Buy Arvind Ltd For Target Rs.393.00 - Reliance Se

* The stock has seen a decent correction from the high of 425 levels and consistently making higher bottoms after touching the boettom at 352 levels.

* The key technical indicators and RSI has also rversed turning upwards and as the stock is in poised for a breakout from current levels.

* The stock is consistently trading above its short term averages in the past few days, a

21/08/2017 4:46:27 PM | Posted in Broking Firm Views - Short Term Report read full news
Buy Hindustan Unilever Ltd For Target Rs.1,296.00 - Reliance Se

STOCK IN FOCUS

* Hindustan Unilever closed 2.1% up in trade today at Rs1202 compared to 0.7% fall in the benchmark Nifty.

* Notwithstanding trade inventory correction due to GST, HUL reported a robust growth of 5% in revenues and 14.6% growth in net profits in 1QFY18.

* Continued focus on premiumization, strong new product funnel, c

21/08/2017 4:41:04 PM | Posted in Broking Firm Views - Short Term Report read full news
Sell NCC Ltd For Target Rs.80.80 - Choice Broking

* On an hourly chart, we can see a bearish trend in the counter as 21-50-100 hourly exponential moving averages are in a declining order and the stock is trading below the averages.

* On a daily chart, recently the stock has faced a strong resistance of its 21 days moving average which shows weakness in the counter.

* Moreover, the stock has been trending with its downward s

21/08/2017 4:17:46 PM | Posted in Broking Firm Views - Short Term Report read full news
Buy RBL Bank Ltd For Target Rs.550.00 - Religare Sec

RBL Bank Limited

After consolidating in a broader range for almost two months, RBLBANK has formed a fresh buying pivot on daily chart and is all set for a fresh strong surge ahead. Traders are advised to go long in the mentioned range.

21/08/2017 1:34:30 PM | Posted in Broking Firm Views - Short Term Report read full news

Buy Hindustan Unilever Ltd For Target Rs.1,350.00 - Choice Broking

* Unilever (HUL) is India's largest fast moving consumer goods company, with leadership in Home & Personal Care Products and Foods & Beverages. HUL's brands, spread across 20 distinct consumer categories, touch the lives of two out of three Indians.

* In 1931, Unilever set up its first Indian subsidiary, Hindustan Vanaspati Manufacturing Company, followed by Lever Brot

19/08/2017 5:15:10 PM | Posted in Broking Firm Views - Short Term Report read full news
Derivative Ideas Nifty For Target Rs.48.00 - Religare Sec

Strategy:-

Nifty future has witnessed fresh long liquidation at upper levels of 9900, some short build up was also seen in yesterdays trading session. Huge call writing also seen at 9900 strike, we expect Nifty to be in 9900-9600 range in the short term.

 

Strategy:

BUY NIFTY 9600PE@1

19/08/2017 12:17:35 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 9960 and Banknifty futures is at 24460.

* Call writing was seen at Nifty 9900 strike and 10000 strikes.

* Maximum positions are at 10000 CE and 9800 PE. Nifty is expected to be in the range of 9600-9900.

* Infrastructure, Telecom & Metals st

19/08/2017 12:16:02 PM | Posted in Broking Firm Views - Short Term Report read full news
Buy Bombay Rayon Fashions Ltd For Target Rs.153.00 - Choice Broking

* On a daily chart, the stock has tested a strong support at 131 level and given a positive bounce back move with healthy volume activity which indicates an upside move in the counter.

* Moreover, the stock has breached above the 20-50-100 days moving averages with forming a strong bullish candlestick which is a positive sign for an upward move.

* A daily momentum indicator

18/08/2017 4:52:51 PM | Posted in Broking Firm Views - Short Term Report read full news
Buy Bhansali Engineering Polymers Ltd For Target Rs.95.00 - Choice Broking

* On a daily chart, the stock has been trending as per the momentum triple pattern theory which shows a bullish trend in the counter.

* Moreover, the stock has been trading with the strong support of its 20 days exponential moving average which is a positive sign for an upward move.

* Furthermore, the stock has formed a Double Bottom pattern and marching towards north side w

18/08/2017 4:44:32 PM | Posted in Broking Firm Views - Short Term Report read full news
Buy ITC Ltd For Target Rs.293.50 - Choice Broking

* On a daily chart, after a healthy fall in recent days, the stock has taken a support of 270 level which acted as a strong support in the past as well, indicates a bounce back move in the counter.

* On a weekly chart, the stock has taken a support at the confluence of 50 weeks exponential moving average and 61.8% retracement level of its previous up move from 222 to 367.70 which may

18/08/2017 3:43:42 PM | Posted in Broking Firm Views - Short Term Report read full news
Sell Larsen and Toubro Ltd For Target Rs.1080.00 - Religare Sec

Larsen & Toubro Limited

After re-testing its record high, LT has been hovering in a boarder range for last four months and now about to witness breakdown from the same. Traders are advised to initiate fresh shorts on any bounce in the given range.

18/08/2017 10:47:12 AM | Posted in Broking Firm Views - Short Term Report read full news

Buy NTPC Ltd For Target Rs.185.00 - Religare Sec

NTPC Limited

NTPC has surged strongly today i.e. 17th Aug after hovering in a narrow range for almost a week. Also, it is trading almost on the verge of fresh breakout from a major consolidation pattern. We suggest traders to go long in the given range.

18/08/2017 10:43:31 AM | Posted in Broking Firm Views - Short Term Report read full news

Buy Deep Industries Ltd For Target Rs.265.00 - Choice Broking

* On a daily chart, after a healthy correction, the stock has formed a Hammer candlestick which is a bullish reversal candlestick and indicates an upside movement.

