Sell Aditya Birla Nuvo Ltd For Target Rs.1555 - Religare Securities Ltd.

Recommendation

Sell Aditya Birla Nuvo Ltd Futs   At 1610-1630 Target Rs.1555  And Stop Loss Rs.1655 , CMP 1621.7

 

Rationale:

ABIRLANUVO is struggling at higher levels, it has been forming indecisive candlesticks from the past four trading sessions. It is also on the verge of break down form &ld

07/Oct/2014 06:09 PM | Posted in Broking Firm Views - Short Term Report read full news
Sell Larsen & Toubro Ltd For Target Rs.1335 - Angel Broking Pvt Ltd

Justification:

In recent trading sessions, similar to most of the heavyweights, ‘L&T’ too has been witnessing a decent price-wise correction. As a result, the daily chart depicts a ‘Lower Top Lower Bottom’ formation, indicating weakness in the near term. During the session, the stock prices managed to sneak below the recent swing

07/Oct/2014 03:49 PM | Posted in Broking Firm Views - Short Term Report read full news
Buy Jet Airways Ltd For Target Rs. 232 - Angel Broking Pvt Ltd

Justification:

The stock completely lost its momentum immediately after witnessing a strong upside rally in the month of April 2014. Since then it has been gradually sliding lower to post a new multi-year low of `203 (low on September 26, 2014). However, a strong recovery from the day’s low pulled the stock prices higher to form a ‘Bull

01/Oct/2014 04:00 PM | Posted in Broking Firm Views - Short Term Report read full news
Sell State Bank of India For Target Rs. 2310 - Angel Broking Pvt Ltd

Justification:

Similar to other PSU Banking counters, ‘SBI’ too remained under some selling pressure in the last we ek. In the proc ess, the stock prices sneaked below the strong support zone of the daily ’89 - EMA’ placed around ` 2445. This sell off was followed by a modest bounce back from the recent lows. But, we interpr

01/Oct/2014 04:06 PM | Posted in Broking Firm Views - Short Term Report read full news
Sell Nifty For Target Rs. 7,940 - Angel Broking Pvt Ltd

* Thursday’s close below `7950 had confirmed a ‘Lower Top Lower Bottom’ formation on the daily chart, which is a sign of near term down trend.

*  Further, looking at the hourly chart, it is clearly seen that the Nifty has a strong resistance zone around `8060, which is the 61.8% Fibonacci retracement level of the recent fall from `8177 to `7884.

*

30/Sep/2014 04:36 PM | Posted in Broking Firm Views - Short Term Report read full news
Buy Biocon Ltd. For Target Rs. 530 - Religare Securities Ltd.

Recommendation

Buy  Biocon Ltd. At 505-500 Target Rs. 530 And Stop Loss Rs.490, CMP 508.75

 

Rationale:

BIOCON has been trading in an upward sloping channel from last two months, having 530 as its upper band; and is also trading in a Saucer Pattern (a bullish continua

29/Sep/2014 06:14 PM | Posted in Broking Firm Views - Short Term Report read full news
Sell Idea Cellular Ltd. For Target Rs.151 - Angel Broking Pvt Ltd.

Justification:

The hourly chart clearly displays a breakdown from the ‘Upward Sloping Trend Line’ around the important support level of `165. This price activity has supported by the modest increase in volumes. In addition, the stock has now sneaked below the daily ’20 EMA’, which is a sign of near term weakness. Considering

27/Sep/2014 10:40 AM | Posted in Broking Firm Views - Short Term Report read full news
Accumulate Rural Electrification Corporation Ltd. For Target Rs.315 -Religare Securities Ltd

Investment Rationale

* REC provides financial assistance to state electricity boards, state government departments and rural electric co-operatives for rural electrification projects. The Company has reported healthy 11% increase in its net profit to Rs 1282.79 crore for the quarter ended June 2014. The steady loan book growth and improvement in m

26/Sep/2014 06:15 PM | Posted in Broking Firm Views - Short Term Report read full news
Buy HDFC Ltd. For Target Rs. 1110 - Religare Securities Ltd.

Recommendation

Buy  HDFC Ltd. Target Rs. 1110 And Stop Loss Rs.1030, CMP 1056.7

Rationale:

HDFC witnessed steep run-up from 900 till 1150 levels with in a short span of two and half months (June-Aug, 2014). Later profit taking was witnessed where in the stock retraced 50% of the abo

25/Sep/2014 06:30 PM | Posted in Broking Firm Views - Short Term Report read full news
Sell Asian Paints Ltd.For Target Rs.588 - Angel Broking Pvt Ltd

Justification:

Similar to most of the counters, ‘Asian Paints’ too witnessed a strong selling pressure from last few trading sessions. In the process, prices have now sneaked below the ‘Upward Sloping Trend Line’ with a modest increase in intraday volumes, indicating possibility of correction. Moreover, the weekly ‘RSI

25/Sep/2014 05:52 PM | Posted in Broking Firm Views - Short Term Report read full news
Buy Indian Oil Corporation Ltd.For Target Rs.380 - Angel Broking Pvt Ltd.

