Buy Amara Raja Batteries Ltd For Target Rs.925.00 - Reliance Se

* 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 830 will continue to work as key support for the stock.

* Thus,

27/04/2017 3:06:42 PM | Posted in Broking Firm Views - Short Term Report read full news
Buy JSW Energy Ltd For Target Rs.70.00 - Reliance Se

STOCK IN FOCUS

* JSW Energy recent acquisition of 1,391MW hydel capacity led to total 4,531MW generation capacity from 3,140MW that aided good revenue performance but reported PAT continue to decline on account of lower realization, higher interest cost, depreciation costs and loss in hydro assets.

* We believe that the negatives relating to

27/04/2017 2:57:48 PM | Posted in Broking Firm Views - Short Term Report read full news
Derivative Ideas Bharti Airtel Ltd For Target Rs.370.00 - Religare Sec

Derivative Ideas

BHARTIARTL added around 19% of open interest as long buildup along with good delivery based buying in previous session. It has rolled around 52% in next contract so far. It has also witnessed congestion zone breakout on daily charts on April 26, 2017. We suggest buying BHARTIARTL May futures as per leve

27/04/2017 2:47:52 PM | Posted in Broking Firm Views - Short Term Report read full news
Buy Manappuram Finance Ltd For Target Rs.108.00 - Religare Sec

Manappuram Finance Limited

MANAPPURAM has been consolidating in a narrow range for last two months while holding strongly above its short term moving averages on multiple time frames. It has recently tested the lower band of the range, offering fresh buying opportunity before breakout.

27/04/2017 2:37:28 PM | Posted in Broking Firm Views - Short Term Report read full news

Buy ITC Ltd For Target Rs.310.00 - Religare Sec

ITC Limited (ITC)

After a month long consolidation phase, ITC has witnessed a fresh surge today i.e. on April 26 and made a new record high. Its chart pattern indicates positive trend to continue

27/04/2017 2:31:06 PM | Posted in Broking Firm Views - Short Term Report read full news
Buy Mahindra & Mahindra Ltd For Target Rs.1,410.00 - Religare Sec

Mahindra & Mahindra Limited (M&M)

M&M has registered a fresh breakout from its month long consolidation phase on the daily chart, supported by decent rise in volume. Existence of support of multiple moving averages combined with the chart formation clearly pointing towards strong surge in near future.

26/04/2017 4:37:15 PM | Posted in Broking Firm Views - Short Term Report read full news

Buy Mahindra & Mahindra Ltd For Target Rs.1,410.00 - Religare Sec

Mahindra & Mahindra Limited (M&M)

M&M has registered a fresh breakout from its month long consolidation phase on the daily chart, supported by decent rise in volume. Existence of support of multiple moving averages combined with the chart formation clearly pointing towards strong surge in near future.

26/04/2017 3:58:13 PM | Posted in Broking Firm Views - Short Term Report read full news

Technical Recommendation 25th April 2017

SCRIP NAME AND SYMBOL - Capital First Limited (CAPF)

TECHNICAL RATIONALE – CAPF has retraced marginal from its 52-week high due to profit booking and currently hovering in a narrow range. After spending nearly a month in a consolidation zone, it looks all set to resume the uptrend in near future. Traders should use this pause to

25/04/2017 4:52:40 PM | Posted in Broking Firm Views - Short Term Report read full news
Buy M&M Ltd For Target Rs.1,340.00 - Reliance Sec

* The stock has made a strong bottom in the last few weeks at 1213 and making higher bottoms on its weekly charts with strong volumes in the last few days.

* The key technical indicators and RSI has also reversed turning upwards and as the stock is in poised for a breakout from current levels.

* The stock has closed above its short term averages confirming the uptrend and th

25/04/2017 3:13:22 PM | Posted in Broking Firm Views - Short Term Report read full news
Buy HDFC Bank Ltd For Target Rs.1,833 - Reliance Sec

STOCK IN FOCUS

* HDFC Bank closed 2.4% higher, outperforming benchmark NIFTY by 1.3%. Despite an adverse macroeconomic scenario, the Bank has delivered a healthy performance on business growth, operating parameters and assets quality front in 4QFY17.

* In comparison of a mere 5% YoY growth in banking industry loan, HDFC Bank’s loan book

25/04/2017 3:06:38 PM | Posted in Broking Firm Views - Short Term Report read full news
Derivative Ideas Dalmia Bharat Ltd For Target Rs.2,220.00 - Religare Sec

Derivative Ideas

DALMIABHA witnessed huge delivery based buying in previous session and also surged around 2.5% on Monday i.e. April 24, 2017, on short covering. On charts, stock has created a buying pivot on daily as well as on intraday charts and also trading in higher highs—higher lows formation above short ter

25/04/2017 3:00:28 PM | Posted in Broking Firm Views - Short Term Report read full news
Buy Hindustan Unilever Ltd For Target Rs.960.00 - Religare Sec

Hindustan Unilever Limited (HINDUNILVR)

HINDUNILVR has witnessed marginal profit taking and retraced near to its immediate support zone of short-term moving averages. The chart pattern along with confirmation indicators are clearly pointing towards strong rebound in near future.

