Sell Godrej Industries Ltd For Target Rs.390.00 - Reliance sec

Technical Research

* The stock reversed facing resistance of its upper band of the rising channel and with its second consecutive down tick settled below its 20-weeks EMA, which is signaling that stock will turnaround in the short-term.

* Negative divergence in Stochastic & RSI w.r.t. recent price rise is also coinciding with our view and

7/11/2016 10:33:34 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy NTPC Ltd For Target Rs.178.00 - Reliance sec

STOCK IN FOCUS

* NTPC reported strong quarterly numbers in-line with our estimate, it’s adjusted net sales surged 3.9% yoy in 2QFY17owing to ~9% growth in regulated equity on the back of commissioning of new capacity, partly offset by lower other income and PLF incentives.

* Its EBITDA rose by 31.1% yoy owing to improved operating margi

7/11/2016 10:29:32 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy Nifty For Target Rs.350.00 - Religare Sec

Strategy:-

Index options buying by FIIs indicating rise in volatility ahead of US presidential election which is scheduled next week. Keeping in mind the increased volatility and major event, we recommend doing long straddle in Nifty.

 

Strategy:

BUY NIFTY 8500 CE @ 100-105 & BUY

5/11/2016 10:39:32 AM | Posted in Broking Firm Views - Short Term Report read full news
Derivative Ideas For Nifty - Religare Sec

DERIVATIVES OUTLOOK

* Nifty Nov futures volume weighted average price (VWAP) is at 8605 and Banknifty futures is at 19490.

* Put buying was seen at Nifty 8400 strikes & Call writing was seen at Nifty 8600 & 8700 strike.

* In options, highest positions are at 9000 CE and 8200 PE.

* Nifty is expected to be in the ran

5/11/2016 10:37:54 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy HDFC Bank Ltd For Target Rs.1,433.00 by Reliance sec

STOCK IN FOCUS

* HDFC Bank has reported healthy growth in profit led by strong growth in NII, treasury and forex income in 2QFY17. Its NII grew by strong 19.6% yoy (2.7% qoq) led by 18.1% yoy (5.1% qoq) growth in loan book. However, NIMs declined by 20bps qoq as the Bank managed to maintain higher liquidity to facilitate redemption of FCNR deposits.

4/11/2016 12:09:14 PM | Posted in Broking Firm Views - Short Term Report read full news
Sell Dr Reddys Laboratories Ltd For Target Rs.3100-3050 - Reliance Sec

Technical Research

* The stock reversed facing resistance of its 61.8% Fibonacci Retracement level of prior sharp decline (from Rs3690-2925) signaling short-term weakness.

* Stochastic & RSI are also coinciding with our view, as both the indicators are in bearish mode.

* We believe the stock will remain in pressure for the short

4/11/2016 10:47:07 AM | Posted in Broking Firm Views - Short Term Report read full news
Sell Havells India Ltd For Target Rs.365.00 - Religare Sec

Havells India Limited

HAVELLS crossed past two week trading range form the down side, registering break down. Volume too supported down side move, indicating fresh short positions have been build and carried forward. Considering all, we advocate short-selling in mentioned range.

 

Recommendation

4/11/2016 10:39:09 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy Power Grid Corporation of India Ltd For Target Rs.190.00 - Religare sec

Power Grid Corporation of India Limited

Despite weakness in broader markets, POWERGRID is consolidating at higher levels, above its 100 EMA support from past couple of weeks. This clearly indicates strength; hence, we believe this ongoing consolidation phase can be utilized for taking fresh long positions.

 

Reco

4/11/2016 10:31:09 AM | Posted in Broking Firm Views - Short Term Report read full news
Derivative Ideas Hindustan Unilever Ltd For Target Rs.26.00 - Religare Sec

HINDUNILVR added 3.1% of open interest as long positions. On charts, it is trading on verge of breakout from congestion zone of last 14 days on daily charts. It has a price support 820 levels.

 

Strategy:

BUY HINDUNILVR 840 CE @ 16-18 & SELL 880 CE @ 4-6, SPREAD AT 12, SL 9, TARGET 26.

3/11/2016 11:01:28 AM | Posted in Broking Firm Views - Short Term Report read full news
Sell Canara Bank Ltd For Target Rs.270.00 - Religare Sec

Canara Bank

Breakdown from head and shoulder pattern is visible on daily chart of CANBK. It is a bearish trend reversal pattern indicating down side move ahead. Considering this, we advocate short-selling in mentioned range.

 

Recommendation

Sell Canara Bank November Future @296-300 &n

3/11/2016 10:55:26 AM | Posted in Broking Firm Views - Short Term Report read full news
Sell BEML Ltd For Target Rs.880-860 - Reliance sec

Technical Research

* Stock tried to recover prior damage after witnessing sharp decline (i.e. from Rs1101 to Rs856), but later failed to surpass its 50-days EMA despite a decent efforts and once again reversed facing resistance of that average.

* Negative cross-over in Stochastic & RSI is singling short-term weakness in the stock.

