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
Buy UPL Ltd For Target Rs.670.00 - Reliance sec

Technical Research

* The stock slipped to Rs584 from the all-time-high Rs731 in less than a month amidst higher level profit booking, but later it reversed taking support of its 61.8% Fibonacci retracement level of prior up-move, which begun from Rs490 in the month of June 2016.

* Rise in RSI from bull market support zone (40-33) is signaling

28/11/2016 10:27:13 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy JSW Energy Ltd For Target Rs.72.00 - Reliance sec

STOCK IN FOCUS

* JSW Energy stands lower in fuel security due to high exposure to merchant market and excessive dependence on imported coal.

* JSWEL is also facing headwinds from recent sharp rise in thermal coal prices.

* Despite these headwinds, we expect demand to revive in 2HFY17E in south as the demand has been low in last few

28/11/2016 10:23:37 AM | Posted in Broking Firm Views - Short Term Report read full news
Sell Bharti Infratel Ltd For Target Rs.330.00 - Religare sec

Bharti Infratel Limited

INFRATEL is trading sideways, in an indecisive manner below its 100/200 EMA’s from past couple of weeks. This clearly indicates weakness and lack of traders interest. Hence, it is more likely it will head southwards in coming sessions.

 

Recommendation

Sel

28/11/2016 9:49:43 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy Biocon Ltd For Target Rs.960.00 - Religare Sec

Biocon Limited

After trading with bearish bias for nearly a month, BIOCON seems to have formed base around its 100 EMA support on daily chart placed around 850 levels. This is a positive development and we believe, it will trade with bullish bias till it is trading above that level.

 

Recommendation

28/11/2016 9:46:11 AM | Posted in Broking Firm Views - Short Term Report read full news
Accumulate Jain Irrigation Systems Ltd For Target Rs.105.00 - Religare Sec

Investment Rationale

* Incorporated in 1986, Jain Irrigation Systems Ltd (JISL) is India’s leading player in organized micro irrigation sector, commanding a market share of 55%. The company is engaged in manufacturing of micro irrigation systems (MIS), PVC pipes, HDPE pipes, plastic sheets, agro processed products, renewable energy solutions, tis

26/11/2016 10:44:05 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy Adani Ports & Special Economic Zone Ltd For Target Rs.20.00 - Religare Sec

Strategy:-

ADANIPORTS added around 11% of open interest as fresh long positions with marginal increase in premium. It has created a fresh buying pivot on daily as well as on intraday charts, it also has a strong price support at 250 levels and 200 EMA is placed around 255 levels. We recommend doing a bull spread in Adaniports.

 

26/11/2016 10:25:38 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 8025 and Banknifty futures is at 18550.

* Call writing was seen at Nifty 8300 & 8400 strikes, Put writing was seen at 8000 strike.

* In options, highest positions are at 8500 CE and 8000 PE.

* Nifty is expected to be in the range of 7900

26/11/2016 10:20:41 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy ACC Ltd For Target Rs.1400.00 - Reliance Sec

Technical Research

* The stock has made a strong bottom in the last few days with strong volumes and positive price action after falling from the high of 1724 levels it made in August 2016.

* Stock Stochastic & RSI are also coinciding with our view, as both the indicators are in bullish mode on daily charts.

* There is strong tr

25/11/2016 5:16:49 PM | Posted in Broking Firm Views - Short Term Report read full news
Buy Infosys Ltd For Target Rs.1,140.00 - Reliance sec

STOCK IN FOCUS

* Infosys’ stock rose 1.3% in yesterday’s trade, against a 0.7% decline recorded by the BSE Sensex.

* Infosys’ revenue growth momentum was robust at 3.4% qoq in 2QFY17; YoY volume saw the 8th successive quarter of double digit growth, suggesting healthy underlying growth momentum.

* Infosys won US$1.

25/11/2016 5:13:15 PM | Posted in Broking Firm Views - Short Term Report read full news
Derivative Ideas Tvs Motor Company Ltd For Target Rs. 385.00 - Religare Sec

TVSMOTOR added 14% of open interest as long positions. Daily vwap is around 350 levels. On charts, it has witnessed congestion zone breakout on the higher side on daily charts. We suggest doing a covered call as per levels given below.

 

Strategy:

BUY TVSMOTOR DEC FUTURES BETWEEN 348-350 & SELL 370 DEC CE BETWEEN 7-9, SL 3

25/11/2016 11:59:25 AM | Posted in Broking Firm Views - Short Term Report read full news
Sell IDBI Bank Ltd For Target Rs.60.00 - Religare Sec

IDBI Bank Limited

IDBI is trading sideways in an indecisive manner from past couple of weeks. It is currently trading below the confluence zone of its 50/100/200 EMA’s on daily chart, indicating down trend. Considering current market situation and its over all chart patter, we believe, it will trade with bearish bias, at least in the near-term.

