Sell Federal Bank Ltd For Target Rs.72.00 - Reliance Sec

Technical Research

* The stock slipped to six days closing low post reversing from its 76.4% Fibonacci Retracement level of prior fall.

* Due to two consecutive down ticks (i.e. on daily chart) Stochastic & RSI has given negative cross-over from their higher levels.

* As per the current daily set-up, we believe the stock will re

31/01/2017 10:55:48 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy LIC Housing Finance Ltd For Target Rs.615.00 - Religare Sec

LIC Housing Finance Ltd

LICHSGFIN gained strength from the previous trading sessions after consolidating around its long and mid term averages (200/100) on daily chart. Its current chart pattern indicates that it is all set for up move towards higher levels. Hence, we believe traders can add fresh long positions in the mentioned range.

 

31/01/2017 10:51:57 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy Cadila Healthcare Ltd For Target Rs.422.00 - Reliance Sec

STOCK IN FOCUS

* Cadila Healthcare (CDH) has outperform the benchmark Nifty by ~4%

* Strong Pending ANDA Pipeline to Drive Growth in US Biz: CDH has strong pending pipeline of 160+ ANDAs including high-value/high-margin opportunities. We expect strong growth in the US in FY18E (20% yoy in CC terms).

* The US FDA resolution to of Mor

31/01/2017 10:49:01 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy Britannia Industries Ltd For Target Rs.3375.00 - Religare Sec

Britannia Industries Limited

BRITANNIA registered fresh buying after consolidation phase that lasted for couple of trading sessions. This up move was supported by decent volume, indicating buying interest at current levels. Hence, we recommend buying with mentioned levels.

 

Recommendation

31/01/2017 10:45:47 AM | Posted in Broking Firm Views - Short Term Report read full news
Technical Recommendation 30th January 2017

SCRIP SYMBOL - GODREJCP

TECHNICAL RATIONALE – GODREJCP has registered steep up move on Monday i.e. 30th January, with strong volume, resuming its prevailing uptrend. Its chart pattern and confirmation indicators are clearly pointing toward fresh surge ahead.

 

Recommendation

Buy

30/01/2017 5:57:36 PM | Posted in Broking Firm Views - Short Term Report read full news
Sell Wipro Ltd For Target Rs.433.00 - Reliance Sec

Technical Research

* The stock is in falling trend, as it reversed facing resistance from its 38.2% Fibonacci Retracement level of prior fall (from Rs606 to Rs408).

* Due to two consecutive down tick (i.e. on weekly chart) Stochastic has given negative cross-over and RSI also reversed after visiting its neutral level-50.

* As per th

30/01/2017 10:54:03 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy State Bank of India Ltd For Target Rs.288.00 - Religare Sec

State Bank of India

SBIN recently tested 100 EMA support line and bounced back sharply; yesterday, it even posted fresh breakout from trend line resistance barrier (refer chart), indicating up side move to continue.

 

Recommendation

Buy State Bank of India  @ 262-265 Stoploss

30/01/2017 10:49:43 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy GlaxoSmithKline Consumer Healthcare Ltd For Target Rs.6,849.00 - Reliance Sec

STOCK IN FOCUS

* GlaxoSmithKline Consumer Healthcare closed up in trade today by 3.2% at Rs5,190 vs. 0.5% increase in benchmark Nifty.

* GSK Consumer is the market leader in health food drinks industry with market share of 70%. With its flagship brands Horlicks and Boost, it has successfully fend off competition from likes of Heinz and Mondel

30/01/2017 10:46:05 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy Motherson Sumi Systems Ltd For Target Rs.370.00 - Religare Sec

Motherson Sumi Systems Limited

MOTHERSUMI posted breakout from Inverted head and Shoulder pattern on daily chart. It is a trend reversal pattern indicating bullish bias ahead.

 

Recommendation

Buy Motherson Sumi Systems Limited  @ 338-342  Stoploss 330 Target 370 CMP 344

30/01/2017 9:53:11 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy Ceat Ltd For Target Rs.85.00 - Religare Sec

Strategy: CEATLTD added around 13% of open interest as long positions. Daily vwap is around 1210 levels. On charts, it is trading on verge of trendline breakout on daily charts, it is also trading above short term as well as long term moving averages on same time frame. We suggest buying CEATLTD 1220 CE as per levels given below.

 

Strategy:

28/01/2017 9:58:27 AM | Posted in Broking Firm Views - Short Term Report read full news
Derivative Ideas For Nifty - Religare Sec

DERIVATIVES OUTLOOK

* Nifty Feb futures volume weighted average price (VWAP) is at 8540 and Banknifty futures is at 19400.

* Put writing was seen at 8500 & 8600 strikes. Highest positions are at 8400 PE and 9000 CE.

* Nifty is expected to be in the range of 8450-8850.

* Cement, Finance & Metal stocks gained the mos

28/01/2017 9:56:16 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy Bharat Heavy Electricals Ltd For Target Rs.144-147 - Reliance Sec

Technical Research

* The stock advanced gradually post giving break-out from falling trend line, where it surged taking support of its short-term moving average 20-day SMA.

* Rise in RSI & MACD from their lower level is signaling overall strength in the stock.

* As per the current daily set-up, we believe the stock will soon sur

27/01/2017 10:39:19 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy Ambuja Cements Ltd For Target Rs.275.00 - Reliance Sec

STOCK IN FOCUS

* Ambuja Cements (ACL) surged over ~2% in Wednesday’s trade on the anticipation of favourable announcements to be made in upcoming Budget 2017-2018, which may aid demand recovery

* Though 4QCY16 result will be subdued, group restructuring and likely enhancement in operating synergies augur well for ACL in the long-term.

