Buy Petronet LNG Ltd For Target Rs.430.00 - Religare sec

Petronet LNG Limited

PETRONET traded sideways when broader markets tumbled post US Presidential election results. And yesterday, it settled 5% higher, over shadowed past couple of sessions sideways move. This clearly indicates strength, considering all, we recommend buying in mentioned range.

 

Recommendation

1/12/2016 9:48:56 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy Godrej Consumer Products Ltd For Target Rs.1625.00 - Religare sec

Godrej Consumer Products Limited

After consolidating for almost two weeks near important support levels, GODREJCP settled on strong note on 30th November on back of multi-fold volume. Considering its broader trend, we expect it will head northwards in coming sessions.

 

Recommendation

1/12/2016 9:45:54 AM | Posted in Broking Firm Views - Short Term Report read full news
Sell Hindalco Industries Ltd For Target Rs.168-160 - Reliance sec

Technical Research

* The stock reversed facing resistance of upper band of the rising channel and slipped to four days closing.

* Negative cross-over in Stochastic & RSI is signaling lack of strength in the stock at this juncture.

* As per the current daily set-up, we believe that stock will reverse down in the near-term and on

30/11/2016 10:56:49 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy Titan Industries Ltd ForTarget Rs.428.00 - Reliance sec

STOCK IN FOCUS

* Titan reported revenue, EBITDA & PAT of Rs26.4bn (down 0.7% yoy), Rs2.6bn (up 42%) & Rs1.8bn (up 23.5% yoy), respectively for 2QFY17. EBITDA grew robustly owing to increased share of studded jewellery and higher gross margins on plain gold jewellery.

* The company received encouraging response for its new jewellery co

30/11/2016 10:50:49 AM | Posted in Broking Firm Views - Short Term Report read full news
Derivative Ideas Castrol India Ltd For Target Rs.425.00 - Religare Sec

CASTROLIND added around 1.2% of open interest as fresh long positions along with some delivery based buying in previous session. On charts, it has formed a double bottom formation on intraday charts. We recommend buying CASTROLIND Dec futures as per levels given below.

 

Strategy:

BUY CASTROLIND DEC FUTS BETWEEN 398-402, SL 39

30/11/2016 10:00:19 AM | Posted in Broking Firm Views - Short Term Report read full news
Sell Andhra Bank For Target Rs.45.00 - Religare Sec

Andhra Bank

ANDHRABANK is trading weak below its important long and medium-term averages (200/100 EMA) on daily chart, indicating down trend. Its current chart pattern is not suggesting a positive reversal any time soon. Hence, we recommend short selling in mentioned range.

 

Recommendation

30/11/2016 9:58:50 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy Gail (India) Ltd For Target Rs.445.00 - Religare Sec

GAIL (India) Limited

Recently, GAIL has corrected over 10% from its 52-week high i.e. 456 levels. The profit taking halted as it found support around its 100 EMA (400) placed on daily chart. Steep bounce back has already been witnessed from those levels. Volume is also supporting up move, therefore, we believe it will head northwards in coming sessions

30/11/2016 9:55:37 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy Bharat Heavy Electricals Ltd For Target Rs.139.00 - Reliance sec

Technical Research

* The stock has closed at the upper end of the range trading positive in the last few days poised for a break out above its 200 day SMA.

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

* We believe the stock will give a breakout on the higher side to test its m

29/11/2016 10:32:59 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy JK Lakshmi Cement Ltd For Target Rs.550.00 - Reliance sec

STOCK IN FOCUS

* JK Lakshmi Cement (JKLC) surged over 2% in yesterday’s range-bound market on the expectations of volume recovery.

* JKLC is one of the few cement companies in Mid-Cap space, which has managed its plants well with consistent improvement in operating synergies in Northern region

* Considering the initiatives und

29/11/2016 10:27:34 AM | Posted in Broking Firm Views - Short Term Report read full news
Sell Syndicate Bank Ltd For Target Rs.60.00 - Religare sec

Syndicate Bank

SYNDIBANK is in long-term down trend, it kept trading under pressure even when other PSU banks started recovering. Considering its over all chart pattern, we do not expect rebound any time soon. Hence, we recommend traders to initiate fresh short positions as per the mentioned levels.

 

Recommendat

29/11/2016 9:43:13 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy JSW Energy Ltd For Target Rs.1900.00 - Religare sec

JSW Steel Limited

JSWSTEEL is regaining strength after consolidating near its 52-week high for almost two months. The stock moved higher in last two sessions with strong volume. This clearly indicates up side move to continue in near-term as well. Hence, we recommend buying in mentioned range.

 

Recommendation

29/11/2016 9:40:26 AM | Posted in Broking Firm Views - Short Term Report read full news
Technical Recommendation 28th November 2016

SCRIP SYMBOL - BEL

TECHNICAL RATIONALE – BEL is among very few stocks which are currently trading near their 52-week high, clearly indicate its outperformance. On Monday, i.e. 28th November, it crossed all the immediate barriers and settled after forming big green candlestick on daily chart, that over shadowed past couple of weeks indecisive move

28/11/2016 5:27:47 PM | Posted in Broking Firm Views - Short Term Report read full news
Buy UPL Ltd For Target Rs.670.00 - Reliance sec

Technical Research

* The stock slipped to Rs584 from the all-time-high Rs731 in less than a month amidst higher level profit booking, but later it reversed taking support of its 61.8% Fibonacci retracement level of prior up-move, which begun from Rs490 in the month of June 2016.

