Buy Bharat Forge Ltd For Target Rs.950.00 - Religare sec

Bharat Forge Limited

Post recent decline (978-850), BHARATFORG is now trading close to the confluence support zone of its 100-200 EMA’s (850) on daily chart. We strongly believe, near-term bias will be positive till it is trading above these medium and long-term averages. Hence, it makes sense buying in mentioned range.

 

11/11/2016 9:37:43 AM | Posted in Broking Firm Views - Short Term Report read full news
Derivative Ideas PNB Housing Finance Ltd For Target Rs.151.00 - Religare Sec

PNB added 9.5% of open interest as long positions. Daily vwap is around 138 levels. On charts, stock is trading above 50/100/200 EMAs on daily charts. We recommend buying the stock with levels given below.

 

Strategy:

BUY PNB NOV FUTS BETWEEN 138-139, SL 133, TARGET 151.

 

To Read Complete Report

10/11/2016 11:22:06 AM | Posted in Broking Firm Views - Short Term Report read full news
Sell Indian Oil Corporation Ltd For Target Rs.297.00 - Reliance Sec

Technical Research

* The stock is continuous pressure post ex-bonus, making lower tops on daily charts after forming a swing low near 289 levels in today’s trading session. The stock has failed to cross its short term average despite its peers outperforming in the past few days.

* Negative divergence in RSI is signaling a fresh breakdow

10/11/2016 11:19:17 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 

GAIL has performed well in past couple of weeks, rallied from 360 till 450 levels. It settled at day’s top after gaining 1.5% on Wednesday, while Nifty index settled a percent lower. Along with price movement, volume too is supporting up move. All this indicates bullish bias is here to last.

 

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10/11/2016 11:12:17 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy HDFC Bank Ltd For Target Rs.1,433.00 - Reliance sec

STOCK IN FOCUS

* HDFC Bank is comfortably placed to capitalise on the expected improvement in the economic cycle

* The bank has been consistently outperforming its peers on both financial and operational fronts backed by strong liability franchise, low exposure to stressed sectors and superior risk management practices

* We expect t

10/11/2016 11:08:47 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy Crompton Greaves Ltd For Target Rs.89.00 - Religare sec

Crompton Greaves Limited

CROMPGREAV is in long-term uptrend, it remained side ways when broader markets were declining. Yesterday, i.e. 9th November, when broader markets tumbled, it settled on flat note. All this indicates strength; hence, we recommend buying with mentioned levels.

 

Recommendation

10/11/2016 11:05:58 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy Hindustan Unilever Ltd For Target Rs.892.00 - Reliance Sec

Technical Research

* The stock is making higher bottoms on daily charts after forming a swing low near 818 levels in the last month. The stock has closed at its short term average and we believe the broader momentum in consumer stocks would signal an up move in the short term.

* Positive divergence in RSI w.r.t. Price rise is also coinciding

9/11/2016 11:10:54 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy Asian Paints Ltd For Target Rs.1165.00 - Religare Sec

Asian Paints Limited

Post steep up move (850-1227), ASIANPAINT witnessed steep sell-off and retraced 50% as per Fibonacci theory. It tested its 200 EMA on Monday and decent buying was witnessed on Tuesday i.e. 8th November. All this indicates buying interest at current levels. Hence, we recommend buying with mentioned range.

 

9/11/2016 11:00:24 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy JK Lakshmi Cement Ltd For Target Rs.550.00 - Reliance sec

STOCK IN FOCUS

* JK Lakshmi Cement (JKLC) is one of the few cement companies in Mid-Cap space, which has managed its plants well with consistent improvement in operating synergies in Northern region

* Considering the initiatives undertaken to improve Durg plant’s operating efficiencies by means of railway siding, WHRS, CPPs, commissioni

9/11/2016 10:56:14 AM | Posted in Broking Firm Views - Short Term Report read full news
Derivative Ideas Bank Nifty For Target Rs.235.00 - Religare Sec

BANKNIFTY futures has huge short positions, so if the event outcome is positive huge short covering can propel the bank nifty higher in ratio to NIFTY and if the event outcome is negative then NIFTY 8400 put can give huge surge beyond the 104 points call premium of BANKNIFTY to make trade profitable.

 

Event Strategy:

BUY BANKN

8/11/2016 10:43:15 AM | Posted in Broking Firm Views - Short Term Report read full news
Sell Reliance Communications Ltd For Target Rs.40.00 - Religare Sec

Reliance Communications Limited

RCOM is in long-term down trend and is under performing broader markets from quite a while. Now, when benchmark Nifty is struggling, it is quite certain, that it will slide further. Hence, we recommend short-selling in mentioned range.

 

Recommendation

S

8/11/2016 10:41:33 AM | Posted in Broking Firm Views - Short Term Report read full news
Sell Godrej Industries Ltd For Target Rs.390.00 - Reliance sec

Technical Research

* The stock reversed facing resistance of its upper band of the rising channel and with its second consecutive down tick settled below its 20-weeks EMA, which is signaling that stock will turnaround in the short-term.

