Buy HCL Technologies Ltd For Target Rs.899.00 - Reliance Sec

* The stock has consolidated in the past few days with positive price action after a sharp sell off from the high of 944 levels.

* Positive cross-over in RSI and short term averages are signaling a turnaround in the stock.

* In case of any negative surprise, monthly averages will continue to work as key support for the stock.

* Thus, long position can be initiated

3/11/2017 4:06:25 PM | Posted in Broking Firm Views - Short Term Report read full news
Buy Ajanta Pharma Ltd For Target Rs.1,500.00 - Reliance Sec

STOCK IN FOCUS

* Ajanta Pharma (AJP) surged 3.5% in yesterday’s trade on account of increased visibility in domestic formulation business ahead with the likely improvement in US sales.

* Steady growth momentum to continue in domestic biz driven by improved sales force productivity and new product launches (15-20 products/year). We envis

3/11/2017 4:00:15 PM | Posted in Broking Firm Views - Short Term Report read full news
Buy Cipla Ltd For Target Rs.33.00 - Religare Sec

Derivative Ideas

CIPLA added around 7.51% in open interest as long buildup was seen in it with some delivery based buying in previous session. Current chart pattern too indicate fresh surge in price. We suggest buying CIPLA November Options as per levels mentioned below.

Strategy: Buy CIPLA NOV 640CE between 2

3/11/2017 11:42:10 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy Divis Laboratories Ltd For Target Rs.1005.00 - Reliance Sec

* Divi’s Laboratories is in the strong up-trend, as the stock reversed after taking support of its 38.2% Fibonacci Retracement of prior rally (Rs605-1004) and managed to recover prior damages.

* Reversal in RSI from its neutral line and positive cross-over in MACD is also signalling strength in the stock.

* As per the current daily set-up, we believe that stock will ke

2/11/2017 4:49:07 PM | Posted in Broking Firm Views - Short Term Report read full news
Buy Mangalam Cement Ltd For Target Rs.440.00 - Reliance Sec

STOCK IN FOCUS

* Mangalam Cement (MCL) surged ~4% in yesterday’s trade on the expectation of better performance ahead with the likely improvement in sales volume in coming quarters mainly to be aided by Aligarh Grinding Unit.

* A long term contract with NTPC for flyash procurement enabled Aligarh unit to ramp up production. Further, lik

2/11/2017 4:40:06 PM | Posted in Broking Firm Views - Short Term Report read full news
Buy Indiabulls Real Estate Ltd For Target Rs.20.00 - Religare Sec

Derivative Ideas

IBREALEST added around 21.58% in open interest as long buildup was seen in it with some delivery based buying in previous session. Current chart pat-tern too indicate fresh surge in price. We suggest buying IBREALEST November Options as per levels mentioned below.

Strategy: Buy IBREALEST NOV 2

2/11/2017 11:51:49 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy Muthoot Finance Ltd For Target Rs.530.00 - Religare Sec

Muthoot Finance Limited

MUTHOOTFIN has been hovering near its record high for last two months or so and has formed a fresh buying pivot on daily chart. Also, it is holding firmly above its short-term moving averages on chart, indicating strong up trend. We advise traders to go long in the given range.

 

2/11/2017 11:35:37 AM | Posted in Broking Firm Views - Short Term Report read full news

Buy The India Cements Ltd For Target Rs.202.00 - Religare Sec

The India Cements Limited

Post breakout from its declining trend line, INDIACEM has witnessed a marginal profit taking of late, offering fresh buying opportunity. Traders shouldn’t miss this chance and use dips to add fresh long in the given range.

 

2/11/2017 11:30:55 AM | Posted in Broking Firm Views - Short Term Report read full news

Buy Hindustan Oil Exploration Company Ltd For Target Rs.107.00 - Choice Broking

* The stock has been trading as per the Momentum Triple Pattern theory in daily, weekly chart which shows the bullish sentiments in the counter.

* On a daily chart, the stock is on verge to give a breakout of the neckline of its Cup & Handle formation which may help for an upside movement in the counter.

*  On a monthly chart, we can see a double crossover of the 20

1/11/2017 5:54:48 PM | Posted in Broking Firm Views - Short Term Report read full news
Buy Mahanagar Gas Ltd For Target Rs.1330.00 - Choice Broking

* On a daily chart, the stock has been trading as per the Momentum Triple Pattern Theory which indicates that the stock could accelerate its upside movement.

* Moreover, the stock has taken a support of its 61.8% Fibonacci Extension level of its last swing (922.90 - 1184 - 1041.60) and forming a strong bullish candlestick which may lead the stock to move further in a northward directi

1/11/2017 5:49:27 PM | Posted in Broking Firm Views - Short Term Report read full news
Sell L and T Finance Holdings Ltd For Target Rs.186.00 - Reliance Sec

* The stock reversed forming Double Top pattern around Rs213 and later slipped to two week low after a strong up move.

* Negative cross-over in RSI and short term averages are signaling about weakness in the stock.

* We believe the stock will remain in pressure for the short-term to correct to its medium term moving averages.

