Buy KNR Constructions Ltd ForTarget Rs.830.00 - Reliance sec

STOCK IN FOCUS

* KNR Constructions (KNRC) surged ~3% in Friday’s trade.

* KNRC’s order book at Rs45.8bn, which is ~3.9x TTM revenue, lends sound visibility of future growth.

* It secured orders over Rs18.0bn in FY17E till date. Further, 93% of its total order book accounts from government, which mitigates payment default

5/12/2016 11:06:01 AM | Posted in Broking Firm Views - Short Term Report read full news
sell Wipro Ltd For Target Rs.437.00 - Religare Sec

Strategy:-

WIPRO added around 2.5% of open interest as fresh short positions along with some call writing at OTM strikes. On charts, it has created a fresh selling pivot on daily charts near important price resistance of 472. We recommend selling Dec futs as per levels given below.

 

Strategy:

3/12/2016 10:14:17 AM | 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 8095 and Banknifty futures is at 18465.

* Call writing was seen at Nifty 8200 & 8300 strikes, Put buying (unwinding by writers) was seen at 8000 & 8100 strikes.

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

* Nifty is e

3/12/2016 10:11:55 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy HDFC Bank Ltd For Target Rs.1,250.00 - Reliance sec

Technical Research

* The stock reversed taking support of its long-term moving average 200-days SMA after witnessing fall of ~12% from its life-time-high Rs1318.

* Due to recent reversal in the stock prices, key technical indicators-Stochastic & RSI turned upward from their multi month low, which is signaling lack of selling interest in t

2/12/2016 10:42:00 AM | Posted in Broking Firm Views - Short Term Report read full news
Sell DLF Ltd For Target Rs.102.00 - Religare Sec

DLF Limited

Nothing much has changed for DLF in recent time. It is still trading weak below its important moving averages (50/100/200 EMA). Yesterday, it settled near day’s low and formed big red candlestick after couple of sessions sideways move, indicating weakness. We are not expecting this situation to change any time soon; hence, it makes se

2/12/2016 10:38:14 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy HCL Technologies Ltd For Target Rs.1,000.00 - Reliance sec

STOCK IN FOCUS

* HCL Technologies’ stock price declined slightly by 0.3% in yesterday’s trade, while the BSE Sensex also declined by 0.4%.

* 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

2/12/2016 10:36:39 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy Jyothy Laboratories Ltd For Target Rs.380.00 - Religare sec

Jyothy Laboratories Limited

JYOTHYLAB is in long-term uptrend, trading firmly near its 52-week high. Its 100 EMA is placed nearby around 332 on daily chart and will act as immediate support if tables start turning. As overall it is looking strong at current juncture with all positive factors in place, we recommend buying this stock.

 

2/12/2016 10:26:53 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy HDFC Bank Ltd For Target Rs.1250.00 - Reliance sec

Technical Research

* The stock reversed taking support of its long-term moving average 200-days SMA after witnessing fall of ~12% from its life-time-high Rs1318.

* Due to recent reversal in the stock prices, key technical indicators-Stochastic & RSI turned upward from their multi month low, which is signaling lack of selling interest in t

1/12/2016 3:00:00 PM | Posted in Broking Firm Views - Short Term Report read full news
Buy Dabur India Ltd For Target Rs.338.00 - Reliance Sec

STOCK IN FOCUS

* Dabur India closed 2.6% higher in trade at Rs284 compared to 1% gain reported by the benchmark nifty.

*Although revenue growth was muted in 2QFY17, Dabur reported 4.5% growth in volumes owing to augmented promotions across categories.

* We expect steady recovery in consumer demand towards FY17-end considering good m

1/12/2016 2:56:15 PM | Posted in Broking Firm Views - Short Term Report read full news
Technical Recommendation 1st December 2016 - LKP Sec

Action Construction Equipment Ltd

Fundamental View

* Action Construction Equipment – ACE is our small cap pick to play the operating leverage from GOI driven infrastructure revival. Presence across the 4 verticals of Cranes, Construction Equipment, Material Handling & Farm Equipment makes ACE a perfe

1/12/2016 12:22:46 PM | Posted in Broking Firm Views - Short Term Report read full news
Derivative Ideas IndusInd Bank Ltd For Target Rs.1140.00 - Religare Sec

INDUSINDBK added around 3% of open interest as long buildup. On charts, it has created a fresh buying pivot on daily as well as on intraday charts. We recommend doing a covered call as per levels given below.

 

Strategy:

BUY INDUSINDBK DEC FUTS BETWEEN 1078-1082 & SELL 1140 CE AT 10-12, SL 1050, TARGET 1140.

 

1/12/2016 9:50:37 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy Petronet LNG Ltd For Target Rs.430.00 - Religare sec

Petronet LNG Limited

PETRONET traded sideways when broader markets tumbled post US Presidential election results. And yesterday, it settled 5% higher, over shadowed past couple of sessions sideways move. This clearly indicates strength, considering all, we recommend buying in mentioned range.

