Buy Genesys Ltd For Target Rs.312.00 - Choice Broking

* On a daily chart, the stock has been trading as per the Momentum Triple Pattern theory which signifies a bullish sentiments in the counter.

* Moreover, the stock has formed a strong bullish candlestick after taking a support of its 20 days exponential moving average which is a positive sign and may cause for an upside move.

* A daily momentum indicator RSI reading is at 69

22/09/2017 4:41:40 PM | Posted in Broking Firm Views - Short Term Report read full news
Buy Tata Communications Ltd For Target Rs.760.00 - Reliance Sec

* Tata Communications has retraced 27% of prior up-move (Rs570-729) and later reversed after taking support of its long-term moving average 200-SMA. 

* Steady rise in the key technical indicators- RSI and MACD is signalling strength in the stock.

* As per the current daily set-up, we believe that the stock will soon resume its northward journey and recover prior damages

22/09/2017 4:33:49 PM | Posted in Broking Firm Views - Short Term Report read full news
Buy Cyient Ltd For Target Rs.565.00 - Reliance Sec

STOCK IN FOCUS

* Cyient’s stock price rose 1.9% in yesterday’s trade, while the BSE Sensex declined by 0.1%.

* Cyient’s 1QFY18 USD revenue declined 0.3% QoQ, though core business showed a solid 3% QoQ growth, which comes on the back of a 3.3% QoQ growth in 4QFY17.

* The DNO segment saw a 1.7% QoQ USD revenue rise,

22/09/2017 4:29:44 PM | Posted in Broking Firm Views - Short Term Report read full news
Buy Eros International Ltd For Target Rs.245.00 - Choice Broking

* On a daily chart, the stock is forming a Bullish Engulfing candlestick pattern which signifies the bulls have taken control and may cause for an upward movement.

* Moreover, the stock has given a breakout of its consolidation phase and the downward sloping trend line with a bullish candlestick which indicates an upside movement in the counter.

* Furthermore, the stock has

22/09/2017 4:27:01 PM | Posted in Broking Firm Views - Short Term Report read full news
Buy HCL Technologies Ltd For Target Rs.925.00 - Choice Broking

* On an hourly chart, we can see a bounce back move after taking a support of its 100 days moving average which suggests a further upside movement in the counter.

* On a daily chart, the stock has been trading above the 20 days exponential moving average which suggests a positive trend in the counter.

* Moreover, the stock has formed a Tweezer Bottoms like a candlestick patt

22/09/2017 4:22:20 PM | Posted in Broking Firm Views - Short Term Report read full news
Derivatives Ideas HDFC Ltd For Target Rs.15.50 - Religare Secs

Derivative Ideas

HDFC added around 1% in open interest as fresh long positions with some delivery based buying in previous session. Current chart pattern too indicate fresh surge in price. We suggest buying HDFC Sep-tember call options as per levels mentioned below.

 

Strategy:

22/09/2017 9:55:33 AM | Posted in Broking Firm Views - Short Term Report read full news
Sell Union Bank of India Ltd For Target Rs.130.00 - Religare Sec

Union Bank of India

Though UNIONABNK has witnessed a marginal recovery from its support area but failed to cross the resistance zone of multiple moving averages on daily chart, resulting in formation of fresh shorting pivot. We suggest using this bounce to go short as per the levels.

22/09/2017 9:53:16 AM | Posted in Broking Firm Views - Short Term Report read full news

Buy V-Guard Industries Ltd For Target Rs.210.00 - Religare Sec

V-Guard Industries Limited

VGUARD has been consolidating while holding firmly above its support zone of short term moving averages on daily chart. Considering its chart pattern, we expect a strong surge in near future. Traders can accumulate fresh longs in the given range.

22/09/2017 9:50:26 AM | Posted in Broking Firm Views - Short Term Report read full news

Buy Delta Corp Ltd For Target Rs.221.00 - Choice Broking

* On a daily chart, the stock has been trading as per the Momentum Triple Pattern theory which signifies a bullish sentiments in the counter.

