Buy State Bank Of India Ltd For Target Rs.326.00 - Reliance sec

STOCK IN FOCUS

* State Bank of India closed 1.8% higher, outperforming benchmark NIFTY Index by 4.1%.

* Despite elevated stress formation, SBI has been able to deliver relatively better operating performance compared to its peers.

* We believe that it has been able to manage cleaning up of its loan book effectively, which reasonably

16/11/2016 10:18:27 AM | Posted in Broking Firm Views - Short Term Report read full news
Sell Coal India Ltd For Target Rs.270.00 - Religare Sec

Coal India Limited

COALINDIA was not able to sustain above the confluence support zone of its 100/200 EMA’s (320-315) on daily chart. This clearly indicates bearish bias ahead. With struggling broader markets, we expect it will head southwards in near-term.

 

Recommendation

Sell&

16/11/2016 9:50:57 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy Arvind Ltd For Target Rs.360.00 - Religare Sec

Arvind Limited

Due to ongoing weakness in broader markets, ARVIND witnessed steep sell-off and is now trading near its 200 EMA support. We are not expecting further decline; hence, it makes sense buying it in the mentioned range.

 

Recommendation

Buy Arvind Ltd @330-332 Stoploss 3

16/11/2016 9:46:12 AM | Posted in Broking Firm Views - Short Term Report read full news
Sell Bajaj Auto Ltd For Target Rs.2,410.00 - Reliance sec

Technical Research

* The stock once again reversed facing resistance of its upper band of the rising channel and later slipped to almost four months low.

* Fall in RSI & MACD post their negative cross-over is signalling short-term weakness in the stock, however some rebound cannot be ruled out before it breaches prior break-out line and v

15/11/2016 12:09:06 PM | Posted in Broking Firm Views - Short Term Report read full news
Buy Pidilite Industries Ltd For Target Rs.832.00 - Reliance Sec

STOCK IN FOCUS

* Pidilite Industries (Pidilite) has reported decent set of numbers in 2QFY17, with its consolidated Net Sales, EBITDA & Net Profit rising by 7.6% yoy, 7.4% yoy & 13.1% yoy to Rs14.1bn, Rs3.2bn & Rs2.3bn, respectively.

* Pidilite’s volume growth stood at 8.5% in 2QFY17, which is impressive considering current

15/11/2016 12:04:11 PM | Posted in Broking Firm Views - Short Term Report read full news
Derivative Ideas Idea Cellular Ltd For Target Rs.4.00 - Religare Sec

IDEA added 2.8% of open interest as fresh short positions. Daily vwap is around 71.25 levels. On charts, it is trading in lower lows—lower highs formation since July 2015 and also trading below 50/100/200 EMAs. We expect it to test 65 levels in short term.

 

Strategy:

BUY IDEA NOV 70 PE BETWEEN 1.40-1.60, SL 0.60, TARGET

15/11/2016 10:35:25 AM | Posted in Broking Firm Views - Short Term Report read full news
Sell Bharat Heavy Electricals Ltd For Target Rs.120.00 - Religare sec

Bharat Heavy Electricals Limited

BHEL is trading sideways in narrow range from past couple of weeks, near the confluence zone of its 100/200 EMA’s on daily chart. On Friday, i.e. 11th November, volume backed sell-off was witnessed. This indicates bearish bias to continue in near-term.

 

Recommendation

15/11/2016 10:33:18 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy kwality Ltd For Target Rs.152.00 - Religare Sec

Kwality Limited

Despite weakness across the board, KWALITY held ground and settled in green on weekly basis. On Friday too, it settled slightly lower while broader markets crashed. Considering its past performance and current chart pattern, we strongly believe it has potential to outperform in near-term.

 

Recomm

15/11/2016 10:29:06 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy IDEA Cellular Ltd For Target Rs. 4.00 - Religare Securities Ltd

Strategy:- IDEA added 2.8% of open interest as fresh short positions. Daily vwap is around 71.25 levels. On charts, it is trading in lower lows—lower highs formation since July 2015 and also trading below 50/100/200 EMAs. We expect it to test 65 levels in short term.

Strategy: BUY IDEA NOV 70 PE BETWEEN 1.40-1.60,

12/11/2016 3:16:01 PM | Posted in Broking Firm Views - Short Term Report read full news
Derivatives Ideas For Nifty - Religare Securities Ltd

DERIVATIVES OUTLOOK

* Nifty futures volume weighted average price (VWAP) is at 8545 and Banknifty futures is at 19600.

* Call writing was seen at Nifty 8600 & 8500 strike, Put writing was seen at 8100 & 8000 strike.

* In options, highest positions are at 8700 CE and 8200 PE.

* Nifty is expected to be in the range o

12/11/2016 3:12:27 PM | Posted in Broking Firm Views - Short Term Report read full news
Buy Apollo Tyers Ltd For Target Rs. 230.00 - Religare Securities Ltd

Investment Rationale

* Apollo Tyres Ltd, with its corporate headquarters in Gurgaon, India, is in the business of manufacture and sale of tyres since its inception in 1972. Over the years, the company has grown manifold, establishing its footprint across the globe.

