Sell Canara Bank Ltd For Target Rs.285.00 - Religare Sec

Canara Bank

CANBK has retraced 61.8% of the fall 460-160 as per Fibonacci retracement levels. This is the maximum retracement level as per this theory; hence, possibility of profit taking cannot be ruled out.

 

Recommendation

Sell Canara Bank October Future @ 309-312 &nb

18/10/2016 11:03:24 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy The Indian Hotels Company Ltd For Target Rs.138.00 - Religare Sec

The Indian Hotels Company Limited

INDHOTEL is consolidating just above its 100 EMA on daily chart from past couple of months. We firmly believe, this is high time & breakout can be expected soon. Hence, we advocate buying in mentioned range.

 

Recommendation

Buy The Indian Hotels C

18/10/2016 11:00:28 AM | Posted in Broking Firm Views - Short Term Report read full news
Technical Recommendation 17th October 2016

SCRIP SYMBOL - DHFL

TECHNICAL RATIONALE – DHFL is one of the best performing NBFC counter at current juncture and it has witnessed a fresh breakout from a month long consolidation range with noticeable rise in volume on Monday i.e. 17th October. Traders shouldn’t miss and accumulate fresh in the given range.

17/10/2016 6:00:47 PM | Posted in Broking Firm Views - Short Term Report read full news

Buy Larsen & Toubro Ltd For Target Rs.1600.00 - Religare Sec

Larsen & Toubro Limited

LT has been forming indecisive candlesticks near its 100/200 EMA’s on daily chart from past two weeks. On Friday, i.e. 14th October, it settled on strong note at day’s top on back of strong volume. This up move over shadowed past two weeks sideways move indicating bullish bias ahead.

 

17/10/2016 10:50:50 AM | Posted in Broking Firm Views - Short Term Report read full news
Sell Dabur India Ltd For Target Rs.266.00 - Reliance sec

Technical Research

* Dabur reversed down facing resistance of falling trend line & short-term moving averages and later on Friday, slipped to seven day closing low.

* Though stock is still trading above its long-term moving average 200-day SMA, we believe it will breach that average and visit prior swing low, as key technical indicators-S

17/10/2016 10:43:34 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy HeidelbergCement India Ltd For Target Rs.160.00 - Reliance sec

STOCK IN FOCUS

* HeidelbergCement India (HCIL) gained ~4% in Friday’s trade on the expectation of healthy improvements ahead

* With no meaningful capacity addition coming in Central region in next 2-3 years, we believe HCIL would hit a sweet spot to improve its financials in ensuing years, on the back of healthy demand outlook owing to

17/10/2016 10:34:30 AM | Posted in Broking Firm Views - Short Term Report read full news
Accumulate HSIL Ltd For Target Rs.410.00 - Religare Sec

Investment Rationale

* HSIL is India’s largest player in sanitary-ware (~40% organised market share) and second largest player in glass containers (~17%). It also manufacturers PET bottles and faucets and is now entering into CPVC/UPVC household pipes and caps & closures to leverage its customers and channels. It also has presence in home fur

15/10/2016 10:31:34 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy Bank Nifty For Target Rs.1,37,000.00 - Religare sec

Strategy:-

BANKNIFTY/NIFTY pair is trading at a price ratio of 2.217. The spread has a price ratio support at 2.21 and resistance is around 2.24. We are anticipating Banknifty not to underperform Nifty in short term.

Strategy:

 

BUY BANKNIFTY OCT FUTS AT 19090 & SELL NIFTY FUTS AT

15/10/2016 10:20:35 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 8695 and Banknifty futures is at 19420.

* Put writing was seen at Nifty 8400 & 8500 strikes & Call writing was seen at Nifty 8700 strike..

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

* Nifty is expected to be in the r

15/10/2016 10:18:41 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy BEML Ltd For Target Rs.954-983 - Reliance sec

Technical Research

* BEML slipped to Rs856 post forming Double Top formation around Rs1100, but later reversed finding support around its break-out line and consolidated in Rs930-890 range thereafter.

* We believe stock will utilize recent consolidation to recover prior damage, where it will face resistance around its 20-weeks & 50-weeks

14/10/2016 10:54:35 AM | Posted in Broking Firm Views - Short Term Report read full news
Derivative Ideas Bank Nifty For Target Rs.1,44,000.00 - Religare Sec

BANKNIFTY/NIFTY pair is trading at a price ratio of 2.215. The spread has a price ratio support at 2.21 and resistance is around 2.24. We are anticipating Banknifty to outperform Nifty in short term.

 

Strategy:

BUY BANKNIFTY OCT FUTS AT 18960 & SELL NIFTY FUTS AT 8560, SPREAD VALUE DIFFERENCE AT 116400, STOPLOSS AT 102000

14/10/2016 10:39:10 AM | Posted in Broking Firm Views - Short Term Report read full news
Sell Syndicate Bank Ltd For Target Rs.63.00 - Religare sec

Syndicate Bank

SYNDIBANK is trading in an indecisive manner near the confluence zone of its important long and medium-term averages (200/100 EMA) on daily chart from past couple of weeks. Yesterday, it decisively slipped and closed below these supports, indicating weakness ahead.

