Buy Bharat Electronics Ltd For Target Rs.188.00 - Religare Sec

Bharat Electronics Limited

BEL has retraced closer to its immediate support zone of short term moving averages on the daily chart due to profit taking from the record high. It has spent nearly two weeks around that zone and likely to witness strong surge in near future.

8/06/2017 11:48:39 AM | Posted in Broking Firm Views - Short Term Report read full news

Derivative Ideas Mahanagar Gas Ltd For Target Rs.1,040.00 - Religare Sec

Derivative Ideas

MGL added around 11% of open interest as fresh long positions along with some delivery based buying in previous sessions. Current chart pattern too indicate fresh surge in prices. We suggest buying MGL June futures as per levels mentioned below.

 

Strategy:

7/06/2017 12:31:24 PM | Posted in Broking Firm Views - Short Term Report read full news
Buy Gujarat State Petronet Ltd For Target Rs.192.00 - Religare Sec

Gujarat State Petronet Limited

Post breakout from its congestion zone that lasted for almost a month, GSPL has taken a pause before further rise in near future. We feel it’s a healthy sign where traders can accumulate fresh long position in given range.

7/06/2017 12:27:02 PM | Posted in Broking Firm Views - Short Term Report read full news

Buy Chennai Petroleum Corporation Ltd For Target Rs.420.00 - Religare Sec

Chennai Petroleum Corporation Limited

After a marginal profit taking from its record high, CHENNPETRO has rebounded swiftly from the support zones of its moving averages and price support on daily chart. At current juncture, it has formed a fresh buying pivot indicating strong upside move in near future.

7/06/2017 12:22:37 PM | Posted in Broking Firm Views - Short Term Report read full news

Technical Recommendation 6th June 2017

SCRIP NAME AND SYMBOL - V-Guard Industries Limited 

TECHNICAL RATIONALE – After hovering in a narrow range (175-187) for last seven days near to its support zone, VGUARD has witnessed upside breakout from the said congestion zone. Considering its trend and chart formation, we suggest traders to initiate fresh long in the giv

6/06/2017 5:28:15 PM | Posted in Broking Firm Views - Short Term Report read full news
Derivative Ideas NBCC (India) Ltd For Target Rs.212.00 - Religare Sec

Derivative Ideas

NBCC added around 16.6% of open interest as long positions along with some delivery based buying on previous session. On charts, it has witnessed trend line breakout with noticeable rise in volumes on daily charts. Hence, we suggest buying NBCC as per levels given below.

 

Strate

6/06/2017 12:02:40 PM | Posted in Broking Firm Views - Short Term Report read full news
Buy Jet Airways Ltd For Target Rs.540.00 - Religare Sec

Jet Airways (India) Limited

JETAIRWAYS has registered a fresh breakout on 5th June from its congestion zone that lasted for almost nine trading sessions. Current chart patterns look upbeat and indicating further rise from the current levels. Hence, we suggest traders to initiate fresh longs as per the mentioned levels.

6/06/2017 11:58:48 AM | Posted in Broking Firm Views - Short Term Report read full news

Buy Vedanta Ltd For Target Rs.250.00 - Reliance Se

* Vedanta Ltd has witnessed sharp decline from its 52-week high of Rs262.5, but after that fall the stock is consolidating in Rs245-218 range, which is 23.6% and 61.8% Fibonacci Retracement level of prior up-move (from Rs191.3 to 262.5) respectively.

* Due to consolidation in the stock, key technical indicators are also stuck in narrow range.

* As per the current daily set-u

5/06/2017 5:56:09 PM | Posted in Broking Firm Views - Short Term Report read full news
Buy Sonata Software Ltd For Target Rs.177.00 - Reliance Se

STOCK IN FOCUS

* Sonata Softwares stock price rose 3.7% in Thursday’s trade, while the BSE Sensex rose by 0.4%.

* Sonata’s 4QFY17 IITS USD revenue rose 1.3% QoQ.

* A key positive sign was healthy growth in the Travel vertical, with revenue up by a strong 5.2% QoQ.

* The Rezopia platform was a strong grwoth driv

5/06/2017 5:50:59 PM | Posted in Broking Firm Views - Short Term Report read full news
Buy V-Guard Industries Ltd For Target Rs.196.00 - Religare Sec

V-Guard Industries Limited

After a sharp up move in price, VGUARD has witnessed marginal profit taking from its 52-week high, and now consolidating in narrow range near to its support zone. We feel this is a healthy pause to initiate fresh longs in the given range.

5/06/2017 11:52:41 AM | Posted in Broking Firm Views - Short Term Report read full news

Buy Sun TV Network Ltd For Target Rs.910.00 - Religare Sec

Sun TV Network Limited

Post decline from its record high, SUNTV has registered a fresh buying pivot on 2nd June, after hovering in narrow range near to its short term moving averages on daily chart. Hence, we advocate buying this stocks as per mentioned levels.

5/06/2017 11:48:22 AM | Posted in Broking Firm Views - Short Term Report read full news

Buy Yes Bank Ltd For Target Rs.1,560.00 - Religare Sec

Strategy:-

YESBANK added around 10% of open interest as fresh long positions. On charts, it has rebounded from 50% Fibonacci retracement levels of last upmove from 1090 to 1650. At current juncture, it is trading on verge of breakout from Inverted Head & Shoulder pattern on intraday charts. Hence, we suggest doing a covered call i

3/06/2017 5:53:24 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 9500 and Banknifty futures is at 23025.

