Derivative Ideas Punjab National Bank Ltd For Target Rs.7.00 - Religare Sec

Derivative Ideas

PNB added around 1.5% of open interest as long positions along with some delivery based buying in previous session. Call buying was seen at 145 & 150 strikes and huge put writing was seen at 135 & 140 strikes. We suggest buying PNB 145 CE as per levels given below.

 

Stra

7/03/2017 11:31:10 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy Union Bank Of India Ltd For Target Rs. 159.00 - Reliance Sec

* The stock has seen a decent correction from the high of 172 levels and consistently making higher bottoms in the past few days with positive price action.

* The key technical indicators and RSI has also reversed turning upwards confirming the uptrend in the coming days. .

* The stock is consistently trading in band of its averages and with the sector in focus it is likely

7/03/2017 11:26:36 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy Shriram Transport Finance Ltd For Target Rs.1,159.00 - Reliance Sec

STOCK IN FOCUS

* Shriram Transport Finance (STFC) closed 1.6% higher, outperforming benchmark NIFTY by 0.8%.

* We expect STFC’s operating environment would improve post completion of remonetisation process and implementation of BS-IV emission norms for vehicles and rollout of Goods & Services Tax (GST).

* Disbursement has

7/03/2017 11:21:39 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy Tata Global Beverages Ltd For Target Rs.155.00 - Religare Sec

Tata Global Beverages Limited (TATAGLOBAL)

TATAGLOBAL has been holding strong above its multiple moving averages on daily chart. Further, it is also on the verge of breakout from the consoli-dation range. We suggest traders to initiate fresh longs in the given range.

7/03/2017 9:10:54 AM | Posted in Broking Firm Views - Short Term Report read full news

Technical Recommendation 6th March 2017

TECHNICAL RATIONALESPARC, after spending nearly five months in consolidation range, has witnessed a breakout. Cur-rently, it’s hovering around the neckline (support) area of the range, offering opportunity to enter fresh. Traders may accu-mulate in the given range.

6/03/2017 5:31:19 PM | Posted in Broking Firm Views - Short Term Report read full news

Buy Godrej Industries Ltd For Target Rs.530.00 - Reliance Sec

* Godrej Industries slipped to Rs477 from its life-time-high Rs525 on back of profit booking at higher levels. Later the stock has witnessed decent rebound, but it reversed before recording fresh high. Currently, it is trading around 2-week low.

* Though key technical indicators-Stochastic & RSI are trading below its average, both are stuck around their key reversal area and about

6/03/2017 11:37:39 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy Bajaj Corp Ltd For Target Rs1.481.00 - Reliance Sec

STOCK IN FOCUS

* In the light of demonetisation and its resultant impact on consumer demand Bajaj Corp has reported decent numbers in 3QFY17.

* Its net sales fell by 4.8% yoy to Rs1.9bn, while net profit grew by 17.2% yoy to Rs578mn aided by favourable base that included amortisation charge of Nomarks.

* We expect recovery in demand

6/03/2017 11:31:31 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy Pidilite Industries Ltd For Target Rs. 685.00 - Religare Sec

Pidilite Industries Limited (PIDILITIND)

PIDILITIND has been witnessing profit taking after a breakout from its ‚Inverted Head and Shoulder pattern‛. It’s a normal profit taking and traders can utilize this fall to accumulate in the mentioned range.

6/03/2017 9:34:53 AM | Posted in Broking Firm Views - Short Term Report read full news

Buy Dabur India Ltd For Target Rs.315.00 - Religare Sec

Investment Rationale

* Dabur India is one of the leading FMCG companies in India, which operates in various product categories, such as hair care, oral care, health supplements, foods, OTC and Ethicals, skin care, home care and digestives. The company generates around 66% revenues from the domestic market, while overseas business contributes 30%.

4/03/2017 3:31:02 PM | Posted in Broking Firm Views - Short Term Report read full news
Derivative Ideas Nifty - Religare Sec

DERIVATIVES OUTLOOK

* Nifty Mar futures volume weighted average price (VWAP) is at 8920 and Banknifty futures is at 20700.

* Nifty futures rolled around 73% and Banknifty futures rolled around 60% into next contract.

* Call writing was seen at 9000 & 9100 strike and put writing was seen at 8700 & 8800 strikes. Highest positi

4/03/2017 12:28:00 PM | Posted in Broking Firm Views - Short Term Report read full news
Buy Arvind Ltd For Target Rs.402.00 - Religare Sec

Strategy:

Arvind march fut has seen good short covering and with previous long positions intact during expiry,it is likely to head towards 402 in the short term.

