Buy Zee Entertainment Enterprises Ltd For Target Rs.515.00 - Religare Sec

Zee Entertainment Enterprises Ltd

Passing week, ZEEL posted fresh breakout after trading in a narrow range 432-465 for seven weeks. This move clearly indicates stock is in strong hands and will trade with bullish bias in the coming sessions as well.

 

Recommendation

Buy Zee Entertainme

16/01/2017 11:25:43 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy GAIL (India) Ltd For Target Rs.485.00 - Religare Sec

GAIL (India) Limited

At current juncture, GAIL is trading near its 52-week high, indicating strong trend. It is well placed on short as well as long term charts and looks set for fresh up move. Hence, we advocate buying in mentioned range.

 

Recommendation

Buy GAIL (India) Limited &nbs

16/01/2017 11:22:55 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy Arvind Ltd For Target Rs.15.00 - Religare Sec

Strategy:-

ARVIND added around 1% of open interest as fresh long positions. Daily vwap is around 365 levels. Put writing was seen at 360 levels and call buying (unwinding by writers) was seen at 370 levels. On charts, it has created a fresh buying pivot on daily charts. We suggest buying 370 CE as per levels given be-low.

 

14/01/2017 12:39:17 PM | Posted in Broking Firm Views - Short Term Report read full news
Derivative Ideas For Nifty - Religare Sec

DERIVATIVES OUTLOOK

*  Nifty Jan futures volume weighted average price (VWAP) is at 8210 and Banknifty futures is at 18200.

*  Call writing was seen at 8500 strike and put writing was seen at 8300 strike.

*  In options, highest positions are still at 8000 PE and 8400 CE.

*  Nifty is expected to be in th

14/01/2017 12:34:35 PM | Posted in Broking Firm Views - Short Term Report read full news
Accumulate JK Tyre & Industries Ltd For Target Rs.160.00 - Religare Sec

Investment Rationale

*  The company is a part of the century-old JK Organisation, one of India’s leading private sector conglomerates with a multi-product, multi-location and multi-business operations.

*  The company’s manufacturing operations comprise 12 modern plants strategically located across the country – My

14/01/2017 12:14:02 PM | Posted in Broking Firm Views - Short Term Report read full news
Derivative Ideas Castrol India Ltd For Target Rs.415.00 - Religare Sec

CASTROLIND added around 2.5% of open interest as long positions along with some delivery based buying in previous sessions. On charts, it has formed a buying pivot in daily as well as on intraday charts. We recommend buying castrolind as per levels given below.

 

Strategy:

BUY CASTROLIND JAN FUTS BETWEEN 393-396, SL 385, TARGET

13/01/2017 10:39:55 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy Tata Power Company Ltd For Target Rs.85-89 - Reliance Sec

Technical Research

* The stock rose to two and half month closing high post giving break-out from “Symmetrical Triangle” pattern.

* We believe the stock will surge in the near-term, as (i) substantial rise in volume on the break-out day and (ii) gradual rise in RSI & MACD post their positive cross-over is signaling strength in

13/01/2017 10:39:50 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy TVS Motor Company Ltd For Target Rs.418.00 - Religare Sec

TVS Motor Company Limited

TVSMOTOR is among the better placed auto stock at current juncture, trading firmly above its medium and long term averages (100/200 EMA) on daily chart. Yesterday, i.e. 12th January, it settled near the day’s top, over shadowed past couple of sessions move. All this goes to show, bullish bias will persist in the coming s

13/01/2017 10:33:27 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy DCB Bank Ltd For Target Rs.144.00 - Reliance Sec

STOCK IN FOCUS

* DCB Bank closed 1.8% higher, outperforming benchmark NIFTY by 1.5%

* The 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 all major assets quality parameters

* We expect the bank performance to be positively

13/01/2017 10:30:40 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy Petronet LNG Ltd For Target Rs.400.00 - Religare Sec

Petronet LNG Limited

PETRONET is long term uptrend and is well placed on multiple chart frames (daily, weekly, monthly). It’s 100 EMA is placed nearby around 355 levels, it will act as immediate support if stock price stars falling. Hence, we recommend buying this stock within the mentioned range.

 

Recomme

13/01/2017 10:27:57 AM | Posted in Broking Firm Views - Short Term Report read full news
Derivative Ideas LIC Housing Finance Ltd For Target Rs.20.00 - Religare Sec

LICHSGFIN added around 15.7% of open interest as fresh long positions along with some delivery based buying in previous session. On charts, it has rebound from 200 EMA on daily charts. We suggest buying 540 CE as per levels given below.

 

Strategy:

BUY LICHSGFIN 540 CE BETWEEN 12-13, SL 8, TARGET 20.

 

12/01/2017 10:53:04 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy Zee Entertainment Enterprises Ltd For Target Rs.520-545 - Reliance Sec

Technical Research

* The stock reversed taking support around its break-out line after witnessing profit booking from its all-time-high and later rose to one and half month high.

* Reversal in RSI from its bull market support zone is signaling strength in the stock.

* Improvement in Histogram and recovery in MACD is in favor of turn

12/01/2017 10:50:11 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy Apollo Tyres Ltd For Target Rs.214.00 - Religare Sec

Apollo Tyres Limited

We’re reiterating our buy recommendation on Apollotyre as it was initiated in the given range.