* Nifty and Banknifty futures closed with discount of around 8 & 38 points respectively (discount is mainly on account of dividend declared during quarterly results).

* Nifty put writing was seen at 9600 strike, c

3/06/2017 5:48:26 PM | Posted in Broking Firm Views - Short Term Report read full news
Buy Emami Ltd For Target Rs.1,260.00 - Religare Sec

Emami Ltd

Investment Rationale

* Emami is one of the leading players in the personal & healthcare consumer products industry in India, with portfolio of household brand names such as BoroPlus, Navratna, Fair & Handsome, Zandu Balm, Mentho Plus Balm and Fast Relief. It has a portfolio of over 300 produ

2/06/2017 5:53:33 PM | Posted in Broking Firm Views - Short Term Report read full news
Derivative Ideas Engineers India Ltd For Target Rs.170.00 - Religare Sec

Derivative Ideas

ENGINERSIN added around 2.5% of open interest as long positions along with some delivery based buying in previous sessions. On charts, it is holding above important price support of 154-156 levels on daily charts and also closed above past five days congestion zone. We suggest buying ENGINERSIN June futures as per leve

2/06/2017 2:20:41 PM | Posted in Broking Firm Views - Short Term Report read full news
Buy Hindustan Construction Company Ltd For Target Rs.44.50 - Religare Sec

Hindustan Construction Company Limited

After a marginal profit taking from its 52 week high, HCC has rebounded from its important price support of 38-39 levels on daily chart. It has formed a buying pivot near above mentioned price support zone and looks all set for a fresh surge in near future.

2/06/2017 2:17:23 PM | Posted in Broking Firm Views - Short Term Report read full news

Buy Gujarat State Fertilizers and Chemicals Ltd For Target Rs.142.00 - Religare Sec

Gujarat State Fertilizers & Chemicals Limited

GSFC has witnessed price correction on profit taking from its 52 weeks highs. Stock has created a buying pivot near its important price support on daily charts. It is also trading above its short term as well as long term moving averages in higher highs– higher lows formation on daily charts. Henc

2/06/2017 2:09:17 PM | Posted in Broking Firm Views - Short Term Report read full news
Buy CHOLAFIN Ltd For Target Rs.1,100 - Religare Sec

Derivative Ideas

CHOLAFIN added around 10% of open interest as fresh long positions along with some delivery based buying in previous sessions. Daily vwap is around 1025 levels. On charts, it is holding above important 200 EMA on daily charts. Keeping in mind long buildup along with delivery buying around important support levels, we s

1/06/2017 11:39:23 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy Tata Chemicals Ltd For Target Rs.650.00 - Religare Sec

Tata Chemicals Limited (TATACHEM)

TATACHEM has formed a fresh buying pivot on daily chart after a marginal profit taking from its record high. Keeping in the mind the overall trend and chart formation, it’s likely to resume its prevailing uptrend in near future.

1/06/2017 11:36:20 AM | Posted in Broking Firm Views - Short Term Report read full news

Buy Muthoot Finance Ltd For Target Rs.440.00 - Religare Sec

Muthoot Finance Limited (MUTHOOTFIN)

MUTHOOTFIN has posted a fresh breakout on 31st May, after hovering in a narrow range for almost a month near to its short term moving averages on daily chart. The chart formation supported with decent rise in volume clearly indicating strong surge in near future.

1/06/2017 11:30:50 AM | Posted in Broking Firm Views - Short Term Report read full news

Buy Ambuja Cements Ltd For Target Rs.255.00 - Religare Sec

Derivative Ideas

AMBUJACEM added around 4.80% of open interest as fresh long positions. Daily vwap is around 242 levels. On charts, it has bounced back from 200 EMAs on daily charts. Keeping in mind the long buildup around support levels, we suggest buying AMBUJACEM June futures as per levels given below.

 

31/05/2017 9:55:17 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy Siemens Ltd For Target Rs.1,460.00 - Religare Sec

Siemens Limited (SIEMENS )

SIEMENS has retraced marginally from the top and currently consolidating near to its short term moving averages on the daily chart. The overall chart structure is still bullish and we expect swift rebound in near future.

31/05/2017 9:52:32 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy Hero MotoCorp Ltd For Target Rs.120.00 - Religare Sec

Derivative Ideas

HEROMOTOCO added around 5% of open interest as fresh long positions along with some delivery based buying in previous session. Daily vwap is around 3660 levels. On charts, it is trading above important short term as well as long term moving averages on daily charts in higher highs—higher lows formation. It is als

30/05/2017 11:37:52 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy Indian Oil Corporation Ltd For Target Rs.398.00 - Religare Sec

Indian Oil Corporation Limited (IOC)

IOC has been witnessing profit taking, after failed to cross the hurdle around 450 after multiple attempts and likely to retrace further. Traders can use any bounce to initiate fresh shorts in the given range.

30/05/2017 11:35:16 AM | Posted in Broking Firm Views - Short Term Report read full news