3/11/2016 10:51:56 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy Hindalco Industries Ltd For Target Rs.170.00 - Religare Sec

Hindalco Industries Limited

Despite weakness in broader markets, HINDALCO is trading near its 52-week high. On Wednesday, when Nifty index settled after losing over 100 points, it ended on flat note. All this indicates buyer’s interest at current levels.

 

Recommendation

Buy Hind

3/11/2016 10:50:37 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy IndusInd Bank Ltd For Target Rs.1,447.00 - Reliance

STOCK IN FOCUS

* Indusind Bank demonstrated strong performance in 2QFY17 led by the robust growth in balance sheet, best in class NIM’s of 4% coupled with consistent improvement on all major assets quality parameters

* The bank is well on the track to achieve the target set for Planning Cycle-III by consistently achieving its short-term

3/11/2016 10:35:33 AM | Posted in Broking Firm Views - Short Term Report read full news
Technical Recommendation 1st November 2016

COX&KINGS

TECHNICAL RATIONALE –

COX&KINGS has seen decent recovery of late and currently trading in a narrow range, result in for-mation of Flag pattern on weekly chart. Its chart formation and other supporting indicators are pointing towards the possi-bility of upside breakout in near future. T

3/11/2016 9:56:04 AM | Posted in Broking Firm Views - Short Term Report read full news
Derivative Ideas Mindtree Ltd For Target Rs. 470.00 - Religare Sec

Mindtree Ltd 

MINDTREE added 2.9% of open interest as fresh long positions. Stock is trading in oversold zones and short covering is most likely to emerge around current levels.

 

Strategy:

BUY MINDTREE NOV FUTS AT 436-437, SL 414, TARGET 470.

 

To Read C

2/11/2016 12:31:31 PM | Posted in Broking Firm Views - Short Term Report read full news
Buy Glenmark Pharmaceuticals Ltd For Target Rs. 1020.00 - Reliance Sec

Technical Research

*  Stock rose to 11-months high post giving break-out from the intermediate falling trend line, where volume was relatively higher.

*  Rise in RSI after positive cross-over is signaling strength in the stock.

*  MACD is trading above neutral line and about to give positive cross-over, which is also

2/11/2016 12:26:03 PM | Posted in Broking Firm Views - Short Term Report read full news
Sell Andhra Bank Ltd For Target Rs. 55.00 - Religare Sec

Andhra Bank Ltd

Among the PSU banking counter, ANDHRABANK has been underperforming since long and main-taining its downtrend. The recent rebound should be considered as shorting opportunity. 

 

Recommenda

2/11/2016 12:24:50 PM | Posted in Broking Firm Views - Short Term Report read full news
Buy Colgate-Palmolive (India) Ltd For Target Rs.1,105.00 - Reliance Sec

STOCK IN FOCUS 

*  Colgate-Palmolive (India) reported net sales growth of 9.4% to Rs10.5bn, while net profit increased 15.6% yoy to Rs1.8bn in 2QFY17. The Company’s overall volume grew by 4% yoy during the quarter.

*  Though the stock performance continues to remain pretty muted in last two years owing to heightened compe

2/11/2016 11:53:57 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy CESC Ltd For Target Rs. 655.00 - Religare Sec

CESC Ltd

CESC has recently witnessed an upside breakout from the declining channel on daily chart and looks upbeat to extend its momentum in days to come.

 

Recommendation

Bu

2/11/2016 11:44:43 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy Sun Pharma Ltd For Traget Rs.785-795 - Reliance Sec

Technical Research

*  The stock has consolidated and formed a good base making higher bottoms on daily charts in 730-740 range over the last one month.

*  The key technical indicators RSI has also started turning upwards and it is on the verge of its crossover of its short term averages.

*  The weekly set up for the s

1/11/2016 12:20:23 PM | Posted in Broking Firm Views - Short Term Report read full news
Buy Navkar Corporation Ltd For Target Rs.248.00 - Reliance Sec

STOCK IN FOCUS

*  Navkar Corporation closed ~1% in-line with the CNX Mid-cap index and supported by 1.4x its 2-week average traded volume

*  The logistics sector is expected benefit immensely due to GST and the big opportunity will arise from the companies in remapping and realigning their supply chains.

*  With GST b

1/11/2016 12:07:05 PM | Posted in Broking Firm Views - Short Term Report read full news
Derivative Ideas Nifty For Target Rs.370.00 - Religare Sec

Derivative Ideas

NIFTY-Huge index option buying by FIIs is indicating a surge in volatility that can lead a swing of around 200-300 points in Nifty.

Strategy:

BUY NIFTY 8650 CE @ 130 & BUY 8650 PE @ 115, NET PERMIUM PAID @ 245, STOPLOSS 180, TARGET 370.

 

To Read Complete Report 

1/11/2016 11:54:40 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy Bajaj Auto Ltd For Target Rs.3060.00 - Religare Sec

Bajaj Auto Limited (BAJAJ-AUTO)

After the recent corrective phase, BAJAJ-AUTO rebounded strongly on Friday i.e. on Oct, 28, taking support from its long term moving average of 100 EMA on the daily chart. It now looks upbeat for a strong surge ahead.

 

1/11/2016 11:46:38 AM | Posted in Broking Firm Views - Short Term Report read full news