Derivative Ideas Castrol India Ltd For Targte Rs.430.00 - Religare Sec

Derivative Ideas

CASTROLIND added around 3% of open interest as fresh long positions on the back of some delivery based buying in previous session. On charts, it has breached past ten days congestion zone on the higher side with noticeable rise in volumes. We recommend buying CASTROLIND Mar futs as per levels mentioned below.

16/03/2017 9:57:20 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy ACC Ltd For Target Rs.1,540.00 - Reliance Sec

*The stock has seen a good correction from its long term averages and consolidated well in the past few days with positive price action and higher bottoms on daily charts.

* The key technical indicator RSI has also reversed turning upwards confirming the uptrend in the coming days. .

* The stock is consistently trading in band of its averages and with the sector in focus it

15/03/2017 11:52:22 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy HDFC Ltd For Target Rs.1,580.00 - Reliance Sec

STOCK IN FOCUS

* HDFC closed 3.5% higher, outperforming benchmark NIFTY Index by 1.7%.

* Over the last few years, HDFC Ltd. has proven its competitive edge over its peers through decent growth in business, stable spreads, well-managed asset quality and better performance in other financial business subsidiaries. Consequently, the stock traded

15/03/2017 11:43:57 AM | Posted in Broking Firm Views - Short Term Report read full news
Derivative Ideas Apollo Tyres Ltd For Target Rs.7.00 - Religare Sec

Derivative Ideas

APOLLOTYRE shed 1.5% of open interest as short covering. Call buying (unwinding by writers) was seen at 190 & 200 strikes and put writing was seen at 185 & 175 strikes. On charts, it has created a buying pivot on daily as well as on weekly charts. We recommend buying APOLLOTYRE 190 CE as per levels mentioned be

15/03/2017 11:36:05 AM | Posted in Broking Firm Views - Short Term Report read full news
Sell Engineers India Ltd For Target Rs.162.00 - Religare Sec

Engineers India Limited (ENGINERSIN)

ENGINERSIN, after the recent profit taking phase, has formed a fresh buying pivot around the sup-port area of mid-term moving average i.e.100 day EMA on daily chart. Confirmation indicators are also in the favor of rebound.

15/03/2017 11:32:45 AM | Posted in Broking Firm Views - Short Term Report read full news

Buy Cipla Ltd For Target Rs.635.00 - Religare Sec

Cipla Limited (CIPLA)

CIPLA has registered fresh breakout on 14th March from its consolidation phase and likely to witness fresh surge ahead. We suggest traders to go long in the recommended zone.

 

15/03/2017 11:29:45 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy Moil Ltd For Target Rs.409.00 - Reliance Sec

STOCK IN FOCUS

* MOIL closed ~3% higher supported by 2.6x its two week average traded volume and outperforming the CNX Mid-cap index by ~4%

* The company recently announced a price cut for manganese ore by ~15%-25% for the current month. However, prior to this, the company increased prices for five consecutive months. Hence,

14/03/2017 12:43:23 PM | Posted in Broking Firm Views - Short Term Report read full news
Derivative Ideas Nifty For Target Rs.30.00 - Religare Sec

Derivative Ideas

We expect Nifty to face resistance near 9150 levels. Nifty might be in 9150-8700 in the short term. We suggest doing a ratio spread in Nifty as per levels given below.

 

Strategy:

BUY NIFTY 9000 CE @ 94 AND SELL 2*9100 CE @ 56, NET SPREAD AT -18,TARGET 30.

&n

14/03/2017 12:10:25 PM | Posted in Broking Firm Views - Short Term Report read full news
Sell Lupin Ltd For Target Rs.1400.00 - Religare Sec

Lupin Limited (LUPIN)

LUPIN has been trading below its long term moving averages on multiple time frames. At current junc-ture, it has a formed a fresh sorting pivot, indicat-ing slide ahead. Traders are advised to initiate fresh shorts in the given range.

14/03/2017 9:21:55 AM | Posted in Broking Firm Views - Short Term Report read full news

Buy Colgate Palmolive Ltd For Target Rs.1010.00 -Religare Sec

Colgate Palmolive (India) Limited (COLPAL)

COLPAL has witnessed breakout from its multiple moving averages(200/100/50 EMA’s) on daily chart and looks all set for fresh surge ahead. Hence, we advocate buying this stock in the mentioned range

14/03/2017 9:17:20 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy Nifty For Target Rs.30.00 - Religare Sec

DERIVATIVES OUTLOOK

* Nifty Mar futures volume weighted average price (VWAP) is at 8940 and Banknifty futures is at 20730.

* Nifty futures closed at a premium of around 20 points and Banknifty futures at around 69 points.  Nifty Call writing was seen at 9000 & 9100 strike and put writing was seen at 8900 & 8800 strikes. Highest pos

11/03/2017 10:57:45 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy Pidilite Industries Ltd For Target Rs.720.00 - Reliance Sec

Technical Research

* Pidilite Industries reversed after taking support of its medium-term moving average 50-day EMA and later rose to 6-day closing high.

