Buy Hindustan Zinc Ltd For Target Rs.301.00 - Reliance Se

STOCK IN FOCUS

* Hindustan Zinc Ltd (HZL) closed ~1% higher backed by 1.1x its 2-week average traded volume and outperforming the broader indices

* The company recently announced its 4QFY17 results and delivered the best ever quarterly performance primarily on account of record mined metal volume and strong zinc prices

* Its EBITDA

2/05/2017 12:25:36 PM | Posted in Broking Firm Views - Short Term Report read full news
Derivative IRB Infrastructure Developers Ltd For Target Rs.275.00 - Religare Sec

Derivative Ideas

IRB added around 3% of open interest as long positions. On charts, it is trading on verge of resistance breakout from the congestion zone of last three years. It is also trading above its long term as well as short term moving averages on daily charts. We recommend doing a covered call in IRB as per lev

2/05/2017 12:20:38 PM | Posted in Broking Firm Views - Short Term Report read full news
Buy IRB Infrastructure Ltd For Target Rs.275.00 - Religare Sec

Strategy:-

IRB added around 3% of open interest as long positions. On charts, it is trading on verge of resistance breakout from the congestion zone of last three years. It is also trading above its long term as well as short term moving averages on daily charts. We recommend doing a covered call in IRB as per levels given below.

29/04/2017 10:19:39 AM | Posted in Broking Firm Views - Short Term Report read full news
Derivative Ideas For Nifty - Religare Sec

DERIVATIVES OUTLOOK

* Nifty May futures volume weighted average price (VWAP) is at 9320 and Banknifty futures is at 22100.

* Nifty call writing was seen at 9400 strike and put writing was seen at 9300 followed by 9100 and 9200 strikes. Maximum positions are at 9000 PE and 9500 CE. Nifty is expected to be in the range of 9100- 9500.

29/04/2017 10:15:59 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy Asian paints Ltd For Target Rs.1,220.00 - Reliance Se

* Asian Paints reversed after taking support around lower band of the rising channel and also its medium-term and long-term averages
and rose to six months high.

* We believe the stock will continue undergoing positive momentum and will soon climb higher levels as Golden Cross-over of moving
average, rise in RSI and MACD post their positive cross-over is signaling the sa

28/04/2017 3:25:39 PM | Posted in Broking Firm Views - Short Term Report read full news
Buy Power grid corp Ltd For Target Rs.225.00 - Reliance Se

STOCK IN FOCUS

* Power grid corp. is on track to achieve huge capex plan till FY22 as total work in hand expected at Rs1.4trln, including ongoing projects, new projects and TBCB projects worth Rs1.1trln, Rs130bn and Rs160bn, respectively.

* Aided by higher capitalisation and better execution, Power Grid Corporation of India (PGCIL) has repor

28/04/2017 3:17:14 PM | Posted in Broking Firm Views - Short Term Report read full news
Derivative Ideas Ambuja Cements Ltd For Target Rs.268.00 - Religare Sec

Derivative Ideas

AMBUJACEM added around 28% of open interest as long positions. It has rolled around 61% in to next contract. It is also trading on verge of breakout from congestion zone of last eleven days on the higher side. We suggest buying AMBUJACEM May futures as per levels mentioned below.

 

28/04/2017 3:09:34 PM | Posted in Broking Firm Views - Short Term Report read full news
Buy Indo Count Industries Ltd For Target Rs.225.00 - Religare Sec

Indo Count Industries Limited

MANAPPURAM has been consolidating in a narrow range for last two months while holding strongly above its short term moving averages on multiple time frames. It has recently tested the lower band of the range, offering fresh buying opportunity before breakout

28/04/2017 3:03:21 PM | Posted in Broking Firm Views - Short Term Report read full news

Buy Amara Raja Batteries Ltd For Target Rs.925.00 - Reliance Se

* The stock has made higher bottoms in the past few weeks with crossover of its short term averages confirming the uptrend from current levels.

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

* However in case of major decline multi month support of 830 will continue to work as key support for the stock.

* Thus,

27/04/2017 3:06:42 PM | Posted in Broking Firm Views - Short Term Report read full news
Buy JSW Energy Ltd For Target Rs.70.00 - Reliance Se

STOCK IN FOCUS

* JSW Energy recent acquisition of 1,391MW hydel capacity led to total 4,531MW generation capacity from 3,140MW that aided good revenue performance but reported PAT continue to decline on account of lower realization, higher interest cost, depreciation costs and loss in hydro assets.

* We believe that the negatives relating to

27/04/2017 2:57:48 PM | Posted in Broking Firm Views - Short Term Report read full news
Derivative Ideas Bharti Airtel Ltd For Target Rs.370.00 - Religare Sec

Derivative Ideas

BHARTIARTL added around 19% of open interest as long buildup along with good delivery based buying in previous session. It has rolled around 52% in next contract so far. It has also witnessed congestion zone breakout on daily charts on April 26, 2017. We suggest buying BHARTIARTL May futures as per leve

27/04/2017 2:47:52 PM | Posted in Broking Firm Views - Short Term Report read full news
Buy Manappuram Finance Ltd For Target Rs.108.00 - Religare Sec

Manappuram Finance Limited

MANAPPURAM has been consolidating in a narrow range for last two months while holding strongly above its short term moving averages on multiple time frames. It has recently tested the lower band of the range, offering fresh buying opportunity before breakout.

