Buy Maharashtra Seamless Ltd For Target Rs.465.00 - Choice Broking

* On a daily chart, the stock is trading near to its all time high level 443 and formed a bullish candle with increase in volume activity which indicates a further upside movement.

* Moreover, the stock has been trading as per the momentum triple pattern theory which shows bullish sentiments in the counter.

* A daily momentum indicator RSI reading is at 71.28, trending in an

7/09/2017 4:36:04 PM | Posted in Broking Firm Views - Short Term Report read full news
Buy GIC Housing Finance Ltd For Target Rs.578.00 - Choice Broking

* The stock has been trading as per the momentum triple pattern theory in all time frames such as daily, weekly and monthly chart which signifies bullish trend in the counter.

* On a daily chart, the stock has taken a support of its 150 days exponential moving average and bounced back towards north which indicates an upside move in the counter. Moreover, the stock has given a breakout

7/09/2017 4:04:33 PM | Posted in Broking Firm Views - Short Term Report read full news
Buy Berger Paints India Ltd For Target Rs.275.00 - Choice Broking

* On a daily chart, the stock has given a breakout of the upper leg of the symmetrical triangle formation which indicates an upside movement in the counter.

* Moreover, the stock is forming bullish candles with an increase in volume activity which shows an accentuate buying activity during the trading sessions.

* Furthermore, the stock has started to trade above the 20-50-10

7/09/2017 3:57:50 PM | Posted in Broking Firm Views - Short Term Report read full news
Buy Marico Ltd For Target Rs.338.00 - Reliance Sec

* Marico is consolidating around its short-term moving average 20-week EMA after witnessing sharp decline from its life-time-high of Rs337.85. So far, its short-term moving has worked as a key reversal point for the stock.

* Positive cross-over in Stochastic and reversal in RSI from sub-50 mark is signaling that the stock is on a verge of turnaround and will soon resume its uptrend.

7/09/2017 2:14:35 PM | Posted in Broking Firm Views - Short Term Report read full news
Buy ABB India Ltd For Target Rs.1,607.00 - Reliance Sec

* ABB India was among the earliest players to tap solar opportunity in India via range of solar inverters (50% market share) and power evacuation solutions.

* In T&D space, high technology products i.e. HVDC, Static Compensators, FACTS & GIS are its key focus areas.

* On the Rail side, it supplies Traction Transformers & Converters, which constitute 4-5% of annua

7/09/2017 2:08:07 PM | Posted in Broking Firm Views - Short Term Report read full news
Derivative Ideas Voltas Ltd For Target Rs.25.00 - Religare Sec

Derivative Ideas

VOLTAS shed around 0.6% in open interest as short covering was seen in it in previous session. Current chart pattern too indicate fresh surge in price. We suggest buying VOLTAS September call options as per levels mentioned below.

 

Strategy:

Buy VOLT

7/09/2017 2:03:49 PM | Posted in Broking Firm Views - Short Term Report read full news
Buy Asian Paints Ltd For Target Rs.1,250.00 - Religare Sec

Asian Paints Limited

ASIANPAINT has taken a pause near its record high post breakout from its consolidating phase. We feel it’s normal profit taking and advise traders to use this phase to accumulate fresh longs in the given range.

7/09/2017 1:58:34 PM | Posted in Broking Firm Views - Short Term Report read full news
Buy Escorts Ltd For Target Rs.710.00 - Religare Sec

* After hitting a record high, ESCORTS has witnessed a marginal correction from its top and retraced to the support area of long term moving averages of 200 day EMA on daily chart.

* It is again rebounding from that zone and formed a fresh buying pivot as well. All indications are in the favor of fresh surge in near future.

* We advise traders to use this phase to accumulate

6/09/2017 5:28:51 PM | Posted in Broking Firm Views - Short Term Report read full news
Buy Berger Paints India Ltd For Target Rs.270.00 - Religare Sec

* Berger Paints has been a consistent performer and garnered exceptionally returns for the investors. After a strong upside move from 173 to 261 levels, it has been hovering in a range between 228 -260 levels near its record high for almost past four months.

* It is currently trading around the upper band of that range and likely to witness breakout from the same in near future.

6/09/2017 5:19:30 PM | Posted in Broking Firm Views - Short Term Report read full news
Buy Kirloskar Electric Company Ltd For Target Rs.55.00 - Choice Broking

* On a daily chart, the stock has taken a strong support of its 100 days exponential moving average and formed a bullish candle with increase in volume activity which indicates positivity in the counter.

* On an hourly chart, the stock has given a breakout of the downward sloping channel which is a bullish trend reversal pattern.

* A daily momentum indicator RSI reading is a

6/09/2017 3:24:15 PM | Posted in Broking Firm Views - Short Term Report read full news
Buy Petronet LNG Ltd For Target Rs.235.00 - Choice Broking

* On a daily chart, the stock has formed a Bullish Hammer Candlestick with the support of its 21 days moving average which is a bullish reversal formation and indicates an upside movement in the counter.

* On a weekly chart, the stock has been continuously trading with the support of its 21 & 50 weeks moving average which shows a positive trend of the stock and suggests further up

6/09/2017 3:14:14 PM | Posted in Broking Firm Views - Short Term Report read full news
Buy KRBL Ltd For Target Rs.530.00 - Choice Broking

* The stock has been trading as per the momentum triple pattern theory in all time frames such as daily, weekly & monthly chart which shows the bullish sentiments in the stock.

