Buy KNR Constructions Ltd Ltd For Target Rs.245.00 - Reliance Sec

* KNR Constructions (KNRC) surged ~2% in yesterday’s trade on expectations of better performance ahead led by possible surge in order inflow and execution expertise.

* While KNRC’s order backlog as on 1QFY17 stands at Rs33bn (2.0x TTM revenue), it witnessed a subdued order inflow in 2HFY17 and no fresh orders were added in 1QFY18. However, it bagged an irrigation project w

17/10/2017 5:21:20 PM | Posted in Broking Firm Views - Short Term Report read full news
Buy NMDC Ltd For Target Rs.130.00 - Choice Broking

* On an hourly chart, we can see a positive crossover of the 20*50 hours exponential moving averages which suggests a north side movement in the counter.

* On a daily chart, recently the stock has retraced from 61.8% Fibonacci Retracement level of its last up move from 102.80 to 138.50 which shows bounce back move in the counter.

* Moreover, the stock has given a breakout of

17/10/2017 2:36:19 PM | Posted in Broking Firm Views - Short Term Report read full news
Buy Central Depository Services Ltd For Target Rs.428.00 - Choice Broking

* On an hourly chart, the stock has given a breakout of the neckline of its Cup & Handle Pattern with rising volume activity which may cause for an upside movement in the counter.

* Moreover, the stock has been trading as per the Momentum Triple Pattern theory which shows the bullish sentiments in the stock.

* On a daily chart, the stock has been trading above the 20 day

17/10/2017 2:26:18 PM | Posted in Broking Firm Views - Short Term Report read full news
Derivatives Ideas Ashok Leyland Ltd For Target Rs.131.40 - Religare Secs

Derivative Ideas

ASHOKLEY added around 1.7% 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 ASHOKLEY October FUTS as per levels mentioned below.

 

Strategy: Buy ASHOKLEY OCT

17/10/2017 1:03:04 PM | Posted in Broking Firm Views - Short Term Report read full news
Buy Hero MotoCorp Ltd For Target Rs.3900.00 - Religare Sec

Hero MotoCorp Limited (HEROMOTOCO)

HEROMOTOCO, after the recent profit booking, is witnessing rebound and looks upbeat for a fresh up move. Besides, the indications from the auto index are also adding to the possibility of strong surge in the auto counters in near future. Traders are advised to accumulate fresh in the given range.

 

17/10/2017 12:51:24 PM | Posted in Broking Firm Views - Short Term Report read full news
Buy Tata Communication Ltd For Target Rs.735.00 - Choice Broking

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

* Moreover, the stock has given a breakout of its downward falling trend line with above-average volume which suggests a robust upside movement in the counter.

* On a daily cha

16/10/2017 5:31:46 PM | Posted in Broking Firm Views - Short Term Report read full news
Buy Marico Ltd For Target Price Rs.338.00 - Reliance Sec

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

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

* As per the current daily set-up, we believe that stock will continue its gradual rise for the short-term, where it will fa

16/10/2017 1:25:13 PM | Posted in Broking Firm Views - Short Term Report read full news
Buy Power Grid Corporationof India Ltd For Target Rs.244 .00 - Reliance Sec

STOCK IN FOCUS

* Aided by higher capitalisation and better execution, Power Grid Corporation of India (PGCIL) has reported a strong performance on all key parameters in the last 2-3 yrs. EBITDA margin also expanded driven by better operating efficiency

* Looking ahead, we expect PGCIL’s earnings momentum to continue as it intends to com

16/10/2017 1:17:54 PM | Posted in Broking Firm Views - Short Term Report read full news
Derivatives Ideas HDFC Ltd For Target Rs.1840 - Religare Secs

Derivative Ideas

HDFC added around 5% 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 HDFC October FUTS as per levels mentioned below.

 

Strategy: Buy HDFC OCT FUTS BETWEEN 1760-1762, SL-173

16/10/2017 12:46:55 PM | Posted in Broking Firm Views - Short Term Report read full news
Buy Godrej Consumer Products Ltd For Target Rs.1020.00 - Religare Sec

Godrej Consumer Products Limited (GODREJCP)

After a strong rebound from its support zone around 885 level, GODREJCP has witnessed a marginal profit taking of late, offering fresh buying opportunity. Traders shouldn’t miss this chance and accumulate fresh in the given range.

 

16/10/2017 12:44:08 PM | Posted in Broking Firm Views - Short Term Report read full news

Buy DCB Bank Ltd For Target Rs.202.00 - Religare Sec

DCB Bank Limited (DCBBANK)

DCBBANK has been witnessing correction and formed a base after consolidating around the support area of multiple moving averages on daily chart. We expect fresh breakout in the near future so traders should accumulate in the given range.

 

16/10/2017 12:38:18 PM | Posted in Broking Firm Views - Short Term Report read full news

Derivatives Ideas HDFC Ltd For Target Rs.1840 - Religare Secs

Strategy - HDFC added around 5% 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 HDFC October FUTS as per levels mentioned below.

