BUY Hindustan Unilever Ltd. For Target Rs. 915 -Religare Securities Ltd

Hindustan Unilever Limited

It spent long of time consolidating near 830-835 levels and has formed strong base around that zone. Till it is trading above this level, possibility of an upside movement will be quite high. Hence, short term traders can consider taking fresh long positions as per the mentioned levels

5/22/2015 2:15:47 PM | Posted in Broking Firm Views - Short Term Report read full news

Pair Trade Buy Grasim Industries Ltd and Sell UltraTech Cement - Way2Wealth

STRATEGY RATIONALE

The Strategy entails taking benefit of the price movement of both the stocks and takes advantage of the price ratio reverting to the mean. Both the stocks are highly correlated to each other in long term and 150/90 days correlation between the two is 88% and 82% respectively. However, in short term Grasim has underperformed Ultracemco an

5/21/2015 4:37:08 PM | Posted in Broking Firm Views - Short Term Report read full news
Sell IDFC Ltd For Target Rs.145 - Religare Securities Ltd

IDFC Limited

It has formed selling pivot on daily chart and has closed below its 200 EMA as well. Both these factors symbolize weakness in the coming sessions. Hence, short-term traders can short-sell it as per the mentioned levels.

5/21/2015 11:45:10 AM | Posted in Broking Firm Views - Short Term Report read full news

Derivative Ideas For Nifty Target Rs. 90 - Religare Securities Ltd

Derivative Ideas

NIFTY BEAR SPREA

Long unwinding seen in nifty fut. and call writing seen in 8400 strike today suggesting some down side moment in coming session .

Strategy: BUY NIFTY 8300 PE AT 71 AND SELL NIFTY 8100 PE AT 26. SPREAD 45, TARGET 90, STOP LOSS 16

5/20/2015 3:57:56 PM | Posted in Broking Firm Views - Short Term Report read full news
Sell Oil & Natural Gas Corporation Ltd For Target Rs. 295 - Religare Securities Ltd

Oil & Natural Gas Corporation Ltd. (ONGC)

It is in down trend and has been under performing broader markets form quite some time. It has been unable to sustain at higher levels and profit taking is witnessed after every relief rally, the same was witnessed yesterday. Hence, short term traders can utilize this rise to create fresh short position

5/20/2015 4:00:07 PM | Posted in Broking Firm Views - Short Term Report read full news
BUY DCB Bank Ltd For Target Rs. 138 - Religare Securities Ltd

DCB BANK LIMITED

It has been among the best performing bank stocks, yesterday also it stood tall when profit taking was witnessed in last hour of trading and settled nearly 3% higher. The recent rise is supported by strong volume as well, all this indicates that there are higher chances that it will scale higher in the coming sessions as well.

5/20/2015 3:57:12 PM | Posted in Broking Firm Views - Short Term Report read full news
Buy HDFC Bank Ltd For Target Rs.T1 1051- T2 1090 - GEPLCapital Ltd

Observations:

*    Daily time frame chart of HDFC BANK, shows a breakout from a downward sloping channel, in upward direction. The slopping channel had been giving continuous supply over last 3 months.

*   The stock made 52 week high of 1109 in March 2015 and then it corrected till 950 levels, which is a 50% Fibonacci Retrace

5/20/2015 3:38:54 PM | Posted in Broking Firm Views - Short Term Report read full news
BUY Ambuja Cements Ltd For Target 255 - Religare Securities Ltd

Ambuja Cements Ltd

It has been sustaining just above its 200 EMA on daily chart from past 4-5 sessions, volume back breakout was witnessed yesterday and the stock rallied over 3% in its response. All this indicates that the stock has consolidated a lot around its supports and is now all-set to trade at higher levels.