25/04/2017 2:55:22 PM | Posted in Broking Firm Views - Short Term Report read full news

Buy Bajaj Auto Ltd For Target Rs.2,820.00 - Religare Sec

Bajaj Auto Limited (BAJAJ-AUTO)

Among the auto stocks, Bajaj-auto is currently trading around the support area of multiple moving averages and formed a fresh buying pivot on daily chart. Indications from the auto index chart is also favouring strong surge ahead.

25/04/2017 2:50:53 PM | Posted in Broking Firm Views - Short Term Report read full news

Sell Max Financial Services Ltd For Target Rs.595.00 - Reliance Sec

Technical Research

* Max Financial reversed from its life-time high forming Rounding Top pattern and slipped to 2-week low, which is signaling near-term weakness in the stock.

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

* On th

24/04/2017 4:36:31 PM | Posted in Broking Firm Views - Short Term Report read full news
Buy Wipro Ltd For Target Rs.470.00 - Religare Sec

Wipro Limited (WIPRO)

WIPRO, after its failed attempt to cross the resistance zone around 510 level, has formed a fresh shorting pivot on daily chart. Any bounce should be utilised to create fresh shorts.

24/04/2017 4:20:50 PM | Posted in Broking Firm Views - Short Term Report read full news
Buy Cyient Ltd For Target Rs.565.00 - Reliance Se

STOCK IN FOCUS

* Cyient’s stock price rose 4.25% in Friday’s trade, while the BSE Sensex declined by 0.2%.

* Cyient’s 4QFY17 USD revenue rose by a strong 3.8% QoQ (+3.6% QoQ in CC terms), as all major segments of the company reported strong growth.

* The DNO segment saw a 3% QoQ USD revenue rise, ENGG grew by a str

24/04/2017 4:10:06 PM | Posted in Broking Firm Views - Short Term Report read full news
Buy Equitas Holdings Ltd For Target Rs.188.00 - Religare Sec

Equitas Holdings Limited (EQUITAS)

After a breakout from a consolidation range, EQUITAS has witnessed marginal profit taking of late, offering a fresh buying opportunity. Traders shouldn’t miss this chance and accumulate in the given range.

24/04/2017 3:59:39 PM | Posted in Broking Firm Views - Short Term Report read full news

Accumulate Kesoram Industries Ltd For Target Rs.210.00 - Religare Sec

Investment Rationale

* Incorporated in 1919, Kesoram Industries (KIL), is a BK Birla Group company and is engaged in the manufacturing of tyre, rayon and cement. Both their brands Birla Tyres (Tyre division) and Birla Shakti (Cement division) are well recognised brands in the sector.

* Lower rubber prices and pick up in auto sector are the ma

22/04/2017 4:30:11 PM | Posted in Broking Firm Views - Short Term Report read full news
Buy Tata Steel Ltd For Target Rs.10.00 - Religare Sec

Strategy:-

TATASTEEL added around 2.25% of open interest as fresh short positions. Daily vwap is around 455 levels. Huge call writing was seen at 460 strike and put buying (unwinding by writers) was seen at 440 and 460 strikes. On charts, it has witnessed breakdown from important price support of 460 levels on April 18, 2017. We suggest buying TATASTEE

22/04/2017 2:52:46 PM | Posted in Broking Firm Views - Short Term Report read full news
Derivative Ideas For Nifty - Religare Sec

DERIVATIVES OUTLOOK

* Nifty Apr futures volume weighted average price (VWAP) is at 9175 and Banknifty futures is at 21575.

* Huge call writing was seen at 9200 strike followed by 9150 strike and put buying (unwinding by writers) was seen at 9100 strike. Maximum positions are still at 9100 PE and 9200 CE. Nifty is expected to be in the range o

22/04/2017 2:48:28 PM | Posted in Broking Firm Views - Short Term Report read full news
Buy Torrent Power Ltd For Target Rs.242.00 - Reliance Sec

* Torrent Power reversed after taking support of its medium-term moving average 50-day EMA and also 61.8% Fibonacci Retracement level of recent rally (Rs191-242) and rose to 7 days high.

* Key technical indicators-Stochastic and RSI moving higher post their positive cross-over.

* As per the current daily set-up, we believe that stock will remain in positive momentum and soon

21/04/2017 11:52:00 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy Bajaj Corp Ltd For Target Rs.463.00 - Reliance Se

STOCK IN FOCUS

* Bajaj Corp closed 2% up in trade at Rs402 compared to 0.4% increase in 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.

* We expect Bajaj

21/04/2017 11:44:01 AM | Posted in Broking Firm Views - Short Term Report read full news
Derivative Ideas UltraTech Cement Ltd For Target Rs.4150.00 - Religare Sec

Derivative Ideas

ULTRACEMCO added around 2.5% of open interest as fresh long positions. In line with other cement stocks, it has also witnessed addition of long positions. It has also created a fresh buying pivot on daily as well as on weekly charts near price support zone of 3940-3950 levels. We recommend buying ULTRACEMCO Apr futures

21/04/2017 11:38:42 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy Voltas Ltd For Target Rs.445.00 - Religare Sec

Voltas Limited (VOLTAS)

VOLTAS has formed a buying pivot on the daily chart after retracing marginally from the record high. Its current chart pattern along with confirmation indicators clearly pointing towards fresh surge ahead.

21/04/2017 11:29:58 AM | Posted in Broking Firm Views - Short Term Report read full news