Derivative Ideas For Nifty For Target Rs. 370.00 - Religare Sec

DERIVATIVES OUTLOOK

*  Nifty Nov futures volume weighted average price (VWAP) is at 8660 and Banknifty futures is at 19600.

*  Put writing was seen at Nifty 8300 & 8400 strikes & Call writing was seen at Nifty 8800 & 8900 strike.

*  In options, highest positions are at 9000 CE and 8500 PE.

* &nbs

29/10/2016 4:31:24 PM | Posted in Broking Firm Views - Short Term Report read full news
Buy ITC Ltd For Target Rs.284.00 - Reliance Sec

STOCK IN FOCUS

* ITC reported good set of numbers in 2QFY17 with its net sales growing by 9.6% yoy to Rs95.4bn and net profit rising by 10.5% yoy to Rs25bn.

* Volume in cigarettes business is estimated to have grown by ~4% in 2QFY17 compared to 2% growth in 1Q FY17, led by strong growth in DSFT cigarettes. Segmental EBIT margins improved 40bp

28/10/2016 11:01:31 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy Sun Pharmaceutical Industries Ltd For Target 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 stock a

28/10/2016 10:55:05 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy Apollo Tyres Ltd For Target Rs. 215 .00 - Religare Sec

Apollo Tyres Limited

After the strong surge, APOLLOTYRE has been witnessing profit taking for last one month and now reached closer to its immediate support zone. Use further fall to accumulate in the given range.

 

Recommendation

Buy Apollo Tyres Limited @ 194-196  Stoploss 188&n

28/10/2016 10:49:49 AM | Posted in Broking Firm Views - Short Term Report read full news
Derivative Ideas Mahindra & Mahindra Ltd For Target Rs.1350.00 - Religare Sec

M&M added 12.90% of open interest as fresh long positions. It has rolled around 45% into November series. It is trading near its price support zone on daily charts. We are anticipating it to rebound from these levels.

 

Strategy:

BUY M&M NOVEMBER FUTS BETWEEN 1305-1308, SL 1290, TARGET 1350.

 

27/10/2016 10:45:00 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy NTPC Ltd For Target Rs.162.00 - Reliance sec

Technical Research

* NTPC reversed taking support of its 50-weeks EMA and later rose to almost three week high.

* Stochastic is rising after a positive cross-over.

* RSI is currently trading above 50-mark and about to cross its average.

* As per the current weekly set-up, we believe that stock will continue prior rising tr

27/10/2016 10:41:31 AM | Posted in Broking Firm Views - Short Term Report read full news
Sell Reliance Power Ltd For Target Rs.45.00 - Religare Sec

Reliance Power Limited

RPOWER has been trading in downtrend since long and formed a fresh shorting pivot post recent re-bound on the daily chart.

 

Recommendation

Sell  Reliance Power Ltd November Future @ 48-48.50 Stoploss 50  Target 45 CMP47.90

27/10/2016 10:36:42 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy Federal Bank Ltd For Target Rs.100.00 - Reliance sec

STOCK IN FOCUS

* Federal Bank Ltd closed 0.9% higher, outperforming benchmark NIFTY Index by 1.8%.

* The bank reported a strong growth in PAT in 2QFY17 led by higher growth in both NII and other income along with decline in provisioning and operating expenses

* The Bank’s Management aims loan growth at ~18-20% in FY17E and it

27/10/2016 10:33:38 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy Dabur India Ltd For Target Rs.315.00 - Religare Sec

Dabur India Limited

After the recent corrective phase, DABUR has wit-nessed fresh breakout on Wednesday i.e. October 25, 2016 and looks all set for strong surge.

 

Recommendation

Buy Dabur India Ltd @290-294  Stoploss 284 Target 315 CMP 296.70

27/10/2016 10:30:48 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy NTPC Ltd For Target Rs.162.00 - Reliance sec

Technical Research

* NTPC reversed taking support of its 50-weeks EMA and later rose to almost three week high.

* Stochastic is rising after a positive cross-over.

* RSI is currently trading above 50-mark and about to cross its average.

* As per the current weekly set-up, we believe that stock will continue prior rising tr

26/10/2016 11:32:43 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy J Kumar Infraprojects Ltd For Target Rs.290.00 - Reliance sec

STOCK IN FOCUS

* J Kumar Infraprojects (JKIL) gained ~2% in yesterday’s weak 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 3.1x to Rs100bn. With order book to

26/10/2016 11:28:39 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy PC Jeweller Ltd For Target Rs.575.00 - Reliance sec

PC Jeweller Limited

PCJEWELLER has been consolidating around its record high for over a month now. All indications are in favor of fresh breakout in near future.

