Buy Sun TV Network Ltd For Target Rs.910.00 - Religare Sec

Sun TV Network Limited

Post decline from its record high, SUNTV has registered a fresh buying pivot on 2nd June, after hovering in narrow range near to its short term moving averages on daily chart. Hence, we advocate buying this stocks as per mentioned levels.

5/06/2017 11:48:22 AM | Posted in Broking Firm Views - Short Term Report read full news

Buy Yes Bank Ltd For Target Rs.1,560.00 - Religare Sec

Strategy:-

YESBANK added around 10% of open interest as fresh long positions. On charts, it has rebounded from 50% Fibonacci retracement levels of last upmove from 1090 to 1650. At current juncture, it is trading on verge of breakout from Inverted Head & Shoulder pattern on intraday charts. Hence, we suggest doing a covered call i

3/06/2017 5:53:24 PM | Posted in Broking Firm Views - Short Term Report read full news
Derivative Ideas For Nifty - Religare Sec

DERIVATIVES OUTLOOK

Nifty futures volume weighted average price (VWAP) is at 9500 and Banknifty futures is at 23025.

* Nifty and Banknifty futures closed with discount of around 8 & 38 points respectively (discount is mainly on account of dividend declared during quarterly results).

* Nifty put writing was seen at 9600 strike, c

3/06/2017 5:48:26 PM | Posted in Broking Firm Views - Short Term Report read full news
Buy Emami Ltd For Target Rs.1,260.00 - Religare Sec

Emami Ltd

Investment Rationale

* Emami is one of the leading players in the personal & healthcare consumer products industry in India, with portfolio of household brand names such as BoroPlus, Navratna, Fair & Handsome, Zandu Balm, Mentho Plus Balm and Fast Relief. It has a portfolio of over 300 produ

2/06/2017 5:53:33 PM | Posted in Broking Firm Views - Short Term Report read full news
Derivative Ideas Engineers India Ltd For Target Rs.170.00 - Religare Sec

Derivative Ideas

ENGINERSIN added around 2.5% of open interest as long positions along with some delivery based buying in previous sessions. On charts, it is holding above important price support of 154-156 levels on daily charts and also closed above past five days congestion zone. We suggest buying ENGINERSIN June futures as per leve

2/06/2017 2:20:41 PM | Posted in Broking Firm Views - Short Term Report read full news
Buy Hindustan Construction Company Ltd For Target Rs.44.50 - Religare Sec

Hindustan Construction Company Limited

After a marginal profit taking from its 52 week high, HCC has rebounded from its important price support of 38-39 levels on daily chart. It has formed a buying pivot near above mentioned price support zone and looks all set for a fresh surge in near future.

2/06/2017 2:17:23 PM | Posted in Broking Firm Views - Short Term Report read full news

Buy Gujarat State Fertilizers and Chemicals Ltd For Target Rs.142.00 - Religare Sec

Gujarat State Fertilizers & Chemicals Limited

GSFC has witnessed price correction on profit taking from its 52 weeks highs. Stock has created a buying pivot near its important price support on daily charts. It is also trading above its short term as well as long term moving averages in higher highs– higher lows formation on daily charts. Henc

2/06/2017 2:09:17 PM | Posted in Broking Firm Views - Short Term Report read full news
Buy CHOLAFIN Ltd For Target Rs.1,100 - Religare Sec

Derivative Ideas

CHOLAFIN added around 10% of open interest as fresh long positions along with some delivery based buying in previous sessions. Daily vwap is around 1025 levels. On charts, it is holding above important 200 EMA on daily charts. Keeping in mind long buildup along with delivery buying around important support levels, we s

1/06/2017 11:39:23 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy Tata Chemicals Ltd For Target Rs.650.00 - Religare Sec

Tata Chemicals Limited (TATACHEM)

TATACHEM has formed a fresh buying pivot on daily chart after a marginal profit taking from its record high. Keeping in the mind the overall trend and chart formation, it’s likely to resume its prevailing uptrend in near future.

1/06/2017 11:36:20 AM | Posted in Broking Firm Views - Short Term Report read full news

Buy Muthoot Finance Ltd For Target Rs.440.00 - Religare Sec

Muthoot Finance Limited (MUTHOOTFIN)

MUTHOOTFIN has posted a fresh breakout on 31st May, after hovering in a narrow range for almost a month near to its short term moving averages on daily chart. The chart formation supported with decent rise in volume clearly indicating strong surge in near future.

1/06/2017 11:30:50 AM | Posted in Broking Firm Views - Short Term Report read full news

Buy Ambuja Cements Ltd For Target Rs.255.00 - Religare Sec

Derivative Ideas

AMBUJACEM added around 4.80% of open interest as fresh long positions. Daily vwap is around 242 levels. On charts, it has bounced back from 200 EMAs on daily charts. Keeping in mind the long buildup around support levels, we suggest buying AMBUJACEM June futures as per levels given below.

 

31/05/2017 9:55:17 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy Siemens Ltd For Target Rs.1,460.00 - Religare Sec

Siemens Limited (SIEMENS )

SIEMENS has retraced marginally from the top and currently consolidating near to its short term moving averages on the daily chart. The overall chart structure is still bullish and we expect swift rebound in near future.

