Buy The India Cements Ltd For Target Rs.220.00 - Reliance Sec

STOCK IN FOCUS

* India Cements (ICL) gained ~4% in yesterday’s trade on the expectation of improvement in margins and demand scenario in forthcoming quarters.]

*  ICL is having least exposure in Rajasthan (1.5mnT) and is likely to be affected to the extent of Rs20-25/tonne (at 25% cost spread) due to ban on usage of petcoke, which

23/11/2017 12:36:00 PM | Posted in Broking Firm Views - Short Term Report read full news
Buy CESC Ltd For Target Rs.35.00 - Religare Sec

Derivative Ideas

CESC added around 2.4% 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 CESC November Options as per levels mentioned below.

Strategy: Buy CESC NOV 1040CE BETWEEN 13-1

23/11/2017 12:30:53 PM | Posted in Broking Firm Views - Short Term Report read full news
Buy Oil & Natural Gas Corporation Ltd For Target Rs.193.00 - Religare Sec

Oil & Natural Gas Corporation Limited

ONGC has retraced considerably from its record high and currently trading around the support area of short-term moving averages on daily chart. Existences of support and confirmation indicators are pointing towards a strong rebound ahead.

23/11/2017 12:28:23 PM | Posted in Broking Firm Views - Short Term Report read full news

Buy Granules India Ltd For Target Rs.130.00 - Religare Sec

Granules India Limited

TECHNICAL RATIONALE – GRANULES has witnessed decent correction in last one month or so and retraced to 124 of late. Considering its chart pattern and strong support zone around 118, we expect marginal consolidation followed by strong rebound. Traders are therefore advise to use this phase to accumulate fresh longs in the gi

22/11/2017 3:59:21 PM | Posted in Broking Firm Views - Short Term Report read full news
Buy Kwality Ltd For Target Rs.118.00 - Choice Broking

* On a daily chart, the stock has given a breakout of its range bound move with ample volume activity which suggests robust upside movement in the counter in few trading sessions.

* Moreover, the stock has started to trade above its 50 days moving average which is placed at 275.40 level which shows a positive trend of the stock.

* Furthermore, the stock is forming a strong B

22/11/2017 3:23:56 PM | Posted in Broking Firm Views - Short Term Report read full news
Buy Hexaware Technologies Ltd For Target Rs.370.00 - Reliance Sec

* The stock reversed after forming a bullish reversal pattern (i.e. Morning Doji Star) around Rs325 with relatively higher volumes.

* Positive cross-over on Stochastic is signaling that downside will be limited and reversal in RSI from prior resistance line is indicating strength in the stock.

* As per the current daily set-up, we believe that recent reversal in the prices a

22/11/2017 1:09:41 PM | Posted in Broking Firm Views - Short Term Report read full news
Buy Apollo Tyres Ltd For Target Rs.305.00 - Reliance Sec

STOCK IN FOCUS

* Apollo Tyres (ATL) surged ~4% in yesterday’s trade on the expectation of better performance in coming quarters due to sharp drop in international rubber prices led by concerns over rising inventories and soft demand from China.

* ATL currently enjoys ~28% market share in the TBR segment. As radialisation forms only 45%

22/11/2017 1:04:29 PM | Posted in Broking Firm Views - Short Term Report read full news
Buy Arvind Ltd For Target Rs.17.00 - Religare Sec

Derivative Ideas

ARVIND added around 2% 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 ARVIND November Options as per levels mentioned below.

Strategy: Buy ARVIND NOV 430CE BETWEEN 8

22/11/2017 1:00:44 PM | Posted in Broking Firm Views - Short Term Report read full news
Buy Wockhardt Ltd For Target Rs.780.00 - Religare Sec

Wockhardt Limited

Post breakout from its congestion zone, WOCKPHARM has taken a pause near its support zone around 680 level, before further move, which is a healthy sign. Today, it has formed fresh buying pivot supported with rise in volume. Hence, we suggest traders to initiate fresh long as per the mentioned levels.

 

22/11/2017 12:53:59 PM | Posted in Broking Firm Views - Short Term Report read full news
Buy Bajaj Finance Ltd For Target Rs.1,900.00 - Religare Sec

Bajaj Finance Limited

BAJFINANCE has been hovering in a range while holding firmly above its crucial support zone of medium term moving averages. After the recent pause, it is now all set for a fresh surge. We suggest traders to accumulate in the given range.

 

22/11/2017 12:49:13 PM | Posted in Broking Firm Views - Short Term Report read full news

Buy Balrampur Chini Mills Ltd For Target Rs.175.00 - Reliance Sec

* The stock reversed after taking support of its long-term moving average 200-day SMA and rose to 5-day closing high.

* Positive cross-over in the key technical indicators- Stochastic and RSI are signaling that the stock is on a verge of turnaround. Recovery in MACD is also coinciding with our view.

