Buy Britannia Industries Ltd For Target Rs.3080.00 - Reliance Sec

Technical Research

* The stock has seen a decent correction from the high of 3580 levels; it has made a double bottom at sub 2800 levels with positive cross over in RSI confirming a strong pull back from current levels.

* Stochastic & RSI are also coinciding with our view, as both the indicators are in bullish mode.

* However in

6/01/2017 11:06:57 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy Union Bank of India Ltd For Target Rs.164.00 - Reliance Sec

STOCK IN FOCUS

* Union Bank of India closed 2.3% higher, outperforming benchmark NIFTY by 1.2%.

* The Bank’s Management is gradually infusing confidence through major changes in the operating structure, which has started yielding desired outcome.

* The Bank envisages 15% sequential decline in fresh slippages in 2HFY17E along w

6/01/2017 11:02:51 AM | Posted in Broking Firm Views - Short Term Report read full news
Derivative Ideas Nifty For Target Rs.45.00 - Religare Sec

NIFTY— Huge Put writing was seen at 8200 strike and call writing was seen at 8400 strikes. We recommend doing a short strangle in Nifty as per levels given below.

 

Strategy:

SELL NIFTY 8400 CE AT 55 & SELL NIFTY 8050 PE @ 40, NET PREMIUM RECEIVED 95, SL 112, TARGET 45.

 

To Read Complete Rep

6/01/2017 9:37:07 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy Yes Bank  Ltd For Target Rs.1285.00 - Religare Sec

Yes Bank Limited

YESBANK posted fresh breakout from declining trend line. This breakout holds higher validity as it is formed on weekly chart. Yesterday, i.e. 5th January, it also managed to surpass its 50/100 EMA resistance barrier. All this goes to show, stock will trade with bullish bias in the coming sessions as well.

 

6/01/2017 9:34:48 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy Exide Industries Ltd For Target Rs.196.00 - Religare Sec

Exide Industries Limited

EXIDEIND posted breakout from Rectangle formation on daily chart. This basically means, stock price has crossed resistance line and is set for fresh up move. Hence, we advocate buying in mentioned range.

 

Recommendation

Buy Exide Industries  Limited 

6/01/2017 9:31:47 AM | Posted in Broking Firm Views - Short Term Report read full news
Derivative Ideas ICICI Bank Ltd For Target Rs.10.00 - Religare Sec

ICICIBANK added around 10% of open interest as fresh short positions. Daily vwap is around 254 levels. Call writing was seen at 260 & 270 strikes. On charts, it has created a fresh selling pivot on daily charts and also trading below 50/100/200 EMAs on daily charts. We recommend doing a bear spread in ICICIBANK as per levels given below.

 

Strategy:

5/01/2017 10:45:29 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy Wipro Ltd For Target Rs.510-515 - Reliance Sec

Technical Research

* The stock is making higher bottoms and crossed its short and medium term averages with strong volume and the sector is also in positive momentum.

* The key technical indicators and RSI are trading at the higher band confirming the up move from current levels to test its long term averages on weekly charts.

* The

5/01/2017 10:43:46 AM | Posted in Broking Firm Views - Short Term Report read full news
Sell Syndicate Bank Ltd For Target Rs.55.00 - Religare Sec

Syndicate Bank

In line with other PSU banks, SYNDIBANK is also trading weak below its long and medium-term averages (200/100 EMA) on daily chart. Yesterday, i.e. 4th January, it settled near day’s low after six day rising streak. Hence, we are expecting further decline in near-term.

 

Recommendation

5/01/2017 10:40:06 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy HCL Technologies Ltd For Target Rs.1,000.00 - Reliance Sec

STOCK IN FOCUS

* HCL Technologies’ stock price went-up 2.9% in yesterday’s trade, while the BSE Sensex which was flat.

* HCLT 2QFY17 revenue rose 1.9% qoq (2.8% qoq in CC terms), led mainly by the IMS segment (+2.9% qoq).

* A positive sign was reiteration of management guidance on CC revenue growth of 12-14%.

*

5/01/2017 10:37:14 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy Marico Ltd For Target Rs.280.00 - Religare Sec

Marico Limited

Passing week, MARICO settled on strong note, over shadowed past couple of weeks trading range. This week, it has been consolidating near its 200 EMA on daily chart. Considering all, we firmly believe it is all set for fresh up move towards 280 levels.

 

Recommendation

Bu

5/01/2017 10:33:59 AM | Posted in Broking Firm Views - Short Term Report read full news
Derivative Ideas Century Textile and Industries Ltd For Target Rs.20.00 - Religare Sec

CENTURYTEX added around 6% of open interest as long positions. Daily vwap is around 831 levels. On Tuesday, it has witnessed congestion zone breakout on daily charts. We suggest doing a bull spread in centurytex as per levels given below.

 

Strategy:

BUY CENTURYTEX 840 CE BETWEEN 34-36 & SELL 860 CE BETWEEN 25-27, NET PREMI

4/01/2017 11:18:57 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy Castrol India Ltd For Target Rs.409-413 - Reliance Sec

Technical Research

* The stock has seen positive price action in the past few days with crossover of its short term averages with relatively better volume.

