Buy CESC Ltd For Target Rs.975.00 - Religare Sec

CESC Limited

CESC has rebounded swiftly today i.e. July 14 after spending nearly a month around the support area of 100 EMA on daily chart. This rebound was supported by noticeable rise in volume, indicating the momentum to continue.

17/07/2017 11:22:13 AM | Posted in Broking Firm Views - Short Term Report read full news

Buy Capital First Ltd For Target Rs.775.00 - Religare Sec

Capital First Limited

In line with other NBFC counters, CAPF has surged strongly of late and also witnessed an upside breakout from a consolidation range. It now looks upbeat for fresh up move thus traders shouldn’t miss this opportunity and accumulate in the given range.

17/07/2017 11:18:47 AM | Posted in Broking Firm Views - Short Term Report read full news

Buy Bank Nifty For Target Rs.70.00 - Religare Sec

Strategy:-

Banknifty futures has been adding fresh long positions. Banknifty is likely to be in a range of around 23600-24300 for next 4-5 sessions. We recommend doing a bull call spread in 20th July Banknifty 24200/24400 CE as per levels given below.

 

Strategy:

BUY BANKNIFTY 20th JU

15/07/2017 12:16:47 PM | Posted in Broking Firm Views - Short Term Report read full news
Derivative Ideas For Nifty - Religare Sec

DERIVATIVES OUTLOOK

* Nifty futures volume weighted average price (VWAP) is at 9720 and Banknifty futures is at 23500.

* Put writing was seen at Nifty 9700 & 9800 strikes.

* Maximum positions are at 9900CE and 9600 PE. Nifty is expected to be in the range of 9800-10100.

* Telecom, Cement, Oil & Gas, Banks and Pharm

15/07/2017 12:14:44 PM | Posted in Broking Firm Views - Short Term Report read full news
Derivative Ideas Dewan Housing Finance Corporation Ltd For Target Rs.465.00 - Religare Sec

Derivative Ideas

DHFL added around 3% of open interest as fresh long positions. On charts, it has breached past 10 sessions’ congestion zone on the higher side with noticeable rise in volumes. It is also trading in higher highs-higher lows formation on charts. Hence, we suggest buying DHFL July futures as per levels given below.<

14/07/2017 2:49:33 PM | Posted in Broking Firm Views - Short Term Report read full news
Buy Motherson Sumi Systems Ltd For Target Rs.345.00 - Reliance Se

* Motherson Sumi is in the strong up-trend, as stock reversed after taking support of its 23.6% Fibonacci Retracement level of prior multimonth rise (from Rs202 to 329) and later, it has managed to recover partial losses.

* Due to recent recovery in the prices, RSI reversed from the crucial level-50 and MACD has given positive cross-over, which is signaling strength in the stock.

14/07/2017 2:27:26 PM | Posted in Broking Firm Views - Short Term Report read full news
Buy HDFC Ltd For Target Rs.1,786.00 - Reliance Se

STOCK IN FOCUS

* HDFC closed 1% higher, outperforming benchmark NIFTY Index by 0.3%

* Over the last few years, HDFC Ltd has proven its competitive edge over its peers through decent growth in business, stable spreads, well-managed asset quality and better performance in other financial business subsidiaries. Consequently, the stock traded at

14/07/2017 2:20:09 PM | Posted in Broking Firm Views - Short Term Report read full news
Buy Indiabulls Housing Finance Ltd For Target Rs.1,187.00 - Reliance Se

* Indiabulls Housing Finance is in the strong up-trend, as stock reversed after taking support of its 23.6% Fibonacci Retracement level of prior multi-month leap (from Rs605 to 1187) and managed to recover partial losses.

* Due to recent recovery in the prices, key technical indicator-RSI also reversed from sub-60 mark and about to give positive cross-over, which is signaling strength

14/07/2017 1:33:01 PM | Posted in Broking Firm Views - Short Term Report read full news
Positive On Hindustan Zinc Ltd For Target Rs.301.00 - Reliance Se

STOCK IN FOCUS

* Hindustan Zinc Ltd (HZL) outperformed the Nifty Metal Index and closed 1% higher.

* 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 rose by 187% YoY and 35% QoQ to Rs37.5bn. Mined

14/07/2017 1:29:20 PM | Posted in Broking Firm Views - Short Term Report read full news
Derivative Ideas V-Guard Industries Ltd For Target Rs.195.00 - Religare Sec

Derivative Ideas

VGUARD added around 2% of open interest as fresh long positions along with some delivery based buying in previous session. On charts, it is hold strong above its medium term moving averages. Keeping in mind the recent developments on chart and derivatives front, we recommend buying VGUARD July futures as per levels giv

13/07/2017 9:49:24 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy Indiabulls Housing Finance Ltd For Target Rs.1,190.00 - Religare Sec

Indiabulls Housing Finance Limited

IBULHSGFIN witnessed a marginal profit taking from its 52 week high and retraced closer to the support zone of short term moving averages on daily chart. After hovering around that zone for few weeks, it looks all set to resume the uptrend again. We advise to accumulate in the given range.

