Buy UPL Ltd For Target Rs.700.00 - Religare Sec

Strategy:- UPL added around 6% of open interest as fresh long positions along with some delivery based buying in previous sessions. Daily vwap is around 655 levels. On charts, it has created a fresh buying pivot on daily as well as on intraday charts above 100 EMA. We recommend doing a covered call strategy as per levels given below.

 

Strategy:

17/12/2016 12:26:16 PM | 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 8125 and Banknifty futures is at 18450.

* Call writing was seen at Nifty 8200 & 8300 strikes, Put writing was seen at 8100 & 7900 strikes.

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

* Nifty is expected to be in

17/12/2016 12:24:47 PM | Posted in Broking Firm Views - Short Term Report read full news
Accumulate  Sonata Software Ltd For Target Rs.240.00 - Religare Sec

Investment Rationale

* Incorporated in 1994, Sonata Software Ltd (SSL) is a global IT services company catering to various verticals like Travel, Retail and distribution and OPD (Outsourced Product Development). The company’s recent performance has been encouraging despite the challenges faced by the large vendors in the IT verticals. Capability

17/12/2016 12:06:34 PM | 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.

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

* As per the current daily set-up, we believe that stock will remain in pressure for the short-term, whe

16/12/2016 10:52:32 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy HCL Technologies Ltd For Target Rs.1,000.00 - Religare Sec

STOCK IN FOCUS

* HCL Technologies’ stock price rose 1.5% in yesterday’s trade, while the BSE Sensex declined by 0.3%.

* HCLT 2QFY17 revenue rose 1.9% qoq (2.8% qoq in CC terms), led mainly by the IMS segment (+2.9% qoq).

* A positive sign was reiteration of management guidance on CC revenue growth of 12-14%.

*

16/12/2016 10:48:21 AM | Posted in Broking Firm Views - Short Term Report read full news
Derivative Ideas Titan Company Ltd For Target Rs.300.00 - Religare Sec

TITAN added 3.5% of open interest as fresh short buildup along with some call writing at 320 and 330 strikes. On charts, it is trading below long term as well as short term moving averages on daily charts. We recommend selling TITAN Dec futures as per levels given below.

 

Strategy:

SELL TITAN DEC FUTS BETWEEN 318-319.50, SL 3

16/12/2016 9:40:52 AM | Posted in Broking Firm Views - Short Term Report read full news
Sell Dr. Reddy's Laboratories Ltd For Target Rs.2900.00 - Religare Sec

Dr. Reddy's Laboratories Limited

DRREDDY was trading near the confluence zone of its 50/100/200 EMA’s from past couple of sessions. On 15th December, break down from that range was witnessed. Considering its overall chart pattern and recent developments, we strongly believe it will trade with bearish bias in near-term.

 

16/12/2016 9:39:22 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy Ceat Ltd For Target Rs.1385.00 - Religare Sec

CEAT Limited

CEATLTD is all set for fresh breakout post indecisive move that lasted for almost two weeks. Yesterday, i.e. 15th December, it traded with positive bias through out the day and settled near day’s top where as benchmark Nifty index struggled. This clearly indicates strength.

 

Recommendation

16/12/2016 9:36:02 AM | Posted in Broking Firm Views - Short Term Report read full news
Derivative Ideas Petronet LNG Ltd For Target Rs.15.00 - Religare Sec

PETRONET added 3.5% of open interest as fresh long positions along with some delivery based buying in previous sessions. On charts, it is trading in higher highs—higher lows formation and also trading above important short term as well as long term moving averages on charts. We expect it to rally till 400 in short term.

 

Strategy:

15/12/2016 11:03:30 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy Mcdowell & Company Ltd For Target Rs.2040-2070 - Reliance Sec

Technical Research

* The stock is consolidating after forming a strong bottom at sub-1800 levels with positive price action in the past few days confirming an uptrend

* The key technical indicators has also reversed turning upwards and as the stock is in oversold position it can bounce sharply to its short term averages.

* The stock

15/12/2016 11:01:59 AM | Posted in Broking Firm Views - Short Term Report read full news
Sell Britannia Industries Ltd For Target Rs.2685.00 - Religare Sec

Britannia Industries Limited

Post stellar performance is past, BRITANNIA seems to have lost its shape and shine. That’s why even after several attempts of recovery, it is still trading below its 100/200 EMA’s on daily chart, indicating weak trend. Considering its overall chart pattern, we strongly believe, it will head southwards in near-te

15/12/2016 10:55:06 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy Infosys Ltd For Target Rs.1,140.00 - Reliance Sec

STOCK IN FOCUS

* Infosys’ stock rose by 0.9% yesterday against a 0.4% decline in the BSE Sensex.

* Infosys’ revenue growth momentum was robust at 3.4% qoq in 2QFY17; YoY volume saw the 8th successive quarter of double digit growth, suggesting healthy underlying growth momentum.

* Infosys won US$1.2bn of large deals in 2Q

15/12/2016 10:51:57 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy HCL Technologies Ltd For Target Rs.900.00 - Religare Sec

HCL Technologies Limited

Despite ongoing weakness and uncertainty in broader markets ahead of UD Fed meet, IT pack is the one rejoicing. Among the Indian IT space, we have shortlisted HCLTECH, as it is on verge of breakout from Inverted head and Shoulder pattern on weekly chat. It is bullish trend reversal pattern indicating northward move in near futu

15/12/2016 10:38:01 AM | Posted in Broking Firm Views - Short Term Report read full news
Derivative Ideas Nifty For Target Rs.240.00 - Religare Sec

BANKNIFTY might swing around 600 points because of huge futures open interest accumulated and NIFTY might swing around 270 points in the contract of December. Vix is likely to be in 14-19.50% levels in short term.

