Sell Bajaj Auto Ltd For Target Rs.2500.00 - Reliance Sec

Technical Research

* The stock reversed facing resistance of its short-term moving average 50-day EMA and later slipped to three day low.

* Due to recent reversal, key technical indicators-Stochastic & RSI turned downward from their overbought zone and bear market resistance area respectively, which is signaling lack of buying interest in

8/12/2016 11:00:55 AM | Posted in Broking Firm Views - Short Term Report read full news
Derivative Ideas Reliance Capital Ltd For Target Rs.25.00 - Religare Sec

RELCAPITAL added around 1% of open interest as fresh short positions. Put buying (unwinding by writers) was witnessed. Stock has also created a fresh selling pivot on daily charts. We recommend buying RELCAPITAL 420 PE as per levels given below.

 

Strategy:

BUY RELCAPITAL 420 PE @ 12-13, SL 7, TARGET 25.

 

8/12/2016 10:56:01 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy Mangalam Cement Ltd For Target Rs.410.00 - Reliance Sec

STOCK IN FOCUS

* Mangalam Cement (MCL) surged ~1% in yesterday’s volatile market on the expectation of better performance ahead with the possible improvement in sales volume in coming weeks.

* MCL’s initiatives in the form of multi fuel usability, new railway siding and thrust on increasing PPC production (currently at 60%) will a

8/12/2016 10:52:39 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 trading weak below its important long and short-term averages (200/100 EMA) from past couple of weeks, indicating down trend. Its current chart pattern suggest, it is set for fresh break down post sideways move that lasted for over two weeks. Hence, we advocate short-selling in mentioned range.

 

8/12/2016 10:47:39 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy Indraprastha Gas Ltd For Target Rs.930.00 - Religare Sec

Indraprastha Gas Limited

Despite ongoing weakness in broader markets, IGL has been firmly holding ground and trading close to its 52-week high. Broadly, it is in up trend and is well placed at current juncture as well. Considering its overall chart pattern, we firmly believe it will continue on growth path ahead as well.

 

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8/12/2016 9:43:47 AM | Posted in Broking Firm Views - Short Term Report read full news
Sell Bharti Infratel Ltd For Target Rs.340.00 - Reliance Sec

Technical Research

* The stock reversed facing resistance of inter-mediate falling trend line and closed in red post two consecutive flat trades.

* Due to recent oscillation in the stock prices, key technical indicators-Stochastic & RSI turned downward from their overbought zone and bear market resistance area respectively, which is signa

7/12/2016 11:20:13 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy Heidelberg Cement India Ltd For Target Rs.145.00 - Religare Sec

STOCK IN FOCUS

* HeidelbergCement India (HCIL) closed 5% higher in trade on Tuesday.

* HCIL has reported 3% decline in top-line to Rs3.84bn in 2QFY17 vis-à-vis our estimates of Rs4.15bn mainly owing to lower than estimated sales volume.

* Though its sales volume declined by 5.7% yoy & 18% qoq to 1.0mnT, operating performa

7/12/2016 11:07:42 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy NMDC Ltd For Target Rs.136.00 - Religare Sec

NMDC Limited

NMDC is well placed on short as well as long-term charts, indicating it is in strong uptrend. At current juncture, it is set for fresh breakout towards 135- 138 levels. Hence, we advocate buying it in the mentioned range.

 

Recommendation

Buy NMDC Ltd @ 123-124 Stoplo

7/12/2016 11:03:20 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy Ceat Ltd For Target Rs.1400.00 - Religare Sec

CEAT Limited

We reiterate buy call of CEATLTD as it was not initiated in previous trading session.

 

Recommendation

Buy CEAT Ltd @ 1265- 1275 Stoploss 1220 Target 1400 CMP 1269.05

7/12/2016 11:00:04 AM | Posted in Broking Firm Views - Short Term Report read full news
Technical Recommendation 6th December 2016

SCRIP SYMBOL - BEL

TECHNICAL RATIONALE – After recent breakout, BEL has been inching gradually higher and holding strong around its record high. We had recommended buying in the passing week too but it was not initiated in the given range thus we’re reiterating with the updated levels.

6/12/2016 4:13:03 PM | Posted in Broking Firm Views - Short Term Report read full news

Buy Asian Paints Ltd For Target Rs.990-1000 - Reliance Sec

Technical Research

* The stock is consolidating around its long-term moving average 100-weeks SMA after falling ~29% from its life-time-high Rs1224.26.

* Due to recent oscillation in the stock prices, key technical indicators-Stochastic & RSI turned upward from their multi month low, which is signaling lack of selling interest in the stoc

6/12/2016 11:59:54 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy ITC Ltd For Target Rs.284.00 - Reliance Sec

STOCK IN FOCUS

* ITC reported good set of numbers in 2QFY17 with its net sales growing by 9.6% yoy to Rs95.4bn and net profit rising by 10.5% yoy to Rs25bn.

