Buy Gabriel India Ltd For Target Rs.182.00 - Choice India

* On an hourly chart, the stock is forming a strong bullish candle with the support of 100 hourly exponential moving average which shows positive momentum in the counter.

* Moreover, the stock is breaching above the 20 & 50 days exponential moving average with healthy volume which is a positive sign for an upward move.

* On an hourly chart, momentum indicator RSI is show

12/08/2017 9:53:43 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy Biocon Ltd For Target Rs.360.00 - Choice India

* On a daily chart, after a steep correction, the stock has tested a support of 250 days exponential moving average which acted as a support and given a positive rally twice in the past.

* Moreover, the stock is forming a closing bar reversal pattern which is a bullish sign for an upside movement.

* On a weekly chart, the stock has tested a support of 50-week exponential mov

11/08/2017 3:55:42 PM | Posted in Broking Firm Views - Short Term Report read full news
Sell LIC Housing Finance Ltd For Target Rs.635.00 - Choice India

* On a daily chart, we can see a negative crossover of 20*50 days exponential moving averages which are leading the stock to move towards a southward direction.

* Moreover, the stock has been trading below the 100 days exponential moving average from last seven trading sessions which indicates a weakness in the counter.

* On a weekly chart, the stock has breached below the 2

10/08/2017 5:37:55 PM | Posted in Broking Firm Views - Short Term Report read full news
Derivative Ideas Nifty For Target Rs.118.00 - Religare Sec

Derivative Ideas

Nifty futures has witnessed fresh short buildup in the derivative market yesterday’s trade. Huge call writing seen in 10000 strike again. VIX is likely to shoot to 14%.We expect Nifty to be in 9550-10000 in the short term.

 

Strategy:

Buy Nifty

10/08/2017 11:49:09 AM | Posted in Broking Firm Views - Short Term Report read full news
Sell IDFC Ltd For Target Rs.53.00 - Religare Sec

IDFC Limited

IDFC has been trading with negative bias for past two months, after several failed attempts to cross the resistance zone around 60. After recent consolidation, it’s on verge of fresh breakdown. We advise creating fresh shorts in the given range.

10/08/2017 11:47:01 AM | Posted in Broking Firm Views - Short Term Report read full news

Buy NTPC Ltd For Target Rs.180.00 - Choice India

* On a daily chart, the stock has been trading as per momentum triple pattern theory which signifies a bullish trend in the counter.

* After a positive rally, the stock price has corrected and tested a support of its Fibonacci extension level 50%, placed at 170 and forming a strong bullish candle which indicates a further upside movement in the counter.

* On a weekly chart,

9/08/2017 5:54:51 PM | Posted in Broking Firm Views - Short Term Report read full news
Buy Balaji Telefilms Ltd For Target Rs.183.00 - Choice India

* On a daily chart, the stock is forming a closing price reversal bar pattern with increase in volume activity after 5 continuous bearish trading sessions which is a positive sign.

* Moreover, the stock has taken a support of its 50 days exponential moving average which may cause for an upward movement in the counter.

* On an hourly chart, momentum indicator RSI has moved ou

9/08/2017 5:46:35 PM | Posted in Broking Firm Views - Short Term Report read full news
Derivative Ideas Nifty For Target Rs.96.00 - Religare Sec

Nifty futures has witnessed fresh short buildup in the derivative market yesterday’s trade. Huge call writing seen in 10000 strike. VIX is likely to shoot to 14%.We expect Nifty to be in 9950-10100 in the short term.

 

Strategy:

Buy Nifty 9900pe@60 sloss at 42,target 96.

 

To Rea

9/08/2017 11:32:05 AM | Posted in Broking Firm Views - Short Term Report read full news
Sell Divis Laboratories Ltd For Target Rs.650.00 - Religare Sec

Divi's Laboratories Limited

Mostly pharma counters are underperforming and DIVISLAB is no exception . Currently, it is trading below its medium and long term moving averages and has formed a fresh shorting pivot on daily chart. Traders can initiate fresh short as per the mentioned levels.

9/08/2017 11:30:18 AM | Posted in Broking Firm Views - Short Term Report read full news

Buy Hero MotoCorp Ltd For Target Rs.4,050.00 - Religare Sec

Hero MotoCorp Limited

After a strong surge of late, HEROMOTOCO is now witnessing marginal profit booking, offering fresh buying opportunity. Traders shouldn’t miss this chance and accumulate on dips in the given range.

9/08/2017 11:27:14 AM | Posted in Broking Firm Views - Short Term Report read full news

Buy Meghmani Organics Ltd For Target Rs.62.00 - Choice India

* On a daily chart, the stock is forming a hammer like a candlestick pattern with healthy volume which indicates a robust upside move in the counter.

* Moreover, the stock is trading above the 20 days exponential moving average which may cause an upward movement.

* A daily momentum indicator RSI reading is at 58.49 with a positive crossover which points out for a positive br

8/08/2017 4:51:36 PM | Posted in Broking Firm Views - Short Term Report read full news
Technical Recommendation 8th August 2017

SCRIP NAME AND SYMBOL - Bharat Financial Inclusion Limited

TECHNICAL RATIONALE – Post a breakout from its declining trendline pattern, BHARATFIN has been consolidating in a narrow range for last one week or so. We believe it’s a healthy pause before further up move. Traders can accumulate fresh long in the given range.

