limit down side move. Hence, we advocate buying in the mentioned range.

 

<
9/02/2017 10:49:01 AM | Posted in Broking Firm Views - Short Term Report read full news
Derivative Ideas Bank Nifty For Target Rs.100.00 - Religare Sec

BANK Nifty has seeing a mix of long and short positions since last 3 days,majorly longs.The support for Bank nifty is seen at 19900 and 20700 respectively. We expect a surge in option premium post the event.

 

Strategy:

BUY 9 feb 20000 pe@30-32 and buy 20700ce@30-32,net prem at 60-65,stoploss at 42,target 100.

 

8/02/2017 10:48:11 AM | Posted in Broking Firm Views - Short Term Report read full news
Sell Hindalco Industries Ltd For Target Rs.175-170 - Reliance Sec

Technical Research

* The stock reversed facing resistance of its upper band of the rising channel and slipped to two week closing low thereafter.

* Though, previously its short-term moving average worked as key reversal point, negative cross-over in RSI & MACD is signaling that stock will slip below that average.

* On the lower

8/02/2017 10:46:33 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy Pidilite Industries Ltd For Target Rs.730.00 - Religare Sec

Pidilite Industries Limited

PIDILITIND after registering a breakout from “Inverted Head and Shoulder” pattern on 24th Jan, has taken a pause, this is a healthy sign and an opportunity for fresh entry. Hence, traders should use this phase to accumulate in the given range.

 

Recommendation

8/02/2017 10:42:16 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 Ltd (KPTL) closed positive (+1.3%) in trade on Tuesday in a weak market. f KPTL is a well-diversified 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.

* We ex

8/02/2017 10:39:34 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy Bajaj Auto Ltd For Target Rs.3000.00 - Religare Sec

Bajaj Auto Limited

BAJAJ-AUTO has retraced 38.2% of the rise 2510-2918, this level is considered support as per Fibonacci theory. Further, it has also re-tested the neckline of the support zone around 2760, creating opportunities to re-enter. Hence we believe that traders should not miss this opportunity and accumulate in the mentioned range.

8/02/2017 10:36:52 AM | Posted in Broking Firm Views - Short Term Report read full news
Technical Recommendation 7th February 2017

SCRIP SYMBOL - KWALITY

TECHNICAL RATIONALE – KWALITY, after the strong surge from 114 to 146 levels in less than a month, is currently consolidating in narrow range. Its chart pattern indicates possibility of fresh breakout in near future so use this pause to accumulate in given range.

 

Recommendation

7/02/2017 4:05:29 PM | Posted in Broking Firm Views - Short Term Report read full news
Derivative Ideas Havells India Ltd For Target Rs.16.00 - Religare Sec

HAVELLS added around 4.3% of open interest as fresh long positions. Daily vwap is around 433 levels. On charts, it has witnessed Pennant breakout on daily charts on Monday and also trading above short term as well as long term charts. We recommend buying HAVELLS 440 CE as per levels given below.

 

Strategy:

BUY HAVELLS 440 FEB

7/02/2017 11:11:51 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy TVS Motor Company Ltd For Target Rs.440.00 - Reliance Sec

Technical Research

* The stock advanced gradually post witnessing sharp decline from its all-time-high Rs419, where initially it reversed taking support of long-term moving average 100-day SMA and later its short-term moving average 20-day EMA worked as key reversal point.

* Key technical indicators-RSI & MACD are positively poised above

7/02/2017 11:09:58 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy JK Cement Ltd For Target Rs.1,000.00 - Reliance Sec

STOCK IN FOCUS

* J.K. Cement (JKC) gained ~6% in yesterday’s trade better than expected performance in its 3QFY17 result.

* JKC reported a healthy and better-than-estimated operating performance in 3QFY17 with EBITDA coming in at Rs1.48bn (+17% YoY and +2% QoQ).

* Net profit grew strongly by 276% YoY to Rs664mn aided by substa

7/02/2017 11:03:47 AM | Posted in Broking Firm Views - Short Term Report read full news