13/07/2017 9:45:51 AM | Posted in Broking Firm Views - Short Term Report read full news

Buy Havells India Ltd For Target Rs.500.00 - Religare Sec

Havells India Limited

HAVELLS has been consolidating in a broader range for last two months while holding strongly above the support zone of multiple moving averages on daily chart. The chart pattern along with confirmation indicators are clearly pointing towards a strong surge ahead.

13/07/2017 9:38:46 AM | Posted in Broking Firm Views - Short Term Report read full news

Sell Tata Chemicals Ltd For Target Rs.590.00 - Reliance Se

* Tata Chemicals witnessed sharp rebound from Rs585, but later the stock reversed after facing resistance of its life-time-high (Rs666.5) and slipped to 5-day closing low.

* Due to recent decline in the prices, key technical indicators-Stochastic and RSI reversed from their overbought zone and bear market resistance area (60-67) respectively, signaling near-term weakness in the stock.

12/07/2017 1:48:36 PM | Posted in Broking Firm Views - Short Term Report read full news
Buy IndusInd Bank Ltd For Target Rs.1,716.00 - Reliance Se

STOCK IN FOCUS

* IndusInd Bank closed flat, outperforming benchmark Bank NIFTY by 0.4%.

* The bank has delivered a healthy performance on operating as well as assets quality front in 1QFY18. Its profit after tax grew by 26.5% YoY and 11.3% QoQ to Rs8.4bn led by robust growth in balance sheet and healthy improvement in NII and fee-based income

12/07/2017 1:43:22 PM | Posted in Broking Firm Views - Short Term Report read full news
Derivative Ideas Mahanagar Gas Ltd For Target Rs.1,035.00 - Religare Sec

Derivative Ideas

MGL added around 18% of open interest as long positions. Daily vwap is around 993 levels. It is also trading on verge of congestion zone breakout on daily charts. We recommend buying MGL July futures as per levels given below.

 

Strategy:

BUY MGL JULY

12/07/2017 9:50:00 AM | Posted in Broking Firm Views - Short Term Report read full news
Sell Bank of Baroda Ltd For Target Rs.155.00 - Religare Sec

Bank of Baroda

The PSU banking pack is still underperforming and in fact some of the counters are trading well below their long term averages, indicates negative bias. Amongst all, BANKBARODA has formed a fresh shorting pivot after its failed attempt to cross resistance zone around 170. Traders can initiate fresh shorts in the given range.

12/07/2017 9:47:43 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy PC Jeweller Ltd For Target Rs.270.00 - Religare Sec

PC Jeweller Limited

After retracing marginal from its record high, PCJEWELLER has formed a strong base near the support zone of short-term moving average on daily chart. The chart formation and positioning of oscillators are pointing towards fresh surge in near future.

12/07/2017 9:45:14 AM | Posted in Broking Firm Views - Short Term Report read full news

Technical Recommendation 11th July 2017

SCRIP NAME AND SYMBOL - Bharat Financial Inclusion Limited

TECHNICAL RATIONALE – BHARATFIN has posted a breakout from its declining trend line on daily chart today, after five months of corrective phase. We suggest traders not to miss this opportunity and create fresh longs in the given range.

11/07/2017 1:54:48 PM | Posted in Broking Firm Views - Short Term Report read full news

Buy Larsen & Toubro Ltd For Target Rs.1,834.00 - Reliance Se

* L&T reversed after taking support of horizontal trend line and also its 20-week EMA to recover prior weekly losses.

* Due to recent reversal in the prices, daily technical indicators-RSI and MACD reversed from their oversold zone and has given positive cross-over, which is quite positive for the stock.

* As per the current daily as well as weekly set-up, we believe tha

11/07/2017 1:36:07 PM | Posted in Broking Firm Views - Short Term Report read full news
Buy Indian Bank Ltd For Target Rs.341.00 - Reliance Se

STOCK IN FOCUS

* Indian Bank closed 1.6% higher, outperforming benchmark NIFTY by 0.6%.

* Despite tough operating scenario, the Bank has delivered an improved performance in 4QFY17/FY17 on key operating and asset quality parameters.

* Management is gradually infusing confidence through major changes in operating structure, which has

11/07/2017 1:28:57 PM | Posted in Broking Firm Views - Short Term Report read full news
Derivative Ideas Hexaware Technologies Ltd For Target Rs.256.00 - Religare Sec

Derivative Ideas

HEXAWARE added around 9.5% of open interest as fresh long positions. It has created a fresh buying pivot on daily charts, and is also trading above short term as well as long term moving averages on the same. Keeping in mind the above mentioned facts, we recommend buying HEXAWARE July futures as per levels given below.

11/07/2017 12:19:01 PM | Posted in Broking Firm Views - Short Term Report read full news
Buy Marico Ltd For Target Rs.335.00 - Religare Sec

Marico Limited

MARICO has witnessed a marginal profit taking from its record high of late and currently hovering in a narrow range. We feel it’s a healthy pause and traders should use this to create fresh longs in the given range.MARICO has witnessed a marginal profit taking from its record high of late and currently hovering in a narrow range. W

11/07/2017 12:08:56 PM | Posted in Broking Firm Views - Short Term Report read full news