Derivative Ideas LIC Housing Finance Ltd For Target Rs.20.00 - Religare Sec

LICHSGFIN added around 15.7% of open interest as fresh long positions along with some delivery based buying in previous session. On charts, it has rebound from 200 EMA on daily charts. We suggest buying 540 CE as per levels given below.

 

Strategy:

BUY LICHSGFIN 540 CE BETWEEN 12-13, SL 8, TARGET 20.

 

12/01/2017 10:53:04 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy Zee Entertainment Enterprises Ltd For Target Rs.520-545 - Reliance Sec

Technical Research

* The stock reversed taking support around its break-out line after witnessing profit booking from its all-time-high and later rose to one and half month high.

* Reversal in RSI from its bull market support zone is signaling strength in the stock.

* Improvement in Histogram and recovery in MACD is in favor of turn

12/01/2017 10:50:11 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy Apollo Tyres Ltd For Target Rs.214.00 - Religare Sec

Apollo Tyres Limited

We’re reiterating our buy recommendation on Apollotyre as it was initiated in the given range.

 

Recommendation

Buy  Apollo Tyres Limited    @ 196-198    Stoploss 187  Target 214  CMP 197.10

12/01/2017 10:46:04 AM | Posted in Broking Firm Views - Short Term Report read full news

Buy Kotak Mahindra Bank Ltd For Target Rs.794.00 - Reliance Sec

STOCK IN FOCUS

* Kotak Mahindra Bank (KMB) closed 2.1% higher, outperforming benchmark NIFTY by 1%.

* KMB has demonstrated strong performance in last few quarters led by the robust growth in balance sheet, best in class NIM’s of 4% coupled with consistent improvement on all major assets quality parameters.

* The Bank has undou

12/01/2017 10:43:22 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy Bharat Forge Ltd For Target Rs.1050.00 - Religare Sec

Bharat Forge Limited

BHARATFORG, after consolidating around its long term averages, has witnessed fresh surge of late. Its chart pattern and confirmation indicators are pointing towards strong surge ahead.

 

Recommendation

Buy Bharat Forge Limited  @  950-955  Stoploss 9

12/01/2017 9:44:15 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy Hero MotoCorp Ltd For Target Rs.3280-3330 - Reliance Sec

Technical Research

* The stock has witnessed sharp decline after reversing from its long-term moving average 100-days SMA, but later it has formed strong base around its 76.4% Fibonacci Retracement level of prior rise (Rs2850-3333) and advanced gradually thereafter.

* Steady rise in RSI & MACD post positive cross-over is signalling streng

11/01/2017 10:56:58 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy HeidelbergCement India Ltd For Target Rs.145.00 - Reliance Sec

STOCK IN FOCUS

* HeidelbergCement India (HCIL) gained ~2% in yesterday’s trade on the expectation of improvements in 4QFY17E.

* With no meaningful capacity addition coming in Central region in next 2-3 years, we believe HCIL would hit a sweet spot to improve its financials in ensuing years, on the back of healthy demand outlook owing to

11/01/2017 10:51:31 AM | Posted in Broking Firm Views - Short Term Report read full news
Derivative Ideas HDFC Bank Ltd For Target Rs.20.00 - Religare Sec

HDFCBANK added 8.8% of open interest as long positions. Daily vwap is around 1211 levels. On charts, it has breached congestion zone of past one month on the higher side. We suggest doing a bull spread in HDFCBANK as per levels given below.

 

Strategy:

BUY HDFCBANK 1220 CE AT 12-14 & SELL 1260 CE AT 3-5, SPREAD AT 9, SL 4,

11/01/2017 9:47:18 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy Apollo Tyres Ltd For Target Rs.212.00 - Religare Sec

Apollo Tyres Limited

After the recent fall, APOLLLOTYRE has formed a  fresh buying pivot around its major support zone  of long term averages on the daily chart. Traders  shouldn’t  miss  the  opportunity  and accumulate  fresh in the given range

 

Recommendation

11/01/2017 9:44:59 AM | Posted in Broking Firm Views - Short Term Report read full news
Sell Petronet LNG Ltd For Target Rs.358.00 - Reliance Sec

Technical Research

* The stock is making lower tops with sustained price correction in the past 3 days confirming the down trend in the next few days.

* The key technical indicators and RSI has also reversed turning downwards and as the stock is in poised for a breakdown from current levels.

* The stock has closed below its short te

10/01/2017 11:35:27 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy Aurobindo Pharma Ltd For Target Rs.991.00 - Reliance Sec

STOCK IN FOCUS

* Aurobindo Pharma (ARBP) is a major Indian pharma player in the US market with presence in complex generic segments

* Biz mix change towards high margin complex segment; formulations contribution increased from 56% in FY13 to 79% in FY16 & expected to reach 83% in FY18E

* We expect ARBP to launch 30-40 products i

10/01/2017 11:30:09 AM | Posted in Broking Firm Views - Short Term Report read full news
Derivative Ideas Bank Nifty For Target Rs.80.00 - Religare Sec

Fresh long buildup was seen in BANKNIFTY as BANKNIFTY added around 2.8% of open interest as fresh long positions. We suggest doing a bull spread in Banknifty as per levels given below.

 

Strategy:

BUY BANKNIFTY 12 JAN 18400 CE BETWEEN 60-62 & SELL 18600 CE BETWEEN 17-19, SPREAD AT 42, STOPLOSS AT 25, TARGET 80.

