Buy Asian Paints Ltd For Target Rs.1,210.00 - Religare Sec

Asian Paints Limited

ASIANPAINT has been consolidating in a broader range for almost three months closer to the support area of multiple moving averages on daily chart. The recent surge indicates strong possibility of breakout in near term..

29/08/2017 2:57:56 PM | Posted in Broking Firm Views - Short Term Report read full news
Buy Phillips Carbon Black Ltd For Target Rs.669.00 - Choice Broking

* The stock has been trading as per the momentum triple pattern theory in all time frames such as daily, weekly & monthly chart which shows the bullish trend in the counter.

* On a daily chart, we can see a three white soldiers candlestick pattern which is a bullish sign to move further in northward direction.

* Moreover, the stock has given a breakout of the symmetrical

28/08/2017 4:08:36 PM | Posted in Broking Firm Views - Short Term Report read full news
Buy Larsen and Toubro Ltd For Target Rs.1,200.00 - Choice Broking

* On a daily chart, the stock has halted its correction at the last accumulation level of 1115-1120 which acted as a support in the past for the bounce back move.

* Moreover, the stock has started to trade above the 100 days exponential moving average which shows potentiality for an upside movement.

* On a weekly chart, we can see the strong support of 20 weeks exponential m

28/08/2017 3:10:51 PM | Posted in Broking Firm Views - Short Term Report read full news
Buy Colgate Palmolive India Ltd For Target Rs.1,140.00 - Reliance Sec

* The stock reversed after taking support of its short-term moving average 20-week EMA and rose to 8-week closing high.

* Rise in Stochastic and positive cross-over in RSI is signaling strength in the stock.

* As per the current weekly set-up, we believe that the stock will continue its northbound journey for next couple of weeks, where it will face major hurdle around Rs1,1

28/08/2017 3:01:47 PM | Posted in Broking Firm Views - Short Term Report read full news
Buy Glenmark Pharmaceuticals Ltd For Target Rs.900.00 - Reliance Sec

STOCK IN FOCUS

US business is expected to show strong traction on the back of ramp-up in new US FDA approvals (derma segment), steady sales growth Mupirocin and some limited competition opportunities such as gStrattera and gDesonide.

On innovative R&D side, GNP announced positive data from a Phase-IIa clinical trial of GBR 830. We believe

28/08/2017 2:57:34 PM | Posted in Broking Firm Views - Short Term Report read full news
Sell ONGC Ltd For Target Rs.155.00 - Religare Sec

Oil & Natural Gas Corporation Limited

ONGC has been trading under pressure for last several months and retraced considerably from the top. It has failed in the recent attempt to surpass resistance zone, result in formation of fresh shorting pivot.

28/08/2017 2:48:17 PM | Posted in Broking Firm Views - Short Term Report read full news

Buy Aurobindo Pharma Ltd For Target Rs.760.00 - Religare Sec

Aurobindo Pharma Limited

Unlike with other Pharma counters, AUROPHARMA has been holding strong and witnessed a fresh breakout after consolidating around the support area of long term moving average on daily chart. We advise buying this stock in the given range.

28/08/2017 2:43:53 PM | Posted in Broking Firm Views - Short Term Report read full news

Buy Bharat Electronics Ltd For Target Rs.200.00 - Religare Sec

Strategy:-

BEL added around 4.7% in open interest as fresh long positions with some delivery based buying in previous session. Current chart pattern too indicate fresh surge in price. We suggest buying BEL Aug futures as per levels mentioned below.

 

Strategy:

BUY BEL AUG FUTS BETWEEN

25/08/2017 11:01:08 AM | Posted in Broking Firm Views - Short Term Report read full news
Derivative Ideas For Nifty - Religare Sec

* Nifty futures volume weighted average price (VWAP) is at 9940 and Banknifty futures is at 24420.

* Put writing was seen at Nifty 9700 strike and 9800 strikes.

* Maximum positions are at 10000 CE and 9800 PE. Nifty is expected to be in the range of 9700-9950.

* Pharma, Oil & Gas and Telecom stocks gained the most during the week.

* FIIs were net sell

25/08/2017 10:58:15 AM | Posted in Broking Firm Views - Short Term Report read full news
Accumulate ICICI Prudential Life Insurance Company Ltd For Target Rs.475.00 - Religare Sec

Investment Rationale

* Incorporated in July 2000, ICICI Prudential Life Insurance Company Ltd (IPru), is a JV between ICICI Bank (54.9% stake) & UK’s Prudential Corp Holdings (25.8%). It offers a range of life insurance, health insurance and pension products & services.

* IPru has built a strong bancassurance channel by leveragi

25/08/2017 10:52:18 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy Global Vectra Helicorp Ltd For Target Rs.163.00 - Choice Broking

* The stock has been trading as per the momentum triple pattern theory on weekly & monthly chart which shows the bullish trend in the counter.

* On a daily chart, the stock has taken a support of 100 days exponential moving average with healthy volume activity which show the potential for an upside move in the counter.

* Moreover, the stock has retraced at 61.8% level of

25/08/2017 9:43:07 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy Bodal Chemicals Ltd For Target Rs.184.00 - Choice Broking

*  On a daily chart, after the correction, the stock has halted at horizontal support level of 155-160 which caused for a bounce back move in the past.