* Negative divergence in Stochastic & RSI w.r.t. recent price rise is also coinciding with our view and

7/11/2016 10:33:34 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy NTPC Ltd For Target Rs.178.00 - Reliance sec

STOCK IN FOCUS

* NTPC reported strong quarterly numbers in-line with our estimate, it’s adjusted net sales surged 3.9% yoy in 2QFY17owing to ~9% growth in regulated equity on the back of commissioning of new capacity, partly offset by lower other income and PLF incentives.

* Its EBITDA rose by 31.1% yoy owing to improved operating margi

7/11/2016 10:29:32 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy Nifty For Target Rs.350.00 - Religare Sec

Strategy:-

Index options buying by FIIs indicating rise in volatility ahead of US presidential election which is scheduled next week. Keeping in mind the increased volatility and major event, we recommend doing long straddle in Nifty.

 

Strategy:

BUY NIFTY 8500 CE @ 100-105 & BUY

5/11/2016 10:39:32 AM | Posted in Broking Firm Views - Short Term Report read full news
Derivative Ideas For Nifty - Religare Sec

DERIVATIVES OUTLOOK

* Nifty Nov futures volume weighted average price (VWAP) is at 8605 and Banknifty futures is at 19490.

* Put buying was seen at Nifty 8400 strikes & Call writing was seen at Nifty 8600 & 8700 strike.

* In options, highest positions are at 9000 CE and 8200 PE.

* Nifty is expected to be in the ran

5/11/2016 10:37:54 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy HDFC Bank Ltd For Target Rs.1,433.00 by Reliance sec

STOCK IN FOCUS

* HDFC Bank has reported healthy growth in profit led by strong growth in NII, treasury and forex income in 2QFY17. Its NII grew by strong 19.6% yoy (2.7% qoq) led by 18.1% yoy (5.1% qoq) growth in loan book. However, NIMs declined by 20bps qoq as the Bank managed to maintain higher liquidity to facilitate redemption of FCNR deposits.

4/11/2016 12:09:14 PM | Posted in Broking Firm Views - Short Term Report read full news
Sell Dr Reddys Laboratories Ltd For Target Rs.3100-3050 - Reliance Sec

Technical Research

* The stock reversed facing resistance of its 61.8% Fibonacci Retracement level of prior sharp decline (from Rs3690-2925) signaling short-term weakness.

* Stochastic & RSI are also coinciding with our view, as both the indicators are in bearish mode.

* We believe the stock will remain in pressure for the short

4/11/2016 10:47:07 AM | Posted in Broking Firm Views - Short Term Report read full news
Sell Havells India Ltd For Target Rs.365.00 - Religare Sec

Havells India Limited

HAVELLS crossed past two week trading range form the down side, registering break down. Volume too supported down side move, indicating fresh short positions have been build and carried forward. Considering all, we advocate short-selling in mentioned range.

 

Recommendation

4/11/2016 10:39:09 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy Power Grid Corporation of India Ltd For Target Rs.190.00 - Religare sec

Power Grid Corporation of India Limited

Despite weakness in broader markets, POWERGRID is consolidating at higher levels, above its 100 EMA support from past couple of weeks. This clearly indicates strength; hence, we believe this ongoing consolidation phase can be utilized for taking fresh long positions.

 

Reco

4/11/2016 10:31:09 AM | Posted in Broking Firm Views - Short Term Report read full news
Derivative Ideas Hindustan Unilever Ltd For Target Rs.26.00 - Religare Sec

HINDUNILVR added 3.1% of open interest as long positions. On charts, it is trading on verge of breakout from congestion zone of last 14 days on daily charts. It has a price support 820 levels.

 

Strategy:

BUY HINDUNILVR 840 CE @ 16-18 & SELL 880 CE @ 4-6, SPREAD AT 12, SL 9, TARGET 26.

3/11/2016 11:01:28 AM | Posted in Broking Firm Views - Short Term Report read full news
Sell Canara Bank Ltd For Target Rs.270.00 - Religare Sec

Canara Bank

Breakdown from head and shoulder pattern is visible on daily chart of CANBK. It is a bearish trend reversal pattern indicating down side move ahead. Considering this, we advocate short-selling in mentioned range.

 

Recommendation

Sell Canara Bank November Future @296-300 &n

3/11/2016 10:55:26 AM | Posted in Broking Firm Views - Short Term Report read full news
Sell BEML Ltd For Target Rs.880-860 - Reliance sec

Technical Research

* Stock tried to recover prior damage after witnessing sharp decline (i.e. from Rs1101 to Rs856), but later failed to surpass its 50-days EMA despite a decent efforts and once again reversed facing resistance of that average.

* Negative cross-over in Stochastic & RSI is singling short-term weakness in the stock.

3/11/2016 10:51:56 AM | Posted in Broking Firm Views - Short Term Report read full news