Derivative Ideas Nifty For Target Rs.34 - Religare sec

Derivative Ideas

NIFTY futures added around 5% of open interest as long positions. It has rolled around 20% into next contract so far. Call buying was seen at 8900 strike and huge put writing was seen at 8800 strike. We recommend doing bull spread in nifty as per levels given below.

 

21/02/2017 12:54:24 PM | Posted in Broking Firm Views - Short Term Report read full news
Buy Kotak Mahindra Bank Ltd For Target Rs.12.00 - Religare Sec

Derivative Ideas

KOTAKBANK added around 16.70% of open interest as long positions along with some delivery based buying in previous session. Call buying (unwinding by writers) was seen at 800 strikes. We recommend buying Kotak bank 800 CE as per levels given below.

 

Strategy

20/02/2017 12:36:22 PM | Posted in Broking Firm Views - Short Term Report read full news
Sell Adani Ports & Special Economic Zone Ltd For Target Rs.270.00 - Reliance Sec

Positional Pick: ADANI PORTS

* The stock reversed forming Double Top pattern around Rs317 and later slipped to four week closing low.

* Negative cross-over in Stochastic & RSI are signaling about weakness in the stock.

*We believe the stock will remain in pressure for the short-term and will find support around medium to long-te

20/02/2017 12:26:15 PM | Posted in Broking Firm Views - Short Term Report read full news
Buy LIC Housing Finance Ltd For Target Rs.570.00 - Religare Sec

LIC Housing Finance Limited (LICHSGFIN)

Post indecisive move that lasted for two weeks, LICHSGFIN settled on positive note on back of strong volume, indicating buyers interest. Hence we advocate buying this stock in the given range.

20/02/2017 12:19:08 PM | Posted in Broking Firm Views - Short Term Report read full news

Buy MOIL Ltd For Target Rs.409.00 - Reliance Sec

STOCK IN FOCUS

*MOIL closed ~2% higher outperforming the CNX Mid-cap index by 1% f The company recently announced its 3QFY17 results which topped ours as well as street estimates

* Its sales volumes zoomed by 154% YoY and 12% QoQ to 348,000 tonne, while blended realization surged by 64% YoY and 61% QoQ to Rs9,394/tonne

* EBITDA rose

20/02/2017 12:14:11 PM | Posted in Broking Firm Views - Short Term Report read full news
Buy Petronet LNG Ltd For Target Rs.430.00- Religare Sec

Religare Super Ideas

Petronet LNG Limited (PETRONET)

PETRONET managed fresh breakout on 17th February, from trend line resistance barrier placed on the daily chart. The breakout was supported by decent volume, indicating buyers interest at current levels. Hence we suggest traders to go for long position in th

20/02/2017 12:04:47 PM | Posted in Broking Firm Views - Short Term Report read full news
Buy Kotak Mahindra Bank Ltd For Target Rs.12.00 - Religare Sec

Strategy:

KOTAKBANK added around 16.70% of open interest as long positions along with some delivery base buying in previous session. Call buying (unwinding by writers) was seen at 800 strikes. We recom-mend buying Kotak bank 800 CE as per levels given below.

 

Strategy

18/02/2017 4:28:34 PM | Posted in Broking Firm Views - Short Term Report read full news
Derivative Ideas For Nifty - Religare Sec

DERIVATIVES OUTLOOK

* Nifty Feb futures volume weighted average price (VWAP) is at 8700 and Banknifty futures is at 20020.

* Put writing was seen at 8800 strike and call buying (unwinding by writers) was seen at 8800 & 9000 strikes.

* Highest positions are still at 8500 PE and 9000 CE.

* Nifty is expected to be in the

18/02/2017 4:24:50 PM | Posted in Broking Firm Views - Short Term Report read full news
Buy Sonata Software Ltd For Target Rs.230.00 - Religare Sec

Investment Rationale

* Sonata Software Ltd is an IT services and Solutions Company and it is involved in the provision of IT services and solutions to its customers, and distribution of software products in India. The company operates in two major business units: international IT services (IITS) and domestic products and services (DPS).

* It

18/02/2017 3:51:38 PM | Posted in Broking Firm Views - Short Term Report read full news
Derivative Ideas Hindustan Zinc Ltd For Target Rs.10.00 - Religare

Derivative Ideas

HINDZINC added around 3.7% of open interest as fresh long positions. Call buying (unwinding by writers) was seen as 305 & 310 strike. On charts, it is trading above short term as well as long term moving averages in higher highs higher lows formation. We expect it to test 320 levels in short term. We recommend buying HINDZINC 305 C

17/02/2017 12:03:27 PM | Posted in Broking Firm Views - Short Term Report read full news
Derivative Ideas Arvind Ltd For Target Rs.7.80 - Religare

Derivative Ideas

ARVIND added around 4.6% of open interest as fresh short positions. Daily vwap is around 373 levels. Call writing was seen at 380 strike and put buying (unwinding by writers) was seen at 360 strike. We suggest buying 360 PE as per levels given below.

