Buy Godrej Consumer Products Ltd For Target Rs.1785.00 - Religare sec

Godrej Consumer Products Limited

GODREJCP is in long-term up trend and is firmly sustaining near its 52-week high. Its 100 EMA support placed nearby around 1550 level is an added advantage as it will keep check on down side move in case of adverse circumstances. Considering all; we believe, it is wise to buy this stock with mentioned levels.

7/10/2016 10:59:03 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy Bharti Airtel Ltd For Target Rs.339-347 - Reliance sec

Technical Research

* Though, Bharti Airtel unable to continue two days old rising trend, short-term turnaround cannot be ruled out in the stock, as volume was relatively lower than prior trading sessions.

* Gradual rise in key technical indicators- RSI & MACD is signaling strength in the stock and that will help it to surge higher.

6/10/2016 12:29:31 PM | Posted in Broking Firm Views - Short Term Report read full news
Buy India Cements Ltd For Target Rs.210.00 - Reliance sec

STOCK IN FOCUS

* India Cements (ICL) gained ~4% in yesterday’s trade on the expectation of healthy earnings in 2Q mainly to be driven by healthy volume and favourable realizations and better prospects ahead.

* We believe that improving operating synergies and increased usage of petcoke (usage reached to 80% at present) will continue to

6/10/2016 12:26:20 PM | Posted in Broking Firm Views - Short Term Report read full news
Derivative Ideas Marico Ltd For Target Rs.300.00 - Religare Sec

MARICO further added around 1% of open interest in long positions. Daily vwap is around 286 levels. On charts, it has crossed above congestion zone of last eight days on the higher side and it is also trading above 50/100/200 EMA’s on daily charts.

 

Strategy:

BUY MARICO OCT FUTS BETWEEN 283-285, SL 278, TARGET 300.

6/10/2016 11:01:15 AM | Posted in Broking Firm Views - Short Term Report read full news
Sell Bharat Heavy Electricals Ltd For Target Rs.126.00 - Religare sec

Bharat Heavy Electricals Limited

BHEL is in down trend and is under performing broader markets form quite a while. Hence, bounce seen in past couple of sessions should be considered fresh short-selling opportunity.

 

Recommendation

Sell Bharat Heavy Electricals Limited Oct Future&

6/10/2016 10:58:08 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy Shriram Transport Finance Company Ltd For Target Rs.1300.00 - Religare Sec

Shriram Transport Finance Company Limited

SRTRANSFIN is gaining strength after consolidating for almost a month near its 100 EMA (1156). It current chart pattern suggests, it is all set for fresh up move towards higher levels. Hence, we advocate buying with mentioned levels.

 

Recommendation

6/10/2016 10:04:05 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy Dabur India Ltd For Target Rs.345.00 - Reliance Sec

STOCK IN FOCUS

* Dabur India closed up 1.3% today in trade at Rs280 compared to 0.3% increase in benchmark Nifty.

* Although Dabur’s volume growth of 4% was below our estimates in 1Q, we believe that volumes would recover towards 2nd half of FY17 on the back of good monsoon and implementation of 7th pay commission recommendation. Dabur

5/10/2016 11:33:56 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy Bharti Airtel Ltd For Target Rs.339-347 - Reliance sec

Technical Research

* Bharti Airtel settled above its 20-days EMA after almost two months with its second consecutive uptick, which is signaling short-term turnaround in the stock.

* Gradual rise in key technical indicators- RSI & MACD from their lowest level is also coinciding with our view.

* On the higher side, stock will face

5/10/2016 11:30:51 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy Tata Motors Ltd For Target Rs.590.00 - Religare sec

Tata Motors Limited

Breakout from Inverted Head and Shoulder pattern is seen on intraday chart of TATAMOTORS (shown above). This is a bullish reversal chart pattern indicating up side move ahead.

 

Recommendation

Buy Tata Motors Limited @ 548-555 Stoploss 538 Target 590&

5/10/2016 11:00:07 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy ACC Ltd For Target Rs.1730.00 - Religare Sec

ACC Limited

After trading sideways for over two months, ACC has recently bounced back from 100 EMA support level. Decent buying interest seen at lower levels is a positive development indicating higher possibility of a sustainable up move, at least in the near-term.

 

Recommendation

Bu

5/10/2016 10:57:19 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy Godrej Consumer Products Ltd For Target Rs.1725.00 - Reliance sec

Technical Research

* Godrej Consumer Product once again reversed finding support around its 100-days SMA and later rose to almost two week closing high, which signaling increase in buying interest in the stock and that will help it to record fresh all-time-high in the short-term.

* Rise in key technical indicators-Stochastic & RSI post th

4/10/2016 10:59:06 AM | Posted in Broking Firm Views - Short Term Report read full news
Derivative Ideas Havells India Ltd For Target Rs.445.00 - Religare Sec

HAVELLS added 18% of open interest as long positions along with some delivery based buying. Daily vwap is around 432 levels. On charts, it is trading on verge of fresh breakout and also trading above short term as well long term moving averages in higher highs and higher lows formation.

