Derivative Ideas Bajaj Auto Ltd For Target Rs.2950.00 - Religare Sec

Derivative Ideas

BAJAJ-AUTO added around 2.3% of open interest as fresh long position along with good delivery based buying in previous session. Daily vwap is around 2834 levels. On charts, it is trading on verge of breakout from past 12 days congestion zone on the higher side. We suggest buying BAJAJ-AUTO as per levels given below.

13/04/2017 9:59:46 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy Tata Steel Ltd For Target Rs.460.00 - Religare Sec

Tata Steel Limited (TATASTEEL)

TATASTEEL has formed a distribution pattern on the weekly chart and trading on the verge of break down from the same. Any bounce to the 485-490 zone can be utilised for initiating fresh short positions.

13/04/2017 9:28:35 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy ITC Ltd For Target Rs.296.00 - Religare Sec

ITC Limited (ITC)

ITC, after retracing marginal from the 52-week high, has rebounded strongly from the support area of short term moving average around 270 level and formed a fresh buying pivot on the daily chart. Traders are advised to accumulate fresh on any dip, in the given range of 278-280 with stop loss of 272 for the target of 296.

13/04/2017 9:26:10 AM | Posted in Broking Firm Views - Short Term Report read full news
Derivative Ideas Muthoot Fincorp Ltd For Target Rs.405.00 - Religare Sec

Derivative Ideas

MUTHOOTFIN added around 10% of open interest as fresh long position. Daily vwap is around 386 levels. On charts, it has created a buying near price support zone of previous breakout level on daily charts. It is also trading in higher highs—higher lows formation above short term as well as long term moving average

12/04/2017 10:54:26 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy The India Cements Ltd For Target Rs.185.00 - Religare Sec

The India Cements Limited (INDIACEM)

INDIACEM has registered a fresh breakout on the daily chart, after consolidating in a narrow range above its short-term moving averages. Hence, we suggest traders to accumulate fresh in the given range.

12/04/2017 9:45:34 AM | Posted in Broking Firm Views - Short Term Report read full news

Buy DLF Ltd For Target Rs172.00 - Religare Sec

DLF Limited (DLF)

Among the realty counters, DLF has been trading well above its major moving averages on multiple time frames. Its current chart pattern along with the confirmation indicators are also pointing towards fresh surge ahead.

12/04/2017 9:43:13 AM | Posted in Broking Firm Views - Short Term Report read full news

Derivative Ideas Castrol India Ltd For Target Rs.455.00 - Religare Sec

CASTROLIND added around 7% of open interest as fresh long positions along with good delivery based buying in previous session. On charts, it is trading near resistance breakout on daily charts. On Monday i.e. April 10, 2017, it has surged around 3% and over shadowed past four trading sessions decline with noticeable rise in volumes. We recommend buying CASTROLIND Apr futures as per levels menti

11/04/2017 11:19:18 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy UPL Ltd For Target Rs.770.00 - Religare Sec

UPL Limited

UPL has formed a fresh buying pivot on the daily chart after consolidating in a narrow range above its short term moving average. We suggest traders to accumulate fresh in the mentioned range.

 

Recommendation

Buy UPL Limited @ 730-735  Stoploss 710 Target 770 &nb

11/04/2017 9:36:49 AM | Posted in Broking Firm Views - Short Term Report read full news
Derivative Ideas Lupin Ltd For Target Rs.1360.00 - Religare Sec

LUPIN added around 4.80% of open interest as short positions. Daily vwap is around 1427 levels. On charts, it has witnessed support line break down on daily charts, and it is also trading below short term as well as long term moving averages on daily charts. We suggest selling LUPIN Apr futures as per levels given below.

 

Strategy:

10/04/2017 6:44:34 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy Hindustan Petroleum Corporation Ltd For Target Rs.565.00 - Religare Sec

Hindustan Petroleum Corporation Limited

HINDPETRO has registered fresh breakout on 7th April, from its month long consolidation phase and likely to witness fresh surge ahead. We suggest traders to go long in the recommended zone.

 

Recommendation

Buy Hindustan Petroleum Corporation Ltd

10/04/2017 11:14:30 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy Dabur India Ltd For Target Rs.298.00 - Religare Sec

Dabur India Limited

After a recent surge roughly from 272 to 285 levels, DABUR has currently witnessed marginal profit taking and offers a fresh opportunity for the traders to initiate long positions.

 

Recommendation

Buy Dabur India Ltd @ 282-284  Stoploss 277 Target 298  CM

10/04/2017 10:59:06 AM | Posted in Broking Firm Views - Short Term Report read full news
Sell Lupin Ltd For Target Rs.1360.00 - Religare Sec

Strategy:-

LUPIN added around 4.80% of open interest as short positions. Daily vwap is around 1427 levels. On charts, it has witnessed support line break down on daily charts, and it is also trading below short term as well as long term moving averages on daily charts. We suggest selling LUPIN Apr futures as per levels given below.

