Buy The Federal Bank Ltd For Target Rs.96.00 - Religare Sec

The Federal Bank Limited (FEDERALBNK)

FEDERALBNK is holding strongly around its record high while sustaining above the short-term moving average on daily chart. Further, its chart pattern indicates possibility of fresh surge ahead. We suggest accumulating fresh in the mentioned range.

22/03/2017 9:28:56 AM | Posted in Broking Firm Views - Short Term Report read full news

Technical Recommendation 25th March 2017

SCRIP NAME AND SYMBOL - The Ramco Cements Limited ( RAMCOCEM)

TECHNICAL RATIONALE – RAMCOCEM, after a recent profit taking phase, has formed a fresh buying pivot around the support area of the short-term moving average i.e. 50 day EMA on daily chart and likely to resume its uptrend now.

 

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21/03/2017 4:19:31 PM | Posted in Broking Firm Views - Short Term Report read full news
Buy CESC Ltd For Target Rs.876-900.00 - Reliance Sec

*The stock is in strong up-trend as it reversed after taking support of Rs790, which is 23.6% Fibonacci Retracement level of prior upmove (i.e. 527-876).

* Key technical indicators are positively poised above their neutral line and about to give positive cross-over.

* As per the current daily set-up, we believe that stock will continue the northward rally and record fresh hi

21/03/2017 11:55:04 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 over 3% in yesterday’s trade on the expectation of better performance ahead.

* Though 4QFY17 result is expected to be subdued for southern based companies, RCL is expected to deliver better profitability in ensuing quarters with the visible reduction in debts and better o

21/03/2017 11:50:02 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy DIVI'S Laboratories Ltd For Target Rs.855.00 - Religare Sec

Derivative Ideas

DIVISLAB added around 4.5% of open interest as fresh long positions. Daily vwap is around 786.50 levels. On charts, it has witnessed upside breakout from two month long congestion zone with noticeable rise in volumes. We suggest buying DIVISLAB as per levels given below.

 

Strate

21/03/2017 9:53:56 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy Indiabulls Real Estate Ltd For Target Rs.90.00 - Religare Sec

Indiabulls Real Estate Limited ( IBREALEST)

IBREALEST has been trading firmly above its multiple moving averages i.e.(200/100/50 day EMA’s) on daily chart and formed a strong base around 80. The chart shows it’s all set for fresh surge .

 

21/03/2017 9:49:06 AM | Posted in Broking Firm Views - Short Term Report read full news

Buy Granules India Ltd For Target Rs.145.00 - Religare Sec

Granules India Limited (GRANULES)

GRANULES has registered a fresh buying pivot on the daily chart after consolidating in a narrow range above its multiple moving averages. We advise traders to accumulate fresh in the given range.

21/03/2017 9:47:07 AM | Posted in Broking Firm Views - Short Term Report read full news

Buy Container Corporation of India Ltd For Target Rs.1315.00 - Reliance Sec

*  The stock is making higher bottoms consistently on its daily charts moving above its short and medium term averages confirming the up move in the coming weeks.

*  The key technical indicators RSI has turned upwards we have seen huge delivery based buying the in the past few days with positive price action.

*  The stock has also poised for a sharp pattern br

20/03/2017 12:38:03 PM | Posted in Broking Firm Views - Short Term Report read full news
Buy Indian Bank Ltd For Target Rs.316.00 - Reliance Sec

STOCK IN FOCUS

*  Indian Bank closed 2.6% higher along with sharp surge in trading volume, outperforming benchmark NIFTY by 2.6%.

*  Despite tough operating scenario, the Bank has delivered an improved performance in 3QFY17/9MFY17 on key operating and asset quality parameters.

*  The Bank has delivered healthy growth

20/03/2017 12:28:31 PM | Posted in Broking Firm Views - Short Term Report read full news
Buy JK Tyre & Industries Ltd For Target Rs.144.00 - Religare Sec

JK Tyre & Industries Ltd

JKTYRE, after a recent breakout from its mid and short-term moving averages (100/50 EMA) on daily chart, has witnessed a marginal pause, offering fresh opportunity to re-enter. Hence, we suggest traders can accumulate as per the mentioned levels.

