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
Buy Housing Development Finance Corporation Ltd For Target Rs.1,580.00 - Reliance Sec

STOCK IN FOCUS

* 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 premium to its peers with best-in-class return ratios.

* Core mort

3/02/2017 10:48:31 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy DCB Bank Ltd For Target Rs.132.00 - Religare Sec

DCB Bank Ltd

DCBBANK was consolidating above the confluence zone of its 50/100 EMA’s on daily chart. Break out from this range was witnessed yesterday i.e. 2nd February. All this indicates bullish bias to continue ahead as well.

 

Recommendation

Buy DCB Bank Ltd @ 122-1

3/02/2017 10:40:04 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy Colgate-Palmolive (India) Ltd For Target Rs.944.00 - Reliance Sec

Technical Research

* The stock reversed forming Double Bottom Pattern around Rs860 and later managed to recover partial losses of prior week.

* We believe the stock will continue its up-move for the short-term, as rise in Stochastic & RSI from their oversold zone & bull market support area (respectively) is in favor of probable reboun

2/02/2017 12:01:47 PM | Posted in Broking Firm Views - Short Term Report read full news
Buy HeidelbergCement India Ltd For Target Rs.145.00 - Reliance Sec

STOCK IN FOCUS

* HeidelbergCement India (HCIL) gained ~6% in yesterday’s trade on expectation of demand improvement from rural segment after the announcement of Union Budget 2017- 2018.

* With no meaningful capacity addition coming in Central region in next 2-3 years, we believe HCIL would hit a sweet spot to improve its financials in e

2/02/2017 11:55:50 AM | Posted in Broking Firm Views - Short Term Report read full news
Sell Federal Bank Ltd For Target Rs.72-65 - Reliance Sec

Technical Research

* The stock reversed after retracing ~76% of prior fall and later slipped to nine days closing low.

* Fall in RSI from its higher levels is signaling lack of strength in the stock

* However, fresh short position can be initiated only on rebound, as oversold Stochastic is indicating about near-term bounce back in t

1/02/2017 11:37:10 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy Emami Ltd For Target Rs.1211.00 - Reliance Sec

STOCK IN FOCUS

* Emami closed 1.7% up in trade today at Rs 1031 vs. 0.8% fall in the benchmark Nifty.

* In aftermath of demonetisation, although Emami reported flat set of numbers, it witnessed improvement in market shares across categories.

* We expect gradual recovery in consumer demand with increased currency circulation, good ag

1/02/2017 11:34:00 AM | Posted in Broking Firm Views - Short Term Report read full news
Derivative Ideas Bank Nifty For Target Rs.125.00 - Religare Sec

Event Strategy— We are anticipating VIX to shoot up around 19%-19.50% levels in short term which will provide a possible move of 250+ points in nifty or 500-600 pt in bank nifty in any direction. Considering the present scenario, we suggest doing a option pair strategy in BANKNIFTY and NIFTY as per levels given below.

 

Strategy:

1/02/2017 10:22:50 AM | Posted in Broking Firm Views - Short Term Report read full news
Sell Voltas Ltd For Target Rs.300.00 - Religare Sec

Voltas Limited

VOLTAS was struggling near its important moving averages (50/100/200 EMA’s) from past couple of sessions. Yesterday, i.e. 31st January, it witnessed steep sell off on back of decent volume, indicating weakness to continue. Hence, we suggest utilizing bounce to create fresh short positions.

 

1/02/2017 10:21:21 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy Hindustan Unilever Ltd For Target Rs.900.00 - Religare Sec

Hindustan Unilever Limited

Post recent rise (782-875), HINDUNILVR went into consolidation phase, just above its 50/100/200 day EMA’s. Consolidation post up move is considered a healthy sign and is like a pause before further up move. Hence, we recommend buying this stock in mentioned range.

 

Recommendation

1/02/2017 9:53:03 AM | Posted in Broking Firm Views - Short Term Report read full news
Derivative Ideas Bank Nifty For Target Rs.142.00 - Religare Sec

Event Strategy— We are anticipating VIX to shot up around 19%-19.50% levels in short term which will provide a possible move of 250+ points in any direction. Considering the present scenario, we suggest doing a option pair strategy in BANKNIFTY and NIFTY as per levels given below.

 

Strategy:

BUY BANKNIFTY 2 FEB 19000 PE

31/01/2017 10:57:16 AM | Posted in Broking Firm Views - Short Term Report read full news
Sell Federal Bank Ltd For Target Rs.72.00 - Reliance Sec

Technical Research

* The stock slipped to six days closing low post reversing from its 76.4% Fibonacci Retracement level of prior fall.

* Due to two consecutive down ticks (i.e. on daily chart) Stochastic & RSI has given negative cross-over from their higher levels.