8/08/2017 4:06:38 PM | Posted in Broking Firm Views - Short Term Report read full news
Buy Bharat Forge Ltd For Target Rs.1,235.00 - Choice India

* The stock has been trading as per momentum triple pattern theory in all time frames such as daily, weekly & monthly chart which signifies of a trend remains bullish.

* On a daily chart, the stock has taken a support of its 20 days exponential moving average and forming a hammer like a candlestick pattern which indicates a robust upside move in the counter.

* Moreover,

8/08/2017 3:20:26 PM | Posted in Broking Firm Views - Short Term Report read full news
Sell Glenmark Pharmaceuticals Ltd For Target Rs.670.00 - Religare Sec

Glenmark Pharmaceuticals Limited

GLENMARK has been under pressure from couple of months. Currently, it has been facing hurdles of multiple moving averages on daily chart. Considering its chart pattern, we believe using any technical bounce traders can initiate fresh short in the given range.

8/08/2017 11:27:12 AM | Posted in Broking Firm Views - Short Term Report read full news

Buy LIC Housing Finance Ltd For Target Rs.725.00 - Religare Sec

LIC Housing Finance Limited

After a decent correction from its 52 week high, LICHSGFIN has found support around 665 levels on daily chart. Keeping in mind its overall trend, we believe it is a normal profit booking and soon it will rebound strongly from its price support zone. Hence, traders shouldn’t miss this opportunity and accumulate fresh lo

8/08/2017 11:23:50 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy Havells India Ltd For Target Rs. 570.00 - Choice India

*  Havells India Ltd is one of the largest electrical equipment companies in India. Founded in 1983, the company has products ranging from home and kitchen appliances, lighting for domestic, commercial and industrial applications, LED lighting, fans, modular switches and wiring accessories, water heaters, industrial and domestic circuit protection switchgear, industrial and domestic cables

7/08/2017 4:51:21 PM | Posted in Broking Firm Views - Short Term Report read full news
Buy Sobha Ltd For Target Rs.410.00 - Choice India

*  On a daily chart, the stock is forming closing price reversal bar pattern after three black crows bearish candlestick pattern which suggests price may move to northward direction.

*  Moreover, the stock is testing a support of its 70 days exponential moving average which caused for the bounce back move in the past.

*  A daily momentum indicator RSI is trend

7/08/2017 4:42:00 PM | Posted in Broking Firm Views - Short Term Report read full news
Buy Hindustan Unilever Ltd For Target Rs.1230.00 - Choice India

*  On a daily chart, the stock has been trading at an all-time high level and it seems that it can be continued for near future as momentum dynamics has shifted to a new zone and the stock has reached to its uncharted territory.

*  Moreover, the stock is giving a breakout of its past two weeks of range bound move which indicates a robust upside move in the counter.

7/08/2017 4:31:43 PM | Posted in Broking Firm Views - Short Term Report read full news
Derivative Ideas Bajaj Auto Ltd For Target Rs.3000.00 - Religare Sec

Derivative Ideas

BAJAJ-AUTO added around 6% of open interest as long positions along with some delivery based buying on previous trading session. It has also breached month long congestion zone on the higher side with noticeable rise in volumes. We expect it to rally till 3000 in short term. Considering the current scenario, we recommend buying BAJAJ-A

7/08/2017 12:21:51 PM | Posted in Broking Firm Views - Short Term Report read full news
Sell Bharat Heavy Electricals Ltd For Target Rs.130 - Religare Sec

Bharat Heavy Electricals Limited (BHEL)

After a sharp decline, BHEL has recovered marginal of late but failed to cross its resistance zone of multiple moving averages on daily chart and posted a fresh breakdown on daily chart. Use any bounce to go short in the given range.

7/08/2017 12:19:22 PM | Posted in Broking Firm Views - Short Term Report read full news

Buy Asian Paints Ltd For Target Rs.1220 - Religare Sec

Asian Paints Limited (ASIANPAINT)

ASIANPAINT has been consolidating in a broader range for almost two months near to its short term and medium term moving averages on daily chart. At current juncture, it has formed a fresh buying pivot and likely to witness breakout in near future. Traders can create fresh longs in the given range.

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          <footer class= 7/08/2017 12:14:53 PM | Posted in Broking Firm Views - Short Term Report read full news

Derivative Ideas For Nifty - Religare Securities Ltd

*  Nifty futures volume weighted average price (VWAP) is at 10040 and Banknifty futures is at 24830.

*  Put writing was seen at Nifty 10000 strike and call buying (unwinding by writers) was seen at 10200 & 10100 strikes.

*  Maximum positions are at 10500 CE and 10000 PE. Nifty is expected to be in the range of 9800-10200.

*  Oil & Gas, C

5/08/2017 3:42:45 PM | Posted in Broking Firm Views - Short Term Report read full news
Buy Bajaj Auto Ltd For Target Rs.3000.00 - Religare Sec

Strategy:-

BAJAJ-AUTO added around 6% of open interest as long positions along with some delivery based buying on previous trading session. It has also breached month long congestion zone on the higher side with noticeable rise in volumes. We expect it to rally till 3000 in short term. Considering the current scenario, we recommend buying BAJAJ-AUTO A

5/08/2017 3:32:33 PM | Posted in Broking Firm Views - Short Term Report read full news