After a strong surge, SIEMENS has been witnessing profit taking and retraced closer to the support zone around 1300. It has rebounded swiftly of late indicating buying interest around that area and the broader chart formation is also favourable. Traders shouldn’t miss this opportunity and create fresh long in the given range.
BANKNIFTY has been adding a mix of fresh longs and shorts on alternate days off lately. Banknifty is likely to be in range of around 23200-23800 for next 4-5 sessions. The 13th July expiry too has highest open interest at 23200 PE and 24000 CE. Considering all above mentioned factors, we recommend doing a short straddle in Banknifty as per
* HeidelbergCement India Ltd is a subsidiary of HeidelbergCement Group, Germany. The Company has its operations in central India at Damoh (MP), Jhansi (UP) and in southern India at Ammasandra (Karnataka). With a total installed capacity of 5.4mn tonnes p.a., Heidelberg is one of the largest cement players in central India.
PEL added around 4% of open interest as fresh long positions. On charts, it has created a fresh buying pivot on daily charts, and it is also trading with higher highs—higher lows formation on daily charts. Considering the current chart pattern and derivatives data, we recommend buying PEL July futures as per give
HINDPETRO has been trading under pressure of late, in line with other OMCs. Currently it has formed a fresh shorting pivot on daily chart. Further, existence of multiple hurdle of moving averages also added to negativity. We suggest using any bounce to initiate fresh short in the given range.
7/07/2017 11:24:22 AM|Posted in Broking Firm Views - Short Term Reportread full news
Among the Metal counters, JINDALSTEEL has been trading in a broader range for almost three months and now trading on the verge of breakout from the same. Traders can utilise this pause and initiate long positions in the mentioned range
7/07/2017 11:08:52 AM|Posted in Broking Firm Views - Short Term Reportread full news
HAVELLS added around 2.6% of open interest as fresh long positions. It has also created a fresh buying pivot on daily charts near important price support of medium term moving averages. Considering the above mentioned developments, we recommend buying HAVELLS July futures as per levels given below.
* We consider NTPC as one of the best placed companies in terms of fuel security, as most of its capacity off-take will continue to be through long-term Power Purchase Agreements (PPAs). We expect NTPC’s business to improve further backed by higher capacity commercialisation, better fuel availability and likely improvement in deman
* HeidelbergCement India (HCIL) gained over 4% in yesterday’s volatile market on the expectation of healthy 1QFY18 numbers mainly to be aided by healthy realizations in Central markets. Our channel check suggests that Central region is likely to see a realizations improvement of 1.5% YoY and 4.5% QoQ in 1QFY18.
JSWENERGY added around 4.5% of open interest as long positions. On charts, it has registered breakout from one and a half month long congestion zone on daily charts. It has also crossed over 200 EMA on daily charts with noticeable rise in volumes. Considering the recent developments on charts and on derivatives front,
TATACOMM has been trading in a broader range from last one month, facing resistance around 770 level. On 4th July, it has witnessed a sharp plunge indicating negative bias. Hence, we advise traders to initiate fresh short in the mentioned range
5/07/2017 11:04:21 AM|Posted in Broking Firm Views - Short Term Reportread full news
After a strong rally from 1300 to 1830 levels, LT has retraced marginal from its record high and found support around its medium term moving averages on daily chart. Considering its prevailing trend, we feel it’s an healthy pause where traders can accumulate fresh long in the given range
5/07/2017 10:56:54 AM|Posted in Broking Firm Views - Short Term Reportread full news
TECHNICAL RATIONALE – RBLBANK, after retracing from its record high, has consolidated around the support area of 100 EMA on the daily chart and formed a fresh buying pivot. The chart pattern combined with indications from the oscillators are pointing towards strong surge ahead. Thus we sug
NIFTY added around 4.5% of open interest as fresh long positions. Put writing was seen at 9600 & 9500 strikes. Some call buying was seen at 9650 strikes. Hence, we suggest doing a bull call spread in Nifty as per levels given below.
SRTRANSFIN has been trading in a range for last two months and it has witnessed a sharp surge with noticeable huge rise in volume on 03rd July, indicating breakout. We recommend accumulating in the given range.
4/07/2017 11:55:40 AM|Posted in Broking Firm Views - Short Term Reportread full news
CENTURYTEX is now trading on the verge of breakout from its month long consolidation phase on daily chart. The support of multiple moving averages combined with chart formation clearly indicating a possibility of strong surge in near future.
4/07/2017 11:52:42 AM|Posted in Broking Firm Views - Short Term Reportread full news