Buy Havells India Ltd For Target Rs. 570.00 - Choice India

*  Havells India Ltd is one of the largest electrical equipment companies in India. Founded in 1983, the company has products ranging from home and kitchen appliances, lighting for domestic, commercial and industrial applications, LED lighting, fans, modular switches and wiring accessories, water heaters, industrial and domestic circuit protection switchgear, industrial and domestic cables

7/08/2017 4:51:21 PM | Posted in Broking Firm Views - Short Term Report read full news
Buy Sobha Ltd For Target Rs.410.00 - Choice India

*  On a daily chart, the stock is forming closing price reversal bar pattern after three black crows bearish candlestick pattern which suggests price may move to northward direction.

*  Moreover, the stock is testing a support of its 70 days exponential moving average which caused for the bounce back move in the past.

*  A daily momentum indicator RSI is trend

7/08/2017 4:42:00 PM | Posted in Broking Firm Views - Short Term Report read full news
Buy Hindustan Unilever Ltd For Target Rs.1230.00 - Choice India

*  On a daily chart, the stock has been trading at an all-time high level and it seems that it can be continued for near future as momentum dynamics has shifted to a new zone and the stock has reached to its uncharted territory.

*  Moreover, the stock is giving a breakout of its past two weeks of range bound move which indicates a robust upside move in the counter.

7/08/2017 4:31:43 PM | Posted in Broking Firm Views - Short Term Report read full news
Derivative Ideas Bajaj Auto Ltd For Target Rs.3000.00 - Religare Sec

Derivative Ideas

BAJAJ-AUTO added around 6% of open interest as long positions along with some delivery based buying on previous trading session. It has also breached month long congestion zone on the higher side with noticeable rise in volumes. We expect it to rally till 3000 in short term. Considering the current scenario, we recommend buying BAJAJ-A

7/08/2017 12:21:51 PM | Posted in Broking Firm Views - Short Term Report read full news
Sell Bharat Heavy Electricals Ltd For Target Rs.130 - Religare Sec

Bharat Heavy Electricals Limited (BHEL)

After a sharp decline, BHEL has recovered marginal of late but failed to cross its resistance zone of multiple moving averages on daily chart and posted a fresh breakdown on daily chart. Use any bounce to go short in the given range.

7/08/2017 12:19:22 PM | Posted in Broking Firm Views - Short Term Report read full news

Buy Asian Paints Ltd For Target Rs.1220 - Religare Sec

Asian Paints Limited (ASIANPAINT)

ASIANPAINT has been consolidating in a broader range for almost two months near to its short term and medium term moving averages on daily chart. At current juncture, it has formed a fresh buying pivot and likely to witness breakout in near future. Traders can create fresh longs in the given range.

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          <footer class= 7/08/2017 12:14:53 PM | Posted in Broking Firm Views - Short Term Report read full news

Derivative Ideas For Nifty - Religare Securities Ltd

*  Nifty futures volume weighted average price (VWAP) is at 10040 and Banknifty futures is at 24830.

*  Put writing was seen at Nifty 10000 strike and call buying (unwinding by writers) was seen at 10200 & 10100 strikes.

*  Maximum positions are at 10500 CE and 10000 PE. Nifty is expected to be in the range of 9800-10200.

*  Oil & Gas, C

5/08/2017 3:42:45 PM | Posted in Broking Firm Views - Short Term Report read full news
Buy Bajaj Auto Ltd For Target Rs.3000.00 - Religare Sec

Strategy:-

BAJAJ-AUTO added around 6% of open interest as long positions along with some delivery based buying on previous trading session. It has also breached month long congestion zone on the higher side with noticeable rise in volumes. We expect it to rally till 3000 in short term. Considering the current scenario, we recommend buying BAJAJ-AUTO A

5/08/2017 3:32:33 PM | Posted in Broking Firm Views - Short Term Report read full news
Buy PC Jeweller Ltd For Target Rs.300.00 - Religare Sec

*  After hitting a record high in the passing month, PCJEWELLERS has witnessed a marginal correction from its top.

*  Currently, it’s hovering in a narrow range near its support zone of short term moving averages on daily chart, indicates a pause prior to further up move.

*  We advise traders should use this phase to accumulate fresh long in the given ra

5/08/2017 3:27:57 PM | Posted in Broking Firm Views - Short Term Report read full news
Buy Bata India Ltd For Target Rs.700.00 - Religare Sec

*  After a slide from its record high i.e from the levels of 748 to 400 mark, BATAINDIA has undergone a consolidation phase in a broader range for almost a year. This consolidation phase has led to the formation of “Inverted Head and Shoulder Pattern” on weekly chart, which act as continuation pattern if forms within a trend.

