Buy Ambuja Cements Ltd For Target Rs.215.00 - Reliance sec

Technical Research

* The stock has corrected sharply in the last one quarter from the high of 282 levels. Stock has made a strong bottom in the last few days with strong volumes and positive price action.

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

* However in case of major

24/11/2016 10:42:35 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

24/11/2016 10:39:07 AM | Posted in Broking Firm Views - Short Term Report read full news
Derivative Ideas Glenmark Pharmaceuticals Ltd For Target Rs.960.00 - Religare Sec

GLENMARK added 32% of open interest as fresh long positions. It has rolled 49% into December series so far. Daily vwap is around 900 levels. On charts, it is trading on verge of congestion zone breakout and also trading above important short term as well as long term moving averages on charts. We recommend buying December futures as per levels given below.

 

24/11/2016 9:55:14 AM | Posted in Broking Firm Views - Short Term Report read full news
Sell PTC India Ltd For Target Rs.63.00 - Religare Sec

PTC India Limited

PTC is trading weak below its important long and medium-term averages (200/100 EMA) from past couple of weeks, indicating down trend. Its current chart is suggesting possibility of a minor pull back, but that should be considered for initiating fresh shorts as its over all trend is still weak.

 

24/11/2016 9:52:52 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy Oil and Natural Gas Corporation Ltd For Target Rs.300.00 - Religare sec

Oil & Natural Gas Corporation Limited

ONGC is in long-term up trend and is maintaining positive bias even in current market situation where broader markets are struggling. It looks upbeat at current juncture and is set for fresh up move towards its 52-week high, which is around 300 levels.

 

Recommendation

24/11/2016 9:48:30 AM | Posted in Broking Firm Views - Short Term Report read full news
Derivative Ideas Vedanta Ltd For Target Rs.7.50 - Religare Sec

VEDL added around 34.30% of open interest as fresh long positions along with some delivery based buying. Daily vwap is around 204 levels. On charts, it has created a fresh buying pivot on daily as well as on intraday charts and it is also trading in higher highs—higher lows formation above short term as well as long term moving averages. We recommend buying Nov 205 CE as per levels given

23/11/2016 11:02:16 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy Ambuja Cements Ltd For Target Rs.215.00 - Reliance Sec

Technical Research

* The stock has corrected sharply in the last one quarter from the high of 282 levels. Stock has made a strong bottom in the last few days with strong volumes and positive price action.

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

* However in case of major

23/11/2016 11:00:09 AM | Posted in Broking Firm Views - Short Term Report read full news
Sell BEML Ltd For Target Rs.700.00 - Religare Sec

BEML Limited

BEML is trading weak and under performing broader markets from past one and half year. Yesterday, i.e. 22nd November, it closed below important support (800). Sustainability below crucial averages (100/200 EMA) and decline below important supports further strengthens negative bias. Hence, we advocate short selling in mentioned range.

23/11/2016 10:55:37 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy Tata Motors Ltd For Target Rs.566.00 - Reliance sec

STOCK IN FOCUS

* Tata Motors (TML) M&HCV export segment is expected to contribute 25% to its total revenue from CV segment over the period.

* The company plans to improve its positioning in the domestic PV market via launch of new products.

* In JLR business, new product’s life cycle is opening up.

* New launches

23/11/2016 10:48:31 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy The Ramco Cements Ltd For Target Rs.605.00 - Religare Sec

The Ramco Cements Limited

RAMCOCEM was trading with negative bias from past couple of weeks, the ongoing profit taking halted on Monday (21st Nov) as it found support from its 200 EMA placed on daily chart. On 22nd November, bounce back was witnessed on back of strong volume, this clearly indicates buyers interest at current levels.

 

23/11/2016 10:45:16 AM | Posted in Broking Firm Views - Short Term Report read full news
Technical Recommendation 22nd November 2016

SCRIP SYMBOL - ARVIND

TECHNICAL RATIONALE – ARVIND, after the recent slide, has been consolidating for a week around its major support zone of 200 EMA on the daily chart and now looks upbeat for a rebound. Traders may accumulate fresh in the given range.

22/11/2016 2:06:46 PM | Posted in Broking Firm Views - Short Term Report read full news

Buy Hero MotoCorp Ltd For Target Rs.3,070 .00 - Reliance Sec

Technical Research

* The stock reversed taking support of its 61.8% Fibonacci Retracement level of prior up move (Rs2322-3706) and later rose to three days high.

* Recovery in RSI & Stochastic from their oversold zone is signaling lack of selling interest in the stock at this juncture.

* As per the current daily set-up, we belie

22/11/2016 10:35:20 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy Tech Mahindra Ltd For Target Rs.475.00 - Reliance Sec

STOCK IN FOCUS

* Tech Mahindra’s stock price rose 0.2% in yesterday’s trade, while the BSE Sensex fall 1.5%.

* Tech Mahindra’s 2QFY17 revenue rose by a robust 4% qoq (5% in CC terms) aided by the Enterprise business (5.6% qoq) and a growth recovery in the key Communications business (2.3% qoq).