25/11/2016 11:53:26 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy NMDC Ltd For Target Rs.130.00 - Religare Sec

NMDC Limited

NMDC has corrected over 15% from its 52-week high (142.50). The ongoing profit taking phase seems to have halted as it has recovered sharply from its 100 EMA (110) support levels. Hence, we strongly believe, bullish bias will persist till it is trading above that level.

 

Recommendation

25/11/2016 11:31:30 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy Ambuja Cements Ltd For Target Rs.215.00 - Reliance sec

Technical Research

* The stock has corrected sharply in the last one quarter from the high of 282 levels. Stock has made a strong bottom in the last few days with strong volumes and positive price action.

* Stochastic & RSI are also coinciding with our view, as both the indicators are in bullish mode.

* However in case of major

24/11/2016 10:42:35 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy Sun Pharmaceutical Industries Ltd For Target Rs.947.00 - Reliance Sec

STOCK IN FOCUS

* Sun Pharmaceutical Industries (SUNP) is the largest Indian pharmaceutical player in the US market with presence niche segments.

* Robust Earnings & Return Ratios: SUNP has best-in-class franchise, superior returns ratios and strong execution skills.

* It has consistently moved up in the value chain over past few

24/11/2016 10:39:07 AM | Posted in Broking Firm Views - Short Term Report read full news
Derivative Ideas Glenmark Pharmaceuticals Ltd For Target Rs.960.00 - Religare Sec

GLENMARK added 32% of open interest as fresh long positions. It has rolled 49% into December series so far. Daily vwap is around 900 levels. On charts, it is trading on verge of congestion zone breakout and also trading above important short term as well as long term moving averages on charts. We recommend buying December futures as per levels given below.

 

24/11/2016 9:55:14 AM | Posted in Broking Firm Views - Short Term Report read full news
Sell PTC India Ltd For Target Rs.63.00 - Religare Sec

PTC India Limited

PTC is trading weak below its important long and medium-term averages (200/100 EMA) from past couple of weeks, indicating down trend. Its current chart is suggesting possibility of a minor pull back, but that should be considered for initiating fresh shorts as its over all trend is still weak.

 

24/11/2016 9:52:52 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy Oil and Natural Gas Corporation Ltd For Target Rs.300.00 - Religare sec

Oil & Natural Gas Corporation Limited

ONGC is in long-term up trend and is maintaining positive bias even in current market situation where broader markets are struggling. It looks upbeat at current juncture and is set for fresh up move towards its 52-week high, which is around 300 levels.

 

Recommendation

24/11/2016 9:48:30 AM | Posted in Broking Firm Views - Short Term Report read full news
Derivative Ideas Vedanta Ltd For Target Rs.7.50 - Religare Sec

VEDL added around 34.30% of open interest as fresh long positions along with some delivery based buying. Daily vwap is around 204 levels. On charts, it has created a fresh buying pivot on daily as well as on intraday charts and it is also trading in higher highs—higher lows formation above short term as well as long term moving averages. We recommend buying Nov 205 CE as per levels given

23/11/2016 11:02:16 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy Ambuja Cements Ltd For Target Rs.215.00 - Reliance Sec

Technical Research

* The stock has corrected sharply in the last one quarter from the high of 282 levels. Stock has made a strong bottom in the last few days with strong volumes and positive price action.

* Stochastic & RSI are also coinciding with our view, as both the indicators are in bullish mode.

* However in case of major

23/11/2016 11:00:09 AM | Posted in Broking Firm Views - Short Term Report read full news
Sell BEML Ltd For Target Rs.700.00 - Religare Sec

BEML Limited

BEML is trading weak and under performing broader markets from past one and half year. Yesterday, i.e. 22nd November, it closed below important support (800). Sustainability below crucial averages (100/200 EMA) and decline below important supports further strengthens negative bias. Hence, we advocate short selling in mentioned range.

23/11/2016 10:55:37 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy Tata Motors Ltd For Target Rs.566.00 - Reliance sec

STOCK IN FOCUS

* Tata Motors (TML) M&HCV export segment is expected to contribute 25% to its total revenue from CV segment over the period.

* The company plans to improve its positioning in the domestic PV market via launch of new products.

* In JLR business, new product’s life cycle is opening up.

* New launches

23/11/2016 10:48:31 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy The Ramco Cements Ltd For Target Rs.605.00 - Religare Sec

The Ramco Cements Limited

RAMCOCEM was trading with negative bias from past couple of weeks, the ongoing profit taking halted on Monday (21st Nov) as it found support from its 200 EMA placed on daily chart. On 22nd November, bounce back was witnessed on back of strong volume, this clearly indicates buyers interest at current levels.

 

23/11/2016 10:45:16 AM | Posted in Broking Firm Views - Short Term Report read full news