Derivative Ideas - Nifty - Religare Securities Ltd

Derivative Ideas

NIFTY

NIFTY Huge put writing seen in 8700 strike price and long unwinding seen in 8750 CE .

Strategy: BUY NIFTY 8750 CE AT 57 TARGET 120 STOPLOSS 35

LOT SIZE : 25

 


2/25/2015 9:47:20 AM | Posted in Broking Firm Views - Short Term Report read full news

Buy Bharti Airtel Ltd For Target Rs.370.00 - Angel Broking Pvt Ltd

Justification:

The prices have corrected in last few trading sessions and are currently trading near its support zone. The volumes during last upmove were good and were low during the corrective move. ‘RSI’ on daily charts are trading near the support zone and should move higher from current levels. Prices are also trading near the support end

26/Feb/2015 04:37 AM | Posted in Broking Firm Views - Short Term Report read full news
Sell Infosys Ltd For Target Rs.2185.00 - Angel Broking Pvt Ltd

*  As seen in above chart, the prices had formed ‘Bearish Engulfing’ pattern last week which was confirmed by a negative closing in yesterday’s trading session.

*  As measured from the lows of May 2014, the stock is trading in its wave v and is nearing termination of an ‘Impulse Wave’.

*  ‘RSI’ on daily charts hav

24/Feb/2015 09:39 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy Gujarat State Fertilizer & Chemicals Ltd. For Target Rs.125 - Kotak Securities Ltd

TECHNICAL OUTLOOK

The stock is into rectangle consolidation since September 2014 between the range of 90 and 125. Currently, it is at the bottom of the range around 94/95. The volume based recovery should help the stock to move back to 125 levels in next few weeks of time.

Major oscillator RSI is at 44 after hitting 35, which is an indication of

24/Feb/2015 08:54 AM | Posted in Broking Firm Views - Short Term Report read full news
Derivative Ideas - Oil and Natural Gas Corporation Ltd - Religare Securities Ltd

Derivative Ideas

Oil and Natural Gas Corporation Ltd

The stock has turning near the lower band of the trading range. It is neglected the negative trend where it was making lower top lower bottom formation on hourly chart. It looks good in term of risk reward ratio. So we believe the stock will bounce from current levels.

2/23/2015 10:19:44 AM | Posted in Broking Firm Views - Short Term Report read full news
Accumulate Exide Industries Ltd For Target Rs.215 - Religare Securities Ltd

Investment Rationale

* The company is looking to improve its market position by launching new models at the lower end and taking share from unorganized and organized entities.

* The company plans to re-enter into telecom segment in a large way, with market share of 8% in previous fiscal to 20% by this fiscal year by doing some value engineering

2/21/2015 1:27:48 PM | Posted in Broking Firm Views - Short Term Report read full news
Derivatives Ideas - Buy Bank Nifty - Religare Securities Ltd

DERIVATIVES OUTLOOK

*  The VWAP for Spot Nifty is at 8720 and Bank Nifty at 19290.

*  Nifty has rolled around 15% and Bank Nifty around 12%.

*  Huge put writing seen at 8700 and 8800 and Call writing at 9000 strikes.

*  Vix is likely to be in 18-23% range.

*  PSU banks have seen some cash

20/Feb/2015 12:51 PM | Posted in Broking Firm Views - Short Term Report read full news
Buy Hindustan Petroleum Corporation Ltd For Target Rs.650 - Angel Broking Pvt Ltd

Justification:

The stock price of Hind Petro is moving in uptrend by maintaining a ‘Higher Top Higher Bottom’ formation in higher degree charts. After every sharp up move, the stock is correcting piercingly but making higher lows. Recently, the stock has corrected around 9.50% and made a ‘Inside Doji’ candle in yesterday’s trad

20/Feb/2015 10:16 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy Dr. Reddy's Laboratories Ltd. For Target Rs.3580 - Angel Broking Pvt Ltd

Justification:

The stock has been consolidating in a broad range of `3400 to `3020 since last couple of months. During the session, we witnessed a break out from the mentioned range on the upside as the stock managed to traverse the ‘Multiple Resistance Zone’ of `3400. A modest rise in volumes too supports this price action, providing credence

