Derivatives Idea - Buy Reliance Communications Ltd - Religare Securities Ltd

Derivatives Ideas :

RCOM:

The stock has broken its down ward supporting trend line with good volumes today. Momentum oscillators like MACD showing positive divergence . Considering this stock will move 2-4% in coming days

Strategy: BUY RCOM FUT BET 81-83 FOR A TGT OF 89 WITH A SL OF 77

05/Jan/2015 11:38 AM | Posted in Broking Firm Views - Short Term Report read full news
Accumulate Titan Company Ltd For Target Rs.430 - Religare Securities Ltd

Investment Rationale

*  Titan Company Ltd has the largest retail and distribution network for watches and accessories in India. The Company continued to expand its retail foot-print taking its total count of World of Titan’s to 401, Fastrack stores to 151 and multibrand Helios stores to 49.

*  The company continued to invest in i

02/Jan/2015 06:04 PM | Posted in Broking Firm Views - Short Term Report read full news
Buy Bank of India Ltd For Target Rs.330 - Angel Broking Pvt Ltd

*  As seen in the above chart, the stock is moving in uptrend by maintaining a ‘Higher Top Higher Bottom’ formation on daily chart.

*  In today’s trading session, the stock has given breakout from the multiple resistance zone of 305 -307 with healthy volumes, which validates the breakout.

*  ‘RSI - Smoothened’ oscillator is a

02/Jan/2015 04:00 PM | Posted in Broking Firm Views - Short Term Report read full news
Derivative Idea - Buy Sesa Sterlite Ltd - Religare Securities Ltd

Derivatives Ideas :

SSLT: The stock has closed above 20 DMA with good volumes today. Daily RSI showing trend reversal signal and MACD given positive crossover witnessing strong up move in coming session

Strategy: BUY SSLT FUT BET 217-219, TGT 231, SL 212.

LOT SIZE: 1000

&nbs

02/Jan/2015 11:01 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy JSW Steel Ltd For Target Rs.1110 - Angel Broking Pvt Ltd

Justification:

Similar to its peers, ‘JSW Steel’ has undergone a massive price-wise correction over the past few months. However, looking at the weekly chart, it seems that the stock is now finding a strong support around the weekly ’89 EMA’ level of `1020 and is now consolidating around it. In addition, this support zone coincides

01/Jan/2015 11:54 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy Divi's Laboratories Ltd For Target Rs.1835 - Angel Broking Pvt Ltd

Justification:

The stock is moving in an uptrend by maintaining a ‘Higher Top Higher Bottom’ formation in higher degree charts. The ongoing up move seems to be a copy book ‘Impulse and Corrective Rally’ which led the stock to bounce back sharply from some or the other Fibonacci retracement levels. As seen in the above daily chart, t

01/Jan/2015 11:54 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy Arvind Ltd For Target Rs.320 - Religare Securities Ltd

*  The stock witnessed steep run-up during Aug-13 till Sep-14. It rallied from 65 till 340 levels during that period.

*  Post exceptional run-up profit taking was witnessed, wherein it traded with-in declining channel formation on weekly chart.

*  Recently, it has formed Inverse Head and Shoulder formation on daily chart. This is a bullish reversal patter

01/Jan/2015 11:01 AM | Posted in Broking Firm Views - Short Term Report read full news
Derivative Idea - Buy Tata Global Beverages Ltd - Religare Securities Ltd

Derivatives Ideas :

TATAGLOBAL:

The stock has closed above 20 DMA with good volumes today. Daily RSI showing trend reversal signal and MACD given positive crossover witnessing strong up move in coming session

Strategy: BUY TATAGLOBAL FUT BET 149-151 FOR A TGT OF 158.50 WITH A SL OF 146

01/Jan/2015 10:37 AM | Posted in Broking Firm Views - Short Term Report read full news
Derivative Idea - Buy Nifty And Century Textiles & Industries Ltd - Religare Securities Ltd

Derivatives Ideas :

NIFTY COVERED CALL STRATEGY: Some short covering seen in Nifty futures and call buying at 8300 and 8400 strike seen. Short covering above Nifty futures vwap of 8297 followed by buying on Out of the money Call options we expect nifty to be at around 8450-8460 in the short term.

