Technical Recommendation 28th February 2017

Ashok Leyland Limited (ASHOKLEY)

TECHNICAL RATIONALE – ASHOKLEY has been witnessing profit taking for last three sessions and reached near to its long term moving average 100 day EMA on daily chart. It is a normal slide after a surge, offering fresh opportunity to enter.

28/02/2017 9:29:13 AM | Posted in Broking Firm Views - Short Term Report read full news

Derivative Ideas Britannia Industries Ltd For Target Rs. 3400.00 - Religare Sec

Derivative Ideas

BRITANNIA— Delivery based buying was seen in previous session, and also added around 0.50% of open interest as fresh long positions. On charts, it is trading above short term as well as long term moving averages on daily charts, and also trading on verge of upside breakout from congestion zone of last four weeks

28/02/2017 9:14:24 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy Jain Irrigation Systems Ltd For Target Rs. 96.00 - Religare Sec

Jain Irrigation Systems Limited (JISLJALEQS)

JISLJALEQS has retraced marginally from the top and offering fresh opportunity to enter. Existence of short term moving average (50 day EMA) and overall chart pattern are in the favor of strong re-bound in near future.

28/02/2017 9:11:09 AM | Posted in Broking Firm Views - Short Term Report read full news

Buy Cummins India Ltd  For Target Rs. 1010.00 - Religare Sec

Cummins India Limited (CUMMINSIND

CUMMINSIND has been consolidating in a range while holding strongly above its long term moving averages (200/100/50 EMA’s) on daily chart for last three weeks. And, now it looks all set for a fresh surge.

 

 

28/02/2017 9:08:20 AM | Posted in Broking Firm Views - Short Term Report read full news

Buy Britannia Industries Ltd For Target Rs.3,796.00 - Reliance Sec

STOCK IN FOCUS

* Britannia Industries closed flat in trade today at Rs3,236. ff Market leadership in biscuits, increased premiumization, strong pricing power, improving direct distribution network, and management bandwidth would drive growth for Britannia Industries (BIL), going forward.

* Britannia is expected to report 13%

27/02/2017 12:19:36 PM | Posted in Broking Firm Views - Short Term Report read full news
Buy Tata Motors Ltd For Target Rs.490.00 - Reliance Sec

Positional Pick: TATA MOTORS

* The stock reversed after taking support around previous swing low and also its 50% Fibonacci Retracement level of prior mega upmove (Rs266-598). Later, the stock rose to one week high and managed to fill prior downward gap.

* Due to recent pull back rally, key technical indicators-Stochastic & RSI also rever

27/02/2017 12:12:36 PM | Posted in Broking Firm Views - Short Term Report read full news
Buy Bajaj Auto Ltd For Target Rs.2930.00 - Religare Sec

Derivative Ideas

BAJAJ-AUTO added around 10% of open interest as long positions along with some delivery based buying in previous sessions. On charts, it is trading on verge of breakout from congestion zone of last three weeks. We suggest buying Mar futures as per levels given below.

 

Strategy

27/02/2017 12:03:18 PM | Posted in Broking Firm Views - Short Term Report read full news
Buy ITC Limited For Target Rs.284.00 - Religare Sec

ITC Limited(ITC)

After a decline from 292 to 260 levels in the passing week, ITC has reached closer to its immediate support and likely to rebound strongly in near future. We suggest traders to accumulate in the given range.

27/02/2017 11:58:27 AM | Posted in Broking Firm Views - Short Term Report read full news

Buy Bajaj Auto Ltd For Target Rs.2930.00 - Religare Sec

Strategy:

BAJAJ-AUTO added around 10% of open interest as long positions along with some delivery based buying in previous sessions. On charts, it is trading on verge of breakout from congestion zone of last three weeks. We suggest buying Mar futures as per levels given below.

 

Strategy:

25/02/2017 10:23:03 AM | Posted in Broking Firm Views - Short Term Report read full news
Derivative Ideas For Nifty - Religare Sec

DERIVATIVES OUTLOOK

* Nifty Mar futures volume weighted average price (VWAP) is at 8920 and Banknifty futures is at 20800.

* Nifty futures rolled around 68% and Banknifty futures rolled around 58% into next contract.

* Call writing was seen at 9000 & 9100 strike and put writing was seen at 8900 & 8800 strikes. Highest positi

25/02/2017 10:20:35 AM | Posted in Broking Firm Views - Short Term Report read full news
Derivative Ideas - Buy Nifty For Target Rs.80.00 - Religare Sec

Derivative Ideas

NIFTY futures added around 14.6% of open interest as long positions. It has rolled 49% into next series so far. Put writing was seen at 8900 and call writing was seen at 9000 strike. We suggest doing bull spread as per levels mentioned below.