 

Recommendation

Buy  Apollo Tyres Limited    @ 196-198    Stoploss 187  Target 214  CMP 197.10

12/01/2017 10:46:04 AM | Posted in Broking Firm Views - Short Term Report read full news

Buy Kotak Mahindra Bank Ltd For Target Rs.794.00 - Reliance Sec

STOCK IN FOCUS

* Kotak Mahindra Bank (KMB) closed 2.1% higher, outperforming benchmark NIFTY by 1%.

* KMB has demonstrated strong performance in last few quarters 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 has undou

12/01/2017 10:43:22 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy Bharat Forge Ltd For Target Rs.1050.00 - Religare Sec

Bharat Forge Limited

BHARATFORG, after consolidating around its long term averages, has witnessed fresh surge of late. Its chart pattern and confirmation indicators are pointing towards strong surge ahead.

 

Recommendation

Buy Bharat Forge Limited  @  950-955  Stoploss 9

12/01/2017 9:44:15 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy Hero MotoCorp Ltd For Target Rs.3280-3330 - Reliance Sec

Technical Research

* The stock has witnessed sharp decline after reversing from its long-term moving average 100-days SMA, but later it has formed strong base around its 76.4% Fibonacci Retracement level of prior rise (Rs2850-3333) and advanced gradually thereafter.

* Steady rise in RSI & MACD post positive cross-over is signalling streng

11/01/2017 10:56:58 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy HeidelbergCement India Ltd For Target Rs.145.00 - Reliance Sec

STOCK IN FOCUS

* HeidelbergCement India (HCIL) gained ~2% in yesterday’s trade on the expectation of improvements in 4QFY17E.

* 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

11/01/2017 10:51:31 AM | Posted in Broking Firm Views - Short Term Report read full news
Derivative Ideas HDFC Bank Ltd For Target Rs.20.00 - Religare Sec

HDFCBANK added 8.8% of open interest as long positions. Daily vwap is around 1211 levels. On charts, it has breached congestion zone of past one month on the higher side. We suggest doing a bull spread in HDFCBANK as per levels given below.

 

Strategy:

BUY HDFCBANK 1220 CE AT 12-14 & SELL 1260 CE AT 3-5, SPREAD AT 9, SL 4,

11/01/2017 9:47:18 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy Apollo Tyres Ltd For Target Rs.212.00 - Religare Sec

Apollo Tyres Limited

After the recent fall, APOLLLOTYRE has formed a  fresh buying pivot around its major support zone  of long term averages on the daily chart. Traders  shouldn’t  miss  the  opportunity  and accumulate  fresh in the given range

 

Recommendation

11/01/2017 9:44:59 AM | Posted in Broking Firm Views - Short Term Report read full news
Sell Petronet LNG Ltd For Target Rs.358.00 - Reliance Sec

Technical Research

* The stock is making lower tops with sustained price correction in the past 3 days confirming the down trend in the next few days.

* The key technical indicators and RSI has also reversed turning downwards and as the stock is in poised for a breakdown from current levels.

* The stock has closed below its short te

10/01/2017 11:35:27 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy Aurobindo Pharma Ltd For Target Rs.991.00 - Reliance Sec

STOCK IN FOCUS

* Aurobindo Pharma (ARBP) is a major Indian pharma player in the US market with presence in complex generic segments

* Biz mix change towards high margin complex segment; formulations contribution increased from 56% in FY13 to 79% in FY16 & expected to reach 83% in FY18E

* We expect ARBP to launch 30-40 products i

10/01/2017 11:30:09 AM | Posted in Broking Firm Views - Short Term Report read full news
Derivative Ideas Bank Nifty For Target Rs.80.00 - Religare Sec

Fresh long buildup was seen in BANKNIFTY as BANKNIFTY added around 2.8% of open interest as fresh long positions. We suggest doing a bull spread in Banknifty as per levels given below.

 

Strategy:

BUY BANKNIFTY 12 JAN 18400 CE BETWEEN 60-62 & SELL 18600 CE BETWEEN 17-19, SPREAD AT 42, STOPLOSS AT 25, TARGET 80.

&

10/01/2017 10:58:00 AM | Posted in Broking Firm Views - Short Term Report read full news
Sell Union Bank of India Ltd For Target Rs.112.00 - Religare Sec

Union Bank of India

UNIONBANK is trading weak below its important moving averages (50/100/200 EMA’s) on daily chart, indicating weak trend. Yesterday, it settled at day’s low after forming big red candlestick on daily chart. Considering all, we believe it will head southwards in the near-term.

 

Recom

10/01/2017 10:55:15 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy Strides Shasun Ltd For Target Rs.1250.00 - Religare Sec

Strides Shasun Limited

Despite struggling broader markets, STAR managed fresh breakout from Triangle pattern on weekly chart. It is continuation chart pattern which holds higher validity when formed at longer duration charts (weekly/monthly). Hence, we advocate buying in mentioned range.

 

Recommendation

10/01/2017 10:52:13 AM | Posted in Broking Firm Views - Short Term Report read full news