5/19/2015 1:09:31 PM | Posted in Broking Firm Views - Short Term Report read full news

Buy Oriental Bank of Commerce on dips at 206 Target 229 - Way2Wealth

ORIENTBANK Future

The counter was falling in lower low/high mode and in the past week it tested the falling channel line on the weekly chart. Prices ended the week with bullish engulfing candlestick at falling channel line coupled with strong volumes. This has provided bulls with a high probability trade set up. Positive diversion in daily MACD and

5/19/2015 12:17:38 PM | Posted in Broking Firm Views - Short Term Report read full news
Buy Induslnd bank Future Ltd For Target Rs.860.00 - Way2Wealth

The stock future tumble sharply after making a high of 917.8 and tested the primary up trend line pegged at 792 and ended with inside bar candle stick pattern. Lower Bollinger band is also coinciding with the primary uptrend line which can also provide a decent bounce. Traders can go long above 835 for the target of 860. Daily RSI is rising in higher high/low mode and daily MACD has also giv

5/18/2015 6:28:39 PM | Posted in Broking Firm Views - Short Term Report read full news
Buy Bharat Forge Ltd Future For Target Rs.1500.00 - Way2Wealth

Prices after making a high of 1372 in April 6th trading session turned its direction to form a corrective triangular chart pattern on the daily chart. The stock future tested the falling resistance line but failed to breach the same which is pegged at 1310. Daily RSI has formed the bullish head and shoulders chart pattern which is indicating further upside. Prices are likely to provide the b

5/18/2015 6:21:22 PM | Posted in Broking Firm Views - Short Term Report read full news
Buy Divis Laboratories Ltd For Target Rs. 1851 - 1881 - 1921 - GEPLCapital Ltd

Daily Observations – the draw-outs

*   Longer term moving averages : 50 WMA @ 1799 (crossed today on upside), 100 WMA @ 1743 & 200 WMA @ 1702. Thus the moving averages are positively aligned, with price crossing over all of those.

*   The stock prices of DIVISLAB over the last one year are taking strong support on 200 SMA

5/18/2015 5:26:29 PM | Posted in Broking Firm Views - Short Term Report read full news
Pair Trade Buy Icici Bank and Sell SBI - Way2Wealth

STRATEGY RATIONALE

The Strategy entails taking benefit of the price movement of both the stocks and takes advantage of the price ratio reverting to the mean. Both the stocks are highly correlated to each other in long term and 180/90 days correlation between the two is around 92% and 87% respectively. However, In short term Icici Bank has underperformed SB

5/18/2015 2:19:05 PM | Posted in Broking Firm Views - Short Term Report read full news
Buy Crompton Greaves Ltd For Target Rs.195.00 - Religare Securities Ltd

Investment Rationale

*   Crompton Greaves is an engineering conglomerate with a diverse portfolio of products, solutions and services ranging from high-end power and industrial equipments and solutions, to consumer products and home appliances.

*   The company reported 4% increase in its net sales to Rs 10205 crore in 9MFY15. PAT increa

5/16/2015 2:57:57 PM | Posted in Broking Firm Views - Short Term Report read full news
Buy Exide Industries Ltd For Target Rs. 175 - Religare Securities Ltd

DERIVATIVES OUTLOOK

* Nifty has been in a range of around 8100-8300 for last 5 trading sessions.

* Huge unwinding in Index futures and Long position sin Index option seen.

* The VWAP for Nifty fut is at 8200 and bank Nifty fut. at 18000.

* The VIX might peak at around 23.2% currently at 20.70%.

* VIX mig

5/15/2015 6:11:33 PM | Posted in Broking Firm Views - Short Term Report read full news
Buy Maruti Suzuki Ltd For Target 3840 - Religare Securities Ltd

Maruti Suzuki Ltd

Stock has witnessed good bounce back from the supports levels of 3540 which coincide with 100 EMA levels indicating strength. On EOD charts stock is trading in higher high/higher low formation and has also formed a perfect swing trade opportunity for short term traders to initiate longs.

Recommrndation

5/15/2015 11:04:39 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy TV18 Broadcast Ltd For Target 36.50 - Religare Securities Ltd

TV18 Broadcast Ltd

It has witnessed steep sell-off in the recent past. Yesterday, it settled after forming reversal candlestick on daily chart and also closed above its 100 EMA. All this indicates higher possibility of an upside reversal from current levels.

Recommrndation

BUY TV18 Broadcast L

5/15/2015 11:04:12 AM | Posted in Broking Firm Views - Short Term Report read full news