Derivative Ideas Bank Nifty For Target Rs.12.00 - Religare Sec

Bank nifty has seen put writing at 17500 strike and call writing seen at 18200 strike.Some short covering was seen in banknifty dec futures in Friday’s trading session,we expect Bank nifty to be in 17700-18200 in the short term.

 

Strategy:

Sell bank nifty dec 17400pe@15 and 18300ce@15 ,net prem at 30 sloss at 44,target 1

26/12/2016 10:36:53 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy Cipla Ltd For Target Rs.620.00 - Reliance Sec

STOCK IN FOCUS

* On Friday, Cipla outperformed sectoral index Nifty-Pharma and benchmark index Nifty-50 by on an average 3.5%, after it received UKMHRA approval for its gSereflo which validates it’s strong respiratory franchise. We expect US$ 30-35mn annual sales with higher margin.

* Cipla received EIR (Establishment Inspection Report)

26/12/2016 10:35:06 AM | Posted in Broking Firm Views - Short Term Report read full news
Sell Titan Company Ltd For Target Rs.290.00 - Religare Sec

Titan Company Limited

TITAN is in long-term down trend and is trading weak below its 100/200 EMA from quite a while. Its weekly chart suggests it is set for fresh break down from selling pivot. Considering all, we recommend short selling this stock at a rise.

 

Recommendation

Sell Tita

26/12/2016 10:31:32 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy TVS Motor Company Ltd For Target Rs.400.00 - Religare Sec

TVS Motor Company Limited

TVSMOTOR is the best performing stock within the two-wheeler auto space. Much bigger players like HEROMOTOCO and BAJAJ-AUTO are trading below 100/200 EMA’s whereas it is firmly standing tall above the same. Its current chart pattern clearly suggest it is all set for fresh breakout towards 400 levels.

 

26/12/2016 10:28:20 AM | Posted in Broking Firm Views - Short Term Report read full news
Derivative Ideas For Nifty - Religare Sec

DERIVATIVES OUTLOOK

*  Nifty Dec futures volume weighted average price (VWAP) is at 8148 and Banknifty futures is at 18380.

*  Call writing was seen at Nifty 8100 & 8200 strikes, Put writing was seen at 7900 & 7950 strikes.

*  In options, highest positions are still at 8300 CE and 8000 PE.

*  Ni

24/12/2016 4:00:19 PM | Posted in Broking Firm Views - Short Term Report read full news
Sell Rural Electrification Corporation Ltd For Target Rs.118-120 - Reliance Sec

Technical Research

* The stock is making lower tops after forming a double top pattern at 140 resisting to cross the short term averages.

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

* The stock has closed below its short term averages c

23/12/2016 11:29:31 AM | Posted in Broking Firm Views - Short Term Report read full news
Positive On Bajaj Auto Ltd For Target Rs.2,996.00 - Reliance Sec

STOCK IN FOCUS

* We continue to appreciate BAL’s strategy to focus on premium motorcycle segment.

* Despite weakness in the export market, Bajaj Auto (BAL) has been successfully maintaining EBIDTA margin in high trajectory due to its strong product mix.

* In order to partially offset the impact of rising input costs and upgrad

23/12/2016 11:25:08 AM | Posted in Broking Firm Views - Short Term Report read full news
Sell Larsen & Toubro Ltd For Target Rs.1250.00 - Religare Sec

Larsen & Toubro Limited

LT is trading weak below its important moving averages (100/200 EMA) from past couple of weeks, indicating down trend. Yesterday, too it traded with negative bias and settled at day’s low. All this goes to show bearish bias is here to last and the stock will more likely head southwards in coming sessions.

&nb

22/12/2016 11:17:24 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy CESC Ltd For Target Rs.660.00 - Religare Sec

CESC Limited

We reiterate buy call of CESC as it was not initiated in previous trading session.

 

Recommendation

Buy CESC Limited @ 615-620 Stoploss 600 Target 660 CMP 622.65 

22/12/2016 11:13:40 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy Aditya Birla Nuvo Ltd For Target Rs.1300.00 - Reliance Sec

Technical Research

* The stock has formed good base around its 61.8% Fibonacci Retracement level of prior up-move (Rs1125-1301).

* Positive cross-over in RSI & rise in Stochastic from its oversold zone is signaling strength in the stock, which will help it to utilize recent base formation and recover prior loss with a decent up-move.

22/12/2016 10:42:13 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy Coal India Ltd For Target Rs.319.00 - Reliance Sec

STOCK IN FOCUS

* We believe that CIL’s current stock price has discounted decline in e-auction coal prices.

* On account of sharp decline in e-auction price, higher-thanexpected employee cost and other expenses, net profit of Coal India (CIL) fell by 77% yoy in 2QFY17. In line with our estimate, its consolidated net sales stood at Rs174

22/12/2016 10:37:27 AM | Posted in Broking Firm Views - Short Term Report read full news
Derivative Ideas Bank Nifty For Target Rs.150.00 - Religare Sec

BANKNIFTY added around 17.30% of open interest as short positions. Call writing was seen at out the money strikes. We recommend doing a put bear spread as per levels given below.