* A key positive sig

22/11/2016 10:31:28 AM | Posted in Broking Firm Views - Short Term Report read full news
Sell Hexaware Technologies Ltd For Target Rs.172.00 - Religare Sec

Hexaware Technologies Limited

HEXAWARE is in long-term down trend and is under performing broader markets from past couple of months. On Monday, it formed big red candlestick on daily chart and over shadowed past couple of sessions trading range. This has further strengthened negative bias. Hence, we expect it will head south wards in coming sessions.<

22/11/2016 9:50:11 AM | Posted in Broking Firm Views - Short Term Report read full news
Sell Bharat Heavy Electricals Ltd For Target Rs.118.00 - Religare sec

Bharat Heavy Electricals Limited

BHEL was struggling in range 130-148 from past couple of weeks. Yesterday, i.e. 21st November, it slipped below the same. Considering over all markets and its chart pattern, we expect it will trade with negative bias in near-term.

 

Recommendation

Sell

22/11/2016 9:47:51 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy TVS Motor Company Ltd For Target Rs.378-387 - Reliance Sec

Technical Research

* The stock reversed taking support of its 100-days SMA and 61.8% Fibonacci Retracement level of prior up move (Rs285-419) and later rose to four days closing high.

* Positive divergence in Stochastic w.r.t. fall in price and recovery in RSI from its oversold zone is signaling lack of selling interest in the stock at this j

21/11/2016 12:22:13 PM | Posted in Broking Firm Views - Short Term Report read full news
Buy ACC Ltd For Target Rs.1780.00 - Reliance Sec

STOCK IN FOCUS

* ACC Ltd. gained 1% in Friday’s subdued trade as sharp correction in the stock post demonetization seems to have overdone and recovery seems imminent

* With the likely traction in demand once normalcy comes in system after the effect of demonetization in next 2-3 months, favourable pricing and initiatives undertaken by A

21/11/2016 12:18:00 PM | Posted in Broking Firm Views - Short Term Report read full news
Sell Vedanta Ltd For Target Rs.185.00 - Religare Sec

Vedanta Limited

Head and Shoulder formation is visible on the intraday chart of VEDL, it is a bearish trend reversal formation. Hence, we believe it will trade with bearish bias in near-term.

 

Recommendation

Sell Vedanta Ltd December Future @ 207-210 Stoploss 218 Target 185

21/11/2016 9:49:51 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy Glenmark Pharmaceuticals Ltd For Target Rs.1,000.00 - Religare sec

Glenmark Pharmaceuticals Limited

Despite weakness across the board, GLENMARK traded sideways in last two weeks. At present, it is trading near its important support zone 880-860 levels, its 100/200 EMA’s also lie in this zone. This further strengthens bullish bias as down side seems capped from current levels due to existence of major supports.

21/11/2016 9:45:48 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy Sun Pharmaceutical Industries Ltd For Target Rs.735.00 - Religare Sec

Strategy:-

SUNPHARMA added around 2% of open interest as fresh long positions, daily vwap is around 686 levels. On long term charts, it is forming a Hammer candlestick pattern. We recommend doing a covered call strategy.

 

Strategy:

BUY SUNPHARMA DEC FUTS BETWEEN 686-688 & SELL DEC

19/11/2016 10:27:59 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 8350 and Banknifty futures is at 19450.

* Call writing was seen at Nifty 8200 & 8300 strike, Put buying was seen at 8100 strike.

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

* Nifty is expected to be in the range of 7900-8

19/11/2016 10:25:07 AM | Posted in Broking Firm Views - Short Term Report read full news
Accumulate LIC Housing Finance Ltd For Target Rs.610.00 - Religare Sec

Investment Rationale

* LIC Housing Finance (LICHF) is among the top five housing finance companies in India and provides housing loans to individuals and corporate bodies. The company is also engaged in the home equity space. It has an established network of direct selling agents and home loan agents. Loans to individual (including LAP) forms 97.2% of

19/11/2016 9:49:00 AM | Posted in Broking Firm Views - Short Term Report read full news
Derivative Ideas TVS Motor Company Ltd For Target Rs.380.00 - Religare Sec

TVSMOTOR added around 15% of open interest as fresh long positions. Daily vwap is around 349 levels. On charts, it has witnessed reversal from important price support of 335 levels. We recommend buying Dec futures as per levels given below.

 

Strategy:

BUY TVSMOTOR DEC FUTS BETWEEN 347-349, SL 335, TARGET 380.

 

18/11/2016 10:48:01 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy TVS Motor Company Ltd For Target Rs.378-387 - Reliance Sec

Technical Research

* The stock reversed taking support of its 100-days SMA and 61.8% Fibonacci Retracement level of prior up move (Rs285-419) and later rose to four days closing high.

* Positive divergence in Stochastic w.r.t. fall in price and recovery in RSI from its oversold zone is signaling lack of selling interest in the stock at this j

18/11/2016 10:45:07 AM | Posted in Broking Firm Views - Short Term Report read full news