Buy Tata Chemicals Ltd For Target Rs.630.00 - Religare Sec

Tata Chemicals Limited

TATACHEM has been witnessing profit taking of late from its record high and reached closer to its immediate support zone of moving averages and likely to consolidate around the current level. Traders are advised to use this phase to accumulate fresh in the given range.

23/05/2017 11:45:19 AM | Posted in Broking Firm Views - Short Term Report read full news

Buy Dish TV India Ltd For Target Rs.104.00 - Religare Sec

Dish TV India Limited

After a strong surge of late, DISHTV is witnessing marginal profit taking and retraced closer to its support zone of short-term moving averages on daily chart. We recommend traders to initiate fresh long positions in the given range.

22/05/2017 12:11:15 PM | Posted in Broking Firm Views - Short Term Report read full news

Derivative Ideas Nifty For Target Rs.30.00 - Religare Sec

DERIVATIVES OUTLOOK

*  Nifty futures volume weighted average price (VWAP) is at 9370 and Banknifty futures is at 22600.

*  Nifty and Banknifty futures closed with premium of around 19 & 25 points respectively.

*  Nifty call writing was seen at 9500 strike, put buying (unwinding by writers) was seen at 9500 strike.

20/05/2017 4:34:50 PM | Posted in Broking Firm Views - Short Term Report read full news
Derivative Ideas Nifty For Target Rs.56.00 - Religare Sec

Derivative Ideas

Put buying (unwinding by writers) was seen at 9500 & 9400 strikes. Huge call writing was seen at 9500 strike. We suggest buying Nifty May 9400 PE as per levels mentioned below.

 

Strategy:

BUY NIFTY MAY 9400 PE BETWEEN 36-38, SL 26, TARGET 56.

 

19/05/2017 9:37:48 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy ITC Ltd For Target Rs.288.00 - Religare Sec

ITC Limited

ITC has been consolidating in a narrow range for last two months and currently hovering around lower band of its range, offering an opportunity to the traders for fresh longs

 

19/05/2017 9:30:51 AM | Posted in Broking Firm Views - Short Term Report read full news
Derivative Ideas Mahanagar Gas Ltd For Target Rs.1,010.00 - Religare Sec

Derivative Ideas

MGL added around 14% of open interest as long positions along with some delivery based buying in previous session. On charts, it has created a buying pivot on daily as well as on intraday charts. it is also trading above important exponential moving averages in higher highs - higher lows formation on daily charts. We r

18/05/2017 1:44:13 PM | Posted in Broking Firm Views - Short Term Report read full news
Buy Vedanta Ltd For Target Rs.255.00 - Religare Sec

Vedanta Limited

In line with rebound in metal pack, VEDL has recovered strongly of late and formed a fresh buying pivot on the daily chart. It’s currently trading closer to its multiple moving averages, acting as cushion. All indications are in the favour of strong surge ahead.

18/05/2017 1:35:34 PM | Posted in Broking Firm Views - Short Term Report read full news

Derivative Ideas LIC Housing Finance Ltd For Target Rs.725.00 - Religare Sec

Derivative Ideas

LICHSGFIN added around 1.2% of open interest as long positions along with some delivery based buying in previous trading session. Daily vwap is around 691 levels. On charts, stock has created a buying pivot on daily as well as on intraday charts. it has resumed its uptrend from price support of 675-680 levels. We sugge

17/05/2017 11:57:49 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy Amara Raja Batteries Ltd For Target Rs.970.00 - Religare Sec

Amara Raja Batteries Limited

AMARAJABAT has posted a fresh breakout from its “Inverted Head and shoulder Pattern” of late and currently witnessing a marginally profit taking, offering a fresh buying opportunity for the traders. Hence, we suggest initiating fresh longs in the given range.

17/05/2017 11:49:50 AM | Posted in Broking Firm Views - Short Term Report read full news

Technical Recommendation 16th May 2017

SCRIP NAME AND SYMBOL - Bharat Financial Inclusion Limited

TECHNICAL RATIONALE – BHARATFIN is now trading on the verge of breakout after completing its three-month long corrective phase. Existence of multiple of moving averages combined with the chart formation adding to the positivity and indicating possibility of strong surge i

16/05/2017 3:34:36 PM | Posted in Broking Firm Views - Short Term Report read full news
Derivative Ideas Tata Power Company Ltd For Target Rs.87.00 - Religare Sec

Derivative Ideas

TATAPOWER added around 1.5% of open interest as fresh long positions. On charts, it has witnessed fresh buying from important price support of 81.50 on daily charts. It is also trading above 100/200 EMAs on daily charts. We suggest buying TATAPOWER May futures as per levels mentioned below.

 

Str

16/05/2017 11:58:20 AM | Posted in Broking Firm Views - Short Term Report read full news
Accumulat Rallis India Ltd For Target Rs.290.00 - Religare Sec

Rallis India Ltd

Investment Rationale

* Rallis is present across the agricultural value chain ranging from hybrid seeds (through its subsidiary Metahelix) to plant growth nutrients to organic manure & soil conditioners (through its subsidiary Zero Waste Agro Organics) to crop protection (agro chemicals).<

15/05/2017 12:34:41 PM | Posted in Broking Firm Views - Short Term Report read full news
Sell Bata India Ltd For Target Rs.550.00 - Religare Sec

Bata India Limited

Despite strong momentum in the benchmark In-dex, BATAINDIA has failed to regain its momen-tum, facing a strong resistance around 595 levels. At current juncture, it has formed a fresh shorting pivot and likely to see fresh decline ahead

15/05/2017 12:09:07 PM | 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 9330 and Banknifty futures is at 22420.

* Nifty and Banknifty futures closed with premium of around 20 & 13 points respectively.

* Nifty call writing was seen at 9500 & 9400 strikes, put writing was seen at 9200 strike and put buying (unwindin

13/05/2017 5:26:42 PM | Posted in Broking Firm Views - Short Term Report read full news
Buy Tata Elxsi Ltd For Target Rs.1,470.00 - Reliance Se

* The stock is consolidating after forming bottom at Rs 1435 with positive price action in the past few weeks, confirming an uptrend.

* The key technical indicator has also reversed from their lower levels and is expected to break on the upside.

* The stock has strong support on its weekly charts holding the short and medium term averages and the positive divergence in the l

12/05/2017 2:20:07 PM | Posted in Broking Firm Views - Short Term Report read full news
Buy Majesco Ltd For Target Rs.556.00 - Reliance Se

STOCK IN FOCUS

* Majesco’s stock rose by 2.4% yesterday, while the BSE Sensex was flat. While the company reported a disappointing 4QFY17, with revenue down 6.2% QoQ in USD terms, we believe underlying industry fundamentals and the key IBM partnership will enable Majesco to boost revenue growth in FY18E.

* Under-penetrated and significa

12/05/2017 2:14:43 PM | Posted in Broking Firm Views - Short Term Report read full news
Buy Lakshmi Vilas Bank Ltd For Target Rs.200.00 - Religare Sec

Lakshmi Vilas Bank Limited

After witnessing marginal profit taking from the top, LAKSHVILAS has formed a fresh buying pivot after consolidating around the short term moving average on daily chart. Traders can accumulate fresh in the given range.

12/05/2017 2:09:55 PM | Posted in Broking Firm Views - Short Term Report read full news