Sell Lupin Ltd For Target Rs.1380.00 - Religare Sec

Lupin Limited

After its failed attempt to cross major hurdle around its medium term moving averages on daily chart, LUPIN has formed a fresh shorting pivot and looks all set for a fresh slide in near future.

 

Recommendation

Sell Lupin Limited April Future @ 1425-1430 Stoploss 144

19/04/2017 11:47:52 AM | Posted in Broking Firm Views - Short Term Report read full news
Technical Recommendation 18th April 2017

SCRIP NAME AND SYMBOL - SRF Limited

TECHNICAL RATIONALE – SRF, after six months of consolidation, has witnessed breakout from a triangle pattern (which act as continuation pattern) of late and looks all set for a fresh surge ahead. Traders should accumulate fresh in the given range.

 

Recom

18/04/2017 5:03:11 PM | Posted in Broking Firm Views - Short Term Report read full news
Derivative Ideas IRB Infrastructure Developers Ltd For Target Rs.252.00 - Religare Sec

IRB added around 4.70% of open interest as fresh long positions along with some delivery based buying in previous session. Call writing was seen at 250 strike and put unwinding was seen at 235 strike. On charts, stock is trading above short term as well as long term moving averages on charts. We expect it to test 252 levels in short term. We suggest doing a covered call in IRB as per below ment

18/04/2017 11:41:25 AM | Posted in Broking Firm Views - Short Term Report read full news
Sell Bharat Heavy Electricals Ltd For Target Rs.161.00 - Reliance Sec

Technical Research

* BHEL reversed after facing hurdle around its long-term moving average 200-week SMA and slipped to seven days closing low.

* Negative divergence in Stochastic & RSI w.r.t. recent price rise in the stock is indicating about near-term weakness.

* As per the current weekly set-up, we believe that stock will rema

18/04/2017 11:39:24 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy Cox & Kings Ltd For Target Rs.236.00 - Religare Sec

Cox & Kings Limited

COX&KINGS has witnessed a marginal profit taking recently and retraced near to its immediate support zone of long term averages. Existence of multiple moving averages combined with the chart formation pointing towards strong rebound in near future.

 

Recommendation

18/04/2017 11:34:15 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy Dabur India Ltd For Target Rs.330.00 - Reliance Sec

STOCK IN FOCUS

* Dabur closed 1.8% up in trade today at Rs293 compared to flat close in the benchmark Nifty.

* Niche positioning, lower dependence on single product, focus on volume growth and strong distribution network are the key strong points for the company

* We remain positive on the stock in the medium-term on the back of goo

18/04/2017 11:30:43 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy Power Grid Corporation of India Ltd For Target Rs.215.00 - Religare Sec

Power Grid Corporation of India Limited

After consolidating in a narrow range near its short-term moving average on daily chart, POWERGRID has formed a buying pivot with decent rise in volume, indicates accumulation. We advise traders to initiate long trades as per the mentioned levels.

 

Recommendation<

18/04/2017 11:26:50 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy Coal India Ltd For Target Rs.308.00 - Reliance Sec

* The stock is making higher bottoms and crossed its short and medium term averages with strong volume and the sector is also in
positive momentum.

* The key technical indicators and RSI are trading at the higher band confirming the up move from current levels to test its long term
averages on weekly charts.

*The stock has closed above its short term weekly ave

17/04/2017 10:27:25 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy Sonata Softwares Ltd For Target Rs.190.00 - Reliance Sec

STOCK IN FOCUS

* Sonata Softwares stock price rose 1% in Thursday’s trade, while the BSE Sensex declined by 0.6%.

* Sonata’s 3QFY17 IITS USD revenue fell 2.9% QoQ, though on an adjusted basis, revenue rose 1% QoQ.

* A key positive sign was the healthy growth in the Retail & CPG vertical, which rose by a strong 14% Qo

17/04/2017 10:21:31 AM | Posted in Broking Firm Views - Short Term Report read full news
Derivative Ideas Hindalco Industries Ltd For Target Rs.5.00 - Religare Sec

Derivative Ideas

HINDALCO added around 15% of open interest as short positions. Daily vwap is around 186.50 levels. Call writing was seen at OTM strikes along with some put buying (unwinding by writers) at 180 strike. We recommend doing a bear spread with put option in HINDALCO as per levels mentioned below.

 

17/04/2017 9:29:28 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy Voltas Ltd For Target Rs.395.00 - Religare Sec

Voltas Limited (VOLTAS)

After consolidating near its record high, VOLTAS has witnessed profit taking of late and formed a fresh shorting pivot as well. We suggest traders to initiate fresh shorts as per the mentioned levels.

17/04/2017 9:26:55 AM | Posted in Broking Firm Views - Short Term Report read full news

Buy Indraprastha Gas Ltd For Target Rs.1,075.00 - Religare Sec

Indraprastha Gas Limited (IGL )

IGL has rebounded strongly from the support area of short term moving average on the daily chart around 1000 level and witnessed marginal profit taking of late. We believe it’s a healthy pause before further upside surge. Hence, traders are advised to accumulate fresh on any dip, in the given range .