 

Recommendation

Buy PC Jeweller Ltd @ 508-514 Stoploss 485  Target 575  CMP508.95

26/10/2016 10:48:58 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy Gabriel India Limited For Target Rs.136.00 - Religare sec

Gabriel India Limited

GABRIEL has witnessed a fresh breakout from a consolidation range on Tuesday i.e. October 25, 2016 and looks all set for strong surge.

 

Recommendation

Buy Gabriel India  Ltd @124-125  Stoploss 119 Target 136 CMP 124.85

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26/10/2016 10:36:29 AM | Posted in Broking Firm Views - Short Term Report read full news
Technical Recommendation 25th October 2016

SCRIP SYMBOL - IRB

TECHNICAL RATIONALE – IRB, after retesting its immediate hurdle around 270 levels, retraced marginally and consolidated above the support zone of long term averages on the daily chart, result in formation of fresh buying pivot.

25/10/2016 5:09:45 PM | Posted in Broking Firm Views - Short Term Report read full news

Sell PTC India Ltd For Target Rs.69.00 - Reliance sec

Technical Research

* PTC once again reversed after visiting its short-term moving averages and later it slipped to five days closing low, which is signaling near-term weakness in the stock.

* Negative cross-over in Stochastic & RSI from their neutral zone is also indicating the same and in favor of probable decline, which will drag it to

25/10/2016 10:55:27 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy Majesco Ltd For Target Rs.720.00 - Reliance sec

STOCK IN FOCUS

* Majesco’s stock has declined by a steep 27% over the past 6 months, and the stock now trades at just 1x FY18E EV/Revenue, at an 86% discount to listed peer Guidewire

* We believe this decline is an opportunity for long term investors to buy the stock in light of the low revenue multiple, lowered street expectations, dow

25/10/2016 10:52:04 AM | Posted in Broking Firm Views - Short Term Report read full news
Derivative Ideas Tata Motors Ltd For Target Rs.590.00 - Religare Sec

TATAMOTORS added 4% of open interest as fresh long positions. It has rolled 32% into November series. On charts, it is trading on verge of bullish breakout from Pennant formation on daily charts. We expect it to rally till 600 levels in short term.

 

Strategy:

BUY TATAMOTORS NOV FUTS BETWEEN 556-558, SL 545, TARGET 590.

25/10/2016 10:43:29 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy PC Jeweller Ltd For Target Rs.545.00 - Religare sec

PC Jeweller

PCJEWELLER has been consolidating around its record high for over a month now. All indications are in favor of fresh breakout in near future.

 

Recommendation

Buy PC Jeweller Ltd @ 496-502 Stoploss 478 Target 545 CMP 508.65

25/10/2016 10:42:06 AM | Posted in Broking Firm Views - Short Term Report read full news

Buy Engineers India Ltd For Target Rs.310.00 - Religare sec

Engineers India

ENGINERSIN has witnessed a fresh breakout from a continuation pattern on the daily chart on Monday i.e. October 24, 2016 and looks upbeat for fresh run.

 

Recommendation

Buy Engineers India Ltd @ 272-275  Stoploss 260 Target 310 CMP 276.65

25/10/2016 10:39:40 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy Zee Entertainment Enterprises Ltd For Target Rs.555-568 - Reliance sec

Technical Research

* ZEEL reversed finding support around prior resistance line and psychological mark-500 and later it rose to one-week high.

* Positive cross-over in Stochastic around its oversold zone & reversal in RSI from its bull market support zone (40-33 range) is signaling lack of selling interest in the stock at this juncture, w

24/10/2016 11:44:01 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy Coal India Ltd For Target Rs.346.00 - Reliance sec

STOCK IN FOCUS

* In our view, current stock price of Coal India has already discounted decline in e-auction coal prices among others.

* We believe that recent price hike of 6% in April 2016 – which has been pending for almost 3 years – is positive, which in our view, will offset upcoming wage hike.

* We expect Coal India

24/10/2016 11:39:37 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy Power Finance Corporation Ltd For Target Rs.135.00 - Religare sec

Power Finance Corporation Limited

PFC registered fresh breakout on Friday, last week after trading sideways in narrow range for almost two weeks. This up move was supported by strong volume indicating buyers interest at current levels.

 

Recommendation

Buy Power Finance Corporation Ltd

24/10/2016 10:35:15 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy The Karnataka Bank Ltd For Target Rs.172.00 - Religare sec

The Karnataka Bank Limited

This fiscal year (April-16 till date), KTKBANK has doubled, rallied from 82-162 levels. Post this up move, it is consolidating from past three weeks in range (140-160). Passing week, it settled on strong note and looks all set for fresh up move towards 175-180 levels.

 

Recommendation

24/10/2016 10:31:38 AM | Posted in Broking Firm Views - Short Term Report read full news