Buy Dabur India Ltd For Target Rs.298.00 - Religare Sec

Dabur India Limited

After a recent surge roughly from 272 to 285 levels, DABUR has currently witnessed marginal profit taking and offers a fresh opportunity for the traders to initiate long positions.

 

Recommendation

Buy Dabur India Ltd @ 282-284  Stoploss 277 Target 298  CM

10/04/2017 10:59:06 AM | Posted in Broking Firm Views - Short Term Report read full news
Sell Lupin Ltd For Target Rs.1360.00 - Religare Sec

Strategy:-

LUPIN added around 4.80% of open interest as short positions. Daily vwap is around 1427 levels. On charts, it has witnessed support line break down on daily charts, and it is also trading below short term as well as long term moving averages on daily charts. We suggest selling LUPIN Apr futures as per levels given below.

 

8/04/2017 11:01:27 AM | Posted in Broking Firm Views - Short Term Report read full news
Derivative Ideas For Nifty - Religare Sec

DERIVATIVES OUTLOOK

* Nifty Apr futures volume weighted average price (VWAP) is at 9180 and Banknifty futures is at 21470.

* Nifty futures closed at a premium of around 20 points and Banknifty futures at around 15 points.

* Nifty call writing was seen at 9300, 9500 & 9200 strikes and put buying (unwinding by writers) was seen at

8/04/2017 10:56:48 AM | Posted in Broking Firm Views - Short Term Report read full news
Accumulate Allcargo Logistics Ltd For Target Rs.205.00 - Religare Sec

Investment Rationale

* Allcargo, a leading integrated logistics players spread across 90 countries and shipments across 4,000+ port pairs, is the largest player in asset light LCL consolidation. Its synergized business model provides cost effective logistic solutions and it is ready to exploit attractive opportunities in new businesses with entry into

8/04/2017 10:21:11 AM | Posted in Broking Firm Views - Short Term Report read full news
Derivative Ambuja Cements Ltd For Target Rs.254.00 - Religare Sec

Derivative Ideas

AMBUJACEM added around 7.2% of open interest as fresh long positions along with some delivery based buying in previous sessions. On charts, it has witness upside breakout from Inverted Head & Shoulder pattern on daily charts. We suggest buying AMBUJACEM as per levels given below.

Strategy:

7/04/2017 1:55:33 PM | Posted in Broking Firm Views - Short Term Report read full news
Buy SRF Ltd For Target Rs.1750.00 - Religare Sec

SRF Limited (SRF)

After six months of consolidation, SRF is trading on verge of breakout from the declining trendline and likely to resume its broader uptrend. Traders shouldn’t miss this opportunity and accumulate fresh in the given range.

 

7/04/2017 1:43:56 PM | Posted in Broking Firm Views - Short Term Report read full news

Derivative NMDC Ltd For Target Rs.142.00 - Religare Sec

Derivative Idea

NMDC added around 3.2% of open interest as long positions. Recent profit taking from 52 weeks highs seems to halt near 100 EMA and price support zone of 130-132 on daily charts. On Wednesday i.e. April 5, 2017, it has closed above past 10 days closing levels. We recommend buying NMDC APR futures as per levels given below. 

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6/04/2017 1:59:51 PM | Posted in Broking Firm Views - Short Term Report read full news
Buy Oriental Bank of Commerce Ltd For Target Rs.160.00 - Religare Sec

Oriental Bank of Commerce

ORIENTBANK is trading well above its all major moving averages on the daily charts and looks upbeat to maintain the prevailing bias ahead as well. its current chart pattern along with its confirmation indicators are also pointing towards strong surge ahead.

6/04/2017 1:56:48 PM | Posted in Broking Firm Views - Short Term Report read full news

Buy Kwality Ltd For Target Rs.185.00 - Religare Sec

*  Kwality Wall's is a frozen desserts brand owned by the Indian consumer goods company Hindustan Unilever. It is a major producer and distributor of frozen dessert and ice-cream products in India, Bhutan, Brunei, Nepal, Sri Lanka and Malaysia.

*  It has marginally retraced from its 52-week high i.e. 167.95 and formed a fresh buying pivot after consolidating around the i

5/04/2017 5:41:58 PM | Posted in Broking Firm Views - Short Term Report read full news
Buy Kajaria Ceramics Ltd For Target Rs.700.00 - Religare Sec

*  Kajaria Ceramics is the largest manufacturer of ceramic/vitrified tiles in India. It has an annual aggregate capacity of 68.60 mn. sq. meters, distributed across nine plants - Sikandrabad in Uttar Pradesh, Gailpur & Malootana in Rajasthan, five plants in Gujarat and one at Vijayawada in Andhra Pradesh.