Justification:

After posting a life time high of `411.20 (High on September 12, 2014), the stock prices corrected significantly in last few trading sessions. Looking at the daily chart, it seems that the fall has been arrested around the strong support zone of the daily ’89-EMA’ level placed around `345. In addition, yesterday’s d

25/Sep/2014 05:35 PM | Posted in Broking Firm Views - Short Term Report read full news
Buy Berger Paints Ltd For Target Rs.410 - Religare Securities Ltd

Company Overview

Berger Paints India Ltd is the third largest paint manufacturer and the second largest decorative paint player in India. They are offering their customers a variety of innovative painting solutions, decorative or industrial. Its decorative business constitutes about 80% of its overall business.

 

Inves

25/Sep/2014 10:38 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy Aurobindo Pharma Ltd. For Target Rs. 920 - Religare Securities Ltd

Recommendation

Buy  Aurobindo Pharma Ltd. Target Rs. 920 And Stop Loss Rs.750, CMP 799.15
 

Rationale:

AUROPHARMA has performed well in the recent past. Due to ongoing profit taking among broader indices, it failed to hold higher levels and retraced 61.8% of the recent rise (6

24/Sep/2014 06:11 PM | Posted in Broking Firm Views - Short Term Report read full news
Sell NHPC Ltd. For Target Rs. 18.50 - Religare Securities Ltd

Recommendation

Sell  NHPC Ltd.Oct Futs Below 20 Target Rs. 18.50 And Stop Loss Rs.20.60, CMP 20.15

 

Rationale:

NHPC has been hovering around 200 EMA, in a distribution pattern (Head & Shoulder) on daily charts from last one month. On Tuesday i.e. 23rd September 2

23/Sep/2014 06:33 PM | Posted in Broking Firm Views - Short Term Report read full news
Pair Trade - Buy Wipro Ltd and Sell HCL Technologies Ltd - 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 correlated to each other and 90 days correlation between the two is around 94%. However in short term hcltech has outperformed wipro and in this process price ratio of bot

23/Sep/2014 06:12 PM | Posted in Broking Firm Views - Short Term Report read full news
Buy Chennai Petroleum Ltd For Target Rs. 160 -Way2Wealth

It is apparently noticeable on the monthly chart that Chennai Petro has been an underperformer since last 4 years as the stock kept on declining from 290 levels to the recent low of 52. Very soon after that, we observed a fearless recovery in the counter and the stock is now hovering near the 100 mark. During the process, the stock has confirmed ‘Higher Highs and Higher Lows’ on

23/Sep/2014 06:03 PM | Posted in Broking Firm Views - Short Term Report read full news
Buy LIC Housing Finance Ltd For Target Rs.363 - GEPLCapital Ltd

LIC Housing has retraced in a corrective fashion after forming a high of 352 and has registered a sharp bounce from the recent low of 275. Recently the stock registered a break out of a declining Trend line connecting the highs of 349 and 330 and since then also has given a back test of the same trend line and moved higher. The stock appears to be tracing out a final fifth wave advance which

23/Sep/2014 04:53 PM | Posted in Broking Firm Views - Short Term Report read full news
Sell Axis Bank Ltd For Target Rs.380 - Angel Broking Pvt Ltd

Justification:

It’s been nearly four months; the stock has been vacillating within the ‘Upward Sloping Channel’ on the daily chart. Recently, the stock prices precisely faced a strong resistance around the higher end of the ‘Channel’ and then corrected a bit. The consolidation happened in last 4 – 5 trading sessions has r

23/Sep/2014 04:46 PM | Posted in Broking Firm Views - Short Term Report read full news
Buy Dai-Ichi Karkaria Ltd For Target Rs. 156 - GEPL Capital Ltd

Company Snapshot

Dai-Ichi Karkaria Ltd (Daichi) is Mumbai based specialty chemical manufacturing company. The company is mainly involved in manufacturing of the cohesive solutions needs for various industries. The company is also involved in manufacturing of surfactants and specialty polymers use in various industries like paints & pigments, ad

23/Sep/2014 06:26 PM | Posted in Broking Firm Views - Short Term Report read full news
Buy Grasim Industries Ltd For Target Rs. 3880 - Religare Securities Ltd

Recommendation

Buy  Grasim Industries Ltd.Oct Futs Above 3760 Target Rs. 3880 And Stop Loss Rs.3690, CMP 3757

 

Rationale:

GRASIM has been trading in a Broadening pattern on daily charts from last 15 trading sessions. On Monday i.e. 22nd September 2014 - it settled af

22/Sep/2014 06:13 PM | Posted in Broking Firm Views - Short Term Report read full news
Buy Trident Ltd. For Target Rs. 31 - GEPL Capital Ltd

Company Snapshot

Trident Ltd (Trident) is a diversified company present in the textile (80%) and paper (20%) industries. The profitability of Trident’s textile business has improved driven by recovery in the key export market - the US, and a higher share of value-added products. Most of the current capacities are run at peak utilisation. The

22/Sep/2014 05:44 PM | Posted in Broking Firm Views - Short Term Report read full news
Buy Amtek Auto Ltd. For Targets Rs. 274 - Sharekhan

In fifth gear

The stock seems to have completed its wave 4. In the process it has formed a triangular pattern. Now the wave E of the triangle seems to have got over and wave 5 up seems to have started. The momentum indicator is in buy mode on the daily chart and is also above the zero reference line. The minimum targets on the upside are Rs274 and

19/Sep/2014 11:24 AM | Posted in Broking Firm Views - Short Term Report read full news