Strategy:

BUY NIFTY JA

31/Dec/2014 11:48 AM | Posted in Broking Firm Views - Short Term Report read full news
Derivative Idea - Buy Apollo Tyres Ltd - Religare Securities Ltd

Derivatives Ideas :

APOLLOTYRE has broken its downward slopping trend line with high volumes today. Daily RSI showing positive crossover and MACD also showing positive divergence suggesting stock will give some rally on upside.

Strategy:

BUY APOLLOTYRE FUT BET 220-223 FOR A TGT OF 235 WITH A SL OF 215

30/Dec/2014 11:03 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy Dish TV India Ltd For Target Rs.76 - Religare Securities Ltd

Investment Rationale

*  Dish TV witnessed a healthy growth in HD sales and a good traction coming in from sale of the ‘Zing' brand, further strengthened its position as the fastest growing DTH player in the country.

*  The newly introduced Sports driven packaging also found instant favor with subscribers, thus enabling Dish TV

29/Dec/2014 12:18 PM | Posted in Broking Firm Views - Short Term Report read full news
Derivative Idea - Buy Bank of India - Religare Securities Ltd

Derivatives Ideas :

BANK INDIA on has been consolidating in the range of 296 to 263 since past 3-5 weeks. In todays session, the stock managed to cross this levels and have confirmed a bullish Flag breakout on daily chart. In addition it has broken its neckline of bullish inverted and s

29/Dec/2014 10:49 AM | Posted in Broking Firm Views - Short Term Report read full news
Derivative Idea - Buy Exide Industries Ltd - Religare Securities Ltd

Derivatives Ideas :

EXIDEIND has formed piercing line candlestick pattern on daily chart. From past 3 trading session it manages to sustain above its 20d ma with good volumes . RSI is above 65 so we expect the stock will give rally in coming days.

Strategy: BUY EXIDEIND BET 170-172 FOR A TGT OF 185 WITH A SL OF 166

26/Dec/2014 10:32 AM | Posted in Broking Firm Views - Short Term Report read full news
Sell Indian Oil Corporation Ltd For Target Rs.311 - Angel Broking Pvt Ltd

Justification:

Similar to its peers, the ‘IOC’ too witnessed a price-wise correction in last few weeks. On December 15, 2014, the stock prices finally sneaked below the ‘Multiple Support Zone’ of `340 on a closing basis. This price development can also be termed as a breakdown from the ‘Triangle’ pattern on daily chart.

24/Dec/2014 04:38 PM | Posted in Broking Firm Views - Short Term Report read full news
Sell Tata Consultancy Services Ltd For Target Rs.2380 - Angel Broking Pvt Ltd

*   The stock is maintaining its near term downtrend by trading in a ‘Lower Top Lower Bottom’ on the daily chart.

*   Recently, the stock prices corrected sharply from the highs of `2700 and then gave a modest bounce towards the daily ’89 EMA’ level of `2530.

*   This level coincides with the 50% Fibonacci retracement level of

24/Dec/2014 04:34 PM | Posted in Broking Firm Views - Short Term Report read full news
Derivative Idea - Buy Motherson Sumi Systems Ltd- Religare Securities Ltd

Derivatives Ideas :

MOTHERSUMI has formed flag pattern on daily chart . It is consolidating bet 455 to 428 level from past 3 trading session . Daily RSI is above 65 mark suggesting strength in this counter . We expect the stock will form bottom near 425-430 level and will bounce .

Strategy:

BUY MOTHERSUMI JAN FUT. BET

24/Dec/2014 10:44 AM | Posted in Broking Firm Views - Short Term Report read full news
Sell State Bank of India For Target Rs.283 - Angel Broking Pvt Ltd

Justification:

As seen in the above chart, stock has given ‘Rising Channel’ breakdown in hourly chart on opening tr ades of December 16, 2014. After a sharp fall of n early 12% fr om ` 326.95 to ` 287, the stock price s bounced back piercingly to ` 312.60 levels. The recent bounce is taking resistance of the channel breakdown trendline, which co

23/Dec/2014 03:33 PM | Posted in Broking Firm Views - Short Term Report read full news
Sell Nifty For Target Rs.8175 - Angel Broking Pvt Ltd

*   Elliot Wave counts on Nifty suggest that on minor degree, wave iv of wave (3) is in force since firs t week of this month.