*  Moreover, the stock has taken a support of 100 days exponential moving average and formed a strong bullish candle with increase in volume activity which show the potential for an upward move.

*  A daily mome

24/08/2017 5:48:23 PM | Posted in Broking Firm Views - Short Term Report read full news
Buy Dr. Reddy`s Laboratories Ltd For Target Rs. 2240 - Choice Broking

*  On a daily chart, the stock has formed a Piercing candlestick which is a bullish reversal candlestick and indicates an upside movement.

*  Moreover, the stock has given a breakout of its consolidation range with above average volume which suggests a robust upside movement.

*  Furthermore, on the hourly chart, the stock has been trading with a positive cross

24/08/2017 5:05:11 PM | Posted in Broking Firm Views - Short Term Report read full news
Buy Punjab National Bank Ltd For Target Rs.152.60.00 - Choice Broking

*  On an hourly chart, we can see a bullish move after the double bottom formation which shows positivity in the counter.

*  Moreover, the stock is trading above the 20 hourly exponential moving average which may lead the stock to move further in a northward direction.

* On a daily chart, the stock has formed a Hammer candlestick near the support of its previous bo

24/08/2017 4:57:49 PM | Posted in Broking Firm Views - Short Term Report read full news
Buy Colgate Palmolive (India) Ltd For Target Rs.1140.00 - Reliance Sec

*  The stock reversed after taking support of its short-term moving average 20-week EMA and rose to 4-week closing high.

*  Rise in Stochastic and positive cross-over in RSI is signaling strength in the stock.

*  As per the current weekly set-up, we believe that the stock will continue its northbound journey for next couple of weeks, where it will face major h

24/08/2017 12:25:50 PM | Posted in Broking Firm Views - Short Term Report read full news
Buy Housing Development Finance Corporation Ltd For Target Rs.1,995.00 - Reliance Sec

STOCK IN FOCUS

*  HDFC closed 0.5% higher with strong surge in trading volume

*  Over the last few years, HDFC has proven its competitive edge over its peers through decent growth in business, stable spreads, well-managed asset quality and better performance in other financial business subsidiaries. Sustained pick-up in growth of hi

24/08/2017 12:14:51 PM | Posted in Broking Firm Views - Short Term Report read full news
Derivative Ideas Kajaria Ceramics Ltd For Target Rs.666.00 - Religare Sec

Derivative Ideas

Kajarai ceramics have seen fresh long buildup of around 25% surge in open interest in yesterdays trade. We expect the stock to rally toward 666 in the short term.

Strategy:

BUY Kajaria ceramic aug@651-652 stoploss at 644,target of 666.

 

To Read Complete Repo

24/08/2017 12:04:25 PM | Posted in Broking Firm Views - Short Term Report read full news
Sell Tata Power Ltd For Target Rs.75.00 - Religare Sec

Tata Power Company Limited (TATAPOWER)

TATAPOWER has been trading with negative bias while hovering around confluence zone of its important moving averages on daily chart. Today, it has formed a fresh shorting pivot on chart and likely to witness fresh fall. Traders can initiate fresh shorts in the given range.

24/08/2017 12:00:37 PM | Posted in Broking Firm Views - Short Term Report read full news

Buy Take Solutions Ltd For Target Rs.146.00 - Choice Broking

* On a daily chart, after the healthy correction, the stock has halted at horizontal support level of 125-130 which caused for a bounce back move in the past.

* Moreover, the stock has formed a hammer like a candlestick pattern and now forming a strong bullish candle with increase in volume activity which shows potential for an upward move.

* A daily momentum indicator RSI r

23/08/2017 4:38:02 PM | Posted in Broking Firm Views - Short Term Report read full news
Sell Tata Power Ltd For Target Rs.76.00 - Choice Broking

* On a daily chart, we can see a bearish trend in the counter as 20-50-100 days exponential moving averages are in a declining order and the stock is trading below the averages.

* Moreover, recently the stock has faced a strong resistance of its 100 days moving average which shows a weakness in the counter.

* Furthermore, after forming a Shooting Star candlestick, the stock

23/08/2017 3:10:02 PM | Posted in Broking Firm Views - Short Term Report read full news
Buy Delta Corp Ltd For Target Rs.175.00 - Choice Broking

* The stock has been trading as per the momentum triple pattern theory on all time frames such as daily, weekly & monthly chart which shows the bullish trend in the counter.

* On a daily chart, the stock has given a breakout of the horizontal resistance level 178 which shows potential for a further upside move in the counter.

* Moreover, the stock is forming a strong bul

23/08/2017 1:36:53 PM | Posted in Broking Firm Views - Short Term Report read full news
Buy Gail India Ltd For Target Rs.392.00 - Religare Sec

GAIL (India) Limited

GAIL is holding strong well above the moving averages ribbon on the daily chart and likely to witness fresh surge ahead. Traders are advised to initiate fresh long as per the mentioned levels.

23/08/2017 11:52:13 AM | Posted in Broking Firm Views - Short Term Report read full news