*  Technically, it has witnessed a fresh breakout after consolidat

5/04/2017 5:33:52 PM | Posted in Broking Firm Views - Short Term Report read full news
Derivative Ideas Gail (India) Ltd For Target Rs.12.00 - Religare Sec

Derivative Ideas

GAIL shed around 5.5% of open interest as short covering. Call buying was seen at 390 levels. On charts, stock has created a fresh buying pivot on daily, weekly as well as on intraday charts, and it is also trading above important short term as well as long term moving averaged in higher highs-higher lows formation on daily charts. Cal

5/04/2017 1:46:47 PM | Posted in Broking Firm Views - Short Term Report read full news
Buy Canara Bank Ltd For Target Rs.325.00 - Religare Sec

 Canara Bank Ltd

Among the PSU banking counters, Canara bank has been trading well above its long term moving averages on multiple time frames and now looks all set for a fresh breakout. The chart pattern and positioning of the indicators are also strengthening the possibility of fresh surge.

5/04/2017 1:36:26 PM | Posted in Broking Firm Views - Short Term Report read full news

Technical Recommendation 4th April 2017

SCRIP NAME AND SYMBOL - Godrej Consumer Products Limited (GODREJCP)

TECHNICAL RATIONALE –

GODREJCP has been consolidating around the record high for nearly three months and formed a fresh buying pivot. It’s now on the verge of breakout from the same so traders shouldn’t miss this opportunity

4/04/2017 9:57:39 AM | Posted in Broking Firm Views - Short Term Report read full news
Derivative Ideas Oil India Ltd For Target Rs.345.00 - Religare Sec

Derivative Ideas

OIL added around 11.50% of open interest as fresh long positions along with some delivery based buying in previous session. On charts, it has created a fresh buying pivot near price support zone on daily charts. We suggest buying OIL April futures as per levels given below.

Strategy:

BUY OIL APR FUT

3/04/2017 8:02:55 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy NIIT Technologies Ltd For Tareget Rs.470.00 - Religare Sec

NIIT Technologies Limited

NIITTECH has registered fresh breakout from its consolidation phase with decent rise in volume. The current chart pattern indicates strong surge ahead. We suggest traders to initiate fresh long in the given range.

3/04/2017 7:57:55 AM | Posted in Broking Firm Views - Short Term Report read full news

Accumulate JK Tyre and Industries Ltd For Target Rs.170.00 - Religare Sec

Investment Rationale

* Incorporated in 1951, JK Tyre and Industries Ltd is one of India’s leading private sector conglomerates with a multi-product, multi-location & multi-business operations.

* The company’s manufacturing operations comprise 12 modern plants strategically located across India. The company has 141 JK Tyre sell

1/04/2017 11:19:34 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy Oil India Ltd For Target Rs.345.00 - Religare Sec

Strategy:-

OIL added around 11.50% of open interest as fresh long positions along with some delivery based buying in previous session. On charts, it has created a fresh buying pivot near price support zone on daily charts. We suggest buying OIL April futures as per levels given below.

 

Strategy

1/04/2017 10:58:55 AM | Posted in Broking Firm Views - Short Term Report read full news
Derivative Ideas For Nifty - Religare Sec

DERIVATIVES OUTLOOK

* Nifty Apr futures volume weighted average price (VWAP) is at 9150 and Banknifty futures is at 21400.

* Nifty and Banknifty futures has rolled around 68% each into April contract.

* Nifty futures closed at a premium of around 25 points and Banknifty futures at around 39 points.

* Nifty call writing was

1/04/2017 10:56:27 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy CESC Ltd For Target Rs.900.00 - Reliance Sec

* CESC is in the strong up-trend as the stock reversed after taking support of Rs790 (23.6% Fibonacci Retracement level of prior up-move Rs527-876) and later rose to Rs857.

* Key technical indicators-RSI & MACD are positively poised above their neutral line, where MACD is on the verge of positive cross-over.

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

31/03/2017 11:45:55 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy Ahluwalia Contracts Ltd For Target Rs.330.00 - Reliance Sec

STOCK IN FOCUS

* Ahluwalia Contracts (ACIL) surged over ~2% in yesterday’s trade on the expectation of healthy performance in ensuing quarters.

* Order backlog currently stands at Rs40bn, which is 3.0x TTM revenue thus ensuring with healthy revenue visibility going ahead.

* ACIL added orders worth Rs15bn durin

31/03/2017 11:42:38 AM | Posted in Broking Firm Views - Short Term Report read full news
Derivative Ideas IRB Ltd For Target Rs.250.00 - Religare Sec

Derivative Ideas

IRB added around 38.60% of open interest as fresh long positions. It has rolled around 69% into next series. On charts, it has created a fresh buying pivot on daily as well as on intraday charts, and is also trading above short term as well as long term moving averages in higher highs - higher lows on daily charts. We

31/03/2017 11:34:15 AM | Posted in Broking Firm Views - Short Term Report read full news