Buy Wipro Ltd For Target Rs.330.00 - Reliance Sec

* Wipro has retraced 50% of prior up-move (Rs279-304) and later reversed after taking support of its short-term moving average 20- day EMA.

* Due to recent reversal in prices, the key technical indicators-Stochastic and RSI has given positive cross-over from their oversold zone and neutral line respectively.

* As per the current daily set-up, we believe that stock will conti

7/11/2017 5:38:28 PM | Posted in Broking Firm Views - Short Term Report read full news
Buy Ceat Ltd For Target Rs.2,030 - Reliance Sec

STOCK IN FOCUS

* CEAT Ltd (CEAT) surged ~6% in yesterday’s trade on the expectation of better performance in its 2QFY18 earnings.

* Notably, CEAT’s margin was impacted in last quarter on account of GST roll-out and significant surge in input cost. However, we expect improvement in volume and margin front from 2QFY18 onwards with t

7/11/2017 5:38:10 PM | Posted in Broking Firm Views - Short Term Report read full news
Buy Motherson Sumi Systems Ltd For Target Rs.17.00 - Religare Sec

Derivative Ideas

MOTHERSUMI shed around 0.60% in open interest as short covering was seen in it with some delivery based buying in previous session. Current chart pat-tern too indicate fresh surge in price. We suggest buying MOTHERSUMI November Options as per lev-els mentioned below.

Strategy: Buy MOTHERSUMI N

7/11/2017 12:41:43 PM | Posted in Broking Firm Views - Short Term Report read full news
Buy LIC Housing Finance Ltd For Target Rs.650.00 - Religare Sec

LIC Housing Finance Limited

LICHSGFIN has witnessed decent correction in last five months and retraced to 590 of late. Considering its chart pattern and strong support zone around 580, we expect marginal consolidation followed by strong rebound. Traders are therefore advise to use this phase to accumulate fresh longs in the given range.

 

7/11/2017 12:39:25 PM | Posted in Broking Firm Views - Short Term Report read full news
Buy Mindtree Ltd For Target Rs.517.00 - Reliance Sec

* The stock has made a double bottom on it weekly charts and consolidated in the past few days with positive price action.

* Positive cross-over in RSI and short term averages are signaling a turnaround in the stock.

* In case of any negative surprise, double bottom near 460 levels will act as reversal for the stock.

* Thus, long position can be initiated around Rs

6/11/2017 2:59:06 PM | Posted in Broking Firm Views - Short Term Report read full news
Buy HDFC Bank Ltd For Target Rs.2,065.00 - Reliance Sec

STOCK IN FOCUS

* HDFC Bank has delivered a healthy performance on business growth and operating front in 2QFY18 as well, led by strong growth in loan book, best-in-class NIMs of 4.3%, and higher core fee and forex income.

* Despite a mere 6.9% YoY growth in banking industry loan, its loan book grew by 22.3% YoY and 4.1% QoQ, led by higher gro

6/11/2017 2:51:48 PM | Posted in Broking Firm Views - Short Term Report read full news
Buy Engineers India Ltd For Target Rs.14.00 - Religare Sec

Derivative Ideas

ENGINERSIN added around 14% in open interest as long buildup was seen in it with some delivery based buying in previous session. Current chart pattern too indicate fresh surge in price. We suggest buying ENGINERSIN November Options as per levels mentioned below.

Strategy: Buy ENGINERSIN NOV 19

6/11/2017 2:44:46 PM | Posted in Broking Firm Views - Short Term Report read full news
Buy PC Jewellers Ltd For Target Rs.374.00 - Religare Sec

PC Jeweller Limited

PCJEWELER has witnessed marginal profit taking of late , after re-testing its record high on daily chart. It is currently trading around the support zone of short-term moving average and likely to rebound swiftly. Considering its chart pattern and overall trend, we advise using this pause to initiate fresh longs.

 

6/11/2017 2:41:47 PM | Posted in Broking Firm Views - Short Term Report read full news
Buy Granules India Ltd For Target Rs.150.00 - Religare Sec

Granules India Limited

After prolonged consolidation phase which lasted for almost four months, GRANULES is now trading on the verge of breakout from the same on daily chart and likely to witness a strong surge in near future. Traders can accumulate fresh in the given range.

 

 

6/11/2017 2:34:22 PM | Posted in Broking Firm Views - Short Term Report read full news

Deritvatives Idea For Nifty By Religare Securities Ltd

DERIVATIVES OUTLOOK

* Nifty futures volume weighted average price (VWAP) is at 10350 and BankNifty futures is at 25100.

* Call writing was seen at Nifty 10600 strike and Put writing was seen at Nifty 10300 strikes.

* Maximum positions are at 10500 CE and 10000 PE. Nifty is expected to be in the range of 10200-10600.

* Real

4/11/2017 5:27:52 PM | Posted in Broking Firm Views - Short Term Report read full news
Buy Tata Motors Ltd For Target Rs.515 - Choice Broking

• Tata Motors was established in 1945 as Tata Engineering and Locomotive Co. Ltd. to manufacture locomotives and other engineering products. It is India's largest automobile company, with standalone revenues of Rs. 25,660.79 crores (USD 5.5 billion) in 2008-09. It is the leader in commercial vehicles in each segment, and among the top three in passenger vehicles with winning products i

4/11/2017 5:26:18 PM | Posted in Broking Firm Views - Short Term Report read full news
Buy Engineers India Ltd For Target Rs. 14.00 - Religare Sec

Strategy - ENGINERSIN added around 14% in open interest as long buildup was seen in it with some delivery based buying in previous session. Current chart pattern too indicate fresh surge in price. We suggest buying ENGINERSIN November Options as per levels mentioned below.

