Buy Godrej Industries Ltd For Target Rs.620.00 - Religare Sec

Godrej Industries Limited

GODREJIND has witnessed a swift rebound of late after retesting its support zone of long term moving averages on daily chart. The chart pattern combined with confirmation indicators are also pointing towards a strong recovery ahead. We suggest traders to accumulate fresh in the given range.

 


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1/11/2017 12:07:57 PM | Posted in Broking Firm Views - Short Term Report read full news
Buy Apollo Tyres Ltd For Target Rs.269.00 - Reliance Sec

* Apollo Tyres moved upwards after taking support of prior reversal point near to 236 and later the stock rose to 2 week high.

* Due to recent reversal in the prices, the key technical indicator-RSI witnessed identical turnaround from their lower levels.

* On the lower side, the stock will find strong support around its 200 day average of 233 levels.

* Fresh long p

31/10/2017 2:15:43 PM | Posted in Broking Firm Views - Short Term Report read full news
Buy Crompton Greaves Consumer Electricals Ltd For Target Rs.246.00 - Reliance Sec

STOCK IN FOCUS

* Led by volume growth, Crompton Greaves Consumer Electricals (CGCEL) has reported a strong performance in 2QFY18. Its revenue grew by 15.9% YoY while adjusted for non-cash ESOP charge of Rs141mn, its PAT surged by 39.8% YoY.

* CGCEL’s consumer business – which enjoys a substantial brand presence and goodwill in Ind

31/10/2017 1:21:19 PM | Posted in Broking Firm Views - Short Term Report read full news
Buy HDFC Bank Ltd For Target Rs.44.00 - Religare Sec

Derivative Ideas

HDFCBANK shed around 1.40% in open interest as short covering was seen in it with some delivery based buying in previous session. Current chart pattern too indicate fresh surge in price. We suggest buying HDFCBANK November Options as per levels mentioned below.

Strategy: Buy HDFCBANK NOV 1820C

31/10/2017 12:48:20 PM | Posted in Broking Firm Views - Short Term Report read full news
Buy DCB Bank Ltd For Target Rs.190.00 - Religare Sec

DCB Bank Limited

DCBBANK has almost retested major support zone of 200 EMA on the daily chart and consolidating in a narrow range now. Keeping in the mind the past instances, we expect strong rebound in the near future. Traders should use this phase to accumulate fresh in the given range.

 

31/10/2017 12:13:15 PM | Posted in Broking Firm Views - Short Term Report read full news

Buy Orient Paper and Industries Ltd For Target Rs.120.00 - 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 shows the bullish sentiments in the counter.

* On a daily chart, the stock has taken a support of its horizontal trend line around 96 level from where the stock had given a bounce back move in the past.

* On a weekly chart, the stock has bee

30/10/2017 5:51:45 PM | Posted in Broking Firm Views - Short Term Report read full news
Buy Dwarikesh Sugar Industries Ltd For Target Rs.83.00 - Choice Broking

* On an hourly chart, the stock has just started to trade as per the Momentum Triple Pattern Theory which indicates the stock could accelerate its upside movement .

* Moreover, the stock has tested a support of its 100 hours exponential moving average which shows bounce back move in the counter .

* On a daily chart, the stock is forming a strong bullish candlestick after tak

30/10/2017 5:26:31 PM | Posted in Broking Firm Views - Short Term Report read full news
Buy Adani Enterprises Ltd For Target Rs.143.50 - Choice Broking

* On a daily chart, we can see a Double crossover of the 20*50 days exponential moving average which is considered as a positive crossover and may cause an upside movement.

* Moreover, the stock has been trading with Higher High & Higher Low formation above the 100 days exponential moving average which is a bullish continuation pattern.

* On a weekly chart, recently the

30/10/2017 4:31:36 PM | Posted in Broking Firm Views - Short Term Report read full news
Buy Gail India Ltd For Target Rs.500.00 - Reliance Sec

* GAIL is in the strong up-trend, as the stock reversed after taking support of its 38.2% Fibonacci Retracement of prior rally (Rs387-457) and registered a new life-time-high.

* The key technical indicators are positively poised above their neutral line and averages.

* As per the current daily set-up, we believe that stock will keep recording new high, where it will face maj

30/10/2017 2:49:07 PM | Posted in Broking Firm Views - Short Term Report read full news
Buy Emami Ltd For Target Rs.1,370.00 - Reliance Sec

STOCK IN FOCUS

* Emami closed the day 3% higher at Rs1244 vs. 0.2% fall in the benchmark Nifty.

* Following a disappointing performance in 1QFY18 due to GST overhang, Emami has posted an encouraging set of numbers in 2QFY18. Domestic business grew by 14% YoY with underlying witnessed 10% YoY growth in volume.

* While EBITDA increas

30/10/2017 2:38:49 PM | Posted in Broking Firm Views - Short Term Report read full news
Buy Raymond Ltd For Target Rs.40.00 - Religare Sec

Derivative Ideas

RAYMOND added around 2.03% in open interest as fresh long positions with some delivery based buying in previ-ous session. Current chart pattern too indicate fresh surge in price. We suggest buying RAYMOND November Op-tions as per levels mentioned below. Strategy: Buy RAYMOND NOV 920CE between 24-25, SL– 13, TGT– 40.

30/10/2017 12:06:51 PM | Posted in Broking Firm Views - Short Term Report read full news
Buy Godrej Industries Ltd For Target Rs.605.00 - Religare Sec

Godrej Industries Limited

GODREJIND has witnessed a swift rebound after retesting its support zone of long term moving averages on daily chart of late. The chart pattern combined with confirma-tion indicators are also pointing towards a strong recovery ahead. We suggest traders to accumulate fresh long in the given range.

