Buy Bajaj Electricals Ltd For Target Rs.385.00 - Choice Broking

* On a weekly chart, the stock has formed Bullish Harami candle stick pattern with the support of its 50 weeks moving average which can be considered as a bullish reversal formation and indicates an upside movement in the counter.

* Moreover, after a healthy correction from its recent high, the stock has halted its correction at 295 level which is a 50.00% retracement level of its pre

31/08/2017 5:13:14 PM | Posted in Broking Firm Views - Short Term Report read full news
Buy Can Fin Homes Ltd For Target Rs.3,010.00 - Reliance Sec

* The stock has retraced 30% of prior up-move (Rs1,256-3,330) after registering life-time-high of Rs3,330, where its short-term moving average 20-week EMA tried to halt further decline with a narrow range consolidation.

* Due to the recent retracement in the stock, Stochastic slipped into oversold zone and its RSI is about to hit the neutral line.

* On the higher side, its l

31/08/2017 2:57:31 PM | Posted in Broking Firm Views - Short Term Report read full news
Buy HDFC Bank Ltd For Target Rs.2,051.00 - Reliance Sec

STOCK IN FOCUS

Despite adverse operating environment, HDFC Bank continued to deliver strong performance on business growth as well as operating fronts.

The Bank has delivered a healthy performance on business growth and operating front in 1QFY18. Despite a mere 6.1% YoY growth in banking industry loan, its loan book grew by 23.4% YoY and 4.8%

31/08/2017 2:54:00 PM | Posted in Broking Firm Views - Short Term Report read full news
Sell Havells India Ltd For Target Rs.449.00 - Reliance Sec

* The stock has multiple tops in the past few weeks in range of 505-527 levels and we believe the stock is poised for further weakness in the next few weeks..

* RSI has reversed on the weekly charts and stochastic also confirmation is signaling that the stock is on the verge of breakdown.

* The stock could find support near to its long term average, which could be the potent

31/08/2017 2:49:14 PM | Posted in Broking Firm Views - Short Term Report read full news
Buy Ramco Cements Ltd For Target Rs.760.00 - Reliance Sec

STOCK IN FOCUS

Ramco Cements (RCL) gained over ~1% in yesterday’s sell-off markets on the expectation of better performance ahead owing to above par monsoon.

Though 2QFY18 result is expected to be subdued owing to seasonal effects, RCL is expected to deliver better profitability in ensuing quarters with the visible reduction in debts an

31/08/2017 2:38:18 PM | Posted in Broking Firm Views - Short Term Report read full news
Derivative Ideas Hindustan Zinc Ltd For Target Rs.14.00 - Religare Sec

HINDZINC futures added around 18.5% in open interest as fresh long positions with spurt in volume in previous session. Current chart pattern too indi-cate fresh surge in price. We suggest buying HIN-DZINC September options as per levels mentioned below.

 

Strategy:

BUY HINDZINC SEP 300CE@6.50-7.00, SL–3.

31/08/2017 12:26:45 PM | Posted in Broking Firm Views - Short Term Report read full news
Sell Idea Cellular Ltd For Target Rs.84.00 - 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.

31/08/2017 12:21:33 PM | Posted in Broking Firm Views - Short Term Report read full news
Buy R p p Infra Projects Ltd For Target Rs.280.00 - Choice Broking

* On a daily chart, the stock has given a breakout of its horizontal resistance level of 265 which indicates a further upside move 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 at 57.77, heading towards the overbought zone w

30/08/2017 4:43:34 PM | Posted in Broking Firm Views - Short Term Report read full news
Buy Hindustan Petroleum Corporation Ltd For Target Rs.496.00 - Choice Broking

* The stock has been trading in an uncharted territory with ample volume activity which indicates a further upside movement in the counter in short span of time.

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

* Moreover, the stock has given a brea

30/08/2017 3:13:38 PM | Posted in Broking Firm Views - Short Term Report read full news
Derivative Ideas Bank Nifty For Target Rs.40.00 - Religare Sec

Derivative Ideas

BANKNIFTY has seen heavy selling pressure from higher levels. Also heavy call writing has been seen in BankNifty.

 

Strategy:

BUY BANKNIFTY 24000PE@90 AND SELL 2*23800PE@45, EACH SPREAD AT PARITY, TGT– 40

 

To Read Comple

30/08/2017 10:52:52 AM | Posted in Broking Firm Views - Short Term Report read full news
Sell Canara Bank Ltd For Target Rs.328.00 - Religare Sec

Canara Bank

CANBK has been trading under pressure from last almost two months. It tried to recoup some losses in between but failed to cross its resistance zone around 345, result in formation of a fresh shorting pivot on chart. Traders can go fresh short in the given range

30/08/2017 10:50:08 AM | Posted in Broking Firm Views - Short Term Report read full news

Buy Aurobindo Pharma Ltd For Target Rs.775.00 - Religare Sec

Aurobindo Pharma Limited

Unlike with other Pharma counters, AUROPHARMA has been holding strong and witnessed a fresh breakout of late after consolidating around the support area of long term moving average on daily chart. Considering its chart pattern, we feel a strong surge is ahead to come. Hence, we advise buying this stock in the given range.

