Buy Cummins India Ltd For Target Rs.970.00 - Choice Broking

* On an hourly chart, recently the stock has taken a support of its lower band of Upward Rising channel in which it has been trading since last many days which indicates an upside move in the counter from the present level.

* On a daily chart, the stock has started to trade above its 20 days exponential moving average with above average volume which shows that the stock may further pr

11/09/2017 3:41:17 PM | Posted in Broking Firm Views - Short Term Report read full news
Buy Syngene International Ltd For Target Rs.550.00 - Choice Broking

* Incorporated in 1993 as a subsidiary of Biocon Limited, Syngene is a leading custom research and manufacturing organization, which supports R&D programs from lead generation to clinical supplies. Their multi-disciplinary skills in integrated drug discovery and development include capabilities in medicinal chemistry, biology, in vivo pharmacology, toxicology, custom synthesis, process R&am

11/09/2017 12:24:58 PM | Posted in Broking Firm Views - Short Term Report read full news
Sell SRF Ltd For Target Rs.1,440.00 - Reliance Sec

* SRF reversed after facing resistance from its prior break-down line and slipped to 3-day closing low. Previously, the stock has plunged to Rs1,410 after a similar reversal from the trend line.

* Negative cross-over in Stochastic around its overbought zone is signaling that up-side will be limited in the stock (if any).

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

11/09/2017 12:06:56 PM | Posted in Broking Firm Views - Short Term Report read full news
Buy Jyothy Laboratories Ltd For Target Rs.430.00 - Reliance Sec

STOCK IN FOCUS

* Jyothy Laboratories (JYL) closed 0.5% higher in trade today at Rs397 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

11/09/2017 12:00:54 PM | Posted in Broking Firm Views - Short Term Report read full news
Sell IRB Infrastructure Developers Ltd For Target Rs.210.00 - Religare Sec

IRB Infrastructure Developers Limited

IRB has been under pressure for last four months and trading well below the moving averages (i.e. 200/100/50 EMA) on daily chart. The chart pattern indicates further slide ahead so use any technical bounce to go short in the given range.

11/09/2017 11:25:05 AM | Posted in Broking Firm Views - Short Term Report read full news

Buy Marico Ltd For Target Rs.338.00 - Religare Sec

Marico Limited

After hovering in a narrow range near to its support zone of medium term moving averages on daily chart, MARICO has posted a breakout from the same of late and looks upbeat to resume this uptrend in near future. Traders can accumulate fresh in the given range.

11/09/2017 11:22:00 AM | Posted in Broking Firm Views - Short Term Report read full news

Buy Wipro Ltd For Target Rs.6.90 - Religare Sec

Strategy:-

WIPRO added around 3.8% in open interest as fresh long positions with some delivery based buying in previous session. Current chart pattern too indicate fresh surge in price. We suggest buying WIPRO September call options as per levels mentioned below.

 

Strategy: Buy WIPRO SEP 300CE between 2.70-2.80, SL-0.8, TGT-6

9/09/2017 10:27:53 AM | 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 9940 and Banknifty futures is at 24420.

* Call writing was seen at Nifty 10000 strike and Put writing was seen at Nifty 9900 strikes.

* Maximum positions are at 10000 CE and 9700 PE. Nifty is expected to be in the range of 9850-10050.

* Textile,

9/09/2017 10:23:46 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy Max Ventures and Industries Ltd For Target Rs.108.00 - Choice Broking

The stock has started to trade as per the momentum triple pattern theory on a daily chart which indicates bullish sentiments in the counter.

On a daily chart, the stock has given a breakout of its last distribution level of 95 with a strong bullish candlestick formation which suggests a further upside movement in the counter.

Moreover, we can see a positive crossover of its

8/09/2017 4:52:41 PM | Posted in Broking Firm Views - Short Term Report read full news
Buy Biocon Ltd For Target Rs.365.00 - Choice Broking

On an hourly chart, we can see an Ugly Double Bottom formation at around 323 level which is a bullish reversal formation.

Moreover, the stock has started to trade above its 20 hours exponential moving average which shows further upside movement in the counter from the present level.

On a weekly chart, the stock has tested a strong support of its 50 weeks exponential moving a

8/09/2017 4:31:30 PM | Posted in Broking Firm Views - Short Term Report read full news
Buy State Trading Corporation Of India Ltd For Target Rs.183.50 - Choice Broking

On an hourly chart, the stock has started to trade as per the momentum triple patter theory which indicates a bullish trend formation in the counter.

Moreover, the stock is forming a strong bullish candle after taking a support of its 20 hours exponential moving average with an increase in volume activity which suggests a further upside movement in upcoming trading sessions.

8/09/2017 2:26:47 PM | Posted in Broking Firm Views - Short Term Report read full news
Buy Archidply Industries Ltd For Target Rs.103.00 - Choice Broking

* The stock has been trading as per the momentum triple pattern theory on weekly and monthly chart which signifies the long term trend is bullish in the counter.

* On a daily chart, the stock had halted its healthy correction around the 85 level from where the last positive rally was started. Moreover, the stock has given a bounce back move after taking a strong support of its 100 day

8/09/2017 2:05:54 PM | Posted in Broking Firm Views - Short Term Report read full news
Buy IDBI Bank Ltd For Target Rs.59.70 - Choice Broking

* On an hourly chart, the stock has started to trade above the 100 hours exponential moving average after taking a strong support at the confluence of its 20 & 50 hours exponential moving averages.

* On a weekly chart, we can see an upward move after the hammer candlestick formation which indicates a further upside move in the counter.