* Moreover, the stock has breached above the 50% Fibonacci Extension level of its last swing (157-199.70-184.55) which suggests the stock to move further up to 100% Fibonacci Extension level.

* A daily momentum indicator RSI reading is

21/09/2017 4:28:29 PM | Posted in Broking Firm Views - Short Term Report read full news
Buy Future Retail Ltd For Target Rs.607.00 - Choice Broking

* On a daily chart, the stock has been trading as per the Momentum Triple Pattern theory which suggests a bullish sentiments in the counter.

* Moreover, the stock has been trading with a strong support of its 20 days exponential moving average and it is forming a bullish candlestick with rise in volume activity which indicates an upside movement in the counter.

* On an hourl

21/09/2017 4:09:54 PM | Posted in Broking Firm Views - Short Term Report read full news
Sell Grasim Industries Ltd For Target Rs.1,155.00 - Choice Broking

* On a weekly chart, we can see a Shooting star candlestick formation after an upward movement which is a trend reversal pattern and may lead the stock to move in a southward direction.

* On a daily chart, the stock has given a breakout of its lower log of Rising wedge formation which is a bullish reversal pattern and indicates a downside move in the counter.

* On an hourly

21/09/2017 3:06:33 PM | Posted in Broking Firm Views - Short Term Report read full news
Sell Arvind Ltd For Target Rs.375.00 - Reliance Sec

* Arvind reversed after forming Triple Top pattern around Rs417 and later it slipped to 9-day closing low.

* Fall in the key technical indicators-Stochastic and RSI post their negative cross-over is signalling near-term weakness in the stock.

* MACD is also on the verge of negative cross-over and coinciding with our view.

* As per the current daily set-up, we belie

21/09/2017 3:01:35 PM | Posted in Broking Firm Views - Short Term Report read full news
Buy UltraTech Cement Ltd For Target Rs.4,750.00 - Reliance Sec

STOCK IN FOCUS

* UltraTech Cement (UCL) gained ~1% in yesterday’s insipid markets on the expectation of better performance ahead with the expected pickup in demand scenario.

* We continue to like UCL given its consistent endeavour to upgrade its operating efficiencies, leadership status (an unmatched 89mnT capacity in India), strong bra

21/09/2017 2:58:18 PM | Posted in Broking Firm Views - Short Term Report read full news
Derivatives Ideas Apollo Tyres Ltd For Target Rs.274.00 - Religare Secs

Derivative Ideas

APOLLO TYRE Sep fut, has seen fresh long buildup in yesterday’s trade. The scrip has added around 12% of fresh long positions, we expect the stock to rally till around 275 , we recommend buying in cash segment with a stoploss of 253 for the short term.

 

Strategy:<

21/09/2017 2:55:25 PM | Posted in Broking Firm Views - Short Term Report read full news
Buy NMDC Ltd For Target Rs.139.00 - Religare Sec

NMDC Limited

NMDC has retraced marginal from its recent top and testing the support area of multiple moving averages on different time frames. Technically, downside seems capped from the current levels. We advise accumulating fresh in the given range and wait for resumption of trend.

21/09/2017 2:52:32 PM | Posted in Broking Firm Views - Short Term Report read full news

Buy Manappuram Finance Ltd For Target Rs.115.00 - Religare Sec

Manappuram Finance Limited

After making a record high of late, MANAPPURAM is currently witnessing profit taking and retraced closer to its immediate support area. Traders shouldn’t miss this opportunity and start accumulating fresh long in the given range.

21/09/2017 2:48:56 PM | Posted in Broking Firm Views - Short Term Report read full news

Sell Asian paints Ltd For Target Rs.1,200.00 - Choice Broking

* On a daily line chart, we can see a Double Top formation which is a trend reversal pattern and may lead the stock to move in a southward direction.