 

Strategy:

23/02/2017 11:32:31 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy LIC Housing Finance Limited For Target Rs.595.00 - Religare Sec

LIC Housing Finance Limited (LICHSGFIN)

LICHSGFIN is trading strong above 50/100/200 EMAs on daily charts. It is all set for fresh upside breakout on daily as well as on weekly charts. Hence, we suggest traders to go long in the stock as per mentioned levels.

 

23/02/2017 11:28:28 AM | Posted in Broking Firm Views - Short Term Report read full news

Buy Hindustan Unilever Limited For Target Rs.900.00 - Religare Sec

Hindustan Unilever Limited (HINDUNILVR)

HINDUNILVER is holding strong above its short term as well as long term moving averages on daily charts. At current juncture, it is trading on verge of breakout from congestion zone of last six weeks or so. We suggest to initiate fresh long positions as per mentioned levels.

 

23/02/2017 11:25:06 AM | Posted in Broking Firm Views - Short Term Report read full news
Technical Recommendation 22nd February 2017

Berger Paints Limited (BERGEPAINT )

TECHNICAL RATIONALE – BERGERPAINT, after consolidating around its long term averages on the daily chart, has formed a fresh buying pivot and likely to witness fresh surge in the near future. Traders should use this pause to accumulate in the given range.

 

22/02/2017 1:19:01 PM | Posted in Broking Firm Views - Short Term Report read full news
Buy Axis Bank For Target Rs.18.00 - Religare Sec

Derivative Ideas

AXISBANK added around 32% of open interest as fresh long positions. It has rolled around 41% into next contact. Call buying (unwinding buy writers) was seen at 490 & 500 strikes, put writing was seen at 490 & 500 strikes. It has also witnessed upside breakout from congestion zone of last four months and so with

22/02/2017 12:56:38 PM | Posted in Broking Firm Views - Short Term Report read full news
Buy Siemens Ltd For Target Rs.1320.00 - Religare Sec

Siemens Limited( SIEMENS)

After consolidating around its long term averages on the daily chart, Siemens now look all set for an up move. The confirmation oscillators are also in agreement to the chart pattern. Traders can utilize this phase to accumulate this stock.

 

22/02/2017 12:53:39 PM | Posted in Broking Firm Views - Short Term Report read full news

Derivative Ideas Nifty For Target Rs.34 - Religare sec

Derivative Ideas

NIFTY futures added around 5% of open interest as long positions. It has rolled around 20% into next contract so far. Call buying was seen at 8900 strike and huge put writing was seen at 8800 strike. We recommend doing bull spread in nifty as per levels given below.

 

21/02/2017 12:54:24 PM | Posted in Broking Firm Views - Short Term Report read full news
Buy Kotak Mahindra Bank Ltd For Target Rs.12.00 - Religare Sec

Derivative Ideas

KOTAKBANK added around 16.70% of open interest as long positions along with some delivery based buying in previous session. Call buying (unwinding by writers) was seen at 800 strikes. We recommend buying Kotak bank 800 CE as per levels given below.

 

Strategy

20/02/2017 12:36:22 PM | Posted in Broking Firm Views - Short Term Report read full news
Sell Adani Ports & Special Economic Zone Ltd For Target Rs.270.00 - Reliance Sec

Positional Pick: ADANI PORTS

* The stock reversed forming Double Top pattern around Rs317 and later slipped to four week closing low.

* Negative cross-over in Stochastic & RSI are signaling about weakness in the stock.

*We believe the stock will remain in pressure for the short-term and will find support around medium to long-te

20/02/2017 12:26:15 PM | Posted in Broking Firm Views - Short Term Report read full news
Buy LIC Housing Finance Ltd For Target Rs.570.00 - Religare Sec

LIC Housing Finance Limited (LICHSGFIN)

Post indecisive move that lasted for two weeks, LICHSGFIN settled on positive note on back of strong volume, indicating buyers interest. Hence we advocate buying this stock in the given range.

20/02/2017 12:19:08 PM | Posted in Broking Firm Views - Short Term Report read full news

Buy MOIL Ltd For Target Rs.409.00 - Reliance Sec

STOCK IN FOCUS

*MOIL closed ~2% higher outperforming the CNX Mid-cap index by 1% f The company recently announced its 3QFY17 results which topped ours as well as street estimates

* Its sales volumes zoomed by 154% YoY and 12% QoQ to 348,000 tonne, while blended realization surged by 64% YoY and 61% QoQ to Rs9,394/tonne

* EBITDA rose

20/02/2017 12:14:11 PM | Posted in Broking Firm Views - Short Term Report read full news