* Moreover, the stock has taken a support of its previous bottom at 200-208 level from where it gave good upside movement in the past, so based on the current scenario, we are expecting the same replicate movement in the co

18/08/2017 9:56:27 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy Banco Products India Ltd For Target Rs.230.00 - Choice Broking

* On a daily chart, the stock has taken a support of its horizontal level 203 and bounced back to north with forming a strong bullish candle which shows positivity in the counter.

* On an hourly chart, the stock has breached its 20 & 50 hourly moving averages which is a positive sign for an upward move.

* A daily momentum indicator RSI reading is at 42.85 with a positive

17/08/2017 5:50:02 PM | Posted in Broking Firm Views - Short Term Report read full news
Buy Bajaj Finance Ltd For Target Rs.1,815.00 - Choice Broking

* The stock has been trading as per momentum triple pattern theory in all the time frames such as daily, weekly and monthly which signifies the positive trend in the counter.

* On a daily chart, the stock has bounced back from its retracement level 38.2% of the last positive rally from 1190.55 to 1829.50 and also formed a dragonfly doji candlestick pattern which shows further positive

17/08/2017 4:24:37 PM | Posted in Broking Firm Views - Short Term Report read full news
Buy Mahindra and Mahindra Ltd For Target Rs.1,495.00 - Reliance Se

* The stock has reversed after taking support of its long-term moving average 100-day SMA and later it rose to 3-day closing high.

* Due to recovery in the prices, key technical indicators-Stochastic and RSI has also reversed from the oversold zone/bull market support area.

* As per the current daily set-up, we believe that stock is on the verge of turnaround and soon it wil

17/08/2017 2:05:56 PM | Posted in Broking Firm Views - Short Term Report read full news
Buy Pidilite Industries Ltd For Target Rs.909.00 - Reliance Se

STOCK IN FOCUS

* Pidilite closed 0.7% up in trade today at Rs818 compared to 1% increase in the benchmark Nifty.

* The company has reported a subdued performance in 1QFY18 on the backdrop of GST rollout with flat volumes.

* Although the headline performance was muted, we consider it transient in nature as revenues suffered due to in

17/08/2017 1:56:51 PM | Posted in Broking Firm Views - Short Term Report read full news
Sell Idea Cellular Ltd For Target Rs.82.00 - Religare Sec

Idea Cellular Limited

IDEA, after the recent bounce, has failed to sustain above the resistance zone of multiple moving averages on daily chart. Considering the chart pattern and overall trend, we suggest using any technical bounce to go short in the given range.

17/08/2017 12:13:33 PM | Posted in Broking Firm Views - Short Term Report read full news

Buy Colgate Palmolive India Ltd For Target Rs.1,220.00 - Religare Sec

Colgate Palmolive (India) Limited

COLPAL has retraced marginal from its record high and found support near to medium term moving average on daily chart. Also, it has formed a fresh buying pivot and looks all set for fresh surge ahead. Traders are advised to initiate fresh longs in the given range.

17/08/2017 12:09:30 PM | Posted in Broking Firm Views - Short Term Report read full news

Buy Gujarat State Petronet Ltd For Target Rs.205.00 - Choice Broking

* On a daily Chart, with the recent upsurge in the price, the stock has started to sail above its 21 days exponential moving average which sends a signal for positivity in short term.

* Apart from this, prices have taken a support of its 50 days exponential moving average signifies the strength in the stock.

* Moreover, recent decline in the stock, has halted at 50% retracem

16/08/2017 5:52:06 PM | Posted in Broking Firm Views - Short Term Report read full news
Buy Edelweiss Financial Services Ltd For Target Rs.267.50.00 - Choice Broking

* On a daily chart, the stock has been trading as per momentum triple pattern theory which shows positivity in the counter.

* On an hourly chart, the stock is trending with the support of its 20-hourly exponential moving average and during the last hour, the stock is forming a strong bullish candlestick with healthy volume activity which is a positive sign for an upward move.

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16/08/2017 5:17:35 PM | Posted in Broking Firm Views - Short Term Report read full news
Buy Indian Oil Corporation Ltd For Target Rs.440.00 - Choice Broking

* On an hourly chart, the stock has been trading as per the momentum triple pattern theory since last seven trading sessions which signify a bullish trend in the counter.

* Moreover, the stock has given a breakout of its neckline of Inverted Head & Shoulder pattern which is a bullish reversal pattern and may cause for an upward move.

* On a daily chart, we can see a posi

16/08/2017 3:47:34 PM | Posted in Broking Firm Views - Short Term Report read full news
Derivative Ideas Bank Nifty For Target Rs.15.00 - Religare Sec

Derivative Ideas

Bank nifty has witnessed short covering followed by fresh long build up in yesterdays trading session. Huge put writing also seen at 24000 strike, we expect Bank nifty to be in 24300-24700 range in the short term.

 

Strategy:

SELL BANK NIFTY 31 Aug 23

16/08/2017 11:52:25 AM | Posted in Broking Firm Views - Short Term Report read full news
Sell Divis Laboratories Ltd For Target Rs.580.00 - Religare Sec

Divi's Laboratories Limited

DIVISLAB has been under pressure for last nine months and trading well below the moving averages (i.e. 200/100/50 EMA) on daily chart. The chart pattern indicates further slide ahead so use any technical bounce to go short in the given range.

16/08/2017 11:49:50 AM | Posted in Broking Firm Views - Short Term Report read full news

Buy Pidilite Industries Ltd For Target Rs.870.00 - Religare Sec

Pidilite Industries Limited

After making a record high, PIDILITIND has been hovering in a range between 775-835 zone for past two months. And, now it looks upbeat for a fresh breakout. Traders should use this phase to accumulate in the given range.

16/08/2017 11:46:38 AM | Posted in Broking Firm Views - Short Term Report read full news