Sell Bharat Heavy Electricals Ltd For Target Rs.112.00 - Religare Sec

Bharat Heavy Electricals Limited

BHEL settled at day’s high yesterday i.e. 27th December despite weak trend. This up move was mainly on account of buying witnessed across the board. As its over all trend is weak; we believe, further bounce should be a good opportunity to create fresh short positions.

 

Reco

28/12/2016 10:45:23 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy Indusind Bank Ltd For Target Rs.1,447.00 - Reliance Sec

STOCK IN FOCUS

* Indusind Bank Ltd has demonstrated strong performance in 2QFY17 led by the robust growth in balance sheet, best in class NIM’s of 4% coupled with consistent improvement on all major assets quality parameters

* We expect the bank performance to be positively impacted in medium to long run due to ongoing demonetization

28/12/2016 10:42:12 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy Century Textiles & Industries Ltd For Target Rs.880.00 - Religare Sec

Century Textiles & Industries Limited

CENTURYTEX registered fresh breakout post consolidating for almost two weeks in a narrow range just below its 100 EMA level. The up move was supported by strong volume indicating buyer’s interest at current levels. Hence; we believe, it will edge higher in the coming sessions as well.

 

28/12/2016 10:39:21 AM | Posted in Broking Firm Views - Short Term Report read full news
Technical Recommendation 27th December 2016

SCRIP SYMBOL - IGL

TECHNICAL RATIONALE – IGL is among the few stocks which has been inching higher despite negative market sentiment and profit-taking across the board. It has recently witnessed upside breakout from consolidation range on daily chart and made a new record high. Put together, it looks strong on chart and can be accumulated fresh i

27/12/2016 11:27:55 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy Hindustan Unilever Ltd For Target Rs.845-860 - Reliance Sec

Technical Research

* The stock reversed forming Double Bottom pattern around Rs780 and with its second consecutive up tick rose to five days closing high.

* Positive cross-over in Stochastic & RSI is signaling strength in the stock, which we believe will help it to recover prior loss.

* On the higher side, the stock will face ma

27/12/2016 10:42:22 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) outperformed benchmark Nifty by 3%.

* We believe that the initiatives undertaken to improve Durg plant’s operations amid favourable demand scenario in key markets will ensure JKLC to generate sound profitability.

* Further, clarity given by JKLC to bridge the clinker gaps in due course

27/12/2016 10:38:50 AM | Posted in Broking Firm Views - Short Term Report read full news
Derivative Ideas Bank Nifty For Target Rs.10.00 - Religare Sec

Bank nifty has seen put writing at 17400 strike and call writing seen at 18000 strike.Some fresh short build up was seen in banknifty dec futures in Monday’s trading session,we expect Bank nifty to be in 17500-18100 in the short term.

 

Strategy:

Sell 29 dec bank nifty dec 17200pe@16 and 18100ce@10 ,net prem at 26 sloss a

27/12/2016 9:47:03 AM | Posted in Broking Firm Views - Short Term Report read full news
Sell Titan Company Ltd For Target Rs.278.00 - Religare Sec

Titan Company Limited

We reiterate sell call of TITAN as it was not initiated in previous trading session.

 

Recommendation

Sell Titan Company Limited  December Future @ 308-310 Stoploss 323 Target 278 CMP 307.25

27/12/2016 9:45:02 AM | Posted in Broking Firm Views - Short Term Report read full news

Buy Hindustan Unilever Ltd For Target Rs.830.00 - Religare Sec

Hindustan Unilever Limited

After forming series of red candlesticks and steep decline from 847 till 782 levels, HINDUNILVR settled on strong note yesterday, i.e. 26th December, near day’s top. This has completely over shadowed past couple of sessions decline. This up move has raised hopes of a possible bullish reversal. Hence, we advocate buying

27/12/2016 9:42:21 AM | Posted in Broking Firm Views - Short Term Report read full news
Sell Oil India Ltd For Target Rs.410-405 - Reliance Sec

Technical Research

* The stock is facing continuous pressure making lower tops in the last one week to close at the low point of the week.

* The key technical indicators and RSI are trading at the higher band confirming the resistances at current levels to correct to its medium term averages on weekly charts.

* The stock has closed

26/12/2016 10:40:34 AM | Posted in Broking Firm Views - Short Term Report read full news
Derivative Ideas Bank Nifty For Target Rs.12.00 - Religare Sec

Bank nifty has seen put writing at 17500 strike and call writing seen at 18200 strike.Some short covering was seen in banknifty dec futures in Friday’s trading session,we expect Bank nifty to be in 17700-18200 in the short term.

 

Strategy:

Sell bank nifty dec 17400pe@15 and 18300ce@15 ,net prem at 30 sloss at 44,target 1

26/12/2016 10:36:53 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy Cipla Ltd For Target Rs.620.00 - Reliance Sec

STOCK IN FOCUS

* On Friday, Cipla outperformed sectoral index Nifty-Pharma and benchmark index Nifty-50 by on an average 3.5%, after it received UKMHRA approval for its gSereflo which validates it’s strong respiratory franchise. We expect US$ 30-35mn annual sales with higher margin.