Strategy: BUY ARVIND 360 PE AT 2.80-3.20, S

16/02/2017 12:42:01 PM | Posted in Broking Firm Views - Short Term Report read full news
Sell  Shriram Transport Finance Company Limited For Target Rs.975.00 - Religare

Shriram Transport Finance Company Limited (SRTRANSFIN)

SRTRANSFIN was trading in narrow range, just below the confluence zone of its important medium and long-term averages (100/200 EMA) on daily chart. Yesterday, i.e. 15th February, profit taking was witnessed on back of strong volume, indicating weakness to continue.

16/02/2017 12:33:03 PM | Posted in Broking Firm Views - Short Term Report read full news

Buy Marico Limited  For Target Rs.285.00 - Religare

Marico Limited (MARICO)

After spending more than a month around its support zone i.e. 257 level, MARICO has registered a breakout on 7th February, supported by volume. Currently, signs of profit taking are visible, as its over all trend is positive; hence, we suggest traders to buy on dips.

16/02/2017 12:18:56 PM | Posted in Broking Firm Views - Short Term Report read full news

Sell Power Grid Corporation of India Ltd For Target Rs.189.00 - Reliance Sec

Technical Research

* The stock is making lower tops on daily and weekly charts, after forming a high at 209 levels and it is facing continuous pressure in the past few days.

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

* The stock has close

15/02/2017 11:24:39 AM | Posted in Broking Firm Views - Short Term Report read full news
Derivative Ideas Punjab National Bank Ltd For Target Rs.5.00 - Religare Sec

PNB added around 4.3% of open interest as fresh long positions along with some delivery based buying in previous session. It is trading above short term as well as long term moving averages on daily charts. We suggest buying PNB Feb 145 CE as per levels given below.

 

Strategy:

BUY PNB FEB 145 CE BETWEEN 2-2.25, SL 1, TARGET 5

15/02/2017 11:11:23 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy Persistent Systems Ltd For Target Rs.745.00 - Reliance Sec

STOCK IN FOCUS

* Persistent Systems (Persistent) has reported healthy growth in revenue in 3QFY17, with IP revenue (+6.9% qoq) and revenue from top client IBM (+8.7%) clocking excellent growth following a decline in 2QFY17

* We continue to believe Persistent is on the right track in so far as direction of its business is concerned. It is well

15/02/2017 11:09:27 AM | Posted in Broking Firm Views - Short Term Report read full news
Sell Bharti Infratel Ltd For Target Rs.295.00 - Religare Sec

Bharti Infratel Limited

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

 

Recommendation

Sell  Bharti Infratel Limited  February Future  @ 322-325 Stoploss 335 Target 295 CMP 319.20

15/02/2017 11:05:39 AM | Posted in Broking Firm Views - Short Term Report read full news

Technical Recommendation 14th February 2017

Marico Limited

TECHNICAL RATIONALE – MARICO, after the consolidation breakout, is currently hovering in a narrow range and formed a fresh buying pivot on the daily chart. Traders shouldn’t miss this opportunity and accumulate fresh in the given range.

 

Recommendation

Buy M

14/02/2017 12:32:24 PM | Posted in Broking Firm Views - Short Term Report read full news
Buy NIIT Technologies Ltd For Target Rs.468.00 - Reliance Sec

Technical Research

* The stock is being consolidating in a range of 400-450 levels from last 24 weeks being ready for a breakout in the coming few weeks with the overall sector in momentum.

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

* However in case of major decline multi m

14/02/2017 10:57:30 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy Mangalam Cement Ltd For Target Rs.370.00 - Reliance Sec

STOCK IN FOCUS

* Mangalam Cement (MCL) surged ~4% in yesterday’s market on strong earnings delivered in its 3QFY17 result. f Its EBITDA saw a stupendous jump of 119% YoY to Rs205mn mainly supported by robust sales volume growth.

* MCL’s initiatives in the form of multi fuel usability, new railway siding and thrust on increasing PP

14/02/2017 10:54:06 AM | Posted in Broking Firm Views - Short Term Report read full news
Derivative Indiabulls Housing Finance Ltd For Target Rs.865.00 - Religare Sec

IBULHSGFIN—Call buying (unwinding by writers) was seen at 840 strike and put writing was seen at 800 strike. On charts, it has formed a buying pivot on daily as well as on intraday charts. We suggest buying IBULHSGFIN Feb futures as per levels given below.

 

Strategy:

BUY IBULHSGFIN FEB FUTS BETWEEN 826 -828, SL 813, TARG

14/02/2017 10:39:41 AM | Posted in Broking Firm Views - Short Term Report read full news