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
Buy Motherson Sumi Systems Ltd For Target Rs.355.00 - Religare Sec

Strategy:-

MOTHERSUMI added 6.2% of open interest as fresh long positions. Daily vwap is around 332 levels. It is also trading on verge of congestion zone breakout on daily charts. We expect it to rally till 355 in short term.

 

Strategy:

BUY MOTHERSUMI OCT FUTS BETWEEN 329-331, SL 3

22/10/2016 10:56:12 AM | Posted in Broking Firm Views - Short Term Report read full news
Derivative Ideas For Nifty - Religare Sec

DERIVATIVES OUTLOOK

* Nifty Oct futures volume weighted average price (VWAP) is at 8675 and Banknifty futures is at 19420.

* Put writing was seen at Nifty 8600 & 8650 strikes & Call writing was seen at Nifty 8800 & 8850 strike.

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

* Nifty is expected to b

22/10/2016 10:52:45 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy NCC  Ltd For Target Rs.115.00 - Religare Sec

Investment Rationale

* NCC’s business divisions are categorized as Building & Housing, Transportation, Electrical, Water & Environment, Irrigation, International, Power, Metals and Oil & Gas Division. Apart from the conventional construction and other methods, the company adopts the NBS Cellular System, developed in collaboration with

22/10/2016 10:28:49 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy Vinati Organics Ltd For Target Rs.700.00 - Dynamic Levels

Company’s Overview and Stock Price

Vinati Organics Ltd. is a specialty chemical company producing
1.    Aromatics
2.    Monomers
3.    Polymers
4.    Other speciality products.

Today, the company is a leader in its field and has a sturdy market prese

21/10/2016 2:04:30 PM | Posted in Broking Firm Views - Short Term Report read full news
Derivative Ideas Britannia Industries Ltd For Target Rs.3475.00 - Religare Sec

BRITANNIA added 2% of open interest as fresh long positions along with some delivery based buying. It has also created a fresh buying pivot on intraday as well as on daily charts near important price support. It is also trading above 50/100/200 EMAs on daily charts. We expect it to rally till 3475 in short term.

 

Strategy:

BUY

21/10/2016 11:06:50 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 yesterday, it rose to four days closing 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 th

21/10/2016 11:03:37 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy State Bank Of India Ltd For Target Rs.285.00 - Religare sec

State Bank of India

Flag pattern is clearly visible on daily chart of SBIN, it is a bullish continuation pattern indicating up side bias to persist ahead as well. Hence, we advocate buying in mentioned range.

 

Recommendation

 Buy State Bank of India  @258-260   Stoploss

21/10/2016 10:59:24 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy Mangalam Cement Ltd For Target Rs.450.00 - Reliance sec

STOCK IN FOCUS

* Mangalam Cement (MCL) surged ~3% in yesterday’s trade on the expectation of better performance ahead with the accelerated production from new commissioned Aligarh grinding units.

* MCL’s initiatives in the form of substitution of coal with petcoke (at 100%), new railway siding and thrust on increasing PPC producti

21/10/2016 10:56:23 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy Tata Chemicals Ltd For Target Rs.610.00 - Religare Sec

Tata Chemicals Limited

TATACHEM is in long-term up trend and has performed exceptionally well in past. At current juncture, it is trading near its 52-week high and looks set for fresh up move towards higher levels. Hence, one can initiate fresh longs in mentioned range.

 

Recommendation

<
21/10/2016 10:53:11 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy Sundram Fasteners Ltd For Target Rs.330.00 - Dynamic Levels

Sundram Fasteners Limited is a flagship company of the US $6 billion TVS Group, headquartered in Chennai. The company is a manufacturer of automotive and engineering components and is the first Indian company to be ISO 9000 certified. All operations of Sundram fasteners are ISO 9000, IS 14001 & TS 16949 certified. Analysts are positive on the stock and suggest including it in the portfolio

20/10/2016 3:46:08 PM | Posted in Broking Firm Views - Short Term Report read full news
Buy VIP Industries Ltd For Target Rs.160.00 - Religare Sec

VIP Industries Limited

VIPIND has performed well this year, so far, rallied from 100 till 150 levels. It also managed to attract good amount of volume in past couple of weeks. As its overall trend is strong; hence, it is more likely that fresh long positions have been added. All this goes to show, stock is in strong hands and up side move will continue

20/10/2016 10:37:42 AM | Posted in Broking Firm Views - Short Term Report read full news
Update On NTPC Ltd - Reliance Sec

STOCK IN FOCUS

* Despite the instances of coal shortage in a few plants, we believe NTPC is one of the best placed companies in terms of fuel security, as almost all its capacity off-take will continue to be through long-term PPAs.