20/Feb/2015 10:15 AM | Posted in Broking Firm Views - Short Term Report read full news
Sell Bank of Baroda For Target Rs.165 - Angel Broking Pvt Ltd

Justification:

The stock corrected sharply along with other PSU Bank stocks during last week of January 2015. Post registering low around `169, prices have marginally retraced higher. The volumes during the down move were high and are low in this recent corrective pullback, which indicates that the trend is still negative. The prices had formed ‘Doji

20/Feb/2015 10:13 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy Hindustan Zinc Ltd. For Target Rs.190 - Angel Broking Pvt Ltd

Justification:

After a sharp rally from 115 to 180 in May 2014, the stock consolidated sideways in a broad range of 150 to 175 for nine months. This has led of formation of a ‘Flag’ pattern which is a ‘Bullish Continuation’ pattern. As seen in above line chart, prices have started forming higher top and higher bottom and thus have r

20/Feb/2015 10:12 AM | Posted in Broking Firm Views - Short Term Report read full news
Derivatives Ideas - Cipla Ltd - Religare Securities Ltd

Derivatives Ideas:

CIPLA LTD

The stock has formed reversal head and shoulder pattern on hourly chart.. Also it is moving after the consolidation of last 4 trading sessions. It is making an attractive price pattern and with rising trading activity. In addition daily MACD given positive crossover today

Str

20/Feb/2015 04:32 AM | Posted in Broking Firm Views - Short Term Report read full news
Derivatives Ideas - Ambuja Cement Ltd - Religare Securities Ltd

Derivatives Ideas:

Ambuja Cement Ltd

The stock is making an attractive price pattern and with rising trading activity, we are expecting this to continue the upside. Here, we are suggesting to go long for the further movement of 2-4 percent on the higher side.

Strategy: BUY AMBUJACEM FUT BET 263-

19/Feb/2015 04:26 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy Tata Communications Ltd For Target Rs.437.00 - Angel Broking Pvt Ltd

Justification:

The stock has been oscillating within a ‘Downward Sloping Channel’ since last couple of months. Recently, we witnessed a bounce back from the lower end of the channel and the stock is now trading around the higher end of the pattern. Considering positive placement of momentum oscillators along with the rise in volumes; we are ant

2/18/2015 3:40:23 PM | Posted in Broking Firm Views - Short Term Report read full news
Derivatives Ideas - Idea Cellular Ltd - Religare Securities Ltd

Derivatives Ideas:

IDEA CELLULAR LTD :

The stock has closed above its 100 DEMA after long time with good volume. Daily RSI giving positive crossover . So bias is positive. We believe the stock will give good rally in coming session .

Strategy: BUY 160 CE BETWEEN 3-3.50 FOR A TAR

2/18/2015 10:10:44 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy Hindustan Unilever Ltd For Target Rs.970.00 - Angel Broking Pvt Ltd

Justification:

After a sharp rally from ` 744.50 to ` 968.85, we are witnessing a corrective move in the stock from last three weeks. However, the stock continuing its strong uptrend by maintaining a ‘Higher Top Higher Bottom’ formation in higher degree charts. As seen in the above daily chart, the stock has taken support of the 38.20% retracem

2/16/2015 1:03:01 PM | Posted in Broking Firm Views - Short Term Report read full news
Accumulate Sintex Industries Ltd For Target Rs.128.00 - Religare Securities Ltd

Investment Rationale

*  Sintex is one of the leading providers of plastics and niche textile-related products in India.

*  The prefab business (prefabricated buildings) is expected to show good growth in coming years, with new government schemes like Swacch Bharat Mission, National Mission for Clean Ganga and through various CSR initiat

2/13/2015 5:47:00 PM | Posted in Broking Firm Views - Short Term Report read full news
Buy Rural Electrification Corporation Ltd For Target Rs.350.00 - Angel Broking Pvt Ltd

*  The stock is moving in uptrend by maintaining a ‘Higher Top Higher Bottom’ formation in higher degree charts.

*  As seen in the above daily chart, the stock has given breakout from the multiple resistance zone in hourly chart.

*  Momentum oscillator ‘RSI’ has given positive crossover with its average in daily chart and also appr

13/Feb/2015 09:08 AM | Posted in Broking Firm Views - Short Term Report read full news