Buy HDFC Ltd For Target Rs.1,786.00 - Reliance Se

STOCK IN FOCUS

* HDFC closed 1.1% higher, outperforming benchmark NIFTY by 42bps.

* Over the last few years, HDFC Ltd has proven its competitive edge over its peers through decent growth in business, stable spreads, well-managed asset quality and better performance in other financial business subsidiaries. Consequently, the stock traded at a

26/06/2017 10:05:20 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy Bharat Forge Ltd For Target Rs.1,250.00 - Reliance Se

* Bharat Forge is in a strong uptrend as stock is consolidating around its short-term moving average 20-day EMA after witnessing some profit booking from its 52-week high of Rs1221.

* Positive cross-over in key technical indicators-Stochastic and RSI from their oversold zone/ neutral level is also signaling strength in the stock.

* As per the current daily set-up, we believe

26/06/2017 9:55:47 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy Shriram Transport Finance Company Ltd For Target Rs.1,159.00 - Reliance Se

STOCK IN FOCUS

* Shriram Transport Finance (STFC) closed 1.2% higher, outperforming benchmark NIFTY by 1.1%.

* We expect STFC’s operating environment would improve post completion of remonetisation process and implementation of BSIV emission norms for vehicles and rollout of Goods & Services Tax (GST).

* Disbursements impr

26/06/2017 9:51:07 AM | Posted in Broking Firm Views - Short Term Report read full news
Sell Canara Bank Ltd For Target Rs.325.00 - Religare Sec

Strategy:-

CANBK added around 10% of open interest as fresh short positions. It has rolled around 29% into next contract so far. It has also witnessed congestion zone breakdown of last 25 days or so on daily charts. It has also registered breakdown from short term moving averages on daily charts. Hence, we recommend shorting CANBK June futures as per

24/06/2017 4:44:15 PM | Posted in Broking Firm Views - Short Term Report read full news
Derivative Ideas For Nifty - Religare Sec

DERIVATIVES OUTLOOK

* Nifty futures volume weighted average price (VWAP) is at 9635 and Banknifty futures is at 23300.

* Nifty futures closed with a premium of around 17 points while Banknifty futures closed with a discount of around 6 points.

* Call writing was seen at 9600 & 9700 strikes, put writing was seen at 9500 strike an

24/06/2017 4:40:10 PM | Posted in Broking Firm Views - Short Term Report read full news
Sell Karnataka Bank Ltd For Target Rs.161.00 - Reliance Se

* The stock has made a doube top in the past few weeks and seen a sharp breakdown in today trade with strong volumes.

* Reversal in RSI and cutting downwards confirms the trend will continue to test the lower end of the range

* As per the weekly set up the stock is facing lot of pressure within the sector to cross the recent high of 181 levels.

* Thus, short positi

23/06/2017 5:44:32 PM | Posted in Broking Firm Views - Short Term Report read full news
Buy ITC Ltd For Target Rs.363.00 - Reliance Se

STOCK IN FOCUS

* ITC Closed 0.7% up in trade today at Rs311 compared to flat close in benchmark Nifty.

* We expect ITC to benefit in GST regime as tax outgo is similar to the current tax structure. It also provides more clarity and uniformity in taxes across states.

* Increase salience of DSFT cigarettes and strong pricing power wou

23/06/2017 5:38:58 PM | Posted in Broking Firm Views - Short Term Report read full news
Derivative Ideas Bajaj Auto Ltd For Target Rs.2945.00 - Religare Sec

Derivative Ideas

BAJAJ-AUTO added around 4.5% of open interest as long positions. Daily vwap is around 2839 levels. On charts, it has created a fresh buying pivot near its important price support of 2790 levels on daily charts. Its 200 daily EMA is placed at 2795 levels. Considering the overall chart structure as well as derivatives da

23/06/2017 9:51:54 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy UltraTech Cement Ltd For Target Rs.4180.00 - Religare Sec

UltraTech Cement Limited (ULTRACEMCO)

ULTRACEMCO has retraced considerably from its record high and currently trading around the support area of multiple moving averages on daily chart. Existence of support and chart formation are pointing towards strong rebound ahead.

 

23/06/2017 9:41:30 AM | Posted in Broking Firm Views - Short Term Report read full news

Sell Power Grid Corporation of India Ltd For Target Rs.193.00 - Reliance Se

* The stock has made multiple tops at 215 levels in the past few weeks and has closed at 2 weeks low.

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

* The stock has closed near to its short term averages and we believe the stock will face lot of pressure at higher levels.

* Thus, short posit

22/06/2017 1:45:53 PM | Posted in Broking Firm Views - Short Term Report read full news
Buy Britannia Industries Ltd For Target Rs.3,872.00 - Reliance Se

STOCK IN FOCUS

* Britannia Industries closed 2.5% up in trade today at Rs3670, vs. 0.2% drop in the benchmark Nifty.

