Buy Tata Steel Ltd For Target Rs.10.00 - Religare Sec

Strategy:-

TATASTEEL added around 2.25% of open interest as fresh short positions. Daily vwap is around 455 levels. Huge call writing was seen at 460 strike and put buying (unwinding by writers) was seen at 440 and 460 strikes. On charts, it has witnessed breakdown from important price support of 460 levels on April 18, 2017. We suggest buying TATASTEE

22/04/2017 2:52:46 PM | 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 9175 and Banknifty futures is at 21575.

* Huge call writing was seen at 9200 strike followed by 9150 strike and put buying (unwinding by writers) was seen at 9100 strike. Maximum positions are still at 9100 PE and 9200 CE. Nifty is expected to be in the range o

22/04/2017 2:48:28 PM | Posted in Broking Firm Views - Short Term Report read full news
Buy Torrent Power Ltd For Target Rs.242.00 - Reliance Sec

* Torrent Power reversed after taking support of its medium-term moving average 50-day EMA and also 61.8% Fibonacci Retracement level of recent rally (Rs191-242) and rose to 7 days high.

* Key technical indicators-Stochastic and RSI moving higher post their positive cross-over.

* As per the current daily set-up, we believe that stock will remain in positive momentum and soon

21/04/2017 11:52:00 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy Bajaj Corp Ltd For Target Rs.463.00 - Reliance Se

STOCK IN FOCUS

* Bajaj Corp closed 2% up in trade at Rs402 compared to 0.4% increase in benchmark Nifty ff The company is the market leader in light hair oil market with volume share of 58%

* Although 4QFY17 numbers were impacted by demonetization and weak consumer demand, we expect recovery in the coming quarters.

* We expect Bajaj

21/04/2017 11:44:01 AM | Posted in Broking Firm Views - Short Term Report read full news
Derivative Ideas UltraTech Cement Ltd For Target Rs.4150.00 - Religare Sec

Derivative Ideas

ULTRACEMCO added around 2.5% of open interest as fresh long positions. In line with other cement stocks, it has also witnessed addition of long positions. It has also created a fresh buying pivot on daily as well as on weekly charts near price support zone of 3940-3950 levels. We recommend buying ULTRACEMCO Apr futures

21/04/2017 11:38:42 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy Voltas Ltd For Target Rs.445.00 - Religare Sec

Voltas Limited (VOLTAS)

VOLTAS has formed a buying pivot on the daily chart after retracing marginally from the record high. Its current chart pattern along with confirmation indicators clearly pointing towards fresh surge ahead.

21/04/2017 11:29:58 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 by ~1%

* The logistics sector is expected to 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 destination tax, the entire old

20/04/2017 11:39:36 AM | Posted in Broking Firm Views - Short Term Report read full news
Derivative Ideas POWERGRID Ltd For Target Rs.238.00 - Religare Sec

Derivative Ideas

POWERGRID added around 10% of open interest as long positions. Daily vwap is around 207.50 lev-els...Fresh long build up in scrip, and break out above 204 suggest stock might rise to around 240 in the short term.

 

Strategy:

Buy power grid april @207-2

20/04/2017 10:00:19 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy Canara Bank Ltd For Target Rs.338.00 - Religare Sec

Canara Bank (CANBK)

Among the PSU banking pack, CANBK has been holding strong above its major moving averages and formed a fresh buying pivot while consolidating in a narrow range on daily chart. We advise short term traders to initiate fresh longs in the given range.

 

20/04/2017 9:54:58 AM | Posted in Broking Firm Views - Short Term Report read full news

Buy DLF Ltd For Target Rs.185.00 - Religare Sec

DLF Limited (DLF)

After prolong corrective phase, mostly realty counters have finally witnessed trend reversal. In line with others, DLF has also seen a fresh breakout from a bullish reversal pattern and looks all set for a fresh surge.

20/04/2017 9:50:35 AM | Posted in Broking Firm Views - Short Term Report read full news

Sell Titan Company Ltd For Target Rs.445.00 - Reliance Sec

Technical Research

* Titan recorded new life-time-high post giving break-out from the horizontal resistance line, but the stock reversed after forming “Double Top Pattern” around Rs496 and slipped to 9 days low.

* Negative divergence in key technical indicators-Stochastic, RSI and MACD w.r.t. recent price rise in the stock is indi

19/04/2017 11:59:37 AM | Posted in Broking Firm Views - Short Term Report read full news
Sell Asian Paints Ltd For Target Rs.1000.00 - Religare Sec

ASIANPAINT added around 8% of open interest as short positions. Daily vwap is around 1059 levels. Call writing was seen at 1060 & 1080 levels. On charts, stock was finding it difficult to cross price resistance zone of 1090-1100 levels. On Tuesday, it has created a selling pivot on daily charts. We suggest selling ASAINPAINT futures as per levels mentioned below.

 

19/04/2017 11:53:55 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy DCB Bank Ltd For Target Rs.207.00 - Reliance Sec

STOCK IN FOCUS

* DCB Bank closed 3% higher, outperforming benchmark NIFTY by 3.4%.

