Buy Vedanta Ltd For Target Rs.255.00 - Religare Sec

Vedanta Limited

In line with rebound in metal pack, VEDL has recovered strongly of late and formed a fresh buying pivot on the daily chart. It’s currently trading closer to its multiple moving averages, acting as cushion. All indications are in the favour of strong surge ahead.

18/05/2017 1:35:34 PM | Posted in Broking Firm Views - Short Term Report read full news

Derivative Ideas LIC Housing Finance Ltd For Target Rs.725.00 - Religare Sec

Derivative Ideas

LICHSGFIN added around 1.2% of open interest as long positions along with some delivery based buying in previous trading session. Daily vwap is around 691 levels. On charts, stock has created a buying pivot on daily as well as on intraday charts. it has resumed its uptrend from price support of 675-680 levels. We sugge

17/05/2017 11:57:49 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy Amara Raja Batteries Ltd For Target Rs.970.00 - Religare Sec

Amara Raja Batteries Limited

AMARAJABAT has posted a fresh breakout from its “Inverted Head and shoulder Pattern” of late and currently witnessing a marginally profit taking, offering a fresh buying opportunity for the traders. Hence, we suggest initiating fresh longs in the given range.

17/05/2017 11:49:50 AM | Posted in Broking Firm Views - Short Term Report read full news

Technical Recommendation 16th May 2017

SCRIP NAME AND SYMBOL - Bharat Financial Inclusion Limited

TECHNICAL RATIONALE – BHARATFIN is now trading on the verge of breakout after completing its three-month long corrective phase. Existence of multiple of moving averages combined with the chart formation adding to the positivity and indicating possibility of strong surge i

16/05/2017 3:34:36 PM | Posted in Broking Firm Views - Short Term Report read full news
Derivative Ideas Tata Power Company Ltd For Target Rs.87.00 - Religare Sec

Derivative Ideas

TATAPOWER added around 1.5% of open interest as fresh long positions. On charts, it has witnessed fresh buying from important price support of 81.50 on daily charts. It is also trading above 100/200 EMAs on daily charts. We suggest buying TATAPOWER May futures as per levels mentioned below.

 

Str

16/05/2017 11:58:20 AM | Posted in Broking Firm Views - Short Term Report read full news
Accumulat Rallis India Ltd For Target Rs.290.00 - Religare Sec

Rallis India Ltd

Investment Rationale

* Rallis is present across the agricultural value chain ranging from hybrid seeds (through its subsidiary Metahelix) to plant growth nutrients to organic manure & soil conditioners (through its subsidiary Zero Waste Agro Organics) to crop protection (agro chemicals).<

15/05/2017 12:34:41 PM | Posted in Broking Firm Views - Short Term Report read full news
Sell Bata India Ltd For Target Rs.550.00 - Religare Sec

Bata India Limited

Despite strong momentum in the benchmark In-dex, BATAINDIA has failed to regain its momen-tum, facing a strong resistance around 595 levels. At current juncture, it has formed a fresh shorting pivot and likely to see fresh decline ahead

15/05/2017 12:09:07 PM | Posted in Broking Firm Views - Short Term Report read full news

Derivative Ideas For Nifty - Religare Sec

DERIVATIVES OUTLOOK

* Nifty May futures volume weighted average price (VWAP) is at 9330 and Banknifty futures is at 22420.

* Nifty and Banknifty futures closed with premium of around 20 & 13 points respectively.

* Nifty call writing was seen at 9500 & 9400 strikes, put writing was seen at 9200 strike and put buying (unwindin

13/05/2017 5:26:42 PM | Posted in Broking Firm Views - Short Term Report read full news
Buy Tata Elxsi Ltd For Target Rs.1,470.00 - Reliance Se

* The stock is consolidating after forming bottom at Rs 1435 with positive price action in the past few weeks, confirming an uptrend.

* The key technical indicator has also reversed from their lower levels and is expected to break on the upside.

* The stock has strong support on its weekly charts holding the short and medium term averages and the positive divergence in the l

12/05/2017 2:20:07 PM | Posted in Broking Firm Views - Short Term Report read full news
Buy Majesco Ltd For Target Rs.556.00 - Reliance Se

STOCK IN FOCUS

* Majesco’s stock rose by 2.4% yesterday, while the BSE Sensex was flat. While the company reported a disappointing 4QFY17, with revenue down 6.2% QoQ in USD terms, we believe underlying industry fundamentals and the key IBM partnership will enable Majesco to boost revenue growth in FY18E.