27/01/2017 10:35:16 AM | Posted in Broking Firm Views - Short Term Report read full news
Derivative Ideas Indraprastha Gas Ltd For Target Rs.960.00 - Religare Sec

IGL added around 17% of open interest as long positions. It has rolled 67% into Feb series. On chats, it is trading on verge breakout from congestion zone of last 20 trading sessions or so. We suggest buying IGL Feb futures as per levels given below.

 

Strategy—

BUY IGL FEB FUTS BETWEEN 932-934, SL 920, SL 960.

27/01/2017 9:40:09 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy Kansai Nerolac Paints Ltd For Target Rs.380.00 - Religare Sec

Kansai Nerolac Paints Limited

KANSAINER has formed “Inverted Head and Shoulder” pattern on daily chart, it is a bullish reversal pattern. It also attracted decent volume at the time of neckline breakout, indicating bullish bias ahead.

 

Recommendation

Buy Kansai Nerolac Pai

27/01/2017 9:37:11 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy Century Textiles & Industries Ltd For Target Rs.920.00 - Religare Sec

Century Textiles & Industries Limited

CENTURYTEX has consolidated lot near its 100 EMA and now it’s current chart pattern suggests it is set for fresh breakout. Hence, we advocate buying in mentioned range.

 

Recommendation

Buy Century Textiles & Industries Limited  

27/01/2017 9:33:45 AM | Posted in Broking Firm Views - Short Term Report read full news
Derivative Ideas Motherson Sumi Systems Ltd For Target Rs.350.00 - Religare Sec

MOTHERSUMI added around 40% of open interest as fresh long positions. It has rolled 48% into next contract so far. On charts, it is trading on verge of resistance breakout from the congestion zone of last four months or so. We suggest buying Feb futures as per levels given below.

 

Strategy:

BUY MOTHERSUMI FEB FUTS BETWEEN 330

25/01/2017 10:39:58 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy Oil & Natural Gas Corporation Ltd For Target Rs.218.00 - Religare Sec

Oil & Natural Gas Corporation Limited

ONGC is in long-term up trend, firmly trading near its 52-week high. It is among the few large-cap stocks which were not impacted by the demonetization of currency notes and kept their overall bullish trend intact. At current juncture, it is set for fresh breakout on daily chart. Hence, we recommend buying in t

25/01/2017 10:37:59 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy Petronet LNG Ltd For Target Rs.400.00 - Religare Sec

Petronet LNG Limited

From past two weeks, PETRONET is consolidating just above its 100 EMA support, which is a positive development. And, is also set for fresh breakout from “Triangle” pattern on weekly chart. All this goes to show bullish bias is here to last.

 

Recommendation

25/01/2017 10:34:20 AM | Posted in Broking Firm Views - Short Term Report read full news
Technical Recommendation 24th January 2017

SCRIP SYMBOL - INDUSNINDBK

TECHNICAL RATIONALE – INDUSNINDBK, after the recent surge, has taken a pause and currently consolidating around the record high. Its chart pattern and overall positivity in banking space indicates possibility of fresh breakout in near future. Traders should use this phase to accumulate in the given range.

24/01/2017 5:20:09 PM | Posted in Broking Firm Views - Short Term Report read full news
Sell Mahindra & Mahindra Ltd For Target Rs.1140 .00 - Reliance Sec

Technical Research

* The stock slipped to three week low post giving break-down from Rs1200.

* RSI once again reversed from sub-55 level and currently trading below its average, which is signaling lack of strength in the stock.

* Negative cross-over in MACD & fall in Histogram is also in favor of probable decline.

* We

24/01/2017 11:00:24 AM | Posted in Broking Firm Views - Short Term Report read full news
Derivative Ideas Biocon Ltd For Target Rs.1045.00 - Religare Sec

BIOCON added around 5.7% of open interest as fresh long positions. Put writing was seen at 980 strike. It has rolled around 33% into February series. On charts, it has formed a buying pivot on daily charts. We suggest doing a covered call strategy as per levels given below.

 

Strategy:

BUY BIOCON FEB FUTS BETWEEN 995-1000 &

24/01/2017 10:55:12 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy KEC International Ltd For Target Rs.170.00 - Reliance Sec

STOCK IN FOCUS

* KEC International closed 1.8% higher in trade on Monday.

* We are positive on the stock due to its Diversified business model with global reach, Margin improvements ahead, legacy orders nearing completion & Order inflow traction to remains intact.

* The company has seen improved traction in T&D business, bot

24/01/2017 10:38:43 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy Hindalco Industries Ltd For Target Rs.192.00 - Religare Sec

Hindalco Industries Limited

Yesterday, i.e. 23rd January, it posted fresh breakout from rectangle pattern on intraday chart. It is a continuation chart pattern indicating bullish bias to persist when formed at northward facing chart.

 

Recommendation

Buy Hindalco Industries Limited&nbs

24/01/2017 10:35:10 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy Bajaj Finance Ltd For Target Rs.1020.00 - Religare Sec

Bajaj Finance Limited

BAJFINANCE has shown good amount of recovery from demonetization impact. Post consolidating just above its 200 EMA on daily chart, it is all set for fresh breakout above its 100 EMA trading zone as well. Considering its current chart pattern, we strongly believe it is head higher in the near–term.

 

24/01/2017 9:38:05 AM | Posted in Broking Firm Views - Short Term Report read full news