Buy Tech Mahindra Ltd For Target Rs.510.00 - Religare Sec

Tech Mahindra Limited

TECHM gained strength after trading with bearish bias for almost two weeks. It seems to have formed base around its 200 EMA support, which is around 470 levels. We believe, it will trade with bullish bias till that level is held on closing basis. Hence, we recommend to buy this stock with mentioned levels.

 

14/12/2016 10:30:48 AM | Posted in Broking Firm Views - Short Term Report read full news
Derivative Ideas NTPC Ltd For Target Rs.3.8 - Religare Sec

NTPC has seen good long build up,by adding 9.1% open interest IN DEC FUTURES.Even the 160 strike put options have highest Open interest implying a base near that strike,the scrip is likley to rally till 172 in the short term.

 

Strategy:

BUY NTPC DEC 167.5 CE@2,SLOSS @0.75 AND TARGET 3.8

 

To Read Comp

13/12/2016 10:51:22 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy CESC Ltd For Target Rs.680.00 - Reliance Sec

Technical Research

* The stock rose to two month high post trend line break-out with relatively better volume.

* Rise in RSI & MACD post their positive cross-over is signaling strength in the stock.

* As per the current daily set-up, we believe the stock will continue its northward journey and revisit prior swing high in the sho

13/12/2016 10:49:37 AM | Posted in Broking Firm Views - Short Term Report read full news
Sell Britannia Industries Ltd For Target Rs.2800.00 - Religare Sec

Britannia Industries Limited

Post stellar performance in past, it seems BRITANNIA’s up move has halted as it is trading with bearish bias from past couple of weeks. All recent attempts od recovery has also failed. Considering all, we believe it is trade with bearish bias at least in the near-term.

 

Recomme

13/12/2016 10:45:40 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy Emami Ltd For Target Rs.1,309.00 - Reliance Sec

STOCK IN FOCUS

* With flagship brands such as Navratna, Boroplus, Fair & Handsome and Zandu, Emami is the leading player in the FMCG market with market leadership in all four categories. Some of its flagship brands have demand that is seasonal in nature

* Emami has posted 10.2% yoy growth in consolidated sales to Rs5.8bn in 2QFY17. While

13/12/2016 10:41:58 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy Indraprastha Gas Ltd For Target Rs.930.00 - Religare Sec

Indraprastha Gas Limited

At current juncture, IGL is among the best performing stocks. Domestic benchmark, Nifty index is trading weak below its important moving averages (50/100/200 EMA’s) on daily chart, indicating weak trend. While, it is trading at its 52-week high, this clearly indicates strength. Hence, we advocate buying this stock in the

13/12/2016 10:38:52 AM | Posted in Broking Firm Views - Short Term Report read full news
Technical Recommendation 12th December 2016

SCRIP SYMBOL - KWALITY

TECHNICAL RATIONALE – KWALITY is a leading player in Indian organized dairy market and is doing well as far as business is con-cerned. Technically too, it is well placed on daily as well as weekly charts and looks upbeat for fresh move, despite struggling broader markets. Use dips to accumulate fresh in the given range.

12/12/2016 5:43:30 PM | Posted in Broking Firm Views - Short Term Report read full news
Buy Bharat Heavy Electricals Ltd For Target Rs.141.00 - Reliance Sec

Technical Research

* The stock has closed at the upper end of the range trading positive in the last few days poised for a break out above its 20 day SMA.

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

* We believe the stock will give a breakout on the higher side to test its me

12/12/2016 10:10:02 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy Strides Shasun Ltd For Target Rs.1200.00 - Religare Sec

Strides Shasun Limited

STAR was trading in narrow range 1066-1105, just above its 200 EMA support from past couple of trading sessions. Breakout from this range was witnessed on Friday with strong volume. All this indicates bullish bias to continue ahead as well.

 

Recommendation

Buy S

12/12/2016 10:04:43 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 has lost more than 30% in last 12 months due to weak operational performance in line with our estimates. Considering the recent correction in stock price, we believe that the negatives relating to weak merchant realization have already been priced in.

* JSWEL stands lower in fuel security due to high exposure to me

12/12/2016 10:00:01 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy Aptech Ltd For Target Rs.185.00 - Religare Sec

Aptech Limited

APTECH crossed past two week trading range from the higher side on Friday i.e. 9th December, settled on gains of over 7% on back of multi-fold volume. This breakout has opened the gates for further up move towards 185 levels. Hence, we advocate buying in the mentioned range.

 

Recommendation

12/12/2016 9:55:55 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy Biocon Ltd For Target Rs.28.00 - Religare Sec

Strategy:-

BIOCON added around 11% of open interest as long positions along with some delivery based buying in previous session. It has also witnessed breakout from ‘Inverted Head & Shoulder’ pattern on daily charts. We recommend doing a bull spread as per levels given below.

 

Strategy:

10/12/2016 11:36:01 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 8120 and Banknifty futures is at 18480.