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

* As the stock has seen good run up we recommend re-tracing the current up-move and testing its average

4/01/2017 11:17:05 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy Tata Chemicals Ltd For Target Rs.550.00 - Religare Sec

Tata Chemicals Limited

TATACHEM has spent lot of time consolidating around its important long and medium term averages (200/100 EMA) on daily chart. And, at current juncture, it is comfortably sustaining above the same, indicating buyers interest at current levels.

 

Recommendation

Buy

4/01/2017 11:13:16 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy Navkar Corporation Ltd For Target Rs.224.00 - Reliance Sec

STOCK IN FOCUS

* Navkar Corporation closed ~2% higher outperforming the CNX Mid-cap index supported by 1.2x its 2-week average traded volume

* The logistics sector is expected benefit immensely due to GST and the big opportunity will arise from the companies in remapping and realigning their supply chains.

* With GST being a destina

4/01/2017 11:10:08 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy Bharat Electronics Ltd For Target Rs.1550.00 - Religare Sec

Bharat Electronics Limited

BEL posted fresh breakout on 3rd January after trading in narrow range around 1350-1380 levels for a week. This up move was supported by strong volume, indicating buyers interest at current levels. All this clearly indicates, stock is set for fresh up move towards 1500 plus levels in near term.

 

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4/01/2017 11:05:19 AM | Posted in Broking Firm Views - Short Term Report read full news
Technical Recommendation 3rd January 2017

SCRIP SYMBOL - ARVIND

TECHNICAL RATIONALE – After spending nearly a month around its support area, Arvind has formed a fresh buying pivot on the weekly chart and now looks upbeat to resume its overall uptrend. Traders should use this pause to accumulate fresh in the given range.

3/01/2017 12:04:50 PM | Posted in Broking Firm Views - Short Term Report read full news

Buy Tata Steel Ltd For Target Rs.442.00 - Reliance Sec

Technical Research

* The stock rose to almost two week high post giving break-out from its 100-days SMA with relatively better volume.

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

* Recovery in MACD Histogram & improving MACD is signaling that stock is out of the woods.

* As per current da

3/01/2017 11:18:28 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy Tata Motors Ltd For Target Rs.566.00 - Reliance Sec

STOCK IN FOCUS

* Tata Motors (TML) M&HCV export segment is expected to contribute 25% to its total revenue from CV segment over the period.

* The company plans to improve its positioning in the domestic PV market via launch of new products. f In JLR business, new product’s life cycle is opening up.

* New launches would aug

3/01/2017 11:14:15 AM | Posted in Broking Firm Views - Short Term Report read full news
Derivative Ideas Hindalco Industries Ltd For Target Rs.8.00 - Religare Sec

HINDALCO added around 4.5% of open interest as long positions. Put writing was seen at 150 & 155 strikes. On charts, it has breached past five days congestion zone on the higher side. We expect it to rally till 168 in short term. We recommend doing a bull spread in HINDALCO as per levels given below.

 

Strategy:

BUY HINDALC

3/01/2017 10:36:27 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy NMDC Ltd For Target Rs.150.00 - Religare Sec

NMDC Limited

NMDC has formed a cup and handle pattern on the weekly chart and trading on the verge of breakout from the same. Traders should not miss this opportunity and go long in the given range.

 

Recommendation

Buy NMDC Limited @ 128-130 Stoploss 120 Target 150 CMP 128.2

3/01/2017 10:33:47 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy Gail (India) Ltd For Target Rs.470.00 - Religare Sec

GAIL (India) Limited

GAIL has performed exceptionally well in the past and is currently one of the best performing stock within the Nifty-50 pack. At current juncture, it is set for fresh breakout from buying pivot on weekly chart. Hence, we recommend buying this stock within the mentioned range.

 

Recommendation

2/01/2017 11:09:51 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy Exide Industries Ltd For Target Rs.200-206 - Reliance Sec

Technical Research

* The stock slipped to Rs168 from its all-time-high Rs206 in less than a month amidst higher level profit booking, but later it managed to find support around its 38.2% Fibonacci Retracement level of prior up-move (Rs115-206) and its 50-week EMA.

* Rise in Stochastic after visiting its oversold zone is signaling that stock

2/01/2017 11:06:35 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy Bharat Petroleum Corporation Ltd For Target Rs.680.00 - Religare Sec

Bharat Petroleum Corporation Limited

BPCL posted fresh breakout on Thursday i.e. 29th December on back of strong volume after consolidating near its 100 EMA support for almost two weeks. This clearly indicates buyers interest at current levels.

 

Recommendation

Buy Bharat Petroleum Cor

2/01/2017 10:58:14 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy Mangalam Cement Ltd For Target Rs.410.00 - Reliance Sec

STOCK IN FOCUS

* Mangalam Cement (MCL) surged 3.5% in Friday’s volatile market on the expectation of better performance ahead with the possible improvement in sales volume in coming weeks.

* MCL’s initiatives in the form of multi fuel usability, new railway siding and thrust on increasing PPC production (currently at 60%) will aug

2/01/2017 10:53:35 AM | Posted in Broking Firm Views - Short Term Report read full news