* Thus, short position can be initiated

1/11/2017 2:33:06 PM | Posted in Broking Firm Views - Short Term Report read full news
Buy Dabur India Ltd For Target Rs.381.00 - Reliance Sec

STOCK IN FOCUS

*Dabur closed 3.4% up in trade today at Rs333 vs. 0.3% drop in benchmark Nifty.

* Benefiting from lower base effect and pipeline refilling post GST roll-out, Dabur India’s 2QFY18 numbers exceeded our estimates. While consolidated net sales came in at Rs19.6bn, its net profit grew by 1.3% YoY to Rs3.6bn vs. our estimate of

1/11/2017 2:26:02 PM | Posted in Broking Firm Views - Short Term Report read full news
Buy ITD Cementation India Ltd For Target Rs.192.00 - Choice Broking

* On a daily chart, the stock has been trading as per the Momentum Triple Pattern Theory in all time frames such as daily, weekly and monthly chart which indicates bullish sentiments in the counter.

* On a daily chart, the stock has formed a strong bullish candlestick with an increase in volume activity which suggests accentuate buying activity during the session.

* On a wee

1/11/2017 12:31:41 PM | Posted in Broking Firm Views - Short Term Report read full news
Buy Bharat Heavy Electricals Ltd For Target Rs.7.30 - Religare Sec

Derivative Ideas

BHEL shed around 0.60% in open interest as short covering was seen in it with some delivery based buying in previous session. Current chart pattern too indicate fresh surge in price. We suggest buying BHEL November Options as per levels mentioned below.

 

Strategy: Buy BHEL NOV

1/11/2017 12:17:12 PM | Posted in Broking Firm Views - Short Term Report read full news
Buy Godrej Industries Ltd For Target Rs.620.00 - Religare Sec

Godrej Industries Limited

GODREJIND has witnessed a swift rebound of late after retesting its support zone of long term moving averages on daily chart. The chart pattern combined with confirmation indicators are also pointing towards a strong recovery ahead. We suggest traders to accumulate fresh in the given range.

 


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1/11/2017 12:07:57 PM | Posted in Broking Firm Views - Short Term Report read full news
Buy Apollo Tyres Ltd For Target Rs.269.00 - Reliance Sec

* Apollo Tyres moved upwards after taking support of prior reversal point near to 236 and later the stock rose to 2 week high.

* Due to recent reversal in the prices, the key technical indicator-RSI witnessed identical turnaround from their lower levels.

* On the lower side, the stock will find strong support around its 200 day average of 233 levels.

* Fresh long p

31/10/2017 2:15:43 PM | Posted in Broking Firm Views - Short Term Report read full news
Buy Crompton Greaves Consumer Electricals Ltd For Target Rs.246.00 - Reliance Sec

STOCK IN FOCUS

* Led by volume growth, Crompton Greaves Consumer Electricals (CGCEL) has reported a strong performance in 2QFY18. Its revenue grew by 15.9% YoY while adjusted for non-cash ESOP charge of Rs141mn, its PAT surged by 39.8% YoY.

* CGCEL’s consumer business – which enjoys a substantial brand presence and goodwill in Ind

31/10/2017 1:21:19 PM | Posted in Broking Firm Views - Short Term Report read full news
Buy HDFC Bank Ltd For Target Rs.44.00 - Religare Sec

Derivative Ideas

HDFCBANK shed around 1.40% in open interest as short covering was seen in it with some delivery based buying in previous session. Current chart pattern too indicate fresh surge in price. We suggest buying HDFCBANK November Options as per levels mentioned below.

Strategy: Buy HDFCBANK NOV 1820C

31/10/2017 12:48:20 PM | Posted in Broking Firm Views - Short Term Report read full news
Buy DCB Bank Ltd For Target Rs.190.00 - Religare Sec

DCB Bank Limited

DCBBANK has almost retested major support zone of 200 EMA on the daily chart and consolidating in a narrow range now. Keeping in the mind the past instances, we expect strong rebound in the near future. Traders should use this phase to accumulate fresh in the given range.

 

31/10/2017 12:13:15 PM | Posted in Broking Firm Views - Short Term Report read full news

Buy Orient Paper and Industries Ltd For Target Rs.120.00 - Choice Broking

* The stock has been trading as per the Momentum Triple Pattern theory in all time frames such as daily, weekly and monthly chart which shows the bullish sentiments in the counter.

* On a daily chart, the stock has taken a support of its horizontal trend line around 96 level from where the stock had given a bounce back move in the past.

* On a weekly chart, the stock has bee

30/10/2017 5:51:45 PM | Posted in Broking Firm Views - Short Term Report read full news
Buy Dwarikesh Sugar Industries Ltd For Target Rs.83.00 - Choice Broking

* On an hourly chart, the stock has just started to trade as per the Momentum Triple Pattern Theory which indicates the stock could accelerate its upside movement .

* Moreover, the stock has tested a support of its 100 hours exponential moving average which shows bounce back move in the counter .

* On a daily chart, the stock is forming a strong bullish candlestick after tak

30/10/2017 5:26:31 PM | Posted in Broking Firm Views - Short Term Report read full news