* Rise in RSI from bull market support zone (40-33) is signaling

28/11/2016 10:27:13 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy JSW Energy Ltd For Target Rs.72.00 - Reliance sec

STOCK IN FOCUS

* JSW Energy stands lower in fuel security due to high exposure to merchant market and excessive dependence on imported coal.

* JSWEL is also facing headwinds from recent sharp rise in thermal coal prices.

* Despite these headwinds, we expect demand to revive in 2HFY17E in south as the demand has been low in last few

28/11/2016 10:23:37 AM | Posted in Broking Firm Views - Short Term Report read full news
Sell Bharti Infratel Ltd For Target Rs.330.00 - Religare sec

Bharti Infratel Limited

INFRATEL is trading sideways, in an indecisive manner below its 100/200 EMA’s from past couple of weeks. This clearly indicates weakness and lack of traders interest. Hence, it is more likely it will head southwards in coming sessions.

 

Recommendation

Sel

28/11/2016 9:49:43 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy Biocon Ltd For Target Rs.960.00 - Religare Sec

Biocon Limited

After trading with bearish bias for nearly a month, BIOCON seems to have formed base around its 100 EMA support on daily chart placed around 850 levels. This is a positive development and we believe, it will trade with bullish bias till it is trading above that level.

 

Recommendation

28/11/2016 9:46:11 AM | Posted in Broking Firm Views - Short Term Report read full news
Accumulate Jain Irrigation Systems Ltd For Target Rs.105.00 - Religare Sec

Investment Rationale

* Incorporated in 1986, Jain Irrigation Systems Ltd (JISL) is India’s leading player in organized micro irrigation sector, commanding a market share of 55%. The company is engaged in manufacturing of micro irrigation systems (MIS), PVC pipes, HDPE pipes, plastic sheets, agro processed products, renewable energy solutions, tis

26/11/2016 10:44:05 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy Adani Ports & Special Economic Zone Ltd For Target Rs.20.00 - Religare Sec

Strategy:-

ADANIPORTS added around 11% of open interest as fresh long positions with marginal increase in premium. It has created a fresh buying pivot on daily as well as on intraday charts, it also has a strong price support at 250 levels and 200 EMA is placed around 255 levels. We recommend doing a bull spread in Adaniports.

 

26/11/2016 10:25:38 AM | Posted in Broking Firm Views - Short Term Report read full news
Derivative Ideas For Nifty - Religare Sec

DERIVATIVES OUTLOOK

* Nifty Dec futures volume weighted average price (VWAP) is at 8025 and Banknifty futures is at 18550.

* Call writing was seen at Nifty 8300 & 8400 strikes, Put writing was seen at 8000 strike.

* In options, highest positions are at 8500 CE and 8000 PE.

* Nifty is expected to be in the range of 7900

26/11/2016 10:20:41 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy ACC Ltd For Target Rs.1400.00 - Reliance Sec

Technical Research

* The stock has made a strong bottom in the last few days with strong volumes and positive price action after falling from the high of 1724 levels it made in August 2016.

* Stock Stochastic & RSI are also coinciding with our view, as both the indicators are in bullish mode on daily charts.

* There is strong tr

25/11/2016 5:16:49 PM | Posted in Broking Firm Views - Short Term Report read full news
Buy Infosys Ltd For Target Rs.1,140.00 - Reliance sec

STOCK IN FOCUS

* Infosys’ stock rose 1.3% in yesterday’s trade, against a 0.7% decline recorded by the BSE Sensex.

* Infosys’ revenue growth momentum was robust at 3.4% qoq in 2QFY17; YoY volume saw the 8th successive quarter of double digit growth, suggesting healthy underlying growth momentum.

* Infosys won US$1.

25/11/2016 5:13:15 PM | Posted in Broking Firm Views - Short Term Report read full news
Derivative Ideas Tvs Motor Company Ltd For Target Rs. 385.00 - Religare Sec

TVSMOTOR added 14% of open interest as long positions. Daily vwap is around 350 levels. On charts, it has witnessed congestion zone breakout on the higher side on daily charts. We suggest doing a covered call as per levels given below.

 

Strategy:

BUY TVSMOTOR DEC FUTURES BETWEEN 348-350 & SELL 370 DEC CE BETWEEN 7-9, SL 3

25/11/2016 11:59:25 AM | Posted in Broking Firm Views - Short Term Report read full news
Sell IDBI Bank Ltd For Target Rs.60.00 - Religare Sec

IDBI Bank Limited

IDBI is trading sideways in an indecisive manner from past couple of weeks. It is currently trading below the confluence zone of its 50/100/200 EMA’s on daily chart, indicating down trend. Considering current market situation and its over all chart patter, we believe, it will trade with bearish bias, at least in the near-term.

25/11/2016 11:53:26 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy NMDC Ltd For Target Rs.130.00 - Religare Sec

NMDC Limited

NMDC has corrected over 15% from its 52-week high (142.50). The ongoing profit taking phase seems to have halted as it has recovered sharply from its 100 EMA (110) support levels. Hence, we strongly believe, bullish bias will persist till it is trading above that level.

 

Recommendation

25/11/2016 11:31:30 AM | Posted in Broking Firm Views - Short Term Report read full news