20/03/2017 12:07:43 PM | Posted in Broking Firm Views - Short Term Report read full news

Buy Ajanta Pharma Ltd For Target Rs.1880.00 - Religare Sec

Strategy:-

AJANTPHARM added around 4.5% of open interest as long positions along with some delivery based buying in previous sessions. On charts, stock has created a fresh buying pivot on daily as well as weekly charts. We recommend buying AJANTPHARM as per levels mentioned below.

 

BUY AJANTPHARM MAR FUTS BETWEEN 1775-1785, S

18/03/2017 10:55:57 AM | Posted in Broking Firm Views - Short Term Report read full news
Derivative Ideas For Nifty - Religare Sec

DERIVATIVES OUTLOOK

* Nifty Mar futures volume weighted average price (VWAP) is at 8990 and Banknifty futures is at 20870.

* Nifty futures closed at a premium of around 8 points and Banknifty futures at around 62 points.

* Nifty Call writing was seen at 9200 & 9300 strikes and put writing was seen at 9100 & 9000 strikes. Hig

18/03/2017 10:53:06 AM | Posted in Broking Firm Views - Short Term Report read full news
Accumulate Jain Irrigation Systems Ltd For Target Rs.120.00 - Religare Sec

Investment Rationale

* Jain Irrigation Systems Ltd. (JISL) is a market leader in domestic MIS segment with over ~50% market share. The company is among top 3 players in PVC & PE piping and the largest player in food processing in India. It is poised to benefit from higher spends on MIS and food processing by the government. PVC and PE pipe industr

18/03/2017 10:29:10 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy Lupin Ltd For Target Rs.1,520.00 - Reliance Sec

*The stock has made a strong bottom in the last few weeks at sub 1400 with strong volumes and positive price action in the last few days.

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

*The stock has closed near its short term averages confirming the uptrend and the recent swing high

17/03/2017 11:43:38 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy Britannia Industries Ltd For Taeget Rs.3,796.00 - Reliance Sec

STOCK IN FOCUS

* Britannia Industries closed 1% up in trade today at Rs3,220.

* Market leadership in biscuits, increased premiumization, strong pricing power, improving direct distribution network, and management bandwidth would drive growth for Britannia Industries (BIL), going forward.

* Britannia is expected to report 13% revenue

17/03/2017 11:38:14 AM | Posted in Broking Firm Views - Short Term Report read full news
Derivative Ideas Petronet LNG Ltd For Target Rs.415.00 - Religare Sec

Derivative Ideas

PETRONET added around 1.3% of open interest as long positions. On charts, it has created a buying pivot on multiple time frames. it is also trading above important short term as well as long term moving averages on charts in higher highs—higher lows formation. We recommend buying PETRONET Mar futs

17/03/2017 9:45:49 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy UPL Ltd For Target Rs.760.00 - Religare Sec

UPL Limited ( UPL)

UPL has retraced marginally from its record high and formed a fresh buying pivot on the daily chart. Existence of multiple support around current levels adding to the positivity. Hence, we advocate fresh buying as per the mentioned levels.

17/03/2017 9:42:12 AM | Posted in Broking Firm Views - Short Term Report read full news

Buy Canara Bank Ltd For Target Rs.360.00 - Reliance Sec

STOCK IN FOCUS

*Canara Bank closed 1.5% higher, outperforming benchmark NIFTY, which closed flat.

* Despite tough scenario, Canara Bank has delivered an improved performance on key asset quality parameters in last three quarters. Slippages dipped to Rs22.3bn in 3QFY17 vs. Rs24.5bn & Rs38.8bn in 2QFY17 & in 1QFY17, res

16/03/2017 11:47:15 AM | Posted in Broking Firm Views - Short Term Report read full news
Derivative Ideas Castrol India Ltd For Targte Rs.430.00 - Religare Sec

Derivative Ideas

CASTROLIND added around 3% of open interest as fresh long positions on the back of some delivery based buying in previous session. On charts, it has breached past ten days congestion zone on the higher side with noticeable rise in volumes. We recommend buying CASTROLIND Mar futs as per levels mentioned below.

16/03/2017 9:57:20 AM | Posted in Broking Firm Views - Short Term Report read full news