 

8/04/2017 11:01:27 AM | Posted in Broking Firm Views - Short Term Report read full news
Derivative Ideas For Nifty - Religare Sec

DERIVATIVES OUTLOOK

* Nifty Apr futures volume weighted average price (VWAP) is at 9180 and Banknifty futures is at 21470.

* Nifty futures closed at a premium of around 20 points and Banknifty futures at around 15 points.

* Nifty call writing was seen at 9300, 9500 & 9200 strikes and put buying (unwinding by writers) was seen at

8/04/2017 10:56:48 AM | Posted in Broking Firm Views - Short Term Report read full news
Accumulate Allcargo Logistics Ltd For Target Rs.205.00 - Religare Sec

Investment Rationale

* Allcargo, a leading integrated logistics players spread across 90 countries and shipments across 4,000+ port pairs, is the largest player in asset light LCL consolidation. Its synergized business model provides cost effective logistic solutions and it is ready to exploit attractive opportunities in new businesses with entry into

8/04/2017 10:21:11 AM | Posted in Broking Firm Views - Short Term Report read full news
Derivative Ambuja Cements Ltd For Target Rs.254.00 - Religare Sec

Derivative Ideas

AMBUJACEM added around 7.2% of open interest as fresh long positions along with some delivery based buying in previous sessions. On charts, it has witness upside breakout from Inverted Head & Shoulder pattern on daily charts. We suggest buying AMBUJACEM as per levels given below.

Strategy:

7/04/2017 1:55:33 PM | Posted in Broking Firm Views - Short Term Report read full news
Buy SRF Ltd For Target Rs.1750.00 - Religare Sec

SRF Limited (SRF)

After six months of consolidation, SRF is trading on verge of breakout from the declining trendline and likely to resume its broader uptrend. Traders shouldn’t miss this opportunity and accumulate fresh in the given range.

 

7/04/2017 1:43:56 PM | Posted in Broking Firm Views - Short Term Report read full news

Derivative NMDC Ltd For Target Rs.142.00 - Religare Sec

Derivative Idea

NMDC added around 3.2% of open interest as long positions. Recent profit taking from 52 weeks highs seems to halt near 100 EMA and price support zone of 130-132 on daily charts. On Wednesday i.e. April 5, 2017, it has closed above past 10 days closing levels. We recommend buying NMDC APR futures as per levels given below. 

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6/04/2017 1:59:51 PM | Posted in Broking Firm Views - Short Term Report read full news
Buy Oriental Bank of Commerce Ltd For Target Rs.160.00 - Religare Sec

Oriental Bank of Commerce

ORIENTBANK is trading well above its all major moving averages on the daily charts and looks upbeat to maintain the prevailing bias ahead as well. its current chart pattern along with its confirmation indicators are also pointing towards strong surge ahead.

6/04/2017 1:56:48 PM | Posted in Broking Firm Views - Short Term Report read full news

Buy Kwality Ltd For Target Rs.185.00 - Religare Sec

*  Kwality Wall's is a frozen desserts brand owned by the Indian consumer goods company Hindustan Unilever. It is a major producer and distributor of frozen dessert and ice-cream products in India, Bhutan, Brunei, Nepal, Sri Lanka and Malaysia.

*  It has marginally retraced from its 52-week high i.e. 167.95 and formed a fresh buying pivot after consolidating around the i

5/04/2017 5:41:58 PM | Posted in Broking Firm Views - Short Term Report read full news
Buy Kajaria Ceramics Ltd For Target Rs.700.00 - Religare Sec

*  Kajaria Ceramics is the largest manufacturer of ceramic/vitrified tiles in India. It has an annual aggregate capacity of 68.60 mn. sq. meters, distributed across nine plants - Sikandrabad in Uttar Pradesh, Gailpur & Malootana in Rajasthan, five plants in Gujarat and one at Vijayawada in Andhra Pradesh.

*  Technically, it has witnessed a fresh breakout after consolidat

5/04/2017 5:33:52 PM | Posted in Broking Firm Views - Short Term Report read full news
Derivative Ideas Gail (India) Ltd For Target Rs.12.00 - Religare Sec

Derivative Ideas

GAIL shed around 5.5% of open interest as short covering. Call buying was seen at 390 levels. On charts, stock has created a fresh buying pivot on daily, weekly as well as on intraday charts, and it is also trading above important short term as well as long term moving averaged in higher highs-higher lows formation on daily charts. Cal

5/04/2017 1:46:47 PM | Posted in Broking Firm Views - Short Term Report read full news