* Cipla received EIR (Establishment Inspection Report)

26/12/2016 10:35:06 AM | Posted in Broking Firm Views - Short Term Report read full news
Sell Titan Company Ltd For Target Rs.290.00 - Religare Sec

Titan Company Limited

TITAN is in long-term down trend and is trading weak below its 100/200 EMA from quite a while. Its weekly chart suggests it is set for fresh break down from selling pivot. Considering all, we recommend short selling this stock at a rise.

 

Recommendation

Sell Tita

26/12/2016 10:31:32 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy TVS Motor Company Ltd For Target Rs.400.00 - Religare Sec

TVS Motor Company Limited

TVSMOTOR is the best performing stock within the two-wheeler auto space. Much bigger players like HEROMOTOCO and BAJAJ-AUTO are trading below 100/200 EMA’s whereas it is firmly standing tall above the same. Its current chart pattern clearly suggest it is all set for fresh breakout towards 400 levels.

 

26/12/2016 10:28:20 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 8148 and Banknifty futures is at 18380.

*  Call writing was seen at Nifty 8100 & 8200 strikes, Put writing was seen at 7900 & 7950 strikes.

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

*  Ni

24/12/2016 4:00:19 PM | Posted in Broking Firm Views - Short Term Report read full news
Sell Rural Electrification Corporation Ltd For Target Rs.118-120 - Reliance Sec

Technical Research

* The stock is making lower tops after forming a double top pattern at 140 resisting to cross the short term averages.

* The key technical indicators and RSI has also reversed turning downwards and as the stock is in poised for a breakdown from current levels.

* The stock has closed below its short term averages c

23/12/2016 11:29:31 AM | Posted in Broking Firm Views - Short Term Report read full news
Positive On Bajaj Auto Ltd For Target Rs.2,996.00 - Reliance Sec

STOCK IN FOCUS

* We continue to appreciate BAL’s strategy to focus on premium motorcycle segment.

* Despite weakness in the export market, Bajaj Auto (BAL) has been successfully maintaining EBIDTA margin in high trajectory due to its strong product mix.

* In order to partially offset the impact of rising input costs and upgrad

23/12/2016 11:25:08 AM | Posted in Broking Firm Views - Short Term Report read full news
Sell Larsen & Toubro Ltd For Target Rs.1250.00 - Religare Sec

Larsen & Toubro Limited

LT is trading weak below its important moving averages (100/200 EMA) from past couple of weeks, indicating down trend. Yesterday, too it traded with negative bias and settled at day’s low. All this goes to show bearish bias is here to last and the stock will more likely head southwards in coming sessions.

&nb

22/12/2016 11:17:24 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy CESC Ltd For Target Rs.660.00 - Religare Sec

CESC Limited

We reiterate buy call of CESC as it was not initiated in previous trading session.

 

Recommendation

Buy CESC Limited @ 615-620 Stoploss 600 Target 660 CMP 622.65 

22/12/2016 11:13:40 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy Aditya Birla Nuvo Ltd For Target Rs.1300.00 - Reliance Sec

Technical Research

* The stock has formed good base around its 61.8% Fibonacci Retracement level of prior up-move (Rs1125-1301).

* Positive cross-over in RSI & rise in Stochastic from its oversold zone is signaling strength in the stock, which will help it to utilize recent base formation and recover prior loss with a decent up-move.

22/12/2016 10:42:13 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy Coal India Ltd For Target Rs.319.00 - Reliance Sec

STOCK IN FOCUS

* We believe that CIL’s current stock price has discounted decline in e-auction coal prices.

* On account of sharp decline in e-auction price, higher-thanexpected employee cost and other expenses, net profit of Coal India (CIL) fell by 77% yoy in 2QFY17. In line with our estimate, its consolidated net sales stood at Rs174

22/12/2016 10:37:27 AM | Posted in Broking Firm Views - Short Term Report read full news
Derivative Ideas Bank Nifty For Target Rs.150.00 - Religare Sec

BANKNIFTY added around 17.30% of open interest as short positions. Call writing was seen at out the money strikes. We recommend doing a put bear spread as per levels given below.

 

Strategy:

BUY BANKNIFTY 18000 PE AT 108-110 & SELL 17500 PE @ 26-28, NET PREMIUM RECEIVED 82, SL 50, TARGET 150.

 

To

21/12/2016 10:57:16 AM | Posted in Broking Firm Views - Short Term Report read full news
Sell IRB Infrastructure Developers Ltd For Target Rs.185.00 - Religare Sec

IRB Infrastructure Developers Ltd

IRB, after the recent slide, is now witnessing some rebound and has reached closer to resistance zone. Use this bounce to initiate fresh shorts in the given range.

 

Recommendation

Sell IRB Infrastructure Developers Ltd December Future @ 200-202 S

21/12/2016 10:55:36 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy CESC Ltd For Target Rs.660.00 - Religare Sec

CESC Limited

CESC has been holding strong and gradually inching northward despite weak market conditions, indicating its strength. Its recent consolidation is offering fresh opportunity to enter.

 

Recommendation

Buy CESC Limited @ 615-620 Stoploss 600 Target 660 CMP 620.75

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21/12/2016 10:51:14 AM | Posted in Broking Firm Views - Short Term Report read full news