Strategy - Buy ENGINERSIN NOV 190CE between 6.5

4/11/2017 5:17:01 PM | Posted in Broking Firm Views - Short Term Report read full news
Buy Exide Industries Ltd For Target  Rs. 245.00 - Religare Sec

Investment Rationale

* Exide India Ltd (EIL) is the largest lead acid battery manufacturer in India with leadership in Auto OEM and replacement segment, in a largely duopolistic market.

* EIL’s Net Revenue and PAT have grown at a steady pace by 16% & 12.5% CAGR respectively over FY12-17. While the revenue growth was decent in H1FY18

4/11/2017 5:00:37 PM | Posted in Broking Firm Views - Short Term Report read full news
Buy Reliance Capital Ltd For Target Rs.184.15 - Choice Broking

* On a daily chart, the stock has started to trade above the 50 days exponential moving average which acted as a resistance in the past for many days. Moreover, the stock has given a breakout of the upper band it's Falling Wedge formation which is a bullish reversal formation and indicates an upside movement.

* On a weekly chart, recently the stock had tested multiple support l

3/11/2017 5:58:42 PM | Posted in Broking Firm Views - Short Term Report read full news
Buy HCL Technologies Ltd For Target Rs.899.00 - Reliance Sec

* The stock has consolidated in the past few days with positive price action after a sharp sell off from the high of 944 levels.

* Positive cross-over in RSI and short term averages are signaling a turnaround in the stock.

* In case of any negative surprise, monthly averages will continue to work as key support for the stock.

* Thus, long position can be initiated

3/11/2017 4:06:25 PM | Posted in Broking Firm Views - Short Term Report read full news
Buy Ajanta Pharma Ltd For Target Rs.1,500.00 - Reliance Sec

STOCK IN FOCUS

* Ajanta Pharma (AJP) surged 3.5% in yesterday’s trade on account of increased visibility in domestic formulation business ahead with the likely improvement in US sales.

* Steady growth momentum to continue in domestic biz driven by improved sales force productivity and new product launches (15-20 products/year). We envis

3/11/2017 4:00:15 PM | Posted in Broking Firm Views - Short Term Report read full news
Buy Cipla Ltd For Target Rs.33.00 - Religare Sec

Derivative Ideas

CIPLA added around 7.51% in open interest as long buildup was seen in it with some delivery based buying in previous session. Current chart pattern too indicate fresh surge in price. We suggest buying CIPLA November Options as per levels mentioned below.

Strategy: Buy CIPLA NOV 640CE between 2

3/11/2017 11:42:10 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy Divis Laboratories Ltd For Target Rs.1005.00 - Reliance Sec

* Divi’s Laboratories is in the strong up-trend, as the stock reversed after taking support of its 38.2% Fibonacci Retracement of prior rally (Rs605-1004) and managed to recover prior damages.

* Reversal in RSI from its neutral line and positive cross-over in MACD is also signalling strength in the stock.

* As per the current daily set-up, we believe that stock will ke

2/11/2017 4:49:07 PM | Posted in Broking Firm Views - Short Term Report read full news
Buy Mangalam Cement Ltd For Target Rs.440.00 - Reliance Sec

STOCK IN FOCUS

* Mangalam Cement (MCL) surged ~4% in yesterday’s trade on the expectation of better performance ahead with the likely improvement in sales volume in coming quarters mainly to be aided by Aligarh Grinding Unit.

* A long term contract with NTPC for flyash procurement enabled Aligarh unit to ramp up production. Further, lik

2/11/2017 4:40:06 PM | Posted in Broking Firm Views - Short Term Report read full news
Buy Indiabulls Real Estate Ltd For Target Rs.20.00 - Religare Sec

Derivative Ideas

IBREALEST added around 21.58% in open interest as long buildup was seen in it with some delivery based buying in previous session. Current chart pat-tern too indicate fresh surge in price. We suggest buying IBREALEST November Options as per levels mentioned below.

Strategy: Buy IBREALEST NOV 2

2/11/2017 11:51:49 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy Muthoot Finance Ltd For Target Rs.530.00 - Religare Sec

Muthoot Finance Limited

MUTHOOTFIN has been hovering near its record high for last two months or so and has formed a fresh buying pivot on daily chart. 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.

 

2/11/2017 11:35:37 AM | Posted in Broking Firm Views - Short Term Report read full news

Buy The India Cements Ltd For Target Rs.202.00 - Religare Sec

The India Cements Limited

Post breakout from its declining trend line, INDIACEM has witnessed a marginal profit taking of late, offering fresh buying opportunity. Traders shouldn’t miss this chance and use dips to add fresh long in the given range.

 

2/11/2017 11:30:55 AM | Posted in Broking Firm Views - Short Term Report read full news

Buy Hindustan Oil Exploration Company Ltd For Target Rs.107.00 - Choice Broking

* The stock has been trading as per the Momentum Triple Pattern theory in daily, weekly chart which shows the bullish sentiments in the counter.

* On a daily chart, the stock is on verge to give a breakout of the neckline of its Cup & Handle formation which may help for an upside movement in the counter.

*  On a monthly chart, we can see a double crossover of the 20

1/11/2017 5:54:48 PM | Posted in Broking Firm Views - Short Term Report read full news