* Volume in cigarettes business is estimated to have grown by 4% in 2QFY17 compared to 2% growth in 1Q FY17, led by strong growth in DSFT cigarettes. Segmental EBIT margins improved 40bps

6/12/2016 11:44:11 AM | Posted in Broking Firm Views - Short Term Report read full news
Sell IRB Infrastructure Developers Ltd For Target Rs.180.00 - Religare Sec

IRB Infrastructure Developers Ltd

IRB has been consolidating in a range after the recent slide, which has result in formation of fresh shorting pivot on the daily chart.

 

Recommendation

Sell IRB Infrastructure Developers Ltd December Future @ 192-194 Stoploss 198  Targe

6/12/2016 11:40:59 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy Ceat Ltd For Target Rs.1380.00 - Religare Sec

CEAT Limited

Among tyre counters, CEAT has seen decent rebound of late and look upbeat to carry this momentum ahead as well. Its chart pattern and confirmation oscillators are also pointing towards possibility of strong surge ahead.

 

Recommendation

Buy CEAT Ltd @ 1255-1260 Stoploss 12

6/12/2016 11:23:25 AM | Posted in Broking Firm Views - Short Term Report read full news
Sell Coal India Ltd For Target Rs.285.00 - Religare sec

Coal India Limited

COALINDIA is sustaining below its long and short-term averages (200/100/50 EMA) from past couple of sessions, indicating weakness. On Friday, it kept trading with bearish bias and settled near day’s low on back of strong volume. All this go to show, fresh short positions have been added. Hence, we advocate selling this stock in

5/12/2016 11:30:52 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy ICICI Bank Ltd For Target Rs.280-295 - Reliance

Technical Research

* The stock reversed sharply after visiting upper band of the rising channel, but from last couple of days it stuck in the narrow range.

* Recovery in key technical indicators-Stochastic, RSI & MACD from their oversold zone is signaling lack of selling interest in the stock at this juncture.

* As per the curre

5/12/2016 11:25:14 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy Bajaj Finserv Ltd For Target Rs.3150.00 - Religare Sec

Bajaj Finserv Limited

BAJAJFINSV has outperformed benchmark Nifty index in recent past, It traded sideways when broader markets tumbled. It has performed well among its peers as well. Considering all, we expect it will continue its outperformance ahead as well.

 

Recommendation

Buy Baj

5/12/2016 11:17:28 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy KNR Constructions Ltd ForTarget Rs.830.00 - Reliance sec

STOCK IN FOCUS

* KNR Constructions (KNRC) surged ~3% in Friday’s trade.

* KNRC’s order book at Rs45.8bn, which is ~3.9x TTM revenue, lends sound visibility of future growth.

* It secured orders over Rs18.0bn in FY17E till date. Further, 93% of its total order book accounts from government, which mitigates payment default

5/12/2016 11:06:01 AM | Posted in Broking Firm Views - Short Term Report read full news
sell Wipro Ltd For Target Rs.437.00 - Religare Sec

Strategy:-

WIPRO added around 2.5% of open interest as fresh short positions along with some call writing at OTM strikes. On charts, it has created a fresh selling pivot on daily charts near important price resistance of 472. We recommend selling Dec futs as per levels given below.

 

Strategy:

3/12/2016 10:14:17 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 8095 and Banknifty futures is at 18465.

* Call writing was seen at Nifty 8200 & 8300 strikes, Put buying (unwinding by writers) was seen at 8000 & 8100 strikes.

* In options, highest positions are at 8300 CE and 8000 PE.

* Nifty is e

3/12/2016 10:11:55 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy HDFC Bank Ltd For Target Rs.1,250.00 - Reliance sec

Technical Research

* The stock reversed taking support of its long-term moving average 200-days SMA after witnessing fall of ~12% from its life-time-high Rs1318.

* Due to recent reversal in the stock prices, key technical indicators-Stochastic & RSI turned upward from their multi month low, which is signaling lack of selling interest in t

2/12/2016 10:42:00 AM | Posted in Broking Firm Views - Short Term Report read full news
Sell DLF Ltd For Target Rs.102.00 - Religare Sec

DLF Limited

Nothing much has changed for DLF in recent time. It is still trading weak below its important moving averages (50/100/200 EMA). Yesterday, it settled near day’s low and formed big red candlestick after couple of sessions sideways move, indicating weakness. We are not expecting this situation to change any time soon; hence, it makes se

2/12/2016 10:38:14 AM | Posted in Broking Firm Views - Short Term Report read full news