 

Strategy:

BUY NIFTY 8100 PE AT 55 & BUY 29 DEC 19000 CE AT 100, SPREAD AT 155, SL 110, TARGET 240.

14/12/2016 10:38:07 AM | Posted in Broking Firm Views - Short Term Report read full news
Sell Ambuja Cements Ltd For Target Rs.190.00 - Religare Sec

Ambuja Cements Limited

AMBUJACEM is in long-term down trend and is trading with bearish bias from past couple of months. Recently, some retracement was witnessed and it recovered from 191 till 217 levels. Post which, profit taking resumed and it seems it will march southwards in near-term.

 

Recommendation

14/12/2016 10:35:40 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy Tech Mahindra Ltd For Target Rs.510.00 - Religare Sec

Tech Mahindra Limited

TECHM gained strength after trading with bearish bias for almost two weeks. It seems to have formed base around its 200 EMA support, which is around 470 levels. We believe, it will trade with bullish bias till that level is held on closing basis. Hence, we recommend to buy this stock with mentioned levels.

 

14/12/2016 10:30:48 AM | Posted in Broking Firm Views - Short Term Report read full news
Derivative Ideas NTPC Ltd For Target Rs.3.8 - Religare Sec

NTPC has seen good long build up,by adding 9.1% open interest IN DEC FUTURES.Even the 160 strike put options have highest Open interest implying a base near that strike,the scrip is likley to rally till 172 in the short term.

 

Strategy:

BUY NTPC DEC 167.5 CE@2,SLOSS @0.75 AND TARGET 3.8

 

To Read Comp

13/12/2016 10:51:22 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy CESC Ltd For Target Rs.680.00 - Reliance Sec

Technical Research

* The stock rose to two month high post trend line break-out with relatively better volume.

* Rise in RSI & MACD post their positive cross-over is signaling strength in the stock.

* As per the current daily set-up, we believe the stock will continue its northward journey and revisit prior swing high in the sho

13/12/2016 10:49:37 AM | Posted in Broking Firm Views - Short Term Report read full news
Sell Britannia Industries Ltd For Target Rs.2800.00 - Religare Sec

Britannia Industries Limited

Post stellar performance in past, it seems BRITANNIA’s up move has halted as it is trading with bearish bias from past couple of weeks. All recent attempts od recovery has also failed. Considering all, we believe it is trade with bearish bias at least in the near-term.

 

Recomme

13/12/2016 10:45:40 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy Emami Ltd For Target Rs.1,309.00 - Reliance Sec

STOCK IN FOCUS

* With flagship brands such as Navratna, Boroplus, Fair & Handsome and Zandu, Emami is the leading player in the FMCG market with market leadership in all four categories. Some of its flagship brands have demand that is seasonal in nature

* Emami has posted 10.2% yoy growth in consolidated sales to Rs5.8bn in 2QFY17. While

13/12/2016 10:41:58 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy Indraprastha Gas Ltd For Target Rs.930.00 - Religare Sec

Indraprastha Gas Limited

At current juncture, IGL is among the best performing stocks. Domestic benchmark, Nifty index is trading weak below its important moving averages (50/100/200 EMA’s) on daily chart, indicating weak trend. While, it is trading at its 52-week high, this clearly indicates strength. Hence, we advocate buying this stock in the

13/12/2016 10:38:52 AM | Posted in Broking Firm Views - Short Term Report read full news
Technical Recommendation 12th December 2016

SCRIP SYMBOL - KWALITY

TECHNICAL RATIONALE – KWALITY is a leading player in Indian organized dairy market and is doing well as far as business is con-cerned. Technically too, it is well placed on daily as well as weekly charts and looks upbeat for fresh move, despite struggling broader markets. Use dips to accumulate fresh in the given range.

12/12/2016 5:43:30 PM | Posted in Broking Firm Views - Short Term Report read full news
Buy Bharat Heavy Electricals Ltd For Target Rs.141.00 - Reliance Sec

Technical Research

* The stock has closed at the upper end of the range trading positive in the last few days poised for a break out above its 20 day SMA.

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

* We believe the stock will give a breakout on the higher side to test its me

12/12/2016 10:10:02 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy Strides Shasun Ltd For Target Rs.1200.00 - Religare Sec

Strides Shasun Limited

STAR was trading in narrow range 1066-1105, just above its 200 EMA support from past couple of trading sessions. Breakout from this range was witnessed on Friday with strong volume. All this indicates bullish bias to continue ahead as well.

 

Recommendation

Buy S

12/12/2016 10:04:43 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy JSW Energy Ltd For Target Rs.72.00 - Reliance Sec

STOCK IN FOCUS

* JSW Energy has lost more than 30% in last 12 months due to weak operational performance in line with our estimates. Considering the recent correction in stock price, we believe that the negatives relating to weak merchant realization have already been priced in.

* JSWEL stands lower in fuel security due to high exposure to me

12/12/2016 10:00:01 AM | Posted in Broking Firm Views - Short Term Report read full news