 

Strategy:

BUY HAVELLS OCT FUTS BETWEEN

4/10/2016 10:53:57 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 over 2.5% in yesterday’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

4/10/2016 10:51:36 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy Colgate Palmolive (India) Ltd For Target Rs.1050 .00 - Religare Sec

Colgate Palmolive (India) Limited

After a series of indecisive candlesticks, COLPAL settled on strong note on Monday. Volume too supported price movement. Existence of strong support nearby around 960 levels is providing strength. Hence, we advocate buying in mentioned range.

 

Recommendation

4/10/2016 10:45:53 AM | Posted in Broking Firm Views - Short Term Report read full news
Technical Recommendation 3rd October 2016

SCRIP SYMBOL - CAPF

TECHNICAL RATIONALE – CAPF, after a strong surge, was trading sideways and witnessed breakout from the same on Monday i.e. October 3,2016. We expect fresh momentum in days to come and hence, suggest traders to accumulate in the given range.

3/10/2016 6:00:21 PM | Posted in Broking Firm Views - Short Term Report read full news

Buy Indraprastha Gas Ltd For Target Rs.802.00 - Reliance Sec

Technical Research

* Though Indraprath Gas Ltd reversed facing resistance of prior swing high, support around its 20-days EMA once again saved stock from falling further lower.

* Key technical indicators-RSI & MACD are trading above their neutral line and about to give positive cross-over, which is signaling that stock will continue surgi

3/10/2016 11:03:00 AM | Posted in Broking Firm Views - Short Term Report read full news
Sell McLeod Russel (India) Ltd For Target Rs.158.00 - Religare sec

Mcleod Russel India Limited

MCLEODRUSS registered break down from Head and Shoulder pattern on daily chart (shown above). This is a bearish trend reversal pattern indicating down side move in near-term. Hence, bounce from current levels should be considered an opportunity to create fresh short positions.

 

Recomm

3/10/2016 10:59:29 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy KEC International Ltd For Target Rs.170.00 - Reliance Sec

STOCK IN FOCUS

* KEC International closed 4% higher in trade on Friday.

* We are positive on the stock due to its Diversified business model with global reach, Margin improvements ahead, legacy orders nearing completion & Order inflow traction to remains intact.

* The company has seen improved traction in T&D business, both

3/10/2016 10:53:38 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy Hindustan Petroleum Corporation Ltd For Target Rs.410.00 - Religare Sec

Hindustan Petroleum Corporation Limited

HINDPETRO has spent over a month consolidating near recent top i.e. 442.2 levels. At current juncture, it is firmly trading above the upper band of Pennant formation on daily chart (shown above). Consolidation post breakout is positive development indicating more up side move in near future.

 

3/10/2016 10:49:25 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy Cummins India Ltd For Target Rs.945.00 - Religare sec

Strategy:-

CUMMINSIND added 2.4% of open interest as fresh long positions along with strong delivery based buying. Daily vwap is around 905 levels. On charts, it is trading above important short term as well as long term moving averages and also trading above important price support on daily charts. we expect it to rally till 945 levels in short term.

1/10/2016 11:31:24 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 8730 and Banknifty futures is at 19600.

* Nifty and Banknifty futures rolled around 66% and 65% respectively into Oct series.

* Put writing was seen at Nifty 8500 & 8400 strikes & Call writing was seen at Nifty 9000 & 8900 strikes.

1/10/2016 11:26:53 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy Motherson Sumi Systems Ltd For Target Rs.315-320.00 - Religare sec

Investment Rationale

* Motherson Sumi (MSSL) is a pure play auto ancillary catering to Indian as well as global OEMs. Starting with wiring harness systems, MSSL has acquired and mastered businesses in several new domains globally. While standalone business will be a steady contributor to consolidated earnings, contribution from subsidiaries to increase

1/10/2016 10:47:30 AM | Posted in Broking Firm Views - Short Term Report read full news
Derivative Ideas Bharti Infratel Ltd For Target Rs.395.00 - Religare Sec

INFRATEL added 20.20% of open interest long positions. Daily vwap is around 371 levels. It has also crossed above 200 EMA on daily charts with noticeable rise in volumes on Thursday i.e. on Sept 29, 2016. We expect it to rally till 395 levels in short term.

 

Strategy:

BUY INFRATEL OCT FUTS BETWEEN 369-371, SL 361, TARGET 395.

30/09/2016 11:11:50 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy Bharti Infratel Ltd For Target Rs.388.00 - Reliance sec

Technical Research

* Bharti Infratel reversed finding support around its 20-days & 50-days EMA after witnessing sharp decline from Rs388 and later rose to five day closing high with relatively better volume.

* Positive cross-over in RSI & steady rise in MACD is signaling that stock will continue its northward journey for next couple o

30/09/2016 10:50:44 AM | Posted in Broking Firm Views - Short Term Report read full news