Buy The India Cements Ltd For Target Rs.202.00 - Religare Sec

The India Cements Limited

INDIACEM has rebounded swiftly from its support zone around 170 level of late and formed a fresh buying pivot on daily chart. The chart pattern is indicating strong surge ahead thus traders can accumulate fresh in the given range.

13/09/2017 9:34:20 AM | Posted in Broking Firm Views - Short Term Report read full news

Buy Kansai Nerolac Paints Ltd For Target Rs.508.00 - Choice Broking

* On an hourly chart, the stock has given an upside move after forming the positive crossover of its 20*50 hours exponential moving averages which may lead the stock to move further in northward direction.

* On a daily chart, the stock has been trading with the strong support of its 20 days exponential moving average which signifies bullish sentiments in the counter.

* A dai

12/09/2017 4:33:22 PM | Posted in Broking Firm Views - Short Term Report read full news
Buy Escorts Ltd For Target Rs.705.00 - Choice Broking

* On an hourly chart, the stock has given a breakout from an ascending triangle pattern at 671.50 level with rise in volumes.

* Moreover, the stock on the daily chart, has been trading above its key short term and long term moving averages indicates positivity in the stock.

* During the recent correction in the stock from peak of 764.35 to 547.15, the RSI (14) on the daily c

12/09/2017 4:02:10 PM | Posted in Broking Firm Views - Short Term Report read full news
Buy KEC International Ltd For Target Rs.352.00 - Choice Broking

* The stock has been trading at an uncharted territory with ample volume activity which suggests a further upside movement in the counter.

* On a daily chart, the stock has given a breakout of the 50% Fibonacci extension level of its last swing High-Low (322.40-300.00) and heading towards the 100% level which shows the potentiality for a north side move.

* The stock has been

12/09/2017 3:56:57 PM | Posted in Broking Firm Views - Short Term Report read full news
Buy Rural Electrification Corporation Ltd For Target Rs.177.00 - Reliance Sec

* The stock has consolidated in the past few weeks making higher bottoms and poised for up move in the coming few weeks as the sector continue to remain in momentum.

* The key technical indicators RSI has also reversed turning upwards and as the stock is in poised for a breakout from current levels.

* The stock has completed its 61.8% retracement levels from the range of (11

12/09/2017 1:34:41 PM | Posted in Broking Firm Views - Short Term Report read full news
Buy Yes Bank Ltd For Target Rs.2,051.00 - Reliance Sec

* YES Bank closed 3.2% higher, outperforming benchmark NIFTY Index by 2.5%

* The Bank is making sustained progress towards building a strong retail franchise, which we expect would add depth to its balance sheet and boost earnings.

* YES Bank demonstrated all round improvement in asset quality front led by 89.5% QoQ decline in fresh slippages, 32.4% QoQ decline in gross NPA

12/09/2017 1:28:31 PM | Posted in Broking Firm Views - Short Term Report read full news
Derivative Ideas ONGC Ltd For Target Rs.10.00 - Religare Sec

Derivative Ideas

ONGC added around 1.1% in open interest as fresh long positions with some delivery based buying in previous session. Current chart pattern too indicate fresh surge in price. We suggest buying ONGC September call options as per levels mentioned below.

 

Strategy:

12/09/2017 9:39:46 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy Tata Communications Ltd For Target Rs.700.00 - Religare Sec

Tata Communications Limited

TATACOMM has rebounded swiftly from its support zone around 570 level of late with noticeable rise in volume. And, it has formed a fresh buying pivot and likely to witness strong surge in near term. Traders should go long in the given range.

12/09/2017 9:34:22 AM | Posted in Broking Firm Views - Short Term Report read full news

Technical Recommendation 11th September 2017

SCRIP NAME AND SYMBOL - GAIL (India) Limited

TECHNICAL RATIONALE – GAIL has witnessed a fresh breakout from a consolidation pattern today i.e. on 11th Sep and looks all set for a fresh surge. Traders can use any dip to accumulate in the given range.

11/09/2017 5:40:37 PM | Posted in Broking Firm Views - Short Term Report read full news

Buy Hindustan Oil Exploration Company Ltd For Target Rs.101.00 - Choice Broking

* On a daily chart, the stock has been trading at an uncharted territory with ample volume activity which suggests a further upside movement in the counter.

* On a weekly chart, the stock is forming three white soldiers candlestick pattern which signifies bullish sentiments in the counter.

* A daily momentum indicator RSI reading is at 72.80 level, trending in an overbought

11/09/2017 4:26:08 PM | Posted in Broking Firm Views - Short Term Report read full news
Buy Cummins India Ltd For Target Rs.970.00 - Choice Broking

* On an hourly chart, recently the stock has taken a support of its lower band of Upward Rising channel in which it has been trading since last many days which indicates an upside move in the counter from the present level.

* On a daily chart, the stock has started to trade above its 20 days exponential moving average with above average volume which shows that the stock may further pr

11/09/2017 3:41:17 PM | Posted in Broking Firm Views - Short Term Report read full news
Buy Syngene International Ltd For Target Rs.550.00 - Choice Broking

* Incorporated in 1993 as a subsidiary of Biocon Limited, Syngene is a leading custom research and manufacturing organization, which supports R&D programs from lead generation to clinical supplies. Their multi-disciplinary skills in integrated drug discovery and development include capabilities in medicinal chemistry, biology, in vivo pharmacology, toxicology, custom synthesis, process R&am

11/09/2017 12:24:58 PM | Posted in Broking Firm Views - Short Term Report read full news
Sell SRF Ltd For Target Rs.1,440.00 - Reliance Sec

* SRF reversed after facing resistance from its prior break-down line and slipped to 3-day closing low. Previously, the stock has plunged to Rs1,410 after a similar reversal from the trend line.