 

Strategy - Buy HDFC OCT FUTS BETWEEN 1760-1762, SL-173

14/10/2017 11:11:59 AM | 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 9930 and Banknifty futures is at 24200.

*  Call writing was seen at Nifty 10400 strike and Put writing was seen at Nifty 10100 strikes.

*  Maximum positions are at 10200 CE and 10000 PE. Nifty is expected to be in the range of 9800-10400.<

14/10/2017 11:04:55 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy Bharat Electronics Ltd For Target Rs.180.00 - Choice Broking

* On an hourly chart, we can see a positive crossover of the 20*50 hours exponential moving average which is leading the stock in a northward direction.

* Moreover, the stock has given a breakout of its Upper leg of Ascending Triangle formation which is considered as a bullish formation and indicates an upside movement.

*  On a daily chart, the stock has been continuous

13/10/2017 3:20:49 PM | Posted in Broking Firm Views - Short Term Report read full news
Buy Radico Khaitan Ltd For Target Rs.215.00 - 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 stock.

* On a daily chart, the stock has given a breakout of its last strong distribution level and made a fresh 52-week high level with healthy volume activity which indicates a robust upside move in the counter.

13/10/2017 3:12:32 PM | Posted in Broking Firm Views - Short Term Report read full news
Buy Marico Ltd For Target Price Rs.338.00 - Reliance Sec

* Marico moved upwards after taking support of prior reversal point and later the stock rose to 13-day closing high..

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

*  As per the current daily set-up, we believe that stock will continue its gradual rise for the short-term, where it

13/10/2017 3:01:25 PM | Posted in Broking Firm Views - Short Term Report read full news
Buy HDFC Bank Ltd For Target Rs.1,940 .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% Yo

13/10/2017 2:53:38 PM | Posted in Broking Firm Views - Short Term Report read full news
Derivative Ideas Motherson Sumi Systems Ltd For Target Rs.385 - Religare Sec

Derivative Ideas

MOTHERSUMI has seen huge long build up in the oct futures. Good delivery based buying seen couple of day and good follow up buying might take the stock towards 385 in the short term.

Strategy: Buy Mothersumi in cash @359 sloss at 347 ,target 385.

 

To Read Complete Report & Discl

13/10/2017 12:22:46 PM | Posted in Broking Firm Views - Short Term Report read full news
Sell Cummins India Ltd For Target Rs.880.00 - Religare Sec

CUMMINSIND has been trading sideways for last two months and failed to cross the resistance around 950 despite multiple attempts. The recent indications are pointing towards fresh fall in near future thus we advise traders to use any technical bounce to initiate fresh short in the given range.

 

13/10/2017 12:17:42 PM | Posted in Broking Firm Views - Short Term Report read full news

Buy Aurobindo Pharma Ltd For Target Rs.780.00 - Religare Sec

Aurobindo Pharma Limited (AUROPHARMA)

Unlike majority of pharma counters, AUROPHARMA has been consolidating in a boarder range while sustaining above the support area of multiple moving averages on the daily chart. After spending nearly three months, it now looks all set for a breakout. Traders shouldn’t miss this chance and accumulate fresh in

13/10/2017 12:11:16 PM | Posted in Broking Firm Views - Short Term Report read full news
Buy Intellect Design Arena Ltd For Target Rs.160.00 - Choice Broking

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

* On a daily chart, the stock has given a breakout of the neckline of its Cup & Handle formation with above average volume which indicates a robust upside move in the counter.

*  Moreover, recently the stock has taken a support

12/10/2017 6:00:34 PM | Posted in Broking Firm Views - Short Term Report read full news
Sell Grasim Industries Ltd For Target Rs.1040.00 - Choice Broking

* On an hourly chart, we can see a bearish trend in the counter as 20-50-100 hourly exponential moving averages are in a declining order and the stock is trading below these averages.

* On a daily chart, the stock has faced a strong resistance at the confluence of its 20 & 50 days exponential moving averages which indicate a weakness in the counter.

* On a weekly chart,

12/10/2017 5:20:57 PM | Posted in Broking Firm Views - Short Term Report read full news
Buy Peninsula Land Ltd For Target Rs.29.00 - Choice Broking

* On an hourly chart, the stock has started to trade as per the Momentum Triple Pattern Theory which indicates that the trend is up and the stock could further accelerate its upside movement.

* On a daily chart, recently the stock has taken a support of its 20 days exponential moving average which shows bounce back move in the counter.

* On a weekly chart, the stock has been

12/10/2017 5:13:42 PM | Posted in Broking Firm Views - Short Term Report read full news
Buy Apollotyre Ltd For Target Rs.7.00 - Religare Sec

Derivative Ideas

APOLLOTYRE added around 5.2% in open interest as fresh short positions. Current chart pattern too indicate more fall in price. We suggest buying APOLLOTYRE October put options as per levels mentioned below.

 

Strategy: Buy APOLLOTYRE OCT 235PE BETWEEN 4-4.10, SL-2.70, TGT-7

 

12/10/2017 12:39:12 PM | Posted in Broking Firm Views - Short Term Report read full news