Buy Bajaj Corp Ltd For Target Rs.463.00 - Reliance Se

STOCK IN FOCUS

* Bajaj Corp closed 2.3% up in trade at Rs390 compared to 1% increase in the benchmark Nifty ff The company is the market leader in light hair oil market with volume share of 58%

* Although 4QFY17 numbers were impacted by demonetization and weak consumer demand, we expect recovery in the coming quarters on back of good monsoon,

4/07/2017 11:40:43 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy Bata India Ltd For Target Rs.567.00 - Reliance Se

* Bata India once again reversed from sub-515 mark (from resistance-turned-support line) and rose to 8-day closing high.

* Due to recent reversal in the stock, we have observed positive divergence in the key technical indicators, which is quite positive for the stock.

* Currently, the stock is facing resistance of its short-term and medium-term moving averages amidst lack of

3/07/2017 12:24:41 PM | Posted in Broking Firm Views - Short Term Report read full news
Buy Srikalahasthi pipes Ltd For Target Rs.386.00 - Reliance Se

STOCK IN FOCUS

* Srikalahasthi pipes (SPL) closed over 2% higher outperforming the CNX Mid-cap index by over 1%

* SPL is an Andhra Pradesh based integrated manufacturer of Ductile Iron (DI) pipes. Since it is integrated, it enjoys significant competitive advantage, while several cost-optimization measures – including commissioning of Si

3/07/2017 12:18:40 PM | Posted in Broking Firm Views - Short Term Report read full news
Sell Bank Nifty For Target Rs.25.00 - Religare Sec

Strategy:-

BANKNIFTY has been in a range of around 23050-23500 for last 4-5 sessions. The 6th July expiry too has highest maximum positions at 23500 CE and 23000 PE. Banknifty July futures has opened with lower open interest with respect to June series, implying lesser participation. Considering all above mentioned factors, we recommend doing a short s

1/07/2017 3:40:54 PM | Posted in Broking Firm Views - Short Term Report read full news
Derivative Ideas For Nifty - Religare Sec

DERIVATIVES OUTLOOK

* Nifty futures volume weighted average price (VWAP) is at 9550 and Banknifty futures is at 23300.

* Call writing was seen at 9500 & 9700 strikes, put writing was seen at 9400 strike.

* Maximum positions are at 9700 CE and 9400 PE. Nifty is expected to be in the range of 9350-9700.

* Metals, Realty

1/07/2017 3:38:26 PM | Posted in Broking Firm Views - Short Term Report read full news
Accumulate Dabur India Ltd For Target Rs.320.00 - Religare Sec

Investment Rationale

* Dabur India Ltd (DIL) is the second largest FMCG company in India, in terms of Product portfolio. It has a strong portfolio of brands (Dabur Chyawanprash, Real, Hajmola, Vatika, Amla, Fem, Honey, Meswak, Dabur Red) with the focus largely on ayurvedic & healthcare offerings.

* The company’s diverse product port

1/07/2017 3:25:08 PM | Posted in Broking Firm Views - Short Term Report read full news
Buy Pidilite Industries Ltd For Target Rs.341.00 - Reliance Se

STOCK IN FOCUS

* Pidilite Industries closed 1.8% up for the day at Rs796 compared to 0.1% increase in the benchmark Nifty.

* Pidilite posted decent set of numbers in 4QFY17 with impressive volume growth of 8% YoY vs. 1.5% YoY volume decline witnessed in the preceding quarter.

* We expect the company to benefit post GST roll-out, as

30/06/2017 11:55:50 AM | Posted in Broking Firm Views - Short Term Report read full news
Derivative Ideas Vedanta Ltd For Target Rs.10.00 - Religare Sec

Derivative Ideas

VEDL added around 30% of open interest as long positions along with some delivery based buying on previous trading session. It has rolled around 69% into next contract. On charts, it has also witnessed congestion zone breakout on daily charts with strong volumes. Considering the derivatives data and current chart patte

30/06/2017 9:41:05 AM | Posted in Broking Firm Views - Short Term Report read full news
Sell Tata Motors Ltd For Target Rs.260.00 - Religare Sec

Tata Motors Limited

TATAMTRDVR has been underperforming in the auto pack and trading well below the support area of multiple moving averages on daily chart, indicating downtrend. After consolidating in a narrow range for a month, it has witnessed fresh breakdown on 29 June and likely to witness further decline in near term future

30/06/2017 9:37:00 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy Wipro Ltd For Target Rs.284.00 - Reliance Se

* Wipro Ltd consolidated around its lower band of the rising channel after witnessing sharp decline from its multi month high of Rs284.

* Due to recent consolidation in the price, key technical indicator-RSI reversed from its bull market support zone (i.e.40-33) and given positive cross-over.

* As per the current daily set-up, we believe that stock is on the verge of turnaro

29/06/2017 11:58:54 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy Indian Bank Ltd For Target Rs.341.00 - Reliance Se

STOCK IN FOCUS

* Indian Bank closed 2.1% higher along with sharp surge in trading volume, outperforming benchmark NIFTY by 2.4%.

* Despite tough operating scenario, the Bank has delivered an improved performance in 4QFY17/FY17 on key operating and asset quality parameters.