* Negative cross-over in Stochastic around its overbought zone is signaling that up-side will be limited in the stock (if any).

* As per the current daily set-up, we believe that the

11/09/2017 12:06:56 PM | Posted in Broking Firm Views - Short Term Report read full news
Buy Jyothy Laboratories Ltd For Target Rs.430.00 - Reliance Sec

STOCK IN FOCUS

* Jyothy Laboratories (JYL) closed 0.5% higher in trade today at Rs397 vs. flat close in the benchmark Nifty.

* JYL has a strong portfolio of brands like Ujala, Maxo, Exo, Margo, Henko and Pril among others in its portfolio.

* The company is focused on improving its direct distribution network and reduce dependence on

11/09/2017 12:00:54 PM | Posted in Broking Firm Views - Short Term Report read full news
Sell IRB Infrastructure Developers Ltd For Target Rs.210.00 - Religare Sec

IRB Infrastructure Developers Limited

IRB has been under pressure for last four months and trading well below the moving averages (i.e. 200/100/50 EMA) on daily chart. The chart pattern indicates further slide ahead so use any technical bounce to go short in the given range.

11/09/2017 11:25:05 AM | Posted in Broking Firm Views - Short Term Report read full news

Buy Marico Ltd For Target Rs.338.00 - Religare Sec

Marico Limited

After hovering in a narrow range near to its support zone of medium term moving averages on daily chart, MARICO has posted a breakout from the same of late and looks upbeat to resume this uptrend in near future. Traders can accumulate fresh in the given range.

11/09/2017 11:22:00 AM | Posted in Broking Firm Views - Short Term Report read full news

Buy Wipro Ltd For Target Rs.6.90 - Religare Sec

Strategy:-

WIPRO added around 3.8% in open interest as fresh long positions with some delivery based buying in previous session. Current chart pattern too indicate fresh surge in price. We suggest buying WIPRO September call options as per levels mentioned below.

 

Strategy: Buy WIPRO SEP 300CE between 2.70-2.80, SL-0.8, TGT-6

9/09/2017 10:27:53 AM | Posted in Broking Firm Views - Short Term Report read full news
Derivative Ideas For Nifty - Religare Sec

DERIVATIVES OUTLOOK

* Nifty futures volume weighted average price (VWAP) is at 9940 and Banknifty futures is at 24420.

* Call writing was seen at Nifty 10000 strike and Put writing was seen at Nifty 9900 strikes.

* Maximum positions are at 10000 CE and 9700 PE. Nifty is expected to be in the range of 9850-10050.

* Textile,

9/09/2017 10:23:46 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy Max Ventures and Industries Ltd For Target Rs.108.00 - Choice Broking

The stock has started to trade as per the momentum triple pattern theory on a daily chart which indicates bullish sentiments in the counter.

On a daily chart, the stock has given a breakout of its last distribution level of 95 with a strong bullish candlestick formation which suggests a further upside movement in the counter.

Moreover, we can see a positive crossover of its

8/09/2017 4:52:41 PM | Posted in Broking Firm Views - Short Term Report read full news
Buy Biocon Ltd For Target Rs.365.00 - Choice Broking

On an hourly chart, we can see an Ugly Double Bottom formation at around 323 level which is a bullish reversal formation.

Moreover, the stock has started to trade above its 20 hours exponential moving average which shows further upside movement in the counter from the present level.

On a weekly chart, the stock has tested a strong support of its 50 weeks exponential moving a

8/09/2017 4:31:30 PM | Posted in Broking Firm Views - Short Term Report read full news
Buy State Trading Corporation Of India Ltd For Target Rs.183.50 - Choice Broking

On an hourly chart, the stock has started to trade as per the momentum triple patter theory which indicates a bullish trend formation in the counter.

Moreover, the stock is forming a strong bullish candle after taking a support of its 20 hours exponential moving average with an increase in volume activity which suggests a further upside movement in upcoming trading sessions.

8/09/2017 2:26:47 PM | Posted in Broking Firm Views - Short Term Report read full news
Buy Archidply Industries Ltd For Target Rs.103.00 - Choice Broking

* The stock has been trading as per the momentum triple pattern theory on weekly and monthly chart which signifies the long term trend is bullish in the counter.

* On a daily chart, the stock had halted its healthy correction around the 85 level from where the last positive rally was started. Moreover, the stock has given a bounce back move after taking a strong support of its 100 day

8/09/2017 2:05:54 PM | Posted in Broking Firm Views - Short Term Report read full news
Buy IDBI Bank Ltd For Target Rs.59.70 - Choice Broking

* On an hourly chart, the stock has started to trade above the 100 hours exponential moving average after taking a strong support at the confluence of its 20 & 50 hours exponential moving averages.

* On a weekly chart, we can see an upward move after the hammer candlestick formation which indicates a further upside move in the counter.

* On a monthly chart, the stock has

8/09/2017 1:37:27 PM | Posted in Broking Firm Views - Short Term Report read full news
Buy NTPC Ltd For Target Rs.185.00 - Reliance Sec

* NTPC reversed after taking support of its long-term moving averages and managed to give break-out from the intermediate falling trend line. Post break-out, the stock rose to 8-day high.

* Due to recent recovery in the price, the key technical indicator-RSI reversed from sub-50 mark and given positive cross-over, signaling strength in the stock.

* As per the current daily s

8/09/2017 12:25:48 PM | Posted in Broking Firm Views - Short Term Report read full news