* Rise in Stochastic post positive cross-over and reversal in RSI from its neutral line is signaling that downside will be limited in the stock and soon it will resume the uptrend.

10/03/2017 11:51:42 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy State Bank of India Ltd For Target Rs.326.00 - Reliance Sec

STOCK IN FOCUS

* State Bank of India (SBI) closed 1.2% higher, outperforming benchmark NIFTY, which closed flat.

* SBI has been able to deliver relatively better operating performance compared to its peers despite elevated stress in balance sheet.

* We believe that the Bank has been able to clean-up its loan book ef

10/03/2017 11:44:34 AM | Posted in Broking Firm Views - Short Term Report read full news
Derivative Ideas Marico Ltd For Target Rs.288.00 - Religare Sec

Derivative Ideas

MARICO added around 4% of open interest as fresh long position along with good delivery based buying in previous session. On charts, it is trading strong above its short term as well as long term moving averages on charts. We recommend buying Marico Mar futs as per levels given below.

 

10/03/2017 11:39:43 AM | Posted in Broking Firm Views - Short Term Report read full news
Sell Bata India Ltd For Target Rs.475.00 - Religare Sec

Bata India Limited (BATAINDIA)

After its failed attempt to cross major hurdle around 515 level, BATAINDIA has formed a fresh shorting pivot on the daily chart. Traders should use any bounce to initiate shorts in the given range.

10/03/2017 9:05:42 AM | Posted in Broking Firm Views - Short Term Report read full news

Buy ITC Ltd For Target Rs.280.00 - Religare Sec

ITC Limited (ITC)

ITC, after a strong surge, has retraced marginally from the top and offering fresh opportunity to enter. Existence of short-term moving averages and chart pattern are in the favour of strong rebound ahead.

10/03/2017 9:05:35 AM | Posted in Broking Firm Views - Short Term Report read full news

Derivative Ideas Reliance Communications Ltd For Target Rs. 3.00 - Religare Sec

RCOM added around 10% of open interest as short positions. Daily vwap is around 35.15 levels. Put buying was seen at 35 strike along with call writing was seen at 35 strike. On charts, it is trading below its long term as well as short term moving averages on charts. We suggest buying 35 PE as per levels given below.

 

Strategy:

<
9/03/2017 11:11:49 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy UPL Ltd For Target Rs.740-755 - Reliance Sec

Technical Research

* The stock remained in pressure post recording life-time-high, but day before yesterday, it reversed after taking support of its 50% Fibonacci Retracement level of prior up-move (Rs606-755) and also the long-term moving average of 100 days.

* Key technical indicators-Stochastic & RSI turned upwards from their oversold

9/03/2017 11:09:20 AM | Posted in Broking Firm Views - Short Term Report read full news
Sell DLF Ltd For Target Rs.136.00 - Religare Sec

DLF Limited

DLF, after its failed attempt to cross the long term hurdle around 160, has formed a fresh shorting pivot on the daily chart. Traders may initiate fresh short in the given range.

 

Recommendation

Sell DLF Limited March Future @ 144-145  Stoploss 147 Target 136 CMP

9/03/2017 11:05:21 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy J Kumar Infraprojects Ltd For Target Rs.270.00 - Reliance Sec

STOCK IN FOCUS

* J Kumar Infraprojects (JKIL) gained over 5% in yesterday’s trade on the expectation of better performance in ensuing quarters with the pickup in execution of key projects.

* With three metro projects in Mumbai secured back-to-back worth over Rs67bn, JKIL’s order book zoomed by 3.0x to Rs97bn. With order book to TT

9/03/2017 11:01:56 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy Jubilant Life Sciences Ltd For Target Rs.780.00 - Religare Sec

Jubilant Life Sciences Limited

JUBILANT has been holding strong above its short-term moving averages i.e. 50 day EMA on daily chart. Further, on 8th March, it has witnessed fresh breakout from its consolidation phase, supported by decent volume. Hence, we suggest traders to initiate fresh long in the mentioned range.

 

<

9/03/2017 10:58:29 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy UPL Ltd For target Rs. 740.00 - Reliance Sec

Technical Research

*  The stock remained in pressure post recording life-time-high, but yesterday, it reversed after taking support of its 50% Fibonacci Retracement level of prior up-move (Rs606-755) and also the long-term moving average of 100 days. f Key technical indicators-Stochastic & RSI turned upwards from their oversold zone, which is

8/03/2017 2:41:28 PM | Posted in Broking Firm Views - Short Term Report read full news
Buy Srikalahasthi pipes Ltd For Target Rs. 390.00 - Reliance Sec

STOCK IN FOCUS

* Srikalahasthi pipes (SPL) closed ~2% higher outperforming the CNX Mid-cap index by 2% supported by 1.2x its 2-week average traded volum

* Lack of adequate sanitation has been prompting the government to focus on improving water supply and sewerage infrastructure through multiple schemes like JNNURM & Swachh Bharat Mission

8/03/2017 2:36:42 PM | Posted in Broking Firm Views - Short Term Report read full news