Buy Pidilite Industries Ltd For Target Rs.720.00 - Reliance Sec

Technical Research

* Pidilite Industries reversed after taking support of its medium-term moving average 50-day EMA and later rose to 6-day closing high.

* Rise in Stochastic post positive cross-over and reversal in RSI from its neutral line is signaling that downside will be limited in the stock and soon it will resume the uptrend.

10/03/2017 11:51:42 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy State Bank of India Ltd For Target Rs.326.00 - Reliance Sec

STOCK IN FOCUS

* State Bank of India (SBI) closed 1.2% higher, outperforming benchmark NIFTY, which closed flat.

* SBI has been able to deliver relatively better operating performance compared to its peers despite elevated stress in balance sheet.

* We believe that the Bank has been able to clean-up its loan book ef

10/03/2017 11:44:34 AM | Posted in Broking Firm Views - Short Term Report read full news
Derivative Ideas Marico Ltd For Target Rs.288.00 - Religare Sec

Derivative Ideas

MARICO added around 4% of open interest as fresh long position along with good delivery based buying in previous session. On charts, it is trading strong above its short term as well as long term moving averages on charts. We recommend buying Marico Mar futs as per levels given below.

 

10/03/2017 11:39:43 AM | Posted in Broking Firm Views - Short Term Report read full news
Sell Bata India Ltd For Target Rs.475.00 - Religare Sec

Bata India Limited (BATAINDIA)

After its failed attempt to cross major hurdle around 515 level, BATAINDIA has formed a fresh shorting pivot on the daily chart. Traders should use any bounce to initiate shorts in the given range.

10/03/2017 9:05:42 AM | Posted in Broking Firm Views - Short Term Report read full news

Buy ITC Ltd For Target Rs.280.00 - Religare Sec

ITC Limited (ITC)

ITC, after a strong surge, has retraced marginally from the top and offering fresh opportunity to enter. Existence of short-term moving averages and chart pattern are in the favour of strong rebound ahead.

10/03/2017 9:05:35 AM | Posted in Broking Firm Views - Short Term Report read full news

Derivative Ideas Reliance Communications Ltd For Target Rs. 3.00 - Religare Sec

RCOM added around 10% of open interest as short positions. Daily vwap is around 35.15 levels. Put buying was seen at 35 strike along with call writing was seen at 35 strike. On charts, it is trading below its long term as well as short term moving averages on charts. We suggest buying 35 PE as per levels given below.

 

Strategy:

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9/03/2017 11:11:49 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy UPL Ltd For Target Rs.740-755 - Reliance Sec

Technical Research

* The stock remained in pressure post recording life-time-high, but day before yesterday, it reversed after taking support of its 50% Fibonacci Retracement level of prior up-move (Rs606-755) and also the long-term moving average of 100 days.

* Key technical indicators-Stochastic & RSI turned upwards from their oversold

9/03/2017 11:09:20 AM | Posted in Broking Firm Views - Short Term Report read full news
Sell DLF Ltd For Target Rs.136.00 - Religare Sec

DLF Limited

DLF, after its failed attempt to cross the long term hurdle around 160, has formed a fresh shorting pivot on the daily chart. Traders may initiate fresh short in the given range.

 

Recommendation

Sell DLF Limited March Future @ 144-145  Stoploss 147 Target 136 CMP

9/03/2017 11:05:21 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy J Kumar Infraprojects Ltd For Target Rs.270.00 - Reliance Sec

STOCK IN FOCUS

* J Kumar Infraprojects (JKIL) gained over 5% in yesterday’s trade on the expectation of better performance in ensuing quarters with the pickup in execution of key projects.

* With three metro projects in Mumbai secured back-to-back worth over Rs67bn, JKIL’s order book zoomed by 3.0x to Rs97bn. With order book to TT

9/03/2017 11:01:56 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy Jubilant Life Sciences Ltd For Target Rs.780.00 - Religare Sec

Jubilant Life Sciences Limited

JUBILANT has been holding strong above its short-term moving averages i.e. 50 day EMA on daily chart. Further, on 8th March, it has witnessed fresh breakout from its consolidation phase, supported by decent volume. Hence, we suggest traders to initiate fresh long in the mentioned range.

 

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9/03/2017 10:58:29 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy UPL Ltd For target Rs. 740.00 - Reliance Sec

Technical Research

*  The stock remained in pressure post recording life-time-high, but yesterday, it reversed after taking support of its 50% Fibonacci Retracement level of prior up-move (Rs606-755) and also the long-term moving average of 100 days. f Key technical indicators-Stochastic & RSI turned upwards from their oversold zone, which is

8/03/2017 2:41:28 PM | Posted in Broking Firm Views - Short Term Report read full news
Buy Srikalahasthi pipes Ltd For Target Rs. 390.00 - Reliance Sec

STOCK IN FOCUS

* Srikalahasthi pipes (SPL) closed ~2% higher outperforming the CNX Mid-cap index by 2% supported by 1.2x its 2-week average traded volum

* Lack of adequate sanitation has been prompting the government to focus on improving water supply and sewerage infrastructure through multiple schemes like JNNURM & Swachh Bharat Mission

8/03/2017 2:36:42 PM | Posted in Broking Firm Views - Short Term Report read full news
Buy Kaveri Seed Company Ltd For Target Rs. 560.00  -Religare Sec

Kaveri Seed Company Limited ( KSCL)

KSCL has been gradually inching higher for last six months and witnessed a fresh breakout with noticeable rise in volume of late. Considering all, we suggest traders to initiate fresh longs in the mentioned range.

