Buy Tata Steel Ltd For Target Rs.442.00 - Reliance Sec

Technical Research

* The stock rose to almost two week high post giving break-out from its 100-days SMA with relatively better volume.

* Rise in RSI post positive cross-over is signaling strength in the stock.

* Recovery in MACD Histogram & improving MACD is signaling that stock is out of the woods.

* As per current da

3/01/2017 11:18:28 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy Tata Motors Ltd For Target Rs.566.00 - Reliance Sec

STOCK IN FOCUS

* Tata Motors (TML) M&HCV export segment is expected to contribute 25% to its total revenue from CV segment over the period.

* The company plans to improve its positioning in the domestic PV market via launch of new products. f In JLR business, new product’s life cycle is opening up.

* New launches would aug

3/01/2017 11:14:15 AM | Posted in Broking Firm Views - Short Term Report read full news
Derivative Ideas Hindalco Industries Ltd For Target Rs.8.00 - Religare Sec

HINDALCO added around 4.5% of open interest as long positions. Put writing was seen at 150 & 155 strikes. On charts, it has breached past five days congestion zone on the higher side. We expect it to rally till 168 in short term. We recommend doing a bull spread in HINDALCO as per levels given below.

 

Strategy:

BUY HINDALC

3/01/2017 10:36:27 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy NMDC Ltd For Target Rs.150.00 - Religare Sec

NMDC Limited

NMDC has formed a cup and handle pattern on the weekly chart and trading on the verge of breakout from the same. Traders should not miss this opportunity and go long in the given range.

 

Recommendation

Buy NMDC Limited @ 128-130 Stoploss 120 Target 150 CMP 128.2

3/01/2017 10:33:47 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy Gail (India) Ltd For Target Rs.470.00 - Religare Sec

GAIL (India) Limited

GAIL has performed exceptionally well in the past and is currently one of the best performing stock within the Nifty-50 pack. At current juncture, it is set for fresh breakout from buying pivot on weekly chart. Hence, we recommend buying this stock within the mentioned range.

 

Recommendation

2/01/2017 11:09:51 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy Exide Industries Ltd For Target Rs.200-206 - Reliance Sec

Technical Research

* The stock slipped to Rs168 from its all-time-high Rs206 in less than a month amidst higher level profit booking, but later it managed to find support around its 38.2% Fibonacci Retracement level of prior up-move (Rs115-206) and its 50-week EMA.

* Rise in Stochastic after visiting its oversold zone is signaling that stock

2/01/2017 11:06:35 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy Bharat Petroleum Corporation Ltd For Target Rs.680.00 - Religare Sec

Bharat Petroleum Corporation Limited

BPCL posted fresh breakout on Thursday i.e. 29th December on back of strong volume after consolidating near its 100 EMA support for almost two weeks. This clearly indicates buyers interest at current levels.

 

Recommendation

Buy Bharat Petroleum Cor

2/01/2017 10:58:14 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy Mangalam Cement Ltd For Target Rs.410.00 - Reliance Sec

STOCK IN FOCUS

* Mangalam Cement (MCL) surged 3.5% in Friday’s volatile market on the expectation of better performance ahead with the possible improvement in sales volume in coming weeks.

* MCL’s initiatives in the form of multi fuel usability, new railway siding and thrust on increasing PPC production (currently at 60%) will aug

2/01/2017 10:53:35 AM | Posted in Broking Firm Views - Short Term Report read full news
Accumulate India Cements Ltd For Target Rs.135.00 - Religare Sec

Investment Rationale

* India Cements is one of the leading cement manufacturing companies in India and also a leader in South India. The total capacity of the company stands at around 15.5 million tonnes with eight integrated plants and two grinding units.

* In Q2FY17, it reported sales growth of 6.7% to Rs.1307.5 cr compared to Rs. 1225.8 cr

31/12/2016 10:37:26 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy Hindustan Petroleum Corporation Ltd For Target Rs.15.00 - Religare Sec

Strategy:-

HINDPETRO added around 1.8% of open interest as long positions along with good delivery based buying in previous sessions. We expect it to rally till 460 levels in short term. We suggest buying 450 CE as per levels given below.

 

Strategy:

BUY HINDPETRO 450 CE BETWEEN 5-6,

31/12/2016 10:27:53 AM | Posted in Broking Firm Views - Short Term Report read full news
Derivative Ideas For Nifty - Religare Sec

DERIVATIVES OUTLOOK

* Nifty Jan futures volume weighted average price (VWAP) is at 8050 and Banknifty futures is at 18000.

* Huge put writing was seen at 8100 & 8000 strikes.

* In options, highest positions are still at 8000 PE and 8200 CE.

* Nifty is expected to be in the range of 8000-8350.

