Derivative Ideas For Nifty - Religare Sec

DERIVATIVES OUTLOOK

* Nifty Jan futures volume weighted average price (VWAP) is at 8250 and Banknifty futures is at 18400.

* Call writing was seen at 8400 & 8450 strike, some put buying (unwinding by writers) was seen at 8400 & 8300 strike and put writing was seen at 8200 strike. Highest positions are at 8000 PE and 8500 CE.

21/01/2017 10:18:12 AM | Posted in Broking Firm Views - Short Term Report read full news
Derivative Ideas Maruti Suzuki India Ltd For Target Rs.5850.00 - Religare Sec

MARUTI added around 5.1% of open interest as fresh long positions. It is trading above 50/100/200 EMAs in higher highs higher lows formation on daily charts. It is also trading on verge of congestion zone breakout on intraday charts. We recommend buying MARUTI Jan futures as per levels given below.

 

Strategy:

BUY MARUTI JAN FU

20/01/2017 10:45:48 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy Bharti Airtel Ltd For Target Rs.335.00 - Reliance Sec

Technical Research

* The stock has made a double bottom at sub 290 levels with positive price action; we have observed strong volumes holding the short and medium term averages confirming the positive trend.

* Stochastic & RSI are also coinciding with our view, as both the indicators are in bullish mode.

* However in case of maj

20/01/2017 10:44:06 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy Hindalco Industries Ltd For Target Rs.196.00 - Religare Sec

Hindalco Industries Limited

HINDALCO is trading near its 52-week highest levels, above its important long and medium-term averages on daily chart (200/100 EMA’s). Its current chart pattern clearly revels it is set for fresh break towards higher levels. Hence, we recommend buying in mentioned range.

 

Recomm

20/01/2017 10:38:28 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy Federal Bank Ltd For Target Rs.100.00 - Reliance Sec

STOCK IN FOCUS

* Federal Bank has surprised the market by reporting strong growth on both profitability as well as loan book fronts in 3QFY17. Despite demonetization its net profit grew by 26.4% yoy & 2.2% qoq to Rs2.1bn during the last quarter.

* The bank witnessed 362bps jump in CASA ratio led by the 24% qoq growth in current deposits a

20/01/2017 10:35:05 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy Aditya Birla Nuvo Ltd For Target Rs.1360.00 - Religare Sec

Aditya Birla Nuvo Limited

ABIRLANUVO was consolidating just above the confluence zone of its 50/100 EMA’s on daily chart. Breakout from this range was witnessed on 18th January and yesterday, it was seen consolidating around that zone. All this indicates bullish bias to continue ahead as well.

 

Recommendat

20/01/2017 9:38:24 AM | Posted in Broking Firm Views - Short Term Report read full news
Derivative Ideas Hindustan Petroleum Corporation Ltd For Target Rs.510.00 - Religare Sec

HINDPETRO added around 2% of open interest as fresh long positions along with some delivery based buying. It is trading in higher highs—higher lows formation above 50/100/200 EMA on daily charts. it has also created a fresh buying pivot on intraday charts. we recommend buying HINDPETRO Jan futures as per levels given below.

 

Strategy:

19/01/2017 10:45:03 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 ~3% in yesterday’s trade on the backdrop of anticipated demand recovery in coming months and wide valuations gap against peers.

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

* Notab

19/01/2017 10:43:11 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy Motherson Sumi Systems Ltd For Target Rs.355.00 - Religare Sec

Motherson Sumi Systems Limited

MOTHERSUMI is trading above its 50/100/200 EMA’s on daily chart, further it is forming a Pennant pattern, though distorted at the moment. Break out from the same can take it to higher levels. Hence, we recommend buying in the mentioned range.

 

Recommendation

19/01/2017 10:40:36 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy Pidilite Industries Ltd For Target Rs.678-682 - Reliance Sec

Technical Research

* The stock has made a strong bottom in the last few weeks at 570 with strong volumes and positive price action in the last few days.

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

* The stock has closed near its short term

19/01/2017 10:36:56 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy Ashok Leyland Ltd For Target Rs.92.00 - Religare Sec

Ashok Leyland Limited

Post trading sideways in narrow range, between its 100/200 EMA’s on daily chart, ASHOKLEY posted fresh breakout on Wednesday and settled near the day’s top on back of better than average volume, indicating buyer’s interest at current levels.

 

Recommendation

19/01/2017 10:32:52 AM | Posted in Broking Firm Views - Short Term Report read full news
Derivative Ideas Nifty For Target Rs.270.00 - Religare Sec

NIFTY—We expect Nifty to be in 8280-8540 range till Jan expiry, and a swing of around 220 points due to the union budget event. Due to the event, (delta) rate of Feb premium, to nifty movement will be intact and since Jan expiry is on 25th, 8400 call and put option might lose/fade premium eventually in next 3-6 days. Vix is likely to be in 13.8-22.8 levels.