17/04/2017 9:23:51 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy Hindalco Industries Ltd For Target Rs.5.00 - Religare Sec

Strategy:-

HINDALCO added around 15% of open interest as short positions. Daily vwap is around 186.50 levels. Call writing was seen at OTM strikes along with some put buying (unwinding by writers) at 180 strike. We recommend doing a bear spread with put option in HINDALCO as per levels mentioned below.

 

Strategy:<

14/04/2017 4:43:57 PM | Posted in Broking Firm Views - Short Term Report read full news
Derivative Ideas For Nifty - Religare Sec

DERIVATIVES OUTLOOK

* Nifty Apr futures volume weighted average price (VWAP) is at 9230 and Banknifty futures is at 21620.

* Nifty and Banknifty futures closed at a premium of around 27 and 65 points respectively.

* Nifty call writing was seen at 9200 & 9300 strikes and put buying (unwinding by writers) was seen at 9050 & 89

14/04/2017 4:40:09 PM | Posted in Broking Firm Views - Short Term Report read full news
Buy Bajaj Auto Ltd For Target Rs.2950.00 - Reliance Sec

* The stock is consolidating after forming a bottom at 2755 levels with positive price action in the past few days confirming an uptrend

* The key technical indicators has also reversed turning upwards and as the stock has closed above its short term averages

* The stock has strong support on its weekly charts holding the short and medium term averages and the positive diver

13/04/2017 10:15:45 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy Glenmark Pharmaceuticals Ltd For Target Rs.1098.00 - Reliance Sec

STOCK IN FOCUS

*Glenmark Pharmaceuticals (GNP) closed 1.9% higher, outperforming benchmark NIFTY by 2.4%

* US business is expected to show strong traction on the back of ramp-up in new approvals, price hike in Mupriocin ointment and some of key high-value launches i.e. gZetia (launched in Dec’16; FTF; 180-days exclusivi

13/04/2017 10:10:34 AM | Posted in Broking Firm Views - Short Term Report read full news
Derivative Ideas Bajaj Auto Ltd For Target Rs.2950.00 - Religare Sec

Derivative Ideas

BAJAJ-AUTO added around 2.3% of open interest as fresh long position along with good delivery based buying in previous session. Daily vwap is around 2834 levels. On charts, it is trading on verge of breakout from past 12 days congestion zone on the higher side. We suggest buying BAJAJ-AUTO as per levels given below.

13/04/2017 9:59:46 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy Tata Steel Ltd For Target Rs.460.00 - Religare Sec

Tata Steel Limited (TATASTEEL)

TATASTEEL has formed a distribution pattern on the weekly chart and trading on the verge of break down from the same. Any bounce to the 485-490 zone can be utilised for initiating fresh short positions.

13/04/2017 9:28:35 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy ITC Ltd For Target Rs.296.00 - Religare Sec

ITC Limited (ITC)

ITC, after retracing marginal from the 52-week high, has rebounded strongly from the support area of short term moving average around 270 level and formed a fresh buying pivot on the daily chart. Traders are advised to accumulate fresh on any dip, in the given range of 278-280 with stop loss of 272 for the target of 296.

13/04/2017 9:26:10 AM | Posted in Broking Firm Views - Short Term Report read full news
Derivative Ideas Muthoot Fincorp Ltd For Target Rs.405.00 - Religare Sec

Derivative Ideas

MUTHOOTFIN added around 10% of open interest as fresh long position. Daily vwap is around 386 levels. On charts, it has created a buying near price support zone of previous breakout level on daily charts. It is also trading in higher highs—higher lows formation above short term as well as long term moving average

12/04/2017 10:54:26 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy The India Cements Ltd For Target Rs.185.00 - Religare Sec

The India Cements Limited (INDIACEM)

INDIACEM has registered a fresh breakout on the daily chart, after consolidating in a narrow range above its short-term moving averages. Hence, we suggest traders to accumulate fresh in the given range.

12/04/2017 9:45:34 AM | Posted in Broking Firm Views - Short Term Report read full news

Buy DLF Ltd For Target Rs172.00 - Religare Sec

DLF Limited (DLF)

Among the realty counters, DLF has been trading well above its major moving averages on multiple time frames. Its current chart pattern along with the confirmation indicators are also pointing towards fresh surge ahead.

12/04/2017 9:43:13 AM | Posted in Broking Firm Views - Short Term Report read full news

Derivative Ideas Castrol India Ltd For Target Rs.455.00 - Religare Sec

CASTROLIND added around 7% of open interest as fresh long positions along with good delivery based buying in previous session. On charts, it is trading near resistance breakout on daily charts. On Monday i.e. April 10, 2017, it has surged around 3% and over shadowed past four trading sessions decline with noticeable rise in volumes. We recommend buying CASTROLIND Apr futures as per levels menti

11/04/2017 11:19:18 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy UPL Ltd For Target Rs.770.00 - Religare Sec

UPL Limited

UPL has formed a fresh buying pivot on the daily chart after consolidating in a narrow range above its short term moving average. We suggest traders to accumulate fresh in the mentioned range.

 

Recommendation

Buy UPL Limited @ 730-735  Stoploss 710 Target 770 &nb

11/04/2017 9:36:49 AM | Posted in Broking Firm Views - Short Term Report read full news