&

10/01/2017 10:58:00 AM | Posted in Broking Firm Views - Short Term Report read full news
Sell Union Bank of India Ltd For Target Rs.112.00 - Religare Sec

Union Bank of India

UNIONBANK is trading weak below its important moving averages (50/100/200 EMA’s) on daily chart, indicating weak trend. Yesterday, it settled at day’s low after forming big red candlestick on daily chart. Considering all, we believe it will head southwards in the near-term.

 

Recom

10/01/2017 10:55:15 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy Strides Shasun Ltd For Target Rs.1250.00 - Religare Sec

Strides Shasun Limited

Despite struggling broader markets, STAR managed fresh breakout from Triangle pattern on weekly chart. It is continuation chart pattern which holds higher validity when formed at longer duration charts (weekly/monthly). Hence, we advocate buying in mentioned range.

 

Recommendation

10/01/2017 10:52:13 AM | Posted in Broking Firm Views - Short Term Report read full news
Technical Recommendation 9th January 2017

SCRIP SYMBOL - CENTURYTEX

TECHNICAL RATIONALE – CENTURYTEX is well placed on medium as well as long-term charts (weekly/monthly) and has recently formed a buying pivot on daily chart, indicating bullish bias to persist in the near-term as well.

9/01/2017 6:00:55 PM | Posted in Broking Firm Views - Short Term Report read full news
Buy Natco Pharma Ltd For Target Rs.650.00 - Religare Sec

Natco Pharma Limited

NATCOPHARM was trading in a narrow range (575-620) from over a month, breakout from this range was witnessed on Friday, where it settled on strong note, gaining over 4%. The up move was supported by multi-fold volume, indicating fresh long positions have been build and carried forward.

 

Reco

9/01/2017 11:08:32 AM | Posted in Broking Firm Views - Short Term Report read full news
Sell Petronet LNG Ltd For Target Rs.358.00 - Reliance Sec

Technical Research

* The stock is making lower tops with sustained price correction in the past 3 days confirming the down trend in the next few days.

* The key technical indicators and RSI has also reversed turning downwards and as the stock is in poised for a breakdown from current levels.

* The stock has closed below its short te

9/01/2017 11:05:37 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy Kotak Mahindra Bank Ltd For Target Rs.750.00 - Religare Sec

Kotak Mahindra Bank Limited

After steep sell-off, that lasted for over two months, KOTAKBANK is gaining strength. Yesterday, i.e. 6th January, it settled near day’s top after gaining over 2.5%, in a weak market. This itself indicates strength. Hence, we recommend buying this stock in the mentioned range.

 

9/01/2017 11:02:02 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy Ramco Cements Ltd For Target Rs.650.00 - Reliance Sec

STOCK IN FOCUS

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

* RCL is expected to have registered a healthy volume growth in 3QFY17E to 1.98mnT (+22% yoy and -3% qoq) defying the negative impact of demonetization.

9/01/2017 10:56:20 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy Yes Bank  Ltd For Target Rs.1450.00 - Religare Sec

* Last year, i.e. 2016, YESBANK yielded exceptional returns for its investors, the stock price doubled. After trading at yearly low’s i.e. 631.55 in the Jan-16, it rallied till 1449 by Sep-16.

* Later, went into consolidation phase. Passing week, break out from declining trend line was seen on daily & weekly chart, indicating bullish reversal.

* These are valid sig

7/01/2017 11:17:51 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy Tata Motors Ltd For Target Rs.600.00 - Religare Sec

* TATAMOTORS is a well know Indian MNC and a flagship company of the Tata Group. After acquiring Jaguar Land Rover, it gained global recognition as well.

* Technically, it is a sound stock and is on recovery mode after retracing 50% as per Fibonacci levels of the rise 265-598 levels.

* We firmly believe; it has potential to outperform its peers as well as broader markets. He

7/01/2017 11:03:13 AM | Posted in Broking Firm Views - Short Term Report read full news
Accumulate JSW Steel Ltd For Target Rs.210.00 - Religare Sec

Investment Rationale

* Indian steel demand growth outlook is gradually improving. Government spending data, better credit deployment in the roads sector and robust port traffic growth reflect an improving demand scenario. JSW Steel is well placed to capitalize on the available opportunities.

* After a subdued FY16, JSW Steel’s performan

7/01/2017 10:45:36 AM | Posted in Broking Firm Views - Short Term Report read full news
Sell Bank NIfty For Target Rs.14.00 - Religare Sec

Strategy:-

BANKNIFTY shed around 3.9% of open interest as short covering. Put writing was seen at 18000 strike and call writing was seen at 18500 strike. We recommend doing a short strangle in Banknifty as per levels given below.

 

Strategy:

SELL BANKNIFTY 12 JAN 18700 CE @ 12-13 &

7/01/2017 10:26:54 AM | Posted in Broking Firm Views - Short Term Report read full news
Derivative Ideas For Nifty - Religare Sec

DERIVATIVES OUTLOOK

* Nifty Jan futures volume weighted average price (VWAP) is at 8160 and Banknifty futures is at 18080.

* Call writing was seen at 8300 & 8400 strikes and put writing was seen at 8100 & 8200 strikes.

* In options, highest positions are still at 8000 PE and 8400 CE.

* Nifty is expected to be in th

7/01/2017 10:24:27 AM | Posted in Broking Firm Views - Short Term Report read full news