* The company has manufacturing units in India and The Netherlands. It is als

12/11/2016 3:08:31 PM | Posted in Broking Firm Views - Short Term Report read full news
Buy Torrent Power Ltd For Target Rs.195.00 - Reliance sec

Technical Research

* The stock has made a double bottom on its daily charts at around 160 levels with a swing high of 195 in the past few weeks.

* 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 as it is being trading i

11/11/2016 10:48:31 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy Tech Mahindra Ltd For Target Rs.475.00 - Reliance Sec

STOCK IN FOCUS

* Tech Mahindra’s 2QFY17 revenue rose by a robust 4% qoq (5% in CC terms) aided by the Enterprise business (5.6% qoq) and a growth recovery in the key Communications business (2.3% qoq).

* A key positive sign was management commentary on the Communications vertical, implying that the worst is over, though it could take 1-

11/11/2016 10:43:09 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy Bharat Forge Ltd For Target Rs.950.00 - Religare sec

Bharat Forge Limited

Post recent decline (978-850), BHARATFORG is now trading close to the confluence support zone of its 100-200 EMA’s (850) on daily chart. We strongly believe, near-term bias will be positive till it is trading above these medium and long-term averages. Hence, it makes sense buying in mentioned range.

 

11/11/2016 9:37:43 AM | Posted in Broking Firm Views - Short Term Report read full news
Derivative Ideas PNB Housing Finance Ltd For Target Rs.151.00 - Religare Sec

PNB added 9.5% of open interest as long positions. Daily vwap is around 138 levels. On charts, stock is trading above 50/100/200 EMAs on daily charts. We recommend buying the stock with levels given below.

 

Strategy:

BUY PNB NOV FUTS BETWEEN 138-139, SL 133, TARGET 151.

 

To Read Complete Report

10/11/2016 11:22:06 AM | Posted in Broking Firm Views - Short Term Report read full news
Sell Indian Oil Corporation Ltd For Target Rs.297.00 - Reliance Sec

Technical Research

* The stock is continuous pressure post ex-bonus, making lower tops on daily charts after forming a swing low near 289 levels in today’s trading session. The stock has failed to cross its short term average despite its peers outperforming in the past few days.

* Negative divergence in RSI is signaling a fresh breakdow

10/11/2016 11:19:17 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy Gail (India) Ltd For Target Rs.485.00 - Religare Sec

GAIL (India) Limited 

GAIL has performed well in past couple of weeks, rallied from 360 till 450 levels. It settled at day’s top after gaining 1.5% on Wednesday, while Nifty index settled a percent lower. Along with price movement, volume too is supporting up move. All this indicates bullish bias is here to last.

 

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10/11/2016 11:12:17 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy HDFC Bank Ltd For Target Rs.1,433.00 - Reliance sec

STOCK IN FOCUS

* HDFC Bank is comfortably placed to capitalise on the expected improvement in the economic cycle

* The bank has been consistently outperforming its peers on both financial and operational fronts backed by strong liability franchise, low exposure to stressed sectors and superior risk management practices

* We expect t

10/11/2016 11:08:47 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy Crompton Greaves Ltd For Target Rs.89.00 - Religare sec

Crompton Greaves Limited

CROMPGREAV is in long-term uptrend, it remained side ways when broader markets were declining. Yesterday, i.e. 9th November, when broader markets tumbled, it settled on flat note. All this indicates strength; hence, we recommend buying with mentioned levels.

 

Recommendation

10/11/2016 11:05:58 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy Hindustan Unilever Ltd For Target Rs.892.00 - Reliance Sec

Technical Research

* The stock is making higher bottoms on daily charts after forming a swing low near 818 levels in the last month. The stock has closed at its short term average and we believe the broader momentum in consumer stocks would signal an up move in the short term.

* Positive divergence in RSI w.r.t. Price rise is also coinciding

9/11/2016 11:10:54 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy Asian Paints Ltd For Target Rs.1165.00 - Religare Sec

Asian Paints Limited

Post steep up move (850-1227), ASIANPAINT witnessed steep sell-off and retraced 50% as per Fibonacci theory. It tested its 200 EMA on Monday and decent buying was witnessed on Tuesday i.e. 8th November. All this indicates buying interest at current levels. Hence, we recommend buying with mentioned range.

 

9/11/2016 11:00:24 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy JK Lakshmi Cement Ltd For Target Rs.550.00 - Reliance sec

STOCK IN FOCUS

* JK Lakshmi Cement (JKLC) is one of the few cement companies in Mid-Cap space, which has managed its plants well with consistent improvement in operating synergies in Northern region

* Considering the initiatives undertaken to improve Durg plant’s operating efficiencies by means of railway siding, WHRS, CPPs, commissioni

9/11/2016 10:56:14 AM | Posted in Broking Firm Views - Short Term Report read full news