Buy Apollo Tyres Ltd For Target Rs.250.00 - Religare Sec

Apollo Tyres Limited

APOLLOTYRE has retraced marginal from its 52-week high due to profit booking and reached closer to its support zone around 226 levels, offering a fresh buying opportunity. Existence of multiple moving averages combined with chart formation are also pointing towards strong rebound.

12/05/2017 2:06:29 PM | Posted in Broking Firm Views - Short Term Report read full news

Derivative Ideas BEML Ltd For Target Rs.1,420.00 - Religare Sec

Derivative Ideas

BEML added around 3.5% of open interest as fresh long positions along with some delivery based buying in previous sessions. On charts, it has created a fresh buying pivot from the price support zone of 1335-1340 levels. It is also trading above 50/100/200 EMAs on daily charts. We suggest buying BEML May futures as per

11/05/2017 1:42:06 PM | Posted in Broking Firm Views - Short Term Report read full news
Buy Axis Bank Ltd For Target Rs.555.00 - Religare Sec

Axis Bank Limited

AXISBANK, after spending nearly three months in 480-530 range, looks all set of fresh breakout . The chart pattern and confirmation indicators are also in line. We advocate buying in the mentioned range.

11/05/2017 1:37:32 PM | Posted in Broking Firm Views - Short Term Report read full news

Buy Amara Raja Batteries Ltd For Target Rs.950.00 - Religare Sec

Amara Raja Batteries Limited

After a prolonged consolidation phase, AMARAJABAT is now trading on the verge of breakout from the resistance zone of multiple moving averages on daily chart and likely to witness strong surge ahead. Traders can accumulate fresh in the given range.

11/05/2017 1:33:03 PM | Posted in Broking Firm Views - Short Term Report read full news

Buy Amara Raja Batteries Ltd For Target Rs.950.00 - Reliance Se

* The stock reversed after taking support of its key moving averages and rose to one month high with a decent volume.

* Key technical indicators-Stochastic, RSI and MACD are positively poised above their neutral line and signaling strength in the stock.

* On the higher side, the stock will face minor hurdle around its long-term moving average 200-DSMA, but major hurdle is pl

11/05/2017 12:28:24 PM | Posted in Broking Firm Views - Short Term Report read full news
Buy Ramco Cements Ltd For Target Rs.785.00 - Reliance Se

STOCK IN FOCUS

* Ramco Cements (RCL) gained ~2% in yesterday’s trade on the expectation of better performance ahead owing to healthy recovery in realizations in Southern and Eastern markets.

* Though 4QFY17 result is expected to be subdued for southern based companies, RCL is expected to deliver better profitability in ensuing quarters

11/05/2017 12:23:53 PM | Posted in Broking Firm Views - Short Term Report read full news
Buy Britannia Industries Ltd For Target Rs.3,796.00 - Reliance Se

STOCK IN FOCUS

* Britannia Industries (BIL) outperformed benchmark Nifty in yesterday’s flat trade as stock closed 1.4% higher at Rs3,593.

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

10/05/2017 2:00:21 PM | Posted in Broking Firm Views - Short Term Report read full news
Buy Manappuram Finance Ltd For Target Rs.104.00 - Religare Sec

Manappuram Finance Limited

MANAPPURAM, after retracing marginal from the top has formed a fresh buying pivot on the daily chart and witnessed a swift rebound today i.e. 09th May, supported with noticeable rise in volume. We advocate fresh buying in the given range.

10/05/2017 1:48:58 PM | Posted in Broking Firm Views - Short Term Report read full news

Buy Tata Consultancy Services Ltd For Target Rs.2,470.00 - Reliance Se

* The stock is making higher bottoms on daily charts with positive price action and the sector is in positive momentum confirming an uptrend.

* The key technical indicators also reversed from their lower levels and the stock has closed above its short term averages.

* The stock has strong support on its monthly charts holding the long term averages and the positive divergenc

9/05/2017 1:52:29 PM | Posted in Broking Firm Views - Short Term Report read full news
Buy India Cements Ltd For Target Rs.230.00 - Reliance Se

STOCK IN FOCUS

* India Cements (ICL) gained over ~1% in yesterday’s trade on the expectation of healthy earnings in ensuing quarters owing to substantial realizations uptick seen in Southern and Western regions.

* ICL drives over 80% of its total sales from Southern and Western markets, where realizations zoomed by ~9-12% in Apr’1

9/05/2017 1:47:16 PM | Posted in Broking Firm Views - Short Term Report read full news
Derivative Ideas PC Jeweller Ltd For Target Rs.475.00 - Religare Sec

Derivative Ideas

We reiterate our buy call on PCJEWELLER as it was not initiated on Tuesday i.e. May 9,2017. On Tuesday, it further added around 4.3% of open interest as long positions along with some delivery based buying in previous session. We suggest buying PCJEWELLER May futures as per levels given below.