 

Recommendation

Buy Kaveri Seed Com

8/03/2017 9:15:19 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy Colgate Palmolive (India) Ltd For  Target Rs. 980.00 - Religare Sec

Colgate Palmolive (India) Limited (COLPAL )

COLPAL has witnessed breakout from a consolidation range on 7th March and looks all set for fresh surge. Traders can use any dip to accumulate in the given range.

 

Recommendation

Buy Colgate Palmolive (India) Limited @ 925-930  Stoploss

8/03/2017 9:14:38 AM | Posted in Broking Firm Views - Short Term Report read full news
Derivative Ideas Siemens For Target Rs. 1260.00 - Religare Sec

Derivative Ideas

SIEMENS added around 8.5% of open interest as long positions. On charts, it has created a buying pivot on daily charts and also trading on verge of upside breakout from congestion zone of last five weeks or so. It is also trading above its short term as well as long term moving averages on daily charts. We expect it to test 1260 in sho

8/03/2017 9:10:45 AM | Posted in Broking Firm Views - Short Term Report read full news
Derivative Ideas Punjab National Bank Ltd For Target Rs.7.00 - Religare Sec

Derivative Ideas

PNB added around 1.5% of open interest as long positions along with some delivery based buying in previous session. Call buying was seen at 145 & 150 strikes and huge put writing was seen at 135 & 140 strikes. We suggest buying PNB 145 CE as per levels given below.

 

Stra

7/03/2017 11:31:10 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy Union Bank Of India Ltd For Target Rs. 159.00 - Reliance Sec

* The stock has seen a decent correction from the high of 172 levels and consistently making higher bottoms in the past few days with positive price action.

* The key technical indicators and RSI has also reversed turning upwards confirming the uptrend in the coming days. .

* The stock is consistently trading in band of its averages and with the sector in focus it is likely

7/03/2017 11:26:36 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy Shriram Transport Finance Ltd For Target Rs.1,159.00 - Reliance Sec

STOCK IN FOCUS

* Shriram Transport Finance (STFC) closed 1.6% higher, outperforming benchmark NIFTY by 0.8%.

* We expect STFC’s operating environment would improve post completion of remonetisation process and implementation of BS-IV emission norms for vehicles and rollout of Goods & Services Tax (GST).

* Disbursement has

7/03/2017 11:21:39 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy Tata Global Beverages Ltd For Target Rs.155.00 - Religare Sec

Tata Global Beverages Limited (TATAGLOBAL)

TATAGLOBAL has been holding strong above its multiple moving averages on daily chart. Further, it is also on the verge of breakout from the consoli-dation range. We suggest traders to initiate fresh longs in the given range.

7/03/2017 9:10:54 AM | Posted in Broking Firm Views - Short Term Report read full news

Technical Recommendation 6th March 2017

TECHNICAL RATIONALESPARC, after spending nearly five months in consolidation range, has witnessed a breakout. Cur-rently, it’s hovering around the neckline (support) area of the range, offering opportunity to enter fresh. Traders may accu-mulate in the given range.

6/03/2017 5:31:19 PM | Posted in Broking Firm Views - Short Term Report read full news

Buy Godrej Industries Ltd For Target Rs.530.00 - Reliance Sec

* Godrej Industries slipped to Rs477 from its life-time-high Rs525 on back of profit booking at higher levels. Later the stock has witnessed decent rebound, but it reversed before recording fresh high. Currently, it is trading around 2-week low.

* Though key technical indicators-Stochastic & RSI are trading below its average, both are stuck around their key reversal area and about

6/03/2017 11:37:39 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy Bajaj Corp Ltd For Target Rs1.481.00 - Reliance Sec

STOCK IN FOCUS

* In the light of demonetisation and its resultant impact on consumer demand Bajaj Corp has reported decent numbers in 3QFY17.

* Its net sales fell by 4.8% yoy to Rs1.9bn, while net profit grew by 17.2% yoy to Rs578mn aided by favourable base that included amortisation charge of Nomarks.

* We expect recovery in demand

6/03/2017 11:31:31 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy Pidilite Industries Ltd For Target Rs. 685.00 - Religare Sec

Pidilite Industries Limited (PIDILITIND)

PIDILITIND has been witnessing profit taking after a breakout from its ‚Inverted Head and Shoulder pattern‛. It’s a normal profit taking and traders can utilize this fall to accumulate in the mentioned range.

6/03/2017 9:34:53 AM | Posted in Broking Firm Views - Short Term Report read full news