 

Strategy:

BUY BANKNIFTY 18000 PE AT 108-110 & SELL 17500 PE @ 26-28, NET PREMIUM RECEIVED 82, SL 50, TARGET 150.

 

To

21/12/2016 10:57:16 AM | Posted in Broking Firm Views - Short Term Report read full news
Sell IRB Infrastructure Developers Ltd For Target Rs.185.00 - Religare Sec

IRB Infrastructure Developers Ltd

IRB, after the recent slide, is now witnessing some rebound and has reached closer to resistance zone. Use this bounce to initiate fresh shorts in the given range.

 

Recommendation

Sell IRB Infrastructure Developers Ltd December Future @ 200-202 S

21/12/2016 10:55:36 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy CESC Ltd For Target Rs.660.00 - Religare Sec

CESC Limited

CESC has been holding strong and gradually inching northward despite weak market conditions, indicating its strength. Its recent consolidation is offering fresh opportunity to enter.

 

Recommendation

Buy CESC Limited @ 615-620 Stoploss 600 Target 660 CMP 620.75

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21/12/2016 10:51:14 AM | Posted in Broking Firm Views - Short Term Report read full news
Technical Recommendation 20th December 2016

SCRIP SYMBOL - GAIL

TECHNICAL RATIONALE – GAIL has been gradually inching higher since Aug, 15, making higher highs and higher lows on weekly chart. In recent fall, it has retraced to the support zone around 410 level and formed a fresh buying pivot. Traders can accumu-late fresh in the given range.

20/12/2016 11:57:30 AM | Posted in Broking Firm Views - Short Term Report read full news

Derivative Ideas Indiabulls Real Estate Ltd For Target Rs.2.00 - Religare Sec

IBREALEST shed around 1.6% of open interest as short covering along with some delivery based buying in previous sessions. On charts, it is trading on verge of resistance breakout from congestion zone of last one and a half month. We suggest buying 75 CE as per levels given below.

 

Strategy:

BUY IBREALEST 75 CE BETWEEN 0.60-0.

20/12/2016 10:54:46 AM | Posted in Broking Firm Views - Short Term Report read full news
Sell Adani Ports & Special Economic Zone Ltd For Target Rs.265-260 - Reliance Sec

Technical Research

* The stock is making lower tops after forming a double top pattern at 292 mark slipping to close at 8 day low.

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

* The stock has closed below its short term averages confirmi

20/12/2016 10:52:44 AM | Posted in Broking Firm Views - Short Term Report read full news
Sell Hindustan Unilever Ltd For Target Rs.780.00 - Religare Sec

Hindustan Unilever Ltd

FMCG counters are struggling at present and HINDUNILVR is no exception. It has failed in recent attempt of recovery and resumed its short term downtrend again.

 

Recommendation

Sell Hindustan Unilever Ltd December Future @ 815-822 Stoploss 835 Target 780 CMP

20/12/2016 10:37:35 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.

* In JLR business, new product’s life cycle is opening up.

* New launches

20/12/2016 10:34:35 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy HCL Technologies Ltd For Target Rs.895.00 - Religare Sec

HCL Technologies Limited

HCLTECH, after consolidating in a broader range, has formed a triangle pattern, which is continuous in nature. And, it’s now on the verge of breakout from the same.

 

Recommendation

Buy HCL Technologies Limited @ 820-826  Stoploss 790 Target 895 CMP

20/12/2016 10:31:31 AM | Posted in Broking Firm Views - Short Term Report read full news
Sell NTPC Ltd For Target Rs.155-150 - Reliance Sec

Technical Research

* The stock reversed forming “Double Top Pattern”around Rs168 and later slipped to three week closing low.

* Further fall in RSI & MACD post their negative cross-over is signaling weakness in the stock.

* As mentioned earlier, we believe that stock will remain in pressure for the short-term, where

19/12/2016 10:44:51 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy Ramco Cements Ltd For Target Rs.650.00 - Reliance Sec

STOCK IN FOCUS

* Ramco Cements (RCL) surged ~1% in Friday’s weak market on the expectation of better performance ahead with the possible improvement in sales volume from Jan’17.

* We believe that a possible uptick in utilization backed by improvement in southern consumption, sound profitability, consistent balance sheet de-leverag

19/12/2016 10:40:30 AM | Posted in Broking Firm Views - Short Term Report read full news
Sell Oriental Bank of Commerce Ltd For Target Rs.107.00 - Religare Sec

Oriental Bank of Commerce

ORIENTBANK was trading in an indecisive manner form quite long time now. Passing week, it registered breakdown form triangle formation on daily chart. This indicates bearish bias to continue ahead as well.

 

Recommendation

Sell Oriental Bank of Commerce Ltd De

19/12/2016 9:44:20 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy Glenmark Pharmaceuticals Ltd For Target Rs.1020.00 - Religare Sec

Glenmark Pharmaceuticals Limited

Breakout from six-week long trading range was witnessed on the weekly chart of GLENMARK. This breakout was backed by strong volume. This clearly indicates stock’s potential to trade at higher levels. Hence, we advocate buying this stock in mentioned range.

 

Recommendation

19/12/2016 9:44:16 AM | Posted in Broking Firm Views - Short Term Report read full news