* Call writing was seen at Nifty 8300 & 8400 strikes, Put writing was seen at 8200 strikes.

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

* Nifty is expected to be in the range

10/12/2016 11:33:28 AM | Posted in Broking Firm Views - Short Term Report read full news
Accumulate Motherson Sumi Systems Ltd For Target Rs.380.00 - Religare Sec

Investment Rationale

* Motherson Sumi (MSSL) is a pure play auto ancillary catering to Indian as well as global OEMs. Starting with wiring harness systems, MSSL has acquired and mastered businesses in several new domains globally. While standalone business will be a steady contributor to consolidated earnings, contribution from subsidiaries to increas

10/12/2016 10:23:50 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy Bharat Heavy Electricals Ltd For Target Rs.141.00 - Reliance Sec

Technical Research

* The stock has closed at the upper end of the range trading positive in the last few days poised for a break out above its 20 day SMA.

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

* We believe the stock will give a breakout on the higher side to test its me

9/12/2016 11:00:11 AM | Posted in Broking Firm Views - Short Term Report read full news
Derivative Ideas Power Grid Corporation of India Ltd For Target Rs.193.00 - Religare Sec

POWERGRID added around 2% of open interest as fresh long positions along with some delivery based buying on previous day. On charts, it is trading in higher highs—higher lows formation since November 2015. We expect it to test 193 levels in short term.

 

Strategy:

BUY POWERGRID DEC FUTS BETWEEN 183-184.50, SL 181.50, TAR

9/12/2016 10:56:24 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 closed 2.2% higher, outperforming benchmark NIFTY Index by 0.44%.

* The Bank 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

* The bank is well on the

9/12/2016 10:54:16 AM | Posted in Broking Firm Views - Short Term Report read full news
Sell ACC Ltd For Target Rs.1250.00 - Religare Sec

ACC Limited

Yesterday, i.e. 8th December, ACC tested crucial resistance barrier placed around 1375 levels on weekly chart and steep sell-off was witnessed there after, in day trade. We firmly believe, stock will trade with negative bias till it is below that level. Hence, we advocate short selling in mentioned range.

 

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9/12/2016 10:50:03 AM | Posted in Broking Firm Views - Short Term Report read full news
Sell Bajaj Auto Ltd For Target Rs.2500.00 - Reliance Sec

Technical Research

* The stock reversed facing resistance of its short-term moving average 50-day EMA and later slipped to three day low.

* Due to recent reversal, key technical indicators-Stochastic & RSI turned downward from their overbought zone and bear market resistance area respectively, which is signaling lack of buying interest in

8/12/2016 11:00:55 AM | Posted in Broking Firm Views - Short Term Report read full news
Derivative Ideas Reliance Capital Ltd For Target Rs.25.00 - Religare Sec

RELCAPITAL added around 1% of open interest as fresh short positions. Put buying (unwinding by writers) was witnessed. Stock has also created a fresh selling pivot on daily charts. We recommend buying RELCAPITAL 420 PE as per levels given below.

 

Strategy:

BUY RELCAPITAL 420 PE @ 12-13, SL 7, TARGET 25.

 

8/12/2016 10:56:01 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy Mangalam Cement Ltd For Target Rs.410.00 - Reliance Sec

STOCK IN FOCUS

* Mangalam Cement (MCL) surged ~1% in yesterday’s volatile market on the expectation of better performance ahead with the possible improvement in sales volume in coming weeks.

* MCL’s initiatives in the form of multi fuel usability, new railway siding and thrust on increasing PPC production (currently at 60%) will a

8/12/2016 10:52:39 AM | Posted in Broking Firm Views - Short Term Report read full news
Sell Syndicate Bank Ltd For Target Rs.60.00 - Religare Sec

Syndicate Bank

SYNDIBANK is trading weak below its important long and short-term averages (200/100 EMA) from past couple of weeks, indicating down trend. Its current chart pattern suggest, it is set for fresh break down post sideways move that lasted for over two weeks. Hence, we advocate short-selling in mentioned range.

 

8/12/2016 10:47:39 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy Indraprastha Gas Ltd For Target Rs.930.00 - Religare Sec

Indraprastha Gas Limited

Despite ongoing weakness in broader markets, IGL has been firmly holding ground and trading close to its 52-week high. Broadly, it is in up trend and is well placed at current juncture as well. Considering its overall chart pattern, we firmly believe it will continue on growth path ahead as well.

 

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8/12/2016 9:43:47 AM | Posted in Broking Firm Views - Short Term Report read full news
Sell Bharti Infratel Ltd For Target Rs.340.00 - Reliance Sec

Technical Research

* The stock reversed facing resistance of inter-mediate falling trend line and closed in red post two consecutive flat trades.

* Due to recent oscillation in the stock prices, key technical indicators-Stochastic & RSI turned downward from their overbought zone and bear market resistance area respectively, which is signa

7/12/2016 11:20:13 AM | Posted in Broking Firm Views - Short Term Report read full news