* On a daily chart, the stock has given a breakout of its horizontal resistance level 475 which may cause for a north side move in the stock.

* Moreover, the stock is forming a bullish candlestick

6/09/2017 3:08:07 PM | Posted in Broking Firm Views - Short Term Report read full news
Buy Amara Raja Batteries Ltd For Target Rs.835.00 - Choice Broking

* On an hourly chart, the stock has taken a support at the confluence of 100 hours exponential moving average and upward rising trend line which is a positive sign.

* Moreover, the stock has given a breakout of the neckline of its Ugly Double Bottom formation which signifies a bullish reversal move in the counter.

* On a weekly chart, the stock has taken a support of its 200

6/09/2017 2:55:35 PM | Posted in Broking Firm Views - Short Term Report read full news
Derivative Ideas HDFC Ltd For Target Rs.58.00 - Religare Sec

Derivative Ideas

HDFC added around 4.8% in open interest as fresh long buildup with some delivery based buying in previous session. Current chart pattern too indicate fresh surge in price. We suggest buying HDFC September call options as per levels mentioned below.

 

Strategy: <

6/09/2017 12:17:48 PM | Posted in Broking Firm Views - Short Term Report read full news
Sell Larsen And Toubro Ltd For Target Rs.1,090.00 - Religare Sec

Larsen & Toubro Limited

After retesting its record high, LT has been hovering in a boarder range for last four months and about to witness breakdown from the same. Traders are advised to initiate fresh shorts on any bounce in the given range.

6/09/2017 12:14:40 PM | Posted in Broking Firm Views - Short Term Report read full news

Buy Britannia Industries Ltd For Target Rs.4,732.00 - Reliance Sec

STOCK IN FOCUS

* Britannia Industries closed 1% up in trade today at Rs4,260 compared to 0.4% increase in the benchmark Nifty.

* The company has reported a strong set of numbers in 1QFY18 despite adverse impact of trade pipeline correction before GST roll-out (500bps impact).

* Volume growth of 3% in the domestic business in the con

6/09/2017 12:09:41 PM | Posted in Broking Firm Views - Short Term Report read full news
Buy Ganesh Housing Corporation Ltd For Target Rs.151.00 - Choice Broking

* On an hourly chart, the stock has given a breakout of the upper band of its ascending triangle formation which indicates an upside move in the counter.

* On a daily chart, the stock has halted its healthy correction at 125 level which is the 61.8% retracement level of its last up move from 105.60 to 158 which may cause for a north side move in the stock.

* Moreover, the st

6/09/2017 9:58:24 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy Yes Bank Ltd For Target Rs.1,860.00 - Reliance Sec

* Yes Bank is in the strong up-trend, as it reversed after taking support of its 38.2% of Fibonacci Retracement level of prior up-move (Rs1,402-1,861) and given break-out from the falling trend line, where its short-term moving average 20-day EMA supported that move.

* Due to recent recovery in the price, key technical indicators are also on the verge of positive cross-over.

5/09/2017 12:25:10 PM | Posted in Broking Firm Views - Short Term Report read full news
Buy Coal India Ltd For Target Rs.301.00 - Reliance Sec

STOCK IN FOCUS

* We believe that CIL’s current stock price has discounted decline in e-auction coal prices. We expect volume and realisations to recover in FY18E. Moreover, valuations of 11.5x FY19E EPS seem to be inexpensive.

* Improvement in the policy environment and infrastructure spend coupled with manufacturing activities will aid

5/09/2017 12:22:19 PM | Posted in Broking Firm Views - Short Term Report read full news
Technical Recommendation 4th September 2017

SCRIP NAME AND SYMBOL - Havells India Limited

TECHNICAL RATIONALE – HAVELLS has been trading in a range for past almost three months and holding firmly above its long term moving averages on daily chart. It has formed a fresh buying pivot and likely to witness a strong surge in near future.

5/09/2017 9:57:08 AM | Posted in Broking Firm Views - Short Term Report read full news

Sell Idea Cellular Ltd For Target Rs.82.00 - Religare Sec

Idea Cellular Limited

After the recent bounce, IDEA has failed to sustain above the resistance zone of multiple moving averages around 95 and formed a fresh shorting pivot. We suggest using any technical bounce to go short in the given range.

5/09/2017 9:02:54 AM | Posted in Broking Firm Views - Short Term Report read full news
Sell Hero MotoCorp Ltd For Target Rs.3,700.00 - Choice Broking

* On a daily and weekly chart, the stock looks to be in a steady uptrend, however, the stock is facing resistance near 141.4% retracement of its intermediate fall from 3712 to 2850.

* On daily chart, we are witnessing ‘Bearish engulfing’ candle stick pattern which is a bearish reversal pattern.

* The negative candle on the daily chart is accompanied by a second d

4/09/2017 4:54:07 PM | Posted in Broking Firm Views - Short Term Report read full news
Buy Vidhi Dyestuffs Manufacturing Ltd For Target Rs.74.00 - Choice Broking

* On a daily chart, the stock has been trading above the 100 day exponential moving average and formed bullish candles with increase in volume activity which indicates positivity in the counter.

* Moreover, we can see a positive crossover of the 20*50 days exponential moving averages which shows the potentiality for an upside move.

* A daily momentum indicator RSI reading is

4/09/2017 4:44:39 PM | Posted in Broking Firm Views - Short Term Report read full news