* Infosys’ stock rose by 1.5% yesterday against a flattish close for the BSE Sensex.
* Infosys’ revenue rose by 0.7% QoQ in 4QFY17; a positive factor was the healthy 4.1% QoQ growth in the ECS vertical, with Comminucations & Services growing nearly 10% QoQ and accounting for nearly 10% of revenue, the highest pr
* HDFC closed 1.1% higher, outperforming benchmark NIFTY by 42bps.
* Over the last few years, HDFC Ltd has proven its competitive edge over its peers through decent growth in business, stable spreads, well-managed asset quality and better performance in other financial business subsidiaries. Consequently, the stock traded at a
CANBK added around 10% of open interest as fresh short positions. It has rolled around 29% into next contract so far. It has also witnessed congestion zone breakdown of last 25 days or so on daily charts. It has also registered breakdown from short term moving averages on daily charts. Hence, we recommend shorting CANBK June futures as per
BAJAJ-AUTO added around 4.5% of open interest as long positions. Daily vwap is around 2839 levels. On charts, it has created a fresh buying pivot near its important price support of 2790 levels on daily charts. Its 200 daily EMA is placed at 2795 levels. Considering the overall chart structure as well as derivatives da
HINDPETRO has been trading in a broader range for last four months and likely to retest the lower band of the range in near term. We suggest trader to use any intraday bounce to go short in the given range.
23/06/2017 9:48:05 AM|Posted in Broking Firm Views - Short Term Reportread full news
ULTRACEMCO has retraced considerably from its record high and currently trading around the support area of multiple moving averages on daily chart. Existence of support and chart formation are pointing towards strong rebound ahead.
23/06/2017 9:41:30 AM|Posted in Broking Firm Views - Short Term Reportread full news
AMARAJABAT has witnessed good delivery based buying on Tuesday and also added around 2% of open interest as fresh long positions on Wednesday. Keeping in mind long buildup along with delivery based buying, we recommend buying AMARAJABAT June futures as per given levels.
SIEMENS has retraced marginal from its record high and formed a base around its support zone of multiple moving averages on daily chart. The chart shows possibility of strong rebound in near future. Traders can accumulate fresh in the given range.
22/06/2017 12:28:05 PM|Posted in Broking Firm Views - Short Term Reportread full news
BERGEPAINT has been consolidating in a range near to its record high while holding firmly above its medium term moving averages. It has formed a fresh buying pivot on the daily chart and likely to witness strong up move in near future
22/06/2017 12:20:57 PM|Posted in Broking Firm Views - Short Term Reportread full news
TITAN added around 2.50% of open interest as fresh long positions along with some delivery based buying in previous session. On charts, it has created a fresh buying pivot near the support zone of gap left by it while rising on June 5, 2017. It is also trading in higher highs - higher lows formation above its long term as well as short term moving averages on daily charts. Hence, we suggest buy
ABIRLANUVO has been consolidating around its record high for last one month or so and formed a fresh buying pivot on daily chart. We suggest using this phase to create fresh longs in the mentioned range.
IGL added around 1.50% of open interest as fresh long positions along with some delivery based buying in previous trading session. On charts, it has created a fresh buying pivot on Monday near its price support zones (1055-1060) on daily charts after witnessing marginal profit taking from its all time highs. Current ch
POWERGRID has been hovering in a narrow range near to its record high for almost two months and now trading on the verge of breakout from the same. Traders shouldn’t miss this chance and initiate long trades in the given range
20/06/2017 1:29:03 PM|Posted in Broking Firm Views - Short Term Reportread full news
Unlike all other FMCG counter, DABUR is still consolidating in a range on the daily chart while holding firmly above its multiple moving averages. We believe the consolidation will be over soon and traders should use this pause to accumulate fresh in the given range.
20/06/2017 12:27:55 PM|Posted in Broking Firm Views - Short Term Reportread full news