Derivative Ideas Arvind Ltd For Target Rs.7.80 - Religare

Derivative Ideas

ARVIND added around 4.6% of open interest as fresh short positions. Daily vwap is around 373 levels. Call writing was seen at 380 strike and put buying (unwinding by writers) was seen at 360 strike. We suggest buying 360 PE as per levels given below.

Strategy: BUY ARVIND 360 PE AT 2.80-3.20, S

16/02/2017 12:42:01 PM | Posted in Broking Firm Views - Short Term Report read full news
Sell  Shriram Transport Finance Company Limited For Target Rs.975.00 - Religare

Shriram Transport Finance Company Limited (SRTRANSFIN)

SRTRANSFIN was trading in narrow range, just below the confluence zone of its important medium and long-term averages (100/200 EMA) on daily chart. Yesterday, i.e. 15th February, profit taking was witnessed on back of strong volume, indicating weakness to continue.

16/02/2017 12:33:03 PM | Posted in Broking Firm Views - Short Term Report read full news

Buy Marico Limited  For Target Rs.285.00 - Religare

Marico Limited (MARICO)

After spending more than a month around its support zone i.e. 257 level, MARICO has registered a breakout on 7th February, supported by volume. Currently, signs of profit taking are visible, as its over all trend is positive; hence, we suggest traders to buy on dips.

16/02/2017 12:18:56 PM | Posted in Broking Firm Views - Short Term Report read full news

Sell Power Grid Corporation of India Ltd For Target Rs.189.00 - Reliance Sec

Technical Research

* The stock is making lower tops on daily and weekly charts, after forming a high at 209 levels and it is facing continuous pressure in the past few days.

* The key technical indicators and RSI has also reversed turning downwards and the stock is in poised for a breakdown from current levels.

* The stock has close

15/02/2017 11:24:39 AM | Posted in Broking Firm Views - Short Term Report read full news
Derivative Ideas Punjab National Bank Ltd For Target Rs.5.00 - Religare Sec

PNB added around 4.3% of open interest as fresh long positions along with some delivery based buying in previous session. It is trading above short term as well as long term moving averages on daily charts. We suggest buying PNB Feb 145 CE as per levels given below.

 

Strategy:

BUY PNB FEB 145 CE BETWEEN 2-2.25, SL 1, TARGET 5

15/02/2017 11:11:23 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy Persistent Systems Ltd For Target Rs.745.00 - Reliance Sec

STOCK IN FOCUS

* Persistent Systems (Persistent) has reported healthy growth in revenue in 3QFY17, with IP revenue (+6.9% qoq) and revenue from top client IBM (+8.7%) clocking excellent growth following a decline in 2QFY17

* We continue to believe Persistent is on the right track in so far as direction of its business is concerned. It is well

15/02/2017 11:09:27 AM | Posted in Broking Firm Views - Short Term Report read full news
Sell Bharti Infratel Ltd For Target Rs.295.00 - Religare Sec

Bharti Infratel Limited

We reiterate sell call of INFRATEL as it was not initiated in previous trading session.

 

Recommendation

Sell  Bharti Infratel Limited  February Future  @ 322-325 Stoploss 335 Target 295 CMP 319.20

15/02/2017 11:05:39 AM | Posted in Broking Firm Views - Short Term Report read full news

Technical Recommendation 14th February 2017

Marico Limited

TECHNICAL RATIONALE – MARICO, after the consolidation breakout, is currently hovering in a narrow range and formed a fresh buying pivot on the daily chart. Traders shouldn’t miss this opportunity and accumulate fresh in the given range.

 

Recommendation

Buy M

14/02/2017 12:32:24 PM | Posted in Broking Firm Views - Short Term Report read full news
Buy NIIT Technologies Ltd For Target Rs.468.00 - Reliance Sec

Technical Research

* The stock is being consolidating in a range of 400-450 levels from last 24 weeks being ready for a breakout in the coming few weeks with the overall sector in momentum.

* Stochastic & RSI are also coinciding with our view, as both the indicators are in bullish mode.

* However in case of major decline multi m

14/02/2017 10:57:30 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy Mangalam Cement Ltd For Target Rs.370.00 - Reliance Sec

STOCK IN FOCUS

* Mangalam Cement (MCL) surged ~4% in yesterday’s market on strong earnings delivered in its 3QFY17 result. f Its EBITDA saw a stupendous jump of 119% YoY to Rs205mn mainly supported by robust sales volume growth.

* MCL’s initiatives in the form of multi fuel usability, new railway siding and thrust on increasing PP

14/02/2017 10:54:06 AM | Posted in Broking Firm Views - Short Term Report read full news
Derivative Indiabulls Housing Finance Ltd For Target Rs.865.00 - Religare Sec

IBULHSGFIN—Call buying (unwinding by writers) was seen at 840 strike and put writing was seen at 800 strike. On charts, it has formed a buying pivot on daily as well as on intraday charts. We suggest buying IBULHSGFIN Feb futures as per levels given below.