 

Strategy:

BUY Arvind march fut @382,sloss at 372,target 402.

 

To Read Complete Report & Disc

4/03/2017 12:25:56 PM | Posted in Broking Firm Views - Short Term Report read full news
Buy GlaxoSmithKline Consumer Healthcare Ltd For Target Rs.5,916.00 - Reliance Sec

STOCK IN FOCUS

* GlaxoSmithKline Consumer Healthcare closed 0.6% up in trade today at Rs5,108 vs. 0.5% fall 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

3/03/2017 12:45:54 PM | Posted in Broking Firm Views - Short Term Report read full news
Sell L&T Finance Holdings Ltd For Target Rs.104.00 - Reliance Sec

* The stock reversed forming Double Top pattern around Rs119 and later slipped to one week low after a strong up move.

* Negative cross-over in Stochastic & RSI are signaling about weakness in the stock.

* We believe the stock will remain in pressure for the short-term to correct to its medium term moving averages.

* Thus, short position can be initiated around

3/03/2017 12:40:58 PM | Posted in Broking Firm Views - Short Term Report read full news
Derivative Ideas Arvind Ltd For Target Rs.392.00 - Religare Sec

Derivative Ideas

Textile as a sector has seen good long rolls in the month of march.Arvind march fut has also seen fresh long buil dup at 378-380 average price.We expect the stock to rally till 392 in the short term.

 

Strategy:

BUY Arvind march fut @378-380 ,sloss at 372.50,target 392

3/03/2017 12:33:38 PM | Posted in Broking Firm Views - Short Term Report read full news
Buy Hindustan Unilever Ltd For Target Rs.910.00 - Religare Sec

Hindustan Unilever Limited (HINDUNILVR)

HINDUNILVR has been holding strong above its long and mid-term moving averages (200/100 EMA’s), placed on daily chart. Further, it has witnessed breakout from its consolidation zone today, supported by decent volumes.

 

Recommendation

3/03/2017 9:56:49 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy ARVIND Ltd For Target Rs.405.00 - Reliance Sec

* The stock has seen a decent correction from the high of 425 levels and consistently making higher bottoms after touching the bottom at 340 levels.

* 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 is consistently trading above its short term averages in the past few days, a

2/03/2017 12:15:31 PM | Posted in Broking Firm Views - Short Term Report read full news
Buy Mangalam Cement Ltd For Target Rs.370.00 - Reliance Sec

STOCK IN FOCUS

* Mangalam Cement (MCL) surged ~3% in yesterday’s trade on the expectation of better performance ahead with the possible improvement in sales volume in coming weeks mainly to be aided by Aligarh Grinding Unit.

* MCL’s initiatives in the form of multi fuel usability, new railway siding and thrust on

2/03/2017 12:09:52 PM | Posted in Broking Firm Views - Short Term Report read full news
Derivative Ideas SBIN Ltd For Target Rs.8.00 - Religare Sec

Derivative Ideas

SBIN has created a fresh buying pivot on daily charts, and it is also trading above important short term as well as long term moving averages on same time frame. Put writing was seen at 270 strike and call buying was seen at 275 strike. We expect it to rally till 283 levels in short term. Hence, we suggest doing bull c

2/03/2017 12:00:30 PM | Posted in Broking Firm Views - Short Term Report read full news
Buy Bharat Forge Ltd For Target Rs.1110.00 - Religare Sec

Bharat Forge Limited (BHARATFORG)

BHARATFORG has been witnessing profit taking for last one week or so and has retraced to the im-mediate support zone of 50 EMA on the daily chart. It’s normal decline after a strong surge, offering fresh opportunity to enter.

2/03/2017 9:36:47 AM | Posted in Broking Firm Views - Short Term Report read full news

Buy NCC Ltd For Target Rs.100.00 - Reliance Sec

STOCK IN FOCUS

* NCC Ltd (NCC) gained over 3% in yesterday’s trade on the expectation of better performance in ensuing quarters.

* With a balanced presence across infrastructure verticals (10 segments), geographical diversification and prequalification to undertake projects in most verticals, NCC is best-placed to cash in on imminent op

1/03/2017 12:55:01 PM | Posted in Broking Firm Views - Short Term Report read full news