 

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30/10/2017 12:02:10 PM | Posted in Broking Firm Views - Short Term Report read full news
Buy Shriram Transport Finance Company Ltd For Target Rs. 1375.00 - Choice Broking

*  Shriram Transport Finance Company (STFC) is Indias largest player in commercial vehicle finance that was established in the year 1979. The company has a network of 488 branches and service centers. The company is one of the largest asset financing NBFCs in India with a niche presence in financing pre-owned trucks and Small Truck Owners (STOs).

*  The company is a part of

28/10/2017 5:45:44 PM | Posted in Broking Firm Views - Short Term Report read full news
Buy Nifty For Target Rs. 150.00 - Religare Sec

DERIVATIVES OUTLOOK

*  Nifty futures volume weighted average price (VWAP) is at 10280 and Banknifty futures is at 24850.

*  Call writing was seen at Nifty 10400 strike and Put writing was seen at Nifty 10200 strikes.

*  Maximum positions are at 10500 CE and 10000 PE. Nifty is expected to be in the range of 10100-10600

28/10/2017 2:51:51 PM | Posted in Broking Firm Views - Short Term Report read full news
Accumulate Emami Ltd For Target Rs. 1510.00 - Religare Sec

Investment Rationale

*  Emami Ltd is one of the leading and fastest growing personal and healthcare businesses in India, with an enviable portfolio of household brand names such as Boroplus, Navratna, Fair and Handsome, Zandu balm, Mentho Plus balm and Fast Relief. Emami has received countless accolades for its innovative and clutter-breaking pro

28/10/2017 2:34:01 PM | Posted in Broking Firm Views - Short Term Report read full news
Sell Petronet LNG Ltd For Target Rs.238.00 - Choice Broking

* On weekly chart the stock has been in a steady uptrend since 2014 making ‘higher top and higher bottom’ formation.

* However, the recent move in the stock from the level of 163 to 273.80 looks to be a blow off as momentum indicator RSI (14) on the weekly chart is not confirming the new peak.

* The stock on the daily chart has formed an “Evening star&rdquo

27/10/2017 5:56:29 PM | Posted in Broking Firm Views - Short Term Report read full news
Buy Nath Bio-Genes (I) Ltd For Target Rs.490.00 - 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 shows the bullish sentiments in the counter.

* On a daily chart, the stock has given a breakout of its consolidation phase with an increase in volume activity which indicates a robust upside movement.

* On a weekly chart, the stock has been

27/10/2017 5:43:40 PM | Posted in Broking Firm Views - Short Term Report read full news
Buy LT Foods Ltd For Target Rs.65.50 - Choice Broking

* On an hourly chart, the stock has just started to trade as per the Momentum Triple Pattern Theory which indicates the stock could accelerate its upside movement.

* On a daily chart, the stock may breach above the 100 days moving average acted as a strong resistance from last month which is a positive sign.

* On a weekly chart, the stock has been trading above its 20 weeks

27/10/2017 5:35:25 PM | Posted in Broking Firm Views - Short Term Report read full news
Sell HUL And ITC Pair For Target Rs.4.18.00 - Choice Broking

• Over the past few years, we have seen outperformance coming in from HUL and underperformance in ITC stock price.

• The ratio of the pair has moved from 2.32 to 4.78 over the past 4 years and has hit resistance of 4.78 which was the peak of 2009.

• Over the past two months, the stock has fallen twice from the mentioned resistance and has recently the pair tri

27/10/2017 4:14:16 PM | Posted in Broking Firm Views - Short Term Report read full news
Buy Glenmark Pharmaceuticals Ltd For Target Rs.645.00 - Choice Broking

* On an hourly chart, the stock has given a breakout of the upper band of its Descending triangle formation with an increase in volume which indicates a northward movement in the counter.

* Moreover, the stock has been trading with the strong support of its horizontal trend line around 600 level and has breached above the 20-50-100 hours exponential moving averages which show bounce b

27/10/2017 4:06:51 PM | Posted in Broking Firm Views - Short Term Report read full news
Buy Just Dial Ltd For Target Rs.28.00 - Religare Sec

Derivative Ideas

JUSTDIAL saw good addition 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 JUSTDIAL November Options as per levels mentioned below.

 

Strategy: Buy JUSTDIAL N

27/10/2017 2:18:55 PM | Posted in Broking Firm Views - Short Term Report read full news
Buy Sun TV Network Ltd For Target Rs.850.00 - Religare Sec

Sun TV Network Limited

SUNTV has been hovering in a narrow range near its support zone of short term moving averages on daily chart and formed a fresh buying pivot. Considering its chart pattern and overall trend, we expect a strong surge ahead.

 

 

27/10/2017 1:22:24 PM | Posted in Broking Firm Views - Short Term Report read full news

Buy The India Cements Ltd For Target Rs.205.00 - Religare Sec

The India Cements Limited

INDIACEM has been consolidating in a broader range for last two months on daily chart. Today, it has witnessed fresh breakout from the same and likely to resume its uptrend. We suggest using any dip in the given range to initiate fresh long.

 

 

 

27/10/2017 1:18:08 PM | Posted in Broking Firm Views - Short Term Report read full news

Buy Nagarjuna Fertilizers & Chemicals Ltd For Target Rs.23.00 - Choice Broking

* The stock has started to trade as per the Momentum Triple Pattern theory in hourly and daily chart which shows the bullish sentiments in the counter.

* On a daily chart, the stock has given a breakout of the upper band of its symmetrical triangle formation with rising volume activity which indicates a robust upside movement.

* Moreover, recently the stock has taken a suppo

26/10/2017 4:49:57 PM | Posted in Broking Firm Views - Short Term Report read full news