* Finance, FMCG,

31/12/2016 10:22:35 AM | Posted in Broking Firm Views - Short Term Report read full news
Derivative Ideas Vedanta Ltd For Target Rs.230.00 - Religare Sec

VEDL added around 12.50% of open interest as fresh long positions along with some delivery based buying in previous day. It has also formed a Inverted Head & Shoulder pattern on intraday charts. We recommend doing a covered call in VEDL.

 

Strategy:

BUY VEDL JAN FUTS BETWEEN 214-216 & SELL 230 CE BETWEEN 4-5, SL 208, TA

30/12/2016 10:46:17 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy Exide Industries Ltd For Target Rs.200-206 - Reliance Sec

Technical Research

* The stock slipped to Rs168 from its all-time-high Rs206 in less than a month amidst higher level profit booking, but later it managed to find support around its 38.2% Fibonacci Retracement level of prior up-move (Rs115-206) and its 50-week EMA.

* Rise in Stochastic after visiting its oversold zone is signaling that stock

30/12/2016 10:44:41 AM | Posted in Broking Firm Views - Short Term Report read full news
Sell KPIT Technologies Ltd For Target Rs.125.00 - Religare Sec

KPIT Technologies Limited

KPIT is trading weak, below its long and medium-term averages (200/100 EMA) on daily chart, indicating down trend. Yesterday, i.e. 29th December, it settled at day’s low, recording decent volume. All this goes to show, stock is in weak hands and will head southwards in near-term as well.

 

30/12/2016 10:40:34 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy DCB Bank Ltd For Target Rs.144.00 - Reliance Sec

STOCK IN FOCUS

* DCB Bank closed 2.6% higher, outperforming benchmark NIFTY by 1.7%

* The bank has demonstrated strong performance in 2QFY17 led by the robust growth in balance sheet, best in class NIM’s coupled with consistent improvement on all major assets quality parameters

* We expect the bank performance to be posit

30/12/2016 10:36:57 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy Havells India Ltd For Target Rs.355.00 - Religare Sec

Havells India Limited

Post steep sell-off, HAVELLS has formed Inverted Head and Shoulder formation on intraday chart. It is a bullish trend reversal formation. Hence, we advocate buying this stock with in the mentioned range.

 

Recommendation

Buy Havells India Limited @ 325-328 St

30/12/2016 10:34:44 AM | Posted in Broking Firm Views - Short Term Report read full news
Sell PTC India Ltd For Target Rs.67.00 - Reliance Sec

Technical Research

* The stock has witnessed smart pull back rally in last two trading sessions after a sharp fall.

* Though fall in MACD post its negative cross-over is signalling short-term weakness in the stock, but fresh short position can be crated only on rebound, as pull back rally may continue due to F&O expiry.

* On the

29/12/2016 10:14:17 AM | Posted in Broking Firm Views - Short Term Report read full news
Sell IRB Infrastructure Developers Ltd For Target Rs.177.00 - Religare Sec

IRB Infrastructure Developers Limited

IRB is trading weak below its important long, medium and short-term averages from quite a while. A selling pivot is also visible on its daily chart, indicating weakness ahead. Hence, it makes sense in short selling this stock in mentioned range.

 

Recommendation

29/12/2016 10:10:11 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy JSW Steel Ltd For Target Rs.1,696.00 - Reliance Sec

STOCK IN FOCUS

* JSW Steel closed ~0.5% higher yesterday beating the NSE Metal Index, supported by 1.4x its 2-week average traded volume

* Domestic HRC prices continue to inch higher in-line with International steel prices and is currently trading at Rs37,333/ tonne up 12% since 1st October 2016

* JSTL’s sales volume in 2QFY17

29/12/2016 10:07:20 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy Exide Industries Ltd For Target Rs.190.00 - Religare Sec

Exide Industries Limited

EXIDEIND has been consolidating in range near its 100/200 EMA (177/170) supports from quite a while. And, it seems stock has formed strong base around that area as well. Hence, we believe, it will head northwards in the coming sessions.

 

Recommendation

Buy Exi

29/12/2016 10:02:17 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy Bharti Airtel Ltd For Target Rs.320-330 - Reliance Sec

Technical Research

* The stock has found good support around Rs290 after witnessing sharp decline from Rs337.

* Rise in Stochastic from its oversold zone and possible positive cross-over in RSI is signalling strength in the stock. f As per the current daily set-up, we believe that stock will surge higher utilizing recent base formation and so

28/12/2016 10:49:11 AM | Posted in Broking Firm Views - Short Term Report read full news
Sell Bharat Heavy Electricals Ltd For Target Rs.112.00 - Religare Sec

Bharat Heavy Electricals Limited

BHEL settled at day’s high yesterday i.e. 27th December despite weak trend. This up move was mainly on account of buying witnessed across the board. As its over all trend is weak; we believe, further bounce should be a good opportunity to create fresh short positions.

 

Reco

28/12/2016 10:45:23 AM | Posted in Broking Firm Views - Short Term Report read full news