Buy Tata Elxsi Ltd For Target Rs.1620.00 - Religare Sec

Tata Elxsi Limited

TATAELXSI traded with bearish bias last year and fell from 2332 till 1022 levels, which is a trend line support area (refer chart). Later, buying was witnessed which took the stock close to 1500 mark. At current juncture, it seems stock is set for fresh up move towards 1600-1650 levels.

 

Recom

9/02/2017 10:54:28 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy Indiabulls Real Estate Ltd For Target Rs.86.00 - Religare Sec

Indiabulls Real Estate Limited

IBREALEST was consolidating just above its long and medium term moving averages (200/100 EMA’s) on daily chart, indicating strength. Going ahead, these averages, placed around 78 levels will act as immediate support and limit down side move. Hence, we advocate buying in the mentioned range.

 

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9/02/2017 10:49:01 AM | Posted in Broking Firm Views - Short Term Report read full news
Derivative Ideas Bank Nifty For Target Rs.100.00 - Religare Sec

BANK Nifty has seeing a mix of long and short positions since last 3 days,majorly longs.The support for Bank nifty is seen at 19900 and 20700 respectively. We expect a surge in option premium post the event.

 

Strategy:

BUY 9 feb 20000 pe@30-32 and buy 20700ce@30-32,net prem at 60-65,stoploss at 42,target 100.

 

8/02/2017 10:48:11 AM | Posted in Broking Firm Views - Short Term Report read full news
Sell Hindalco Industries Ltd For Target Rs.175-170 - Reliance Sec

Technical Research

* The stock reversed facing resistance of its upper band of the rising channel and slipped to two week closing low thereafter.

* Though, previously its short-term moving average worked as key reversal point, negative cross-over in RSI & MACD is signaling that stock will slip below that average.

* On the lower

8/02/2017 10:46:33 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy Pidilite Industries Ltd For Target Rs.730.00 - Religare Sec

Pidilite Industries Limited

PIDILITIND after registering a breakout from “Inverted Head and Shoulder” pattern on 24th Jan, has taken a pause, this is a healthy sign and an opportunity for fresh entry. Hence, traders should use this phase to accumulate in the given range.

 

Recommendation

8/02/2017 10:42:16 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy Kalpataru Power Transmission Ltd For Target Rs.340.00 - Reliance Sec

STOCK IN FOCUS

* Kalpataru Power Transmission Ltd (KPTL) closed positive (+1.3%) in trade on Tuesday in a weak market. f KPTL is a well-diversified EPC player involved in execution of power transmission and pipeline projects. It also undertakes buildings, roads and power plant construction projects through its subsidiary JMC Projects.

* We ex

8/02/2017 10:39:34 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy Bajaj Auto Ltd For Target Rs.3000.00 - Religare Sec

Bajaj Auto Limited

BAJAJ-AUTO has retraced 38.2% of the rise 2510-2918, this level is considered support as per Fibonacci theory. Further, it has also re-tested the neckline of the support zone around 2760, creating opportunities to re-enter. Hence we believe that traders should not miss this opportunity and accumulate in the mentioned range.

8/02/2017 10:36:52 AM | Posted in Broking Firm Views - Short Term Report read full news
Technical Recommendation 7th February 2017

SCRIP SYMBOL - KWALITY

TECHNICAL RATIONALE – KWALITY, after the strong surge from 114 to 146 levels in less than a month, is currently consolidating in narrow range. Its chart pattern indicates possibility of fresh breakout in near future so use this pause to accumulate in given range.

 

Recommendation

7/02/2017 4:05:29 PM | Posted in Broking Firm Views - Short Term Report read full news
Derivative Ideas Havells India Ltd For Target Rs.16.00 - Religare Sec

HAVELLS added around 4.3% of open interest as fresh long positions. Daily vwap is around 433 levels. On charts, it has witnessed Pennant breakout on daily charts on Monday and also trading above short term as well as long term charts. We recommend buying HAVELLS 440 CE as per levels given below.

 

Strategy:

BUY HAVELLS 440 FEB

7/02/2017 11:11:51 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy TVS Motor Company Ltd For Target Rs.440.00 - Reliance Sec

Technical Research

* The stock advanced gradually post witnessing sharp decline from its all-time-high Rs419, where initially it reversed taking support of long-term moving average 100-day SMA and later its short-term moving average 20-day EMA worked as key reversal point.

* Key technical indicators-RSI & MACD are positively poised above

7/02/2017 11:09:58 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy JK Cement Ltd For Target Rs.1,000.00 - Reliance Sec

STOCK IN FOCUS

* J.K. Cement (JKC) gained ~6% in yesterday’s trade better than expected performance in its 3QFY17 result.