 

Recommendation

1/12/2016 9:48:56 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy Godrej Consumer Products Ltd For Target Rs.1625.00 - Religare sec

Godrej Consumer Products Limited

After consolidating for almost two weeks near important support levels, GODREJCP settled on strong note on 30th November on back of multi-fold volume. Considering its broader trend, we expect it will head northwards in coming sessions.

 

Recommendation

1/12/2016 9:45:54 AM | Posted in Broking Firm Views - Short Term Report read full news
Sell Hindalco Industries Ltd For Target Rs.168-160 - Reliance sec

Technical Research

* The stock reversed facing resistance of upper band of the rising channel and slipped to four days closing.

* Negative cross-over in Stochastic & RSI is signaling lack of strength in the stock at this juncture.

* As per the current daily set-up, we believe that stock will reverse down in the near-term and on

30/11/2016 10:56:49 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy Titan Industries Ltd ForTarget Rs.428.00 - Reliance sec

STOCK IN FOCUS

* Titan reported revenue, EBITDA & PAT of Rs26.4bn (down 0.7% yoy), Rs2.6bn (up 42%) & Rs1.8bn (up 23.5% yoy), respectively for 2QFY17. EBITDA grew robustly owing to increased share of studded jewellery and higher gross margins on plain gold jewellery.

* The company received encouraging response for its new jewellery co

30/11/2016 10:50:49 AM | Posted in Broking Firm Views - Short Term Report read full news
Derivative Ideas Castrol India Ltd For Target Rs.425.00 - Religare Sec

CASTROLIND added around 1.2% of open interest as fresh long positions along with some delivery based buying in previous session. On charts, it has formed a double bottom formation on intraday charts. We recommend buying CASTROLIND Dec futures as per levels given below.

 

Strategy:

BUY CASTROLIND DEC FUTS BETWEEN 398-402, SL 39

30/11/2016 10:00:19 AM | Posted in Broking Firm Views - Short Term Report read full news
Sell Andhra Bank For Target Rs.45.00 - Religare Sec

Andhra Bank

ANDHRABANK is trading weak below its important long and medium-term averages (200/100 EMA) on daily chart, indicating down trend. Its current chart pattern is not suggesting a positive reversal any time soon. Hence, we recommend short selling in mentioned range.

 

Recommendation

30/11/2016 9:58:50 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy Gail (India) Ltd For Target Rs.445.00 - Religare Sec

GAIL (India) Limited

Recently, GAIL has corrected over 10% from its 52-week high i.e. 456 levels. The profit taking halted as it found support around its 100 EMA (400) placed on daily chart. Steep bounce back has already been witnessed from those levels. Volume is also supporting up move, therefore, we believe it will head northwards in coming sessions

30/11/2016 9:55:37 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy Bharat Heavy Electricals Ltd For Target Rs.139.00 - 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 200 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 m

29/11/2016 10:32:59 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy JK Lakshmi Cement Ltd For Target Rs.550.00 - Reliance sec

STOCK IN FOCUS

* JK Lakshmi Cement (JKLC) surged over 2% in yesterday’s range-bound market on the expectations of volume recovery.

* JKLC is one of the few cement companies in Mid-Cap space, which has managed its plants well with consistent improvement in operating synergies in Northern region

* Considering the initiatives und

29/11/2016 10:27:34 AM | Posted in Broking Firm Views - Short Term Report read full news
Sell Syndicate Bank Ltd For Target Rs.60.00 - Religare sec

Syndicate Bank

SYNDIBANK is in long-term down trend, it kept trading under pressure even when other PSU banks started recovering. Considering its over all chart pattern, we do not expect rebound any time soon. Hence, we recommend traders to initiate fresh short positions as per the mentioned levels.

 

Recommendat

29/11/2016 9:43:13 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy JSW Energy Ltd For Target Rs.1900.00 - Religare sec

JSW Steel Limited

JSWSTEEL is regaining strength after consolidating near its 52-week high for almost two months. The stock moved higher in last two sessions with strong volume. This clearly indicates up side move to continue in near-term as well. Hence, we recommend buying in mentioned range.

 

Recommendation

29/11/2016 9:40:26 AM | Posted in Broking Firm Views - Short Term Report read full news
Technical Recommendation 28th November 2016

SCRIP SYMBOL - BEL

TECHNICAL RATIONALE – BEL is among very few stocks which are currently trading near their 52-week high, clearly indicate its outperformance. On Monday, i.e. 28th November, it crossed all the immediate barriers and settled after forming big green candlestick on daily chart, that over shadowed past couple of weeks indecisive move

28/11/2016 5:27:47 PM | Posted in Broking Firm Views - Short Term Report read full news