* Management is gradually infusing confidence through major

29/06/2017 11:55:15 AM | Posted in Broking Firm Views - Short Term Report read full news
Derivative Ideas Bank Nifty Ltd For Target Rs.110.00 - Religare Sec

Derivative Ideas

BANKNIFTY has rolled around 46% into next contract so far. It has left with more positions to roll comparative to last expires. Considering the fact, we suggest doing a long strangle in Banknifty as per levels given below.

 

Strategy:

BUY BANKNIFTY JU

29/06/2017 11:51:01 AM | Posted in Broking Firm Views - Short Term Report read full news
Sell Bajaj Auto Ltd For Target Rs.2,660.00 - Religare Sec

Bajaj Auto Limited

In Auto pack, Bajaj-auto has been underperforming for last one and half month. Currently, it’s hovering around the support area of multiple moving averages and likely to witness fresh breakdown in near future. Use any technical bounce to go short in the given range.

29/06/2017 11:48:47 AM | Posted in Broking Firm Views - Short Term Report read full news

Buy Voltas Ltd For Target Rs.475.00 - Religare Sec

Voltas Limited

VOLTAS has witnessed decent correction from its record high and reached closer to the immediate support zone. Oversold positions and existence of support are pointing towards possibility of rebound. Traders can accumulate fresh in the given range.

29/06/2017 11:45:28 AM | Posted in Broking Firm Views - Short Term Report read full news

Sell Arvind Ltd For Target Rs.330.00 - Reliance Se

* Arvind Ltd remained in pressure post recording new life-time-high of Rs426.85 and later it has violated its long-term moving average (i.e. 200-day SMA) also.

* Key technical indicators-RSI and MACD are in bearish mode.

* As per the current daily set-up, we believe that stock will remain in pressure, where it will find support around prior bottom lines.

* In case

28/06/2017 2:16:52 PM | Posted in Broking Firm Views - Short Term Report read full news
Positive Hindustan Zinc Ltd For Target Rs.301.00 - Reliance Se

* Hindustan Zinc Ltd (HZL) closed over 2% higher and outperformed the Nifty Metal Index by ~2%.

* The company recently announced its 4QFY17 results and delivered the best ever quarterly performance primarily on account of record mined metal volume and strong zinc prices

* Its EBITDA rose by 187% YoY and 35% QoQ to Rs37.5bn. Mined metal output increased 66% YoY and 13% QoQ to

28/06/2017 2:13:02 PM | Posted in Broking Firm Views - Short Term Report read full news
Derivative Ideas Gujarat State Fertilizers and Chemicals Ltd For Target Rs.108.00 - Religare Sec

Derivative Ideas

GSFC added around 8% of open interest as short positions. On charts, it has fresh witnessed breakdown from Head & Shoulder pattern on daily charts with noticeable rise in volumes. Current chart pattern and derivatives data suggest further decline in coming sessions. Hence, we suggest shorting GSFC July futures as p

28/06/2017 2:08:59 PM | Posted in Broking Firm Views - Short Term Report read full news
Sell IDFC Ltd For Target Rs.51.00 - Religare Sec

IDFC Limited

IDFC has breached the support zone of multiple moving averages, after breakdown from a distribution pattern. All indications are in the favour of further decline in near term. Use any bounce to create fresh shorts in the mentioned range.

28/06/2017 2:01:17 PM | Posted in Broking Firm Views - Short Term Report read full news

Buy Havells India Ltd For Target Rs.496.00 - Religare Sec

Havells India Limited

HAVELLS has rebounded today i.e. on June 27 after retesting the support area around 455 and looks upbeat to continue this recovery ahead also. Traders can use any intraday dip to go long in the given range.

28/06/2017 1:49:52 PM | Posted in Broking Firm Views - Short Term Report read full news

Sell TVS Motor Company Ltd For Target Rs.477.00 - Reliance Se

* TVS Motor reversed after forming a Double Top pattern around Rs565 (its life-time-high) and closed below its short-term moving average 20-day EMA after long time, signaling near-term weakness in the stock.

* Negative divergence in key technical indicators-RSI and MACD is also coinciding with our near-term view and in favor of probable decline in the stock.

* On the lower s

27/06/2017 12:06:25 PM | Posted in Broking Firm Views - Short Term Report read full news
Buy NTPC Ltd For Target Rs.192.00 - Reliance Se

STOCK IN FOCUS

* Looking ahead, we expect NTPC to add commercial capacity of 2.8GW and 6.0GW in FY18 and FY19, respectively which would lead to a significant jump in regulated equity from current level of Rs440bn.

* We continue to consider NTPC as one of the best placed companies in terms of fuel security, as most of its capacity offtake will

27/06/2017 12:02:04 PM | Posted in Broking Firm Views - Short Term Report read full news
Sell SRF Ltd For Target Rs.1,510.00 - Religare Sec

SRF Limited

After it failed to cross multiple hurdles of moving averages , it has formed a fresh shorting pivot of late and likely to witness further fall in the near future. We suggest using any technical bounce to go short in the given range

27/06/2017 11:53:15 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy ACC Ltd For Target Rs.1,690.00 - Religare Sec

ACC Limited

ACC has retraced marginal from its record high and currently hovering in a narrow range from last one month or so. Existence of multiple moving averages on the daily chart along with confirmation indicators clearly pointing towards rebound in near term.

27/06/2017 11:49:37 AM | Posted in Broking Firm Views - Short Term Report read full news