* On a monthly chart, the stock has

8/09/2017 1:37:27 PM | Posted in Broking Firm Views - Short Term Report read full news
Buy NTPC Ltd For Target Rs.185.00 - Reliance Sec

* NTPC reversed after taking support of its long-term moving averages and managed to give break-out from the intermediate falling trend line. Post break-out, the stock rose to 8-day high.

* Due to recent recovery in the price, the key technical indicator-RSI reversed from sub-50 mark and given positive cross-over, signaling strength in the stock.

* As per the current daily s

8/09/2017 12:25:48 PM | Posted in Broking Firm Views - Short Term Report read full news
Buy Emami Ltd For Target Rs.1,316.00 - Reliance Sec

STOCK IN FOCUS

* Emami closed 1.2% up in trade today at Rs1,120 compared to 0.2% increase in the Nifty index.

* With flagship brands such as Navratna, Boroplus, Fair & Handsome and Zandu, Emami is the leading player in the FMCG market with market leadership in all four categories. Some of its flagship brands have demand that is seasonal i

8/09/2017 12:21:23 PM | Posted in Broking Firm Views - Short Term Report read full news
Derivative Ideas IndusInd Bank Ltd For Target Rs.28.00 - Religare Sec

Derivative Ideas

INDUSINDBK added around 4.1% in open interest as fresh long positions with some delivery based buying in previous session. Current chart pattern too indicate fresh surge in price. We suggest buying INDUSINDBK September call options as per levels mentioned below.

 

Strategy:

8/09/2017 12:08:56 PM | Posted in Broking Firm Views - Short Term Report read full news
Sell Allahabad Bank Ltd For Target Rs.66.00 - Religare Sec

Allahabad Bank

ALBK, after the recent bounce, has failed to sustain above its resistance zone around 72 mark and has formed a fresh shorting pivot on chart. Keeping in mind its overall trend, we suggest initiating fresh shorts in the given range.

8/09/2017 12:05:09 PM | Posted in Broking Firm Views - Short Term Report read full news

Buy Capital First Ltd For Target Rs.820.00 - Religare Sec

Capital First Limited

CAPF has posted a fresh breakout from its consolidation phase of late and looks upbeat to maintain that momentum. The broader chart structure too is pointing towards strong surge ahead. We suggest traders to go fresh long as per as the mentioned levels.

8/09/2017 11:59:37 AM | Posted in Broking Firm Views - Short Term Report read full news

Buy Maharashtra Seamless Ltd For Target Rs.465.00 - Choice Broking

* On a daily chart, the stock is trading near to its all time high level 443 and formed a bullish candle with increase in volume activity which indicates a further upside movement.

* Moreover, the stock has been trading as per the momentum triple pattern theory which shows bullish sentiments in the counter.

* A daily momentum indicator RSI reading is at 71.28, trending in an

7/09/2017 4:36:04 PM | Posted in Broking Firm Views - Short Term Report read full news
Buy GIC Housing Finance Ltd For Target Rs.578.00 - Choice Broking

* The stock has been trading as per the momentum triple pattern theory in all time frames such as daily, weekly and monthly chart which signifies bullish trend in the counter.

* On a daily chart, the stock has taken a support of its 150 days exponential moving average and bounced back towards north which indicates an upside move in the counter. Moreover, the stock has given a breakout

7/09/2017 4:04:33 PM | Posted in Broking Firm Views - Short Term Report read full news
Buy Berger Paints India Ltd For Target Rs.275.00 - Choice Broking

* On a daily chart, the stock has given a breakout of the upper leg of the symmetrical triangle formation which indicates an upside movement in the counter.

* Moreover, the stock is forming bullish candles with an increase in volume activity which shows an accentuate buying activity during the trading sessions.

* Furthermore, the stock has started to trade above the 20-50-10

7/09/2017 3:57:50 PM | Posted in Broking Firm Views - Short Term Report read full news
Buy Marico Ltd For Target Rs.338.00 - Reliance Sec

* Marico is consolidating around its short-term moving average 20-week EMA after witnessing sharp decline from its life-time-high of Rs337.85. So far, its short-term moving has worked as a key reversal point for the stock.

* Positive cross-over in Stochastic and reversal in RSI from sub-50 mark is signaling that the stock is on a verge of turnaround and will soon resume its uptrend.

7/09/2017 2:14:35 PM | Posted in Broking Firm Views - Short Term Report read full news
Buy ABB India Ltd For Target Rs.1,607.00 - Reliance Sec

* ABB India was among the earliest players to tap solar opportunity in India via range of solar inverters (50% market share) and power evacuation solutions.

* In T&D space, high technology products i.e. HVDC, Static Compensators, FACTS & GIS are its key focus areas.

* On the Rail side, it supplies Traction Transformers & Converters, which constitute 4-5% of annua

7/09/2017 2:08:07 PM | Posted in Broking Firm Views - Short Term Report read full news
Derivative Ideas Voltas Ltd For Target Rs.25.00 - Religare Sec

Derivative Ideas

VOLTAS shed around 0.6% in open interest as short covering was seen in it in previous session. Current chart pattern too indicate fresh surge in price. We suggest buying VOLTAS September call options as per levels mentioned below.

 

Strategy:

Buy VOLT

7/09/2017 2:03:49 PM | Posted in Broking Firm Views - Short Term Report read full news
Buy Asian Paints Ltd For Target Rs.1,250.00 - Religare Sec

Asian Paints Limited

ASIANPAINT has taken a pause near its record high post breakout from its consolidating phase. We feel it’s normal profit taking and advise traders to use this phase to accumulate fresh longs in the given range.

7/09/2017 1:58:34 PM | Posted in Broking Firm Views - Short Term Report read full news