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

21/11/2017 1:16:37 PM | Posted in Broking Firm Views - Short Term Report read full news
Buy Torrent Power Ltd For Target Rs.16.00 - Religare Sec

Derivative Ideas

TORNTPOWER added around 4.09% in open interest as long buildup was seen in it. Current chart pattern too indicate fresh surge in price. We suggest buying TORNTPOWER November Options as per levels mentioned below.

Strategy: Buy TORNTPOWER NOV 270CE BETWEEN 7-8, SL-4, TGT-16.

 

Buy Shipping Corporation Of India Ltd For Target Rs.102.00 - Choice Broking

* On a daily chart, the stock has been continuously taking a support of its 100 days moving average which is placed at 90.30 level which shows short to medium term trend is up.

* Moreover, the stock has formed a Bullish Harami candlestick formation with the help of 100 days moving average which is considered as a bullish reversal formation and indicates an upside movement in the count

20/11/2017 5:59:35 PM | Posted in Broking Firm Views - Short Term Report read full news
Buy Mahindra Holidays and Resort India Ltd For Target Rs.370.00 - Choice Broking

* On hourly chart, the stock has given a breakout of its neckline of double bottom formation which is a bullish reversal formation.

* On a weekly chart, the stock has taken support of its rising trend line which is a positive sign for the counter.

* Moreover, the stock is trading above its 50 weeks exponential moving average which shows the strength in the counter.

20/11/2017 5:49:49 PM | Posted in Broking Firm Views - Short Term Report read full news
Buy Tata Communication Ltd For Target Rs.750.00 - Religare Sec

Tata Communications Limited

TATACOMM has been consolidating while holding firmly above its crucial support zone of long term moving averages. After the recent pause, it is now all set for a fresh surge. We suggest traders to accumulate in the given range.

 

20/11/2017 12:06:36 PM | Posted in Broking Firm Views - Short Term Report read full news

Buy Gail India Ltd For Target Rs.460.00 - Religare Sec

GAIL (India) Limited

GAIL has retraced considerably from its record high and currently trading around the support area of short-term moving averages on daily chart. Existences of support and confirmation indicators are pointing towards a strong rebound ahead.

 

20/11/2017 12:02:30 PM | Posted in Broking Firm Views - Short Term Report read full news

Accumulate Karnataka Bank Ltd For Target Rs.195.00 - Religare Sec

Karnataka Bank Ltd.

Investment Rationale

*  Karnataka Bank (KTK) is one of the oldest private sector banks with a strong regional presence in the Karnataka State. The bank has transformed itself towards higher retail book which is expected to drive growth in profitability. Karnataka state continues to r

18/11/2017 11:00:25 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy Raymond Ltd For Target Rs.40.00 - Religare Sec

Strategy - RAYMOND shed around 1.40% in open interest as short covering was seen in it. Current chart pattern too indicate fresh surge in price. We suggest buying RAYMOND November Options as per levels mentioned below.

 

Strategy - Buy RAYMOND NOV 960CE BETWEEN 18-19, SL-9, TGT-40.

 

18/11/2017 10:52:34 AM | Posted in Broking Firm Views - Short Term Report read full news
Derivatives Ideas For NIfty - Religare Sec

DERIVATIVES OUTLOOK

* Nifty futures volume weighted average price (VWAP) is at 10350 and BankNifty futures is at 25100.

* Call writing was seen at Nifty 10600 strike and Put writing was seen at Nifty 10150 strikes.

* Maximum positions are at 10500 CE and 10000 PE. Nifty is expected to be in the range of 10100-10500.

* Rea

18/11/2017 10:48:10 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy Indian Oil Corporation Ltd For Target Rs.408.00 - Religare Sec

Derivative Ideas

IOC has fresh long buildup in nov futures. Huge put writing also seen at 380 strike with highest put option open interest at that strike. We expect the stock to witness more buying and race towards 408 levels in the short term.

Strategy: Buy IOC NOV @ 388-390 sloss at 378,target 408.

17/11/2017 11:29:41 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy DLF Ltd For Target Rs.222.00 - Religare Sec

DLF Limited

DLF has rebounded strongly of late after testing support zone of short term moving averages around 193 and formed a fresh buying pivot. Traders can utilize any dip to initiate fresh longs in the given range.

 

17/11/2017 11:25:34 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy Jet Airways Ltd For Target Rs.30.00 - Religare Sec

Derivative Ideas

JET AIRWAYS has seen huge cash volume along with fresh short buildup in nov futures. Huge call writing also seen at 720 strike. We expect the stock to witness more selling and fall towards 665 levels in the short term.

Strategy: Buy JET AIRWAYS NOV 680 pe@15-17 sloss at 8,target 30.

16/11/2017 12:04:26 PM | Posted in Broking Firm Views - Short Term Report read full news