Buy Jyothy LaboratoriesLtd For Target Rs.431.00 - Reliance Se

STOCK IN FOCUS

* Jyothy Laboratories (JYL) closed 1.8% higher in trade today at Rs367 vs. flat close in the benchmark Nifty.

* JYL has a strong portfolio of brands like Ujala, Maxo, Exo, Margo, Henko and Pril among others in its portfolio.

* The company is focused on improving its direct distribution network and reduce dependence on

10/07/2017 11:55:40 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy Siemens Ltd For Target Rs.1,450.00 - Religare Sec

Siemens Limited

After a strong surge, SIEMENS has been witnessing profit taking and retraced closer to the support zone around 1300. It has rebounded swiftly of late indicating buying interest around that area and the broader chart formation is also favourable. Traders shouldn’t miss this opportunity and create fresh long in the given range.

10/07/2017 11:04:29 AM | Posted in Broking Firm Views - Short Term Report read full news
Sell Bank Nifty For Target Rs.180.00 - Religare Sec

Strategy:-

BANKNIFTY has been adding a mix of fresh longs and shorts on alternate days off lately. Banknifty is likely to be in range of around 23200-23800 for next 4-5 sessions. The 13th July expiry too has highest open interest at 23200 PE and 24000 CE. Considering all above mentioned factors, we recommend doing a short straddle in Banknifty as per

8/07/2017 3:39:06 PM | Posted in Broking Firm Views - Short Term Report read full news
Derivative Ideas Nifty - Religare Sec

DERIVATIVES OUTLOOK

*  Nifty futures volume weighted average price (VWAP) is at 9585 and Banknifty futures is at 23350.

*  Call writing was seen at 9700 & 9800 strikes, put writing was seen at 9400 strike.

*  Maximum positions are at 9700 CE and 9500 PE. Nifty is expected to be in the range of 9450-9800.

8/07/2017 3:35:59 PM | Posted in Broking Firm Views - Short Term Report read full news
Accumulate Heidelberg Cement India Ltd For Target Rs. 160.00 - Religare Sec

Investment Rationale

*  HeidelbergCement India Ltd is a subsidiary of HeidelbergCement Group, Germany. The Company has its operations in central India at Damoh (MP), Jhansi (UP) and in southern India at Ammasandra (Karnataka). With a total installed capacity of 5.4mn tonnes p.a., Heidelberg is one of the largest cement players in central India.

8/07/2017 3:20:57 PM | Posted in Broking Firm Views - Short Term Report read full news
Derivative Ideas Pak Elektron Ltd For Target Rs.3,025.00 - Religare Sec

Derivative Ideas

PEL added around 4% of open interest as fresh long positions. On charts, it has created a fresh buying pivot on daily charts, and it is also trading with higher highs—higher lows formation on daily charts. Considering the current chart pattern and derivatives data, we recommend buying PEL July futures as per give

7/07/2017 11:37:41 AM | Posted in Broking Firm Views - Short Term Report read full news
Sell Hindustan Petroleum Corporation Ltd For Target Rs.492.00 - Religare Sec

Hindustan Petroleum Corporation Limited

HINDPETRO has been trading under pressure of late, in line with other OMCs. Currently it has formed a fresh shorting pivot on daily chart. Further, existence of multiple hurdle of moving averages also added to negativity. We suggest using any bounce to initiate fresh short in the given range.

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          <footer class= 7/07/2017 11:24:22 AM | Posted in Broking Firm Views - Short Term Report read full news

Buy Jindal Steel and Power Ltd For Target Rs.142.00 - Religare Sec

Jindal Steel & Power Limited

Among the Metal counters, JINDALSTEEL has been trading in a broader range for almost three months and now trading on the verge of breakout from the same. Traders can utilise this pause and initiate long positions in the mentioned range

7/07/2017 11:08:52 AM | Posted in Broking Firm Views - Short Term Report read full news

Derivative Ideas Havells India Ltd For Target Rs.495.00 - Religare Sec

Derivative Ideas

HAVELLS added around 2.6% of open interest as fresh long positions. It has also created a fresh buying pivot on daily charts near important price support of medium term moving averages. Considering the above mentioned developments, we recommend buying HAVELLS July futures as per levels given below.

 

6/07/2017 1:36:07 PM | Posted in Broking Firm Views - Short Term Report read full news
Buy ICICI Bank Ltd For Target Rs.310.00 - Religare Sec

ICICI Bank Limited

ICICIBANK has been trading in a congestion zone for last one month and now trading on the verge of breakout from the same. We suggest traders to accumulate fresh in the given range.

6/07/2017 1:28:39 PM | Posted in Broking Firm Views - Short Term Report read full news
Sell TVS Motor Company Ltd For Target Rs.503.00 - Reliance Se

* TVS Motor reversed after forming a Double Top pattern around Rs565 (its life-time-high) and is being underperforming the broader markets signaling near-term weakness in the stock.