27/04/2017 2:37:28 PM | Posted in Broking Firm Views - Short Term Report read full news

Buy ITC Ltd For Target Rs.310.00 - Religare Sec

ITC Limited (ITC)

After a month long consolidation phase, ITC has witnessed a fresh surge today i.e. on April 26 and made a new record high. Its chart pattern indicates positive trend to continue

27/04/2017 2:31:06 PM | Posted in Broking Firm Views - Short Term Report read full news
Buy Mahindra & Mahindra Ltd For Target Rs.1,410.00 - Religare Sec

Mahindra & Mahindra Limited (M&M)

M&M has registered a fresh breakout from its month long consolidation phase on the daily chart, supported by decent rise in volume. Existence of support of multiple moving averages combined with the chart formation clearly pointing towards strong surge in near future.

26/04/2017 4:37:15 PM | Posted in Broking Firm Views - Short Term Report read full news

Buy Mahindra & Mahindra Ltd For Target Rs.1,410.00 - Religare Sec

Mahindra & Mahindra Limited (M&M)

M&M has registered a fresh breakout from its month long consolidation phase on the daily chart, supported by decent rise in volume. Existence of support of multiple moving averages combined with the chart formation clearly pointing towards strong surge in near future.

26/04/2017 3:58:13 PM | Posted in Broking Firm Views - Short Term Report read full news

Technical Recommendation 25th April 2017

SCRIP NAME AND SYMBOL - Capital First Limited (CAPF)

TECHNICAL RATIONALE – CAPF has retraced marginal from its 52-week high due to profit booking and currently hovering in a narrow range. After spending nearly a month in a consolidation zone, it looks all set to resume the uptrend in near future. Traders should use this pause to

25/04/2017 4:52:40 PM | Posted in Broking Firm Views - Short Term Report read full news
Buy M&M Ltd For Target Rs.1,340.00 - Reliance Sec

* The stock has made a strong bottom in the last few weeks at 1213 and making higher bottoms on its weekly charts with strong volumes in the last few days.

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

* The stock has closed above its short term averages confirming the uptrend and th

25/04/2017 3:13:22 PM | Posted in Broking Firm Views - Short Term Report read full news
Buy HDFC Bank Ltd For Target Rs.1,833 - Reliance Sec

STOCK IN FOCUS

* HDFC Bank closed 2.4% higher, outperforming benchmark NIFTY by 1.3%. Despite an adverse macroeconomic scenario, the Bank has delivered a healthy performance on business growth, operating parameters and assets quality front in 4QFY17.

* In comparison of a mere 5% YoY growth in banking industry loan, HDFC Bank’s loan book

25/04/2017 3:06:38 PM | Posted in Broking Firm Views - Short Term Report read full news
Derivative Ideas Dalmia Bharat Ltd For Target Rs.2,220.00 - Religare Sec

Derivative Ideas

DALMIABHA witnessed huge delivery based buying in previous session and also surged around 2.5% on Monday i.e. April 24, 2017, on short covering. On charts, stock has created a buying pivot on daily as well as on intraday charts and also trading in higher highs—higher lows formation above short ter

25/04/2017 3:00:28 PM | Posted in Broking Firm Views - Short Term Report read full news
Buy Hindustan Unilever Ltd For Target Rs.960.00 - Religare Sec

Hindustan Unilever Limited (HINDUNILVR)

HINDUNILVR has witnessed marginal profit taking and retraced near to its immediate support zone of short-term moving averages. The chart pattern along with confirmation indicators are clearly pointing towards strong rebound in near future.

25/04/2017 2:55:22 PM | Posted in Broking Firm Views - Short Term Report read full news

Buy Bajaj Auto Ltd For Target Rs.2,820.00 - Religare Sec

Bajaj Auto Limited (BAJAJ-AUTO)

Among the auto stocks, Bajaj-auto is currently trading around the support area of multiple moving averages and formed a fresh buying pivot on daily chart. Indications from the auto index chart is also favouring strong surge ahead.

25/04/2017 2:50:53 PM | Posted in Broking Firm Views - Short Term Report read full news

Sell Max Financial Services Ltd For Target Rs.595.00 - Reliance Sec

Technical Research

* Max Financial reversed from its life-time high forming Rounding Top pattern and slipped to 2-week low, which is signaling near-term weakness in the stock.

* Negative cross-over in key technical indicators- RSI and MACD also coinciding with our near-term view and in favor of probable decline in the stock.

* On th

24/04/2017 4:36:31 PM | Posted in Broking Firm Views - Short Term Report read full news