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

31/01/2017 10:55:48 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy LIC Housing Finance Ltd For Target Rs.615.00 - Religare Sec

LIC Housing Finance Ltd

LICHSGFIN gained strength from the previous trading sessions after consolidating around its long and mid term averages (200/100) on daily chart. Its current chart pattern indicates that it is all set for up move towards higher levels. Hence, we believe traders can add fresh long positions in the mentioned range.

 

31/01/2017 10:51:57 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy Cadila Healthcare Ltd For Target Rs.422.00 - Reliance Sec

STOCK IN FOCUS

* Cadila Healthcare (CDH) has outperform the benchmark Nifty by ~4%

* Strong Pending ANDA Pipeline to Drive Growth in US Biz: CDH has strong pending pipeline of 160+ ANDAs including high-value/high-margin opportunities. We expect strong growth in the US in FY18E (20% yoy in CC terms).

* The US FDA resolution to of Mor

31/01/2017 10:49:01 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy Britannia Industries Ltd For Target Rs.3375.00 - Religare Sec

Britannia Industries Limited

BRITANNIA registered fresh buying after consolidation phase that lasted for couple of trading sessions. This up move was supported by decent volume, indicating buying interest at current levels. Hence, we recommend buying with mentioned levels.

 

Recommendation

31/01/2017 10:45:47 AM | Posted in Broking Firm Views - Short Term Report read full news
Technical Recommendation 30th January 2017

SCRIP SYMBOL - GODREJCP

TECHNICAL RATIONALE – GODREJCP has registered steep up move on Monday i.e. 30th January, with strong volume, resuming its prevailing uptrend. Its chart pattern and confirmation indicators are clearly pointing toward fresh surge ahead.

 

Recommendation

Buy

30/01/2017 5:57:36 PM | Posted in Broking Firm Views - Short Term Report read full news
Sell Wipro Ltd For Target Rs.433.00 - Reliance Sec

Technical Research

* The stock is in falling trend, as it reversed facing resistance from its 38.2% Fibonacci Retracement level of prior fall (from Rs606 to Rs408).

* Due to two consecutive down tick (i.e. on weekly chart) Stochastic has given negative cross-over and RSI also reversed after visiting its neutral level-50.

* As per th

30/01/2017 10:54:03 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy State Bank of India Ltd For Target Rs.288.00 - Religare Sec

State Bank of India

SBIN recently tested 100 EMA support line and bounced back sharply; yesterday, it even posted fresh breakout from trend line resistance barrier (refer chart), indicating up side move to continue.

 

Recommendation

Buy State Bank of India  @ 262-265 Stoploss

30/01/2017 10:49:43 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy GlaxoSmithKline Consumer Healthcare Ltd For Target Rs.6,849.00 - Reliance Sec

STOCK IN FOCUS

* GlaxoSmithKline Consumer Healthcare closed up in trade today by 3.2% at Rs5,190 vs. 0.5% increase in benchmark Nifty.

* GSK Consumer is the market leader in health food drinks industry with market share of 70%. With its flagship brands Horlicks and Boost, it has successfully fend off competition from likes of Heinz and Mondel

30/01/2017 10:46:05 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy Motherson Sumi Systems Ltd For Target Rs.370.00 - Religare Sec

Motherson Sumi Systems Limited

MOTHERSUMI posted breakout from Inverted head and Shoulder pattern on daily chart. It is a trend reversal pattern indicating bullish bias ahead.

 

Recommendation

Buy Motherson Sumi Systems Limited  @ 338-342  Stoploss 330 Target 370 CMP 344

30/01/2017 9:53:11 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy Ceat Ltd For Target Rs.85.00 - Religare Sec

Strategy: CEATLTD added around 13% of open interest as long positions. Daily vwap is around 1210 levels. On charts, it is trading on verge of trendline breakout on daily charts, it is also trading above short term as well as long term moving averages on same time frame. We suggest buying CEATLTD 1220 CE as per levels given below.

 

Strategy:

28/01/2017 9:58:27 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 8540 and Banknifty futures is at 19400.

* Put writing was seen at 8500 & 8600 strikes. Highest positions are at 8400 PE and 9000 CE.

* Nifty is expected to be in the range of 8450-8850.

* Cement, Finance & Metal stocks gained the mos

28/01/2017 9:56:16 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy Bharat Heavy Electricals Ltd For Target Rs.144-147 - Reliance Sec

Technical Research

* The stock advanced gradually post giving break-out from falling trend line, where it surged taking support of its short-term moving average 20-day SMA.

* Rise in RSI & MACD from their lower level is signaling overall strength in the stock.

* As per the current daily set-up, we believe the stock will soon sur

27/01/2017 10:39:19 AM | Posted in Broking Firm Views - Short Term Report read full news