* Negative divergence in key technical indicators-RSI and MACD is also coinciding with our near-term view and in favor of probable decline in the stock.

* In case of any negative surprise, its li

6/07/2017 12:26:07 PM | Posted in Broking Firm Views - Short Term Report read full news
Buy NTPC Ltd For Target Rs.192.00 - Reliance Se

STOCK IN FOCUS

* We consider NTPC as one of the best placed companies in terms of fuel security, as most of its capacity off-take will continue to be through long-term Power Purchase Agreements (PPAs). We expect NTPC’s business to improve further backed by higher capacity commercialisation, better fuel availability and likely improvement in deman

6/07/2017 12:22:13 PM | Posted in Broking Firm Views - Short Term Report read full news
Buy Amara Raja Batteries Ltd For Target Rs.910.00 - Reliance Sec

* Amara Raja Batteries rose to 4-week high after forming strong base around Rs830 and also managed to closed above its short-term moving average 20-day EMA with relatively higher volume.

* Due to recent rebound in the stock, key technical indicators-RSI and MACD also moved higher post their positive cross-over.

* As per the current daily set-up, we believe that stock will ut

5/07/2017 4:19:42 PM | Posted in Broking Firm Views - Short Term Report read full news
Buy Heidelbergcement India Ltd For Target Rs.150.00 - Reliance Se

STOCK IN FOCUS

* HeidelbergCement India (HCIL) gained over 4% in yesterday’s volatile market on the expectation of healthy 1QFY18 numbers mainly to be aided by healthy realizations in Central markets. Our channel check suggests that Central region is likely to see a realizations improvement of 1.5% YoY and 4.5% QoQ in 1QFY18.

* Further,

5/07/2017 4:09:57 PM | Posted in Broking Firm Views - Short Term Report read full news
Derivative Ideas JSW Energy Ltd For Target Rs.71.00 - Religare Sec

Derivative Ideas

JSWENERGY added around 4.5% of open interest as long positions. On charts, it has registered breakout from one and a half month long congestion zone on daily charts. It has also crossed over 200 EMA on daily charts with noticeable rise in volumes. Considering the recent developments on charts and on derivatives front,

5/07/2017 11:06:57 AM | Posted in Broking Firm Views - Short Term Report read full news
Sell Tata Communications Ltd For Target Rs.670.00 - Religare Sec

Tata Communications Limited

TATACOMM has been trading in a broader range from last one month, facing resistance around 770 level. On 4th July, it has witnessed a sharp plunge indicating negative bias. Hence, we advise traders to initiate fresh short in the mentioned range

5/07/2017 11:04:21 AM | Posted in Broking Firm Views - Short Term Report read full news

Buy Larsen & Toubro Ltd For Target Rs.1,740.00 - Religare Sec

Larsen & Toubro Limited

After a strong rally from 1300 to 1830 levels, LT has retraced marginal from its record high and found support around its medium term moving averages on daily chart. Considering its prevailing trend, we feel it’s an healthy pause where traders can accumulate fresh long in the given range

5/07/2017 10:56:54 AM | Posted in Broking Firm Views - Short Term Report read full news

Technical Recommendation 4th July 2017

SCRIP NAME AND SYMBOL - RBL Bank Limited

TECHNICAL RATIONALE – RBLBANK, after retracing from its record high, has consolidated around the support area of 100 EMA on the daily chart and formed a fresh buying pivot. The chart pattern combined with indications from the oscillators are pointing towards strong surge ahead. Thus we sug

4/07/2017 3:26:35 PM | Posted in Broking Firm Views - Short Term Report read full news
Derivative Ideas Nifty For Target Rs.70.00 - Religare Sec

 

NIFTY added around 4.5% of open interest as fresh long positions. Put writing was seen at 9600 & 9500 strikes. Some call buying was seen at 9650 strikes. Hence, we suggest doing a bull call spread in Nifty as per levels given below.

 

Strategy:

BUY NIFTY 9650 CE AT 82 & SELL 9750 CE AT 43, NET

4/07/2017 11:57:51 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy UPL Ltd For Target Rs.940.00 - Reliance Se

* UPL once again reversed after taking support of its medium-term moving average 50-day EMA and rose to 6-day closing high.

* Due to recent reversal in the stock, Stochastic reversed from its oversold zone and has given positive cross-over, which is a positive sign.

* Though key technical indicator-RSI has also given positive cross-over, negative divergence w.r.t. prior move

4/07/2017 11:47:59 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy Bajaj Corp Ltd For Target Rs.463.00 - Reliance Se

STOCK IN FOCUS

* Bajaj Corp closed 2.3% up in trade at Rs390 compared to 1% increase in the benchmark Nifty ff The company is the market leader in light hair oil market with volume share of 58%

* Although 4QFY17 numbers were impacted by demonetization and weak consumer demand, we expect recovery in the coming quarters on back of good monsoon,

4/07/2017 11:40:43 AM | Posted in Broking Firm Views - Short Term Report read full news