 

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9/05/2017 1:40:55 PM | Posted in Broking Firm Views - Short Term Report read full news
Buy Torrent Power Ltd For Target Rs.242.00 - Religare Sec

Torrent Power Limited

After a strong up move, TORNTPOWER has witnessed a decent correction from the top and retraced closer to his immediate support zone around 216 levels. It has formed a fresh buying pivot around the same and likely to witness swift rebound from hereon.

9/05/2017 1:32:26 PM | Posted in Broking Firm Views - Short Term Report read full news

Buy Petronet LNG Ltd For Target Rs.390.00 - Reliance Se

* The stock is making lower tops with sustained price correction in the past 3 weeks confirming the down trend in the next few days.

* The key technical indicator-RSI has also turned downwards, which is signaling that the stock is poised for a breakdown.

* The stock has closed below its short term daily averages confirming the downtrend and the recent swing high will continu

8/05/2017 2:12:42 PM | Posted in Broking Firm Views - Short Term Report read full news
Buy Persistent Systems Ltd For Target Rs.690.00 - Reliance Se

STOCK IN FOCUS

* Persistent Systems’ stock declined 0.8% in Friday’s trade, while the BSE Sensex declined 0.9%.

* Persistent reported a 0.9% QoQ USD revenue decline in 4QFY17; however, EBITDA margin rose 199bps QoQ aided by operational efficiency.

* Persistent expects the Enterprise business to aid growth in FY18E, while

8/05/2017 2:05:50 PM | Posted in Broking Firm Views - Short Term Report read full news
Buy Reliance Power Ltd For Target Rs.42.00 - Religare Sec

Reliance Power Limited

After a prolonged consolidation, RPOWER has registered a fresh breakdown from its all the major moving averages (i.e. 200/100/50 EMA’s) on daily chart and formed a fresh shorting pivot as well. Use any technical bounce to create short positions in the given range.

8/05/2017 1:53:47 PM | Posted in Broking Firm Views - Short Term Report read full news

Derivative Ideas For Nifty - Religare Sec

DERIVATIVES OUTLOOK

*  Nifty May futures volume weighted average price (VWAP) is at 9310 and Banknifty futures is at 22250.

*  Nifty and Banknifty futures closed with premium of around 30 & 42 points respectively.

*  Nifty call writing was seen at 9400 & 9300 strikes and put buying (unwinding by writers) was s

6/05/2017 4:24:52 PM | Posted in Broking Firm Views - Short Term Report read full news
Buy NCC Ltd For Target Rs.115.00 - Religare Sec

Investment Rationale

*  NCC is one of the leading construction companies in India with strong presence across various verticals of infrastructure space like building & housing, transportation, electrical, water & environment, irrigation, railways, international, power, etc.

*  The government has allocated ~USD375bn in infra

6/05/2017 4:09:11 PM | Posted in Broking Firm Views - Short Term Report read full news
Buy Hindustan Unilever Ltd For Target Rs.1,020.00 - Religare Sec

Hindustan Unilever Limited

* Hindustan Unilever Limited (HUL) is an Indian consumer goods company based in Mumbai, Maharashtra. It is owned by Anglo-Dutch company Unilever which owns a 67% controlling share in HUL as of March 2015 and is the holding company of HUL. HUL's products include foods, beverages, cleaning agents, personal care products and

6/05/2017 12:08:44 PM | Posted in Broking Firm Views - Short Term Report read full news
Buy DLF Ltd For Target Rs.215.00 - Religare Sec

DLF Limited

* After prolong corrective phase, DLF witnessed breakout from a reversal pattern in the passing month and surged almost vertically from 130 to 190+ levels.

* It is now hovering in a narrow range which indicates a pause prior to further up move.

* Traders should use this phase to accumulate fresh in the given range.

6/05/2017 12:04:11 PM | Posted in Broking Firm Views - Short Term Report read full news
Buy ITC Ltd For Target Rs.301.00 - Reliance Se

STOCK IN FOCUS

* ITC Closed 1.3% up in trade today at Rs281compared to 0.5% increase in benchmark Nifty.

* We expect ITC to benefit from increased clarity in GST regime as tax outgo is not expected to change substantially from the current levels.

* Increase salience of DSFT cigarettes and strong pricing power would aid growth in vol

5/05/2017 12:24:14 PM | Posted in Broking Firm Views - Short Term Report read full news
Derivative Ideas Banknifty For Target Rs.80.00 - Religare Sec

Derivative Ideas

BANKNIFTY Futures have seen fresh long build up in yesterday’s trade. Huge call buying also witnessed at 23000 strike. We expect bank nifty to rally all the way till around 23100 in the short term.

 

Strategy:

BUY Banknifty 11 may

5/05/2017 12:18:59 PM | Posted in Broking Firm Views - Short Term Report read full news