*   The correction seen in this month from 8626 to 7961 was a three wave a - b - c down move which we have labeled as ‘wave a’ of ‘wave iv’. Post that, Nifty bounced back sharply and moved up to 61.8% retracement of &lsquo

23/Dec/2014 03:20 PM | Posted in Broking Firm Views - Short Term Report read full news
Buy Mahindra and Mahindra Ltd For Target Rs.1300 - Angel Broking Pvt Ltd

*  The stock has reverted higher from its support levels of 1200-1210.

*  The stock seems to have completed the correction seen from high of 1433 in August 2014.

*  On hourly charts, the prices have given breakout of a ‘Falling Channel’ and thus we expect the stock to resume its broader uptrend.

*  ‘RSI’ on daily ch

23/Dec/2014 04:47 PM | Posted in Broking Firm Views - Short Term Report read full news
Derivative Idea - Buy State Bank of India - Religare Securities Ltd

Derivatives Ideas :

SBI has formed reversal head and shoulder pattern on hourly chart . Today it has broken its neckline 306 level with high volumes and also oscillators like RSI and MACD showing positive divergence on hourly chart witnessing stock will give 3-5 % rally from current levels .

Strategy: BUY SBIN FUT BET 304-307 FOR

23/Dec/2014 03:28 PM | Posted in Broking Firm Views - Short Term Report read full news
Buy FDC Ltd For Target Rs.180 - Religare Securities Ltd

*  Its trading range for the past three months has been 140-165 level and trading within a Pennant formation on the monthly chart.

*  It is on the verge of breakout from Inverse Head and Shoulder formation on the daily chart as well.

*  All this indicates that the stock is having potential to trade at higher levels in the coming weeks.

 

22/Dec/2014 02:16 PM | Posted in Broking Firm Views - Short Term Report read full news
Buy Castrol India Ltd For Target Rs.540 - Religare Securities Ltd

*  The stock has rallied more than 20% in the month of Nov-14. The up move was supported by strong volume as well.

*  Profit taking is being witnessed from the second week of current month (Dec-14). It settled after forming Dragonfly Doji candlestick pattern on Wednesday. This signifies bullish reversal when formed after prolong red candlesticks.

*  All t

22/Dec/2014 02:29 PM | Posted in Broking Firm Views - Short Term Report read full news
Sell Arvind Ltd For Target Rs.250 - Angel Broking Pvt Ltd

Justification:

On December 09, 2014, the stock prices gave a breakdown form the ‘Triangle’ pattern around `273 on a closing basis. This was followed by a sharp correction more than 10% in merely five trading sessions. However, we have been witnessing a smart recovery in prices after registering a low `242 on December 17, 2014. On Friday, the st

22/Dec/2014 01:10 PM | Posted in Broking Firm Views - Short Term Report read full news
Derivative Idea - Sell Nifty - Religare Securities Ltd

Derivatives Ideas :

Some short rolls seen in Nifty futures and call writing at 8250 strike. Vix is likely to fall to around 11.5 levels. We expect nifty to be 8300-8050 in the short term.

Strategy: SELL JAN NIFTY 8600 CE BET. 45-46 WITH A SL OF 57 FOR A TGT OF 15

LOT SIZE : 25

 

22/Dec/2014 11:24 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy HCL Technologies Ltd For Target Rs.1650 - Angel Broking Pvt Ltd

*  Post corrective action seen from high of 1697, the stock took support near its previous support level around 1470.

*  The stock seems to have completed a ‘ZigZag’ corrective pattern with ‘wave c’ ending near the low seen early this week.

*  On intraday charts, the stock has formed a ‘Inverted Head & Shoulders’ pa

20/Dec/2014 12:26 PM | Posted in Broking Firm Views - Short Term Report read full news