31/05/2017 9:52:32 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy Hero MotoCorp Ltd For Target Rs.120.00 - Religare Sec

Derivative Ideas

HEROMOTOCO added around 5% of open interest as fresh long positions along with some delivery based buying in previous session. Daily vwap is around 3660 levels. On charts, it is trading above important short term as well as long term moving averages on daily charts in higher highs—higher lows formation. It is als

30/05/2017 11:37:52 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy Indian Oil Corporation Ltd For Target Rs.398.00 - Religare Sec

Indian Oil Corporation Limited (IOC)

IOC has been witnessing profit taking, after failed to cross the hurdle around 450 after multiple attempts and likely to retrace further. Traders can use any bounce to initiate fresh shorts in the given range.

30/05/2017 11:35:16 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy Britannia Industries Ltd For Target Rs.3,600.00 - Religare Sec

Britannia Industries Limited (BRITANNIA)

After a sharp correction from its record high, BRITANNIA has retraced closer to its support zone of medium term moving averages on daily chart, offering traders to initiate fresh longs. We expect minor consolidation followed by strong rebound in near future.

30/05/2017 11:33:09 AM | Posted in Broking Firm Views - Short Term Report read full news

Technical Recommendation 30th May 2017

SCRIP NAME AND SYMBOL - Apollo Tyres Limited (APOLLOTYRE)

TECHNICAL RATIONALE – APOLLOTYRE has witnessed marginal profit taking of late, after hitting a new record high in early May. It’s currently hovering around the support area of short term moving average and forming a fresh buying pivot. Considering its

30/05/2017 10:47:49 AM | Posted in Broking Firm Views - Short Term Report read full news
Derivative Ideas Nifty For Target Rs.110.00 - Religare Sec

Derivative Ideas

NIFTY futures added fresh long build up in terms of open interest . Nifty futures has rolled around 74% into June contract. Call buying was seen at 9600 strike and put writing was seen at 9400 & 9300 strike. We suggest buying nifty 9600 CE as per levels given below.

 

Strateg

29/05/2017 2:19:57 PM | Posted in Broking Firm Views - Short Term Report read full news
Buy Reliance Industries Ltd For Target Rs.1,380.00 - Religare Sec

Reliance Industries Limited

RELIANCE, after a sharp rally, has witnessed marginal profit taking and reached closer to its support zone of short term moving averages on daily chart. We feel it’s a healthy correction, offering traders to initiate long trades in the stock.

29/05/2017 2:15:46 PM | Posted in Broking Firm Views - Short Term Report read full news

Buy Indiabulls Housing Finance Ltd For Target Rs.1,150 - Religare Sec

Indiabulls Housing Finance Limited

IBULHSGFIN, after retracing marginally from its record high, took support at the short term moving average around 1020 and rebound strongly on Friday i.e. 26th May. All indications are in the favour of recovery to continue.

29/05/2017 2:02:40 PM | Posted in Broking Firm Views - Short Term Report read full news

Derivative Ideas Nifty For Target Rs.100.00 - Religare Sec

DERIVATIVES OUTLOOK

*  Nifty futures volume weighted average price (VWAP) is at 9380 and Banknifty futures is at 22800.

*  Nifty futures closed with premium of around 25 points implying fresh long buildup.

*  Nifty put writing was seen at 9500 strike. Maximum positions are still at 9400 PE and 9600 CE.

* &nb

27/05/2017 4:51:34 PM | Posted in Broking Firm Views - Short Term Report read full news
Accumulate HSIL Ltd For Target Rs.410.00 - Religare Sec

Investment Rationale

*  HSIL Limited is a diversified, consumer focused organization, with leadership position in sanitaryware and glass containers industries. While in the bathroom fittings business, the company has already reached #3 positions in the faucet category, it is concurrently gaining considerable market traction in the newly launched

27/05/2017 4:28:22 PM | Posted in Broking Firm Views - Short Term Report read full news
Derivative Ideas Nifty For Target Rs.65.00 - Religare Sec

Derivative Ideas

NIFTY futures added around 14.20% of open interest as fresh long positions. Nifty futures has rolled around 68% into June contract. Call buying was seen at 9600 strike and put writing was seen at 9400 & 9300 strike. We suggest buying nifty 9600 CE as per levels given below.

 

26/05/2017 11:24:50 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy Siemens Ltd For Target Rs.1,420 - Religare Sec

Siemens Limited (SIEMENS)

SIEMENS, after a strong up move, has witnessed marginal profit taking and reached closer to its major support zone around 1320. We feel it is a healthy correction and expect swift rebound from the current levels.

26/05/2017 11:21:52 AM | Posted in Broking Firm Views - Short Term Report read full news

Buy The Federal Bank Ltd For Target Rs.122.00 - Religare Sec

The Federal Bank Limited (FEDERALBNK)

After a sharp rally, it has retraced marginal from the top and took support around the short term moving averages on daily chart. And now, it looks all set to resume the uptrend. Traders can buy fresh in the given range.

26/05/2017 11:14:25 AM | Posted in Broking Firm Views - Short Term Report read full news