 

Strategy:

BUY IBULHSGFIN FEB FUTS BETWEEN 826 -828, SL 813, TARG

14/02/2017 10:39:41 AM | Posted in Broking Firm Views - Short Term Report read full news
Sell Bharti Infratel Ltd For Target Rs.300.00 - Religare Sec

Bharti Infratel Limited

INFRATEL is in down trend, trading below it important long and medium-term averages (200/100 EMA’s) from quite a while. It has retraced 50% as per Fibonacci levels of the fall 362-283 levels. This bounce is a good opportunity to create fresh short positions.

 

Recommendation

14/02/2017 10:37:43 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy Ashok Leyland Ltd For Target Rs.100.00 - Religare Sec

Ashok Leyland Limited

ASHOKLEY rallied nearly 20% last month and at current juncture is witnessing profit taking post such a stellar performance. Considering its overall chart pattern, we feel this decline can be used as fresh buying opportunity as it is in strong up trend.

 

Recommendation

14/02/2017 10:34:26 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy Rural Electrification Corporation Ltd For Target Rs.155.00 - Reliance Sec

Technical Research

* The stock reversed taking support of its short-term moving average 20-day EMA.

* Turn around in RSI from its neutral line (placed around 50-mark) is indicating strength in the stock.

* As mentioned earlier, we believe the stock will continue its up-move and soon record fresh 52-week high.

* On the lowe

13/02/2017 10:56:43 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy Just Dial Ltd For Target Rs.465.00 - Religare Sec

Just Dial Limited

We reiterate our buy call on of JUSTDIAL as it was not initiated in the previous trading session.

 

Recommendation

Buy Just Dial Limited @ 420-422 Stoploss 400 Target 465 CMP 429.65

13/02/2017 10:52:19 AM | Posted in Broking Firm Views - Short Term Report read full news

Buy Ramco Cements Ltd For Target Rs.750.00 - Reliance Sec

STOCK IN FOCUS

* Ramco Cements (RCL) gained 1.3% on Friday’s flat market on the expectation of better performance ahead with the possible improvement in sales volume in 2017.

* After seeing a stellar performance in 3QFY17, RCL is expected to deliver better profitability ahed with the visible reduction in debts and operating synergies.

13/02/2017 10:49:27 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy Kaveri Seed Company Ltd For Target Rs.520.00 - Religare Sec

Kaveri Seed Company Limited

KSCL has registered fresh breakout from “Triangle Pattern” on daily chart, supported by decent volume, indicating buyers interest at the current levels. Hence, we advise traders to go for long positions in the mentioned range.

 

Recommendation

Bu

13/02/2017 10:46:14 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy Kotak Mahindra Bank Ltd For Target Rs.20.00 - Religare Sec

Strategy:

KOTAKBANK added around 2% of open interest as long positions. Call buying (unwinding by writers) was seen at 780 & 800 strikes. On charts, it is trading above 50/100/200 EMAs and also holding above important price support of 760 on daily charts. We recommend doing a bull spread in Kotak bank as per levels given below.

 

11/02/2017 10:48:21 AM | Posted in Broking Firm Views - Short Term Report read full news
Derivative Ideas For Nifty - Religare Sec

DERIVATIVES OUTLOOK

* Nifty Feb futures volume weighted average price (VWAP) is at 8650 and Banknifty futures is at 19900.

* Put writing was seen at 8700 strikes and call writing was seen at 8900 & 9000 strikes.

* Highest positions are still at 8500 PE and 9000 CE.

* Nifty is expected to be in the range of 8600-8950.

11/02/2017 10:36:23 AM | Posted in Broking Firm Views - Short Term Report read full news
Accumulate JBM Auto Ltd For Target Rs.500.00 - Religare Sec

Investment Rationale

* JBM Auto Ltd., set up in 1990, is engaged in the manufacturing of tools, dies and moulds. The Company operates in three segments: Sheet Metal Division , Tool Room Division and Special Purpose Vehicle (SPV) division .

* The sheet metal component division constitutes ~95% of the overall sales revenue. This segment predom

11/02/2017 10:03:50 AM | Posted in Broking Firm Views - Short Term Report read full news
Derivative Ideas LIC Housing Finance Ltd For Target Rs.590.00 - Religare Sec

LICHSGFIN added around 1% of open interest as fresh long positions along with some delivery based buying in previous sessions. On charts it is holding strong above its long term as well as short term moving averages on daily charts. We suggest doing a covered call as per levels given below.

 

Strategy:

BUY LICHSGFIN FEB FUTS B

10/02/2017 11:20:08 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy Rural Electrification Corporation Ltd For Target Rs.155.00 - Reliance Sec

Technical Research

* The stock reversed taking support of its short-term moving average 20-day EMA and rose to four day closing high.

* Turn around in RSI from its neutral line (placed around 50-mark) is indicating strength in the stock.

* As per the current daily set-up, we believe the stock will continue its up-move and soon recor

10/02/2017 11:18:03 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy Just Dial Ltd For Target Rs.465.00 - Religare Sec

Just Dial Limited

JUSTDIAL was trading with bearish bias from quite a long time but on Thursday, i.e. 9th February, it posted breakout from “Inverted Head and Shoulder” formation on daily chart and also surpassed 100 EMA resistance barrier, indicating bullish bias ahead.

 

Recommendation

10/02/2017 11:12:33 AM | Posted in Broking Firm Views - Short Term Report read full news