*  Recently, it has posted a breakout

5/08/2017 3:13:17 PM | Posted in Broking Firm Views - Short Term Report read full news
Buy Karnataka Bank Ltd For Target Rs.180.00 - Religare Sec

Investment Rationale

*  Incorporated in 1924, Karnataka Bank (KTK) is one of the oldest private sector banks with a strong regional presence in the Karnataka State. The bank has transformed itself towards higher retail book which is expected to drive growth in profitability. Karnataka state continues to remain the Bank's major business area.<

5/08/2017 10:42:36 AM | Posted in Broking Firm Views - Short Term Report read full news
Update On KEC International Ltd For Target Rs.335.00 - Reliance Se

STOCK IN FOCUS

EQUITY INDICES Intraday Picks OIL INDIA LTD (PREVIOUS CLOSE: 285) BUY For today’s trade, long position can be initiated at around Rs284 for the target of Rs295 and with a strict stop loss of Rs278. RBL BANK LTD (PREVIOUS CLOSE: 517) SELL For today’s trade, short position can be initiated at around Rs520 for t

4/08/2017 4:50:37 PM | Posted in Broking Firm Views - Short Term Report read full news
Buy Pidilite Industries Ltd For Traget Rs.909.00 - Reliance Se

STOCK IN FOCUS

*  Pidilite closed 0.5% up in trade today at Rs800 compared to 0.3% fall 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 su

4/08/2017 1:42:47 PM | Posted in Broking Firm Views - Short Term Report read full news
Derivative Ideas Indian Oil Corporation Ltd For Target Rs. 415.00 - Religare Sec

Derivative Ideas

IOC added around 12.40% of open interest as fresh long positions. On charts, it has rebounded from historical price support of 366 and 200 EMA support of 367 levels on daily charts. It has also registered trend-line breakout on daily charts with strong volumes. We expect it to rally till 415 levels in short term. Hence, we recommend bu

4/08/2017 12:33:26 PM | Posted in Broking Firm Views - Short Term Report read full news
Buy Mahanagar Gas Ltd For Target Rs.1050.00 - Religare Sec

Mahanagar Gas Limited (MGL)

MGL has posted a breakout today from its trading range i.e. 980-1005 on daily chart. Keeping in mind its overall chart pattern, we expect strong surge ahead so traders can initiate fresh longs in the given range.

4/08/2017 12:20:27 PM | Posted in Broking Firm Views - Short Term Report read full news

Derivative Ideas Bharat Heavy Electricals Ltd For Target Rs.9.00 - Religare Sec

Derivative Ideas

BHEL

added around 9% of open interest as short positions. Daily vwap is around 142.60 levels. It has also created a fresh selling pivot on daily charts, and it is also trading below its long term as well as medium term moving averages on same time frame. Hence, we recommend buying BHEL 140 PE as per levels g

3/08/2017 11:53:32 AM | Posted in Broking Firm Views - Short Term Report read full news
Sell Union Bank of India For Target 138.00 - Religare Sec

Union Bank of India (UNIONBANK)

Mostly PSU banks are still trading under pressure and UNIONBANK is no exception. In fact it has witnessed a fresh breakdown from its support zone of multiple moving averages on daily chart. We advise traders to initiate fresh shorts in the given range.

3/08/2017 11:49:29 AM | Posted in Broking Firm Views - Short Term Report read full news

Buy Escorts Ltd For Target 720.00 - Religare Sec

Escorts Limited (ESCORTS)

ESCORTS has swiftly rebounded after retesting its support zone around 630 level of late. It was a healthy retracement from its record high, offering fresh opportunity to enter. Traders can use any dip in the given range to go long.

3/08/2017 11:46:43 AM | Posted in Broking Firm Views - Short Term Report read full news

Derivative Ideas Tata Steel Ltd For Target Rs.586.00 - Religare Sec

Derivative Ideas

TATASTEEL has seen fresh long buildup in Aug futures. Put writing seen at 570 strike and good call option buying was seen at 580 strike. We expect the scrip to rally towards 586 in the short term.

 

Strategy:

BUY TATASTEEL AUG@570, SLOSS AT 562,TARGE

2/08/2017 11:17:44 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy DCB Bank Ltd For Target Rs.215.00 - Religare Sec

DCB Bank Limited

DCBBANK has been trading in a range for almost a month around its 50 day EMA on daily chart and witnessed a sharp surge today with noticeable rise in volume, indicates breakout. Traders can initiate fresh long in the given range.

2/08/2017 11:11:38 AM | Posted in Broking Firm Views - Short Term Report read full news

Technical Recommendation 1st August 2017

SCRIP NAME AND SYMBOL - Kajaria Ceramics Limited

TECHNICAL RATIONALE – KAJARIACER has rebounded strongly today i.e. 31st July from its support zone of medium term moving averages on daily chart, after consolidating in a broader range for almost two months. Considering its chart pattern, we believe a strong surge is likely in near

1/08/2017 5:06:08 PM | Posted in Broking Firm Views - Short Term Report read full news