* Under-penetrated and significa

12/05/2017 2:14:43 PM | Posted in Broking Firm Views - Short Term Report read full news
Buy Lakshmi Vilas Bank Ltd For Target Rs.200.00 - Religare Sec

Lakshmi Vilas Bank Limited

After witnessing marginal profit taking from the top, LAKSHVILAS has formed a fresh buying pivot after consolidating around the short term moving average on daily chart. Traders can accumulate fresh in the given range.

12/05/2017 2:09:55 PM | Posted in Broking Firm Views - Short Term Report read full news

Buy Apollo Tyres Ltd For Target Rs.250.00 - Religare Sec

Apollo Tyres Limited

APOLLOTYRE has retraced marginal from its 52-week high due to profit booking and reached closer to its support zone around 226 levels, offering a fresh buying opportunity. Existence of multiple moving averages combined with chart formation are also pointing towards strong rebound.

12/05/2017 2:06:29 PM | Posted in Broking Firm Views - Short Term Report read full news

Derivative Ideas BEML Ltd For Target Rs.1,420.00 - Religare Sec

Derivative Ideas

BEML added around 3.5% of open interest as fresh long positions along with some delivery based buying in previous sessions. On charts, it has created a fresh buying pivot from the price support zone of 1335-1340 levels. It is also trading above 50/100/200 EMAs on daily charts. We suggest buying BEML May futures as per

11/05/2017 1:42:06 PM | Posted in Broking Firm Views - Short Term Report read full news
Buy Axis Bank Ltd For Target Rs.555.00 - Religare Sec

Axis Bank Limited

AXISBANK, after spending nearly three months in 480-530 range, looks all set of fresh breakout . The chart pattern and confirmation indicators are also in line. We advocate buying in the mentioned range.

11/05/2017 1:37:32 PM | Posted in Broking Firm Views - Short Term Report read full news

Buy Amara Raja Batteries Ltd For Target Rs.950.00 - Religare Sec

Amara Raja Batteries Limited

After a prolonged consolidation phase, AMARAJABAT is now trading on the verge of breakout from the resistance zone of multiple moving averages on daily chart and likely to witness strong surge ahead. Traders can accumulate fresh in the given range.

11/05/2017 1:33:03 PM | Posted in Broking Firm Views - Short Term Report read full news

Buy Amara Raja Batteries Ltd For Target Rs.950.00 - Reliance Se

* The stock reversed after taking support of its key moving averages and rose to one month high with a decent volume.

* Key technical indicators-Stochastic, RSI and MACD are positively poised above their neutral line and signaling strength in the stock.

* On the higher side, the stock will face minor hurdle around its long-term moving average 200-DSMA, but major hurdle is pl

11/05/2017 12:28:24 PM | Posted in Broking Firm Views - Short Term Report read full news
Buy Ramco Cements Ltd For Target Rs.785.00 - Reliance Se

STOCK IN FOCUS

* Ramco Cements (RCL) gained ~2% in yesterday’s trade on the expectation of better performance ahead owing to healthy recovery in realizations in Southern and Eastern markets.

* Though 4QFY17 result is expected to be subdued for southern based companies, RCL is expected to deliver better profitability in ensuing quarters

11/05/2017 12:23:53 PM | Posted in Broking Firm Views - Short Term Report read full news
Buy Britannia Industries Ltd For Target Rs.3,796.00 - Reliance Se

STOCK IN FOCUS

* Britannia Industries (BIL) outperformed benchmark Nifty in yesterday’s flat trade as stock closed 1.4% higher at Rs3,593.

* Market leadership in biscuits, increased premiumization, strong pricing power, improving direct distribution network, and management bandwidth would drive growth for Britannia Industries (BIL), goi

10/05/2017 2:00:21 PM | Posted in Broking Firm Views - Short Term Report read full news
Buy Manappuram Finance Ltd For Target Rs.104.00 - Religare Sec

Manappuram Finance Limited

MANAPPURAM, after retracing marginal from the top has formed a fresh buying pivot on the daily chart and witnessed a swift rebound today i.e. 09th May, supported with noticeable rise in volume. We advocate fresh buying in the given range.

10/05/2017 1:48:58 PM | Posted in Broking Firm Views - Short Term Report read full news