* JKC reported a healthy and better-than-estimated operating performance in 3QFY17 with EBITDA coming in at Rs1.48bn (+17% YoY and +2% QoQ).

* Net profit grew strongly by 276% YoY to Rs664mn aided by substa

7/02/2017 11:03:47 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy Indraprastha Gas Ltd For Target Rs.1085.00 - Religare Sec

Indraprastha Gas Limited

IGL has registered a steep up move with strong volume on 6th February, resuming its prevailing uptrend. Its chart pattern clearly indicates strong uptrend. Hence, we advise buying this stock in the mentioned range.

 

Recommendation

Buy Indraprastha Gas Limited

7/02/2017 11:00:28 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

* Despite tough scenario, Canara Bank has delivered an inspiring performance on key asset quality parameters in last 2 quarters.

* Slippages dipped to Rs22.3bn in 3QFY17 vs. Rs24.5bn & Rs38.8bn in 2QFY17 & in 1QFY17, respectively.

* CASA ratio rose by 301bps qoq to 32.2% owing to 18.9% qoq growth in saving dep

6/02/2017 10:58:48 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy Amara Raja Batteries Ltd For Target Rs.970.00 - Reliance Sec

Technical Research

* The stock has made higher bottoms in the past few weeks with crossover of its short term averages confirming the uptrend from current levels.

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

* However in case of major decline multi month support of 860 will co

6/02/2017 10:53:31 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy Axis Bank Ltd For Target Rs.540.00 - Reliance Sec

Axis Bank Limited

AXISBANK has underperformed its peers in the recent past but at current juncture, it is showing signs of bullish reversal. It is also trading near important supports on daily chart, indicating strength. Hence, we suggest buying this stock in the mentioned range.

 

Recommendation

6/02/2017 10:48:56 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy Berger Paints (India) Ltd For Target Rs.285.00 - Religare Sec

Berger Paints (India) Ltd

* BERGERPAINT is a leading manufacturer, offering a wide range of wall painting & waterproofing solution for homes, offices & buildings.

* It has performed exceptionally well in past couple of years and multiplied investors wealth. It rallied from 10 till 225 levels during February, 2009-February, 2017. Techn

4/02/2017 4:48:01 PM | Posted in Broking Firm Views - Short Term Report read full news
Buy Cipla Ltd For Target Rs.720 .00 - Religare Sec

CIPLA LTD

* CIPLA is a well-known Indian multinational pharmaceutical and biotechnology company.

* Technically, it is a sound stock. Passing week, it consolidated above its long, mid and short-term averages (200/100/50 EMA’s) on daily charts, indicating strong up trend. Break out from this range was witnessed on 3rd February, which clea

4/02/2017 4:43:23 PM | Posted in Broking Firm Views - Short Term Report read full news
Buy Bank Nifty For Target Rs.80.00 - Religare Sec

Strategy:

BANKNIFTY added around 13% of open interest as long positions. Call buying was seen at 21000 strike. We recommend buying 21000 CE as per levels given below.

 

Strategy:

BUY BANKNIFTY 23 FEB 21000 CE AT 40, SL 13, TARGET 80.

 

To Read Complete Report

4/02/2017 10:27:07 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 8600 and Banknifty futures is at 19650.

* Put writing was seen at 8600 & 8700 strikes and call writing was seen at 8800 & 9000 strikes.

* Highest positions are at 8500 PE and 9000 CE.

* Nifty is expected to be in the range of 8500-89

4/02/2017 10:25:43 AM | Posted in Broking Firm Views - Short Term Report read full news
Accumulate Karnataka Bank Ltd For Target Rs.154.00 - Religare Sec

Investment Rationale

* Incorporated in 1924, Karnataka Bank (KTK) is one of the oldest private sector banks. It offers wide variety of corporate and retail banking products and services to around 8 million customers. It forayed into General Insurance business as a JV partner in Universal Sompo General Insurance.

* KTK has a business turnover

4/02/2017 10:03:54 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy Amara Raja Batteries Ltd For Target Rs.970.00 - Reliance Sec

Technical Research

* The stock has made higher bottoms in the past few weeks with crossover of its short term averages confirming the uptrend from current levels.

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

* However in case of major decline multi month support of 860 will co

3/02/2017 10:59:07 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy Kaveri Seed Company Ltd For Target Rs.500.00 - Religare Sec

Kaveri Seed Company Limited

KSCL, after the recent slide, is now witnessing rebound with decent volume, indicating buyers interest at lower levels. So, considering its overall chart pattern and recent move we recommend initiating fresh long positions in the mentioned range.

 

Recommendation

3/02/2017 10:52:44 AM | Posted in Broking Firm Views - Short Term Report read full news