* Britannia Industries (BIL) has posted a decent set of numbers for 4QFY17 with consolidated net sales and net profit growing by 5.6% YoY and 5.9% YoY to Rs22.3bn and Rs2.1bn, respectively.

* Volumes grew by a modest

22/06/2017 1:39:36 PM | Posted in Broking Firm Views - Short Term Report read full news
Derivative Ideas Amara Raja Batteries Ltd For Target Rs.880.00 - Religare Sec

Derivative Ideas

AMARAJABAT has witnessed good delivery based buying on Tuesday and also added around 2% of open interest as fresh long positions on Wednesday. Keeping in mind long buildup along with delivery based buying, we recommend buying AMARAJABAT June futures as per given levels.

 

Strateg

22/06/2017 1:27:36 PM | Posted in Broking Firm Views - Short Term Report read full news
Buy Siemens Ltd For Target Rs.1,395.00 - Religare Sec

Siemens Limited

SIEMENS has retraced marginal from its record high and formed a base around its support zone of multiple moving averages on daily chart. The chart shows possibility of strong rebound in near future. Traders can accumulate fresh in the given range.

22/06/2017 12:28:05 PM | Posted in Broking Firm Views - Short Term Report read full news

Buy Berger Paints India Ltd For Target Rs.268.00 - Religare Sec

Berger Paints (I) Limited 

BERGEPAINT has been consolidating in a range near to its record high while holding firmly above its medium term moving averages. It has formed a fresh buying pivot on the daily chart and likely to witness strong up move in near future

22/06/2017 12:20:57 PM | Posted in Broking Firm Views - Short Term Report read full news

Derivative Ideas Titan Company Ltd For Target Rs. 550.00 - Religare Sec

TITAN added around 2.50% of open interest as fresh long positions along with some delivery based buying in previous session. On charts, it has created a fresh buying pivot near the support zone of gap left by it while rising on June 5, 2017. It is also trading in higher highs - higher lows formation above its long term as well as short term moving averages on daily charts. Hence, we suggest buy

21/06/2017 1:50:37 PM | Posted in Broking Firm Views - Short Term Report read full news
Buy Tata Communicationsa Ltd For Target Rs.800.00 - Religare Sec

Tata Communications Limited (TATACOMM)

TATACOMM has retraced marginally of late after retesting its record high and found support around 725 area. After hovering in a narrow range for two weeks, it’s now looks upbeat to resume uptrend.

21/06/2017 1:46:39 PM | Posted in Broking Firm Views - Short Term Report read full news
Buy Aditya Birla Nuvo Ltd Fro Target Rs.1760.00 - Religare Sec

Aditya Birla Nuvo Limited (ABIRLANUVO)

ABIRLANUVO has been consolidating around its record high for last one month or so and formed a fresh buying pivot on daily chart. We suggest using this phase to create fresh longs in the mentioned range.

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21/06/2017 1:42:36 PM | Posted in Broking Firm Views - Short Term Report read full news
Derivative Ideas Indraprastha Gas Ltd For Target Rs.1,125.00 - Religare Sec

Derivative Ideas

IGL added around 1.50% of open interest as fresh long positions along with some delivery based buying in previous trading session. On charts, it has created a fresh buying pivot on Monday near its price support zones (1055-1060) on daily charts after witnessing marginal profit taking from its all time highs. Current ch

20/06/2017 1:33:26 PM | Posted in Broking Firm Views - Short Term Report read full news
Buy Dabur India Ltd For Target Rs.302.00 - Religare Sec

Dabur India Limited

Unlike all other FMCG counter, DABUR is still consolidating in a range on the daily chart while holding firmly above its multiple moving averages. We believe the consolidation will be over soon and traders should use this pause to accumulate fresh in the given range.

20/06/2017 12:27:55 PM | Posted in Broking Firm Views - Short Term Report read full news

Accumulate HDIL Ltd For Target Rs.110.00 - Religare Sec

Investment Rationale

* Housing Development & Infrastructure Limited (HDIL) has established itself as one of India’s premier real estate development companies, with significant operations in the Mumbai Metropolitan Region.

* Last year the promoter of the company infused Rs. 150 cr in the company.

* It launched a new brand

17/06/2017 10:50:44 AM | Posted in Broking Firm Views - Short Term Report read full news
Sell Bank Nifty For Target Rs.25.00 - Religare Sec

Strategy:-

BankNifty is likely to be in a range of around 23100-23800 in the short term.The highest open interest for 29 June expiry is at 2300put and 23500call.

 

Strategy:

Sell BankNifty 29 june 24100ce@18 and sell 22800pe@36,net prem at 54,sloss at 68,target 25.

 

17/06/2017 10:36:01 AM | Posted in Broking Firm Views - Short Term Report read full news