* Moreover, the stock has faced a strong resistance of its 123.6% Fibonacci Extension level of the last swing (1033.70-1182-1080.50) which may cause a downfall in the counter.

* On an hourly chart, the stock has breached below

20/09/2017 5:10:43 PM | Posted in Broking Firm Views - Short Term Report read full news
Buy Jamna Auto Industries Ltd For Target Rs. 283.00 - Choice Broking

* On a daily chart, the stock has given a breakout of its consolidation range with rise in volume activity which suggests an upside move in the counter.

* Moreover, we can see a positive crossover of the 20*50 exponential moving averages which may lead the stock to move further in a northward direction.

* A daily momentum indicator RSI reading is at 60.58 level, trending upw

20/09/2017 4:05:35 PM | Posted in Broking Firm Views - Short Term Report read full news
Buy Orient Cement Ltd For Target Rs.188.00 - Choice Broking

* On a daily chart, the stock has been trading as per the Momentum Triple Pattern theory which suggests a bullish sentiments in the counter.

* Moreover, the stock has given a breakout of its consolidation phase with rise in volume activity which indicates a further upside movement in the counter.

* On a weekly chart, we can see an upward movement after a positive crossover o

20/09/2017 4:00:54 PM | Posted in Broking Firm Views - Short Term Report read full news
Derivatives Ideas CESC Ltd For Target Rs.19.75 - Religare Secs

Derivative Ideas

CESC added around 1.6% in open interest as fresh long positions with some delivery based buying in previous session. Current chart pattern too indicate fresh surge in price. We suggest buying CESC September call options as per levels mentioned below.

 

Strategy:

20/09/2017 9:49:58 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy DCB Bank Ltd For Target Rs.203.00 - Religare Sec

DCB Bank Limited

DCBBANK has posted a fresh breakout yesterday i.e. on 18th Sep. from its consolidation phase and looks upbeat to maintain that momentum. The broader chart structure too is pointing towards strong surge ahead. Traders can accumulate in the mentioned range.

20/09/2017 9:47:49 AM | Posted in Broking Firm Views - Short Term Report read full news

Buy Dabur India Ltd For Target Rs.324.00 - Religare Sec

Dabur India Limited

Dabur has formed a fresh buying pivot on daily chart after consolidating in a narrow range that lasted for a week. 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.

20/09/2017 9:45:36 AM | Posted in Broking Firm Views - Short Term Report read full news

Buy Capital First Ltd For Target Rs.920.00 - Choice Broking

* On daily chart stock has given a breakout from a year long consolidation at 796 – 800 level. The ongoing consolidation can be termed as an ‘inverted head & shoulder’ pattern which has bullish implications.

* After breakout the stock consolidated for 4-5 days in the breakout candle which is a healthy sign.

* On daily and weekly chart the stock has been

19/09/2017 5:05:23 PM | Posted in Broking Firm Views - Short Term Report read full news
Buy Kanoria Chemicals and Industries Ltd For Target Rs.94.00 - Choice Broking

* On a daily chart, the stock has started to trade above the 50 days exponential moving average with above average volume which shows a positive trend in the counter.

* Moreover, the stock has been trading above the upward trend line of its last low of 68.95 which indicates a further upward movement in the counter.

* A daily momentum indicator RSI reading is at 66.54 level,

19/09/2017 4:56:05 PM | Posted in Broking Firm Views - Short Term Report read full news
Buy Chambal Fertilisers and Chemicals Ltd For Target Rs.169.00 - Choice Broking

* On a daily chart, the stock has been trading in an uncharted territory with ample volume after giving a breakout of its consolidation phase which shows that the stock has shifted its momentum to a new zone and may continue further in coming trading sessions.

* Besides, the stock has moved out of its consolidation phase with the gradual increase in volume which may lead the stoc

19/09/2017 3:39:00 PM | Posted in Broking Firm Views - Short Term Report read full news