 

Recommendation

14/10/2016 10:31:49 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy JK Tyre & Industries Ltd For Target Rs. 170.00 - Religare Sec

JK Tyre & Industries Limited

Inline with other tyre stocks, JKTYRE too performed extremely well past couple of months. It held that positive bias yesterday as well and settled at day’s top even when broader markets tumbled. All this suggests, bullish bias is here to last.

 

Recommendation

14/10/2016 10:30:07 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy CESC Ltd For Target Rs.683.00 - Reliance sec

Technical Research

* CESC reversed finding support around its long-term moving average 100-days SMA after witnessing sharp decline from 683 mark.

* Rise in key technical indicators- Stochastic & RSI from their positive cross-over is signaling strength in the stock and that will help it to surpass near-term hurdles and visit prior swing hi

13/10/2016 10:57:18 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy Tata Global Beverages Ltd For Target Rs.166.00 - Religare Sec

Tata Global Beverages Limited

Passing week, TATAGLOBAL registered breakout from two-month long trading range. Post this, it traded sideways in narrow range for three consecutive trading sessions. This indicates consolidation post steep up move. It is a healthy sign indicating pause before further rise.

 

Recommen

13/10/2016 10:52:37 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy IndusInd Bank Ltd For Target Rs.1,447.00 - Reliance

STOCK IN FOCUS

* Indusind Bank demonstrated strong performance in 2QFY17 led by the robust growth in balance sheet, best in class NIM’s of 4% coupled with consistent improvement on all major assets quality parameters

* The bank is well on the track to achieve the target set for Planning Cycle-III by consistently achieving its short-term

13/10/2016 10:50:29 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy Gabriel India Ltd For Target Rs.130.00 - Religare sec

Gabriel India Limited

GABRIEL is consolidating at higher levels from past two months post steep up move where it rallied from 85 till 120 levels. This consolidation should be treated as a pause before further up move. Hence, it is wise to buy this stock within the mentioned range.

 

Recommendation

13/10/2016 10:45:35 AM | Posted in Broking Firm Views - Short Term Report read full news
Technical Recommendation 11th October 2016

SCRIP SYMBOL - CAPF

TECHNICAL RATIONALE – CAPF, like other NBFCs, is strongly placed on multiple chart frames (daily/weekly/monthly) and is currently trading near its 52-week high. Technically, it has recently witnessed a fresh breakout and look upbeat to form a new record high in near future.

11/10/2016 10:55:30 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

We reiterate sell call of RPOWER as it was not initiated in previous trading session.

 

Recommendation

Sell Reliance Power Ltd October Future @ 49-49.5 Stoploss 51.5  Target 45  CMP 48.35   

10/10/2016 9:56:07 AM | Posted in Broking Firm Views - Short Term Report read full news

Buy Inox Leisure Ltd For Target Rs.300.00 - Religare Sec

INOX Leisure Limited

Markets upheld their consolidation bias on Friday as well and closed flat in the end, citing cautious sentiments across the globe ahead of US job report. After flat start, it inched Post series of sideways to bearish candlesticks formed in the past couple of weeks, INOXLEISUR settled on strong note on Friday, i.e. 7th October. It t

10/10/2016 9:52:35 AM | Posted in Broking Firm Views - Short Term Report read full news
Accumulate Amara Raja Batteries Ltd For Target Rs.1240.00 - Religare Sec

Investment Rationale

* Incorporated in 1985, Amara Raja Batteries Ltd (ARBL) is one of the largest manufacturers of lead acid batteries for both industrial and automotive applications in the Indian storage battery industry. ARBL is the largest supplier of stand-by power systems, catering to Indian utilities such as Departments of Telecommunication, Ind

8/10/2016 11:14:21 AM | Posted in Broking Firm Views - Short Term Report read full news
Sell Bank Nifty For Target Rs.8.00 - Religare Sec

Strategy:- Call writing was seen at BANKNIFTY 19800 strike and put writing was seen at 19000 & 18800 PE. Coming week is a holiday shortened week and has only two trading sessions ahead of weekly expiry. Considering this we are recommending a short strangle in Banknifty.

 

Strategy:

SELL BANKNIFTY 13th OCT 19800 CE @ 19 &

8/10/2016 10:37:50 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 8710 and Banknifty futures is at 19525.

* Put writing was seen at Nifty 8600 strikes & Call writing was seen at Nifty 8700 & 8800 strikes.

* In options, highest positions are at 9000 CE and 8600 PE.

* Nifty is expected to be in the r

8/10/2016 10:34:18 AM | Posted in Broking Firm Views - Short Term Report read full news