 

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18/01/2017 11:07:21 AM | Posted in Broking Firm Views - Short Term Report read full news
Sell Indraprastha Gas Ltd For Target Rs. 875-870 - Reliance Sec

Technical Research

* The stock is making lower tops after forming a 52 week high at 960 attempting to break down below 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 weekly doji and hanging man pattern on the

18/01/2017 11:05:44 AM | Posted in Broking Firm Views - Short Term Report read full news
Sell Bharti Infratel Ltd For Target Rs.330.00 - Religare Sec

Bharti Infratel Limited

INFRATEL is facing resistance from its 100 EMA which is placed nearby on daily chart around 358 levels. Moreover, it has retraced 50% of decline 396-325 levels. So, it is also acting as a resistance from where probability of decline is quite high.

 

Recommendation

18/01/2017 10:08:36 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy Skipper Ltd For Target Rs.187.00 - Reliance Sec

STOCK IN FOCUS

* Skipper is one of the world’s largest integrated transmission tower manufacturing companies, having a nameplate capacity of 200,000 MTPA. It is also one of the first companies in India to manufacture and supply 800kV transmission towers to PGCIL.

* The Company which enjoys 10-15% market share in India’s T&D st

18/01/2017 10:04:43 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy IndusInd Bank Ltd For Target Rs.1295.00 - Religare Sec

IndusInd Bank Limited

From the weekly chart, it seems that INDUSIND has formed a “W” pattern, now break out from this level (1230), would move the stock to higher levels. Further, from the daily chart too, the stock is providing bullish signals. Hence, we advocate buying in mentioned range.

 

Recommen

18/01/2017 10:00:36 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy Adani Power Ltd For Target Rs.39.00 - GEPL

Observations on daily scale – the draw-outs

• Longer term moving averages currently stand as follows: 50 DMA @ 29.25, 100 DMA @ 28.10 & 200 DMA @ 29.10 A Golden cross wherein the 50 DMA has crossed above the 200 DMA, indicating a sustainable UPTREND in medium term.

• A breakout from a long consolidation of around 19 months

17/01/2017 12:06:16 PM | Posted in Broking Firm Views - Short Term Report read full news
Buy Grasim Industries Ltd For Target Rs.900-910 - Reliance Sec

Technical Research

* The stock has consolidated well with higher bottoms in the past few days with crossover of its short and medium term averages.

* The key technical indicators and RSI are trading at the higher band confirming the up move from current levels to test its long term averages on weekly charts.

* On the higher side, th

17/01/2017 10:52:05 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy India Cements Ltd For Target Rs.165.00 - Reliance Sec

STOCK IN FOCUS

* India Cements (ICL) gained ~3% in yesterday’s trade on the expectation of healthy earnings in 3Q (on yoy basis) and widened valuations gap against peers.

* We estimate ICL to report sales volume and EBITDA growth of ~19% yoy and ~23% yoy, respectively in 3QFY17E. However, cost hardening owing to increase in fuel costs c

17/01/2017 10:44:10 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy UPL Ltd For Target Rs.760.00 - Religare Sec

UPL Limited

UPL in well placed on multiple chart frames (Daily, Weekly, Monthly). Yesterday, i.e. 16th January, it posted fresh breakout from Triangle pattern (refer chart) on daily chart. It is a continuation chart pattern suggesting bullish will persist when formed in a strong trend.

 

Recommendation

17/01/2017 10:40:40 AM | Posted in Broking Firm Views - Short Term Report read full news
Sell L&T Finance Holdings Ltd For Target Rs.90.00 - Reliance Sec

Technical Research

* The stock reversed taking support of its long-term moving average 200-day SMA, but after witnessing rise of 20% (from Rs81) it moved sideways and later slipped to one week closing low.

* We believe the stock will remain in pressure for the short-term, as fall in Stochastic & RSI from their overbought zone is signaling

17/01/2017 10:38:10 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy Bajaj Corp Ltd For Target Rs.481.00 - Reliance Sec

STOCK IN FOCUS

* In the light of demonetisation and its resultant impact on consumer demand, Bajaj Corp has reported decent set of numbers in 3QFY17.

* its net sales fell by 4.8% yoy to Rs1.9bn, while net profit grew by 17.2% yoy to Rs578mn.

* Gross margins improved by 260bps to 65.5% on the back of lower LLP and vegetable oil price

17/01/2017 10:33:20 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy Bharat Petroleum Corporation Ltd For Target Rs.715.00 - Religare Sec

Bharat Petroleum Corporation Limited

BPCL is in long-term up trend, firmly trading near its 52-week high, indicating strong trend. It is also on verge of breakout from Flag pattern on daily chart. It is a continuation pattern indicating up side move to continue when formed in an up ward facing chart.

 

Recommenda

17/01/2017 10:02:04 AM | Posted in Broking Firm Views - Short Term Report read full news
Technical Recommendation 16th January 2017

SCRIP SYMBOL - VIPIND

TECHNICAL RATIONALE – VIPIND has posted fresh breakout on daily chart today after trading sideways in a narrow range for over a week. The up move was supported by noticeable rise in volume, confirming the breakout.

 

Recommendation

Buy VIP Industries Ltd @ 1

16/01/2017 5:30:56 PM | Posted in Broking Firm Views - Short Term Report read full news