* Capacity addition on track coupled with robust balance sheet & strong operational cash-flows.

*

20/10/2016 10:34:43 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy Century Plyboards(India) Ltd For Target Rs.280.00 - Religare Sec

Century Plyboards (India) Limited

CENTURYPLY is consolidating near its 52-week high from past couple of weeks post trend line breakout around 240-242 levels (shown above). This can be considered pause before further up move; hence, can be utilized for taking fresh long positions.

 

Recommendation

20/10/2016 9:50:31 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy Axis Bank Ltd For Target Rs.560.00 - Reliance sec

Technical Research

* AXIS Bank reversed finding support around its short-term as well as long-term moving averages (i.e. 50-week EMA & 100-week SMA respectively) and later rose to one week high.

* Positive cross-over in Stochastic around its oversold zone is signaling lack of selling interest in the stock at this juncture, which will help

19/10/2016 11:16:35 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy ITC Ltd For Target Rs.260.00 - Religare Sec

ITC Limited

Recently, ITC tested its 200 EMA support on daily chart placed around 235 levels. It seems, stock has formed strong base around that zone and is now firmly edging higher. We strongly believe, bullish bias will be intact till that level is held on down side.

 

Recommendation

19/10/2016 11:12:49 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy Sun Pharmaceutical Industries Ltd For Target Rs.947.00 - Reliance Sec

STOCK IN FOCUS

* Sun Pharmaceutical Industries (SUNP) is the largest Indian pharmaceutical player in the US market with presence niche segments.

* Robust Earnings & Return Ratios: SUNP has best-in-class franchise, superior returns ratios and strong execution skills.

* It has consistently moved up in the value chain over past few

19/10/2016 11:07:43 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy Glenmark Pharmaceuticals Ltd For Target Rs.1,025.00 - Religare Sec

Glenmark Pharmaceuticals Limited

GLENMARK was consolidating above trend line resistance barrier placed around 870 levels from past couple of weeks. Yesterday, i.e. 18th October, it moved higher and settled near day’s top after gaining nearly 3%. Technically, it is looking upbeat for fresh breakout towards 1000 plus levels in near-term.

19/10/2016 11:04:55 AM | Posted in Broking Firm Views - Short Term Report read full news
Sell Tata Communications Ltd For Target Rs.603-588 - Reliance sec

Technical Research

* The stock reversed sharply after forming a new 52 week high, with sharp sell-off from level of Rs666 levels, breaking last three days low.

* The key technical indicators has also reversed turning downwards and as the stock is in overbought position it can correct sharply to its short term averages.

* The stock i

18/10/2016 11:32:42 AM | Posted in Broking Firm Views - Short Term Report read full news
Sell NIFTY For Target Rs.10.00 - Religare Sec

Put writing seen in NIFTY 8400 strike & Call writing seen in NIFTY 8600 strike. Vix is likely to be in 13-17% range. We expect NIFTY to be in 8400 to 8700 range.

 

Strategy :

SELL NIFTY OCT 8200PE at 13-15 & SELL NIFTY 8700CE at 23-25, total premium at 38 to 40, Stoploss at 58, Target 10

 

To R

18/10/2016 11:28:03 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy DCB Bank For Target Rs.144.00 - Reliance sec

STOCK IN FOCUS

* DCB Bank has demonstrated strong performance in 2QFY17 led by the robust growth in balance sheet; best in class NIM’s coupled with consistent improvement on major assets quality parameters

* The bank is focusing on growing loan book in high margin low-ticket retail, SME & AIB segments coupled with increasing footpri

18/10/2016 11:26:05 AM | Posted in Broking Firm Views - Short Term Report read full news