30/08/2017 10:47:22 AM | Posted in Broking Firm Views - Short Term Report read full news
Technical Recommendation 28st August 2017

SCRIP NAME AND SYMBOL - United Spirits Limited

TECHNICAL RATIONALE – After breakout from a trend reversal pattern, MCDOWELLN witnessed sharp surge in early July and touched 2750+ mark in no time. The recent retracement to the neckline area of the pattern is again offering an opportunity to accumulate. Existence of moving averages

30/08/2017 9:46:53 AM | Posted in Broking Firm Views - Short Term Report read full news
Sell Havells India Ltd For Target Rs.456.00 - Choice Broking

* On a daily chart, we can see an evening doji star candlestick pattern which is a trend reversal pattern and may lead the stock to move further in a southward direction.

* Moreover, it has faced a strong resistance of its upper arm of symmetrical triangle formation in which it has been trading since last three months, which suggests downside move in the counter for the time being.

29/08/2017 5:38:39 PM | Posted in Broking Firm Views - Short Term Report read full news
Buy Aegis Logistics Ltd For Target Rs.200.00 - Choice Broking

* On a daily chart, the stock has been trading with a strong support of the horizontal level 185 which caused for a bounce back move in the past.

* Moreover, the stock is forming a strong bullish candle and breaching above the 20 days exponential moving average which show the potentiality for an upward move.

* A daily momentum indicator RSI reading is at 51.11 with a positiv

29/08/2017 5:26:33 PM | Posted in Broking Firm Views - Short Term Report read full news
Buy Bajaj Auto Ltd For Target Rs.2,870.00 - Reliance Sec

* The stock has witnessed sharp decline from its recent high of Rs 2981, but has always bounced from its support of its 100 week average in the past few months.

* The stock has made a double bottom near sub 2700 levels and bounced back confirming the uptrend and on the higher side it will find resistance around the recent high.

* Positive reversal in RSI from their oversold

29/08/2017 3:42:33 PM | Posted in Broking Firm Views - Short Term Report read full news
Buy Yes Bank Ltd For Target Rs.2,051.00 - Reliance Sec

STOCK IN FOCUS

YES Bank closed 2.2% higher, outperforming benchmark NIFTY Index by 1.6%

The bank is making sustained progress towards building a strong retail franchise, which we expect would add depth to its balance sheet and boost earnings. Detailed study of loan book indicates that the Bank has been able to manage the issues of asset quali

29/08/2017 3:30:35 PM | Posted in Broking Firm Views - Short Term Report read full news
Derivative Ideas Dabur India Ltd For Target Rs.320.00 - Religare Sec

Derivative Ideas

DABUR added around 15.8% in open interest as fresh long positions with some delivery based buying in previous session. Current chart pattern too indicate fresh surge in price. We suggest buying DABUR Aug futures as per levels mentioned below.

 

Strategy:

29/08/2017 3:17:13 PM | Posted in Broking Firm Views - Short Term Report read full news
Sell IDFC Ltd For Target Rs.51.00 - Religare Sec

IDFC Limited

IDFC is trading in a indecisive manner and struggling to hold above the resistance zone of moving averages. The chart pattern indicates further fall thus we advise creating fresh shorts in the given range.

29/08/2017 3:12:10 PM | Posted in Broking Firm Views - Short Term Report read full news

Buy Asian Paints Ltd For Target Rs.1,210.00 - Religare Sec

Asian Paints Limited

ASIANPAINT has been consolidating in a broader range for almost three months closer to the support area of multiple moving averages on daily chart. The recent surge indicates strong possibility of breakout in near term..

29/08/2017 2:57:56 PM | Posted in Broking Firm Views - Short Term Report read full news
Buy Phillips Carbon Black Ltd For Target Rs.669.00 - 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 trend in the counter.

* On a daily chart, we can see a three white soldiers candlestick pattern which is a bullish sign to move further in northward direction.

* Moreover, the stock has given a breakout of the symmetrical

28/08/2017 4:08:36 PM | Posted in Broking Firm Views - Short Term Report read full news
Buy Larsen and Toubro Ltd For Target Rs.1,200.00 - Choice Broking

* On a daily chart, the stock has halted its correction at the last accumulation level of 1115-1120 which acted as a support in the past for the bounce back move.

* Moreover, the stock has started to trade above the 100 days exponential moving average which shows potentiality for an upside movement.

* On a weekly chart, we can see the strong support of 20 weeks exponential m

28/08/2017 3:10:51 PM | Posted in Broking Firm Views - Short Term Report read full news
Buy Colgate Palmolive India Ltd For Target Rs.1,140.00 - Reliance Sec

* The stock reversed after taking support of its short-term moving average 20-week EMA and rose to 8-week closing high.

* Rise in Stochastic and positive cross-over in RSI is signaling strength in the stock.

* As per the current weekly set-up, we believe that the stock will continue its northbound journey for next couple of weeks, where it will face major hurdle around Rs1,1

28/08/2017 3:01:47 PM | Posted in Broking Firm Views - Short Term Report read full news
Buy Glenmark Pharmaceuticals Ltd For Target Rs.900.00 - Reliance Sec

STOCK IN FOCUS

US business is expected to show strong traction on the back of ramp-up in new US FDA approvals (derma segment), steady sales growth Mupirocin and some limited competition opportunities such as gStrattera and gDesonide.

On innovative R&D side, GNP announced positive data from a Phase-IIa clinical trial of GBR 830. We believe

28/08/2017 2:57:34 PM | Posted in Broking Firm Views - Short Term Report read full news