* The bank has reported substantially improved performance on operating parameters in 4QFY17. Its NII rose by 30.6% YoY led by robust growth in loan book (22.4% YoY) and 10bps YoY rise in NIMs to 4.04%.

* The Bank is targeting loan book growth 22-25%

19/04/2017 11:51:35 AM | Posted in Broking Firm Views - Short Term Report read full news
Sell Lupin Ltd For Target Rs.1380.00 - Religare Sec

Lupin Limited

After its failed attempt to cross major hurdle around its medium term moving averages on daily chart, LUPIN has formed a fresh shorting pivot and looks all set for a fresh slide in near future.

 

Recommendation

Sell Lupin Limited April Future @ 1425-1430 Stoploss 144

19/04/2017 11:47:52 AM | Posted in Broking Firm Views - Short Term Report read full news
Technical Recommendation 18th April 2017

SCRIP NAME AND SYMBOL - SRF Limited

TECHNICAL RATIONALE – SRF, after six months of consolidation, has witnessed breakout from a triangle pattern (which act as continuation pattern) of late and looks all set for a fresh surge ahead. Traders should accumulate fresh in the given range.

 

Recom

18/04/2017 5:03:11 PM | Posted in Broking Firm Views - Short Term Report read full news
Derivative Ideas IRB Infrastructure Developers Ltd For Target Rs.252.00 - Religare Sec

IRB added around 4.70% of open interest as fresh long positions along with some delivery based buying in previous session. Call writing was seen at 250 strike and put unwinding was seen at 235 strike. On charts, stock is trading above short term as well as long term moving averages on charts. We expect it to test 252 levels in short term. We suggest doing a covered call in IRB as per below ment

18/04/2017 11:41:25 AM | Posted in Broking Firm Views - Short Term Report read full news
Sell Bharat Heavy Electricals Ltd For Target Rs.161.00 - Reliance Sec

Technical Research

* BHEL reversed after facing hurdle around its long-term moving average 200-week SMA and slipped to seven days closing low.

* Negative divergence in Stochastic & RSI w.r.t. recent price rise in the stock is indicating about near-term weakness.

* As per the current weekly set-up, we believe that stock will rema

18/04/2017 11:39:24 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy Cox & Kings Ltd For Target Rs.236.00 - Religare Sec

Cox & Kings Limited

COX&KINGS has witnessed a marginal profit taking recently and retraced near to its immediate support zone of long term averages. Existence of multiple moving averages combined with the chart formation pointing towards strong rebound in near future.

 

Recommendation

18/04/2017 11:34:15 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy Dabur India Ltd For Target Rs.330.00 - Reliance Sec

STOCK IN FOCUS

* Dabur closed 1.8% up in trade today at Rs293 compared to flat close in the benchmark Nifty.

* Niche positioning, lower dependence on single product, focus on volume growth and strong distribution network are the key strong points for the company

* We remain positive on the stock in the medium-term on the back of goo

18/04/2017 11:30:43 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy Power Grid Corporation of India Ltd For Target Rs.215.00 - Religare Sec

Power Grid Corporation of India Limited

After consolidating in a narrow range near its short-term moving average on daily chart, POWERGRID has formed a buying pivot with decent rise in volume, indicates accumulation. We advise traders to initiate long trades as per the mentioned levels.

 

Recommendation<

18/04/2017 11:26:50 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy Coal India Ltd For Target Rs.308.00 - Reliance Sec

* 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 stock has closed above its short term weekly ave

17/04/2017 10:27:25 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy Sonata Softwares Ltd For Target Rs.190.00 - Reliance Sec

STOCK IN FOCUS

* Sonata Softwares stock price rose 1% in Thursday’s trade, while the BSE Sensex declined by 0.6%.

* Sonata’s 3QFY17 IITS USD revenue fell 2.9% QoQ, though on an adjusted basis, revenue rose 1% QoQ.

* A key positive sign was the healthy growth in the Retail & CPG vertical, which rose by a strong 14% Qo

17/04/2017 10:21:31 AM | Posted in Broking Firm Views - Short Term Report read full news
Derivative Ideas Hindalco Industries Ltd For Target Rs.5.00 - Religare Sec

Derivative Ideas

HINDALCO added around 15% of open interest as short positions. Daily vwap is around 186.50 levels. Call writing was seen at OTM strikes along with some put buying (unwinding by writers) at 180 strike. We recommend doing a bear spread with put option in HINDALCO as per levels mentioned below.

 

17/04/2017 9:29:28 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy Voltas Ltd For Target Rs.395.00 - Religare Sec

Voltas Limited (VOLTAS)

After consolidating near its record high, VOLTAS has witnessed profit taking of late and formed a fresh shorting pivot as well. We suggest traders to initiate fresh shorts as per the mentioned levels.

17/04/2017 9:26:55 AM | Posted in Broking Firm Views - Short Term Report read full news