Buy Ambuja Cements Ltd For Target Rs.275.00 - Reliance Sec

STOCK IN FOCUS

* Ambuja Cements (ACL) surged over ~2% in Wednesday’s trade on the anticipation of favourable announcements to be made in upcoming Budget 2017-2018, which may aid demand recovery

* Though 4QCY16 result will be subdued, group restructuring and likely enhancement in operating synergies augur well for ACL in the long-term.

27/01/2017 10:35:16 AM | Posted in Broking Firm Views - Short Term Report read full news
Derivative Ideas Indraprastha Gas Ltd For Target Rs.960.00 - Religare Sec

IGL added around 17% of open interest as long positions. It has rolled 67% into Feb series. On chats, it is trading on verge breakout from congestion zone of last 20 trading sessions or so. We suggest buying IGL Feb futures as per levels given below.

 

Strategy—

BUY IGL FEB FUTS BETWEEN 932-934, SL 920, SL 960.

27/01/2017 9:40:09 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy Kansai Nerolac Paints Ltd For Target Rs.380.00 - Religare Sec

Kansai Nerolac Paints Limited

KANSAINER has formed “Inverted Head and Shoulder” pattern on daily chart, it is a bullish reversal pattern. It also attracted decent volume at the time of neckline breakout, indicating bullish bias ahead.

 

Recommendation

Buy Kansai Nerolac Pai

27/01/2017 9:37:11 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy Century Textiles & Industries Ltd For Target Rs.920.00 - Religare Sec

Century Textiles & Industries Limited

CENTURYTEX has consolidated lot near its 100 EMA and now it’s current chart pattern suggests it is set for fresh breakout. Hence, we advocate buying in mentioned range.

 

Recommendation

Buy Century Textiles & Industries Limited  

27/01/2017 9:33:45 AM | Posted in Broking Firm Views - Short Term Report read full news
Derivative Ideas Motherson Sumi Systems Ltd For Target Rs.350.00 - Religare Sec

MOTHERSUMI added around 40% of open interest as fresh long positions. It has rolled 48% into next contract so far. On charts, it is trading on verge of resistance breakout from the congestion zone of last four months or so. We suggest buying Feb futures as per levels given below.

 

Strategy:

BUY MOTHERSUMI FEB FUTS BETWEEN 330

25/01/2017 10:39:58 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy Oil & Natural Gas Corporation Ltd For Target Rs.218.00 - Religare Sec

Oil & Natural Gas Corporation Limited

ONGC is in long-term up trend, firmly trading near its 52-week high. It is among the few large-cap stocks which were not impacted by the demonetization of currency notes and kept their overall bullish trend intact. At current juncture, it is set for fresh breakout on daily chart. Hence, we recommend buying in t

25/01/2017 10:37:59 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy Petronet LNG Ltd For Target Rs.400.00 - Religare Sec

Petronet LNG Limited

From past two weeks, PETRONET is consolidating just above its 100 EMA support, which is a positive development. And, is also set for fresh breakout from “Triangle” pattern on weekly chart. All this goes to show bullish bias is here to last.

 

Recommendation

25/01/2017 10:34:20 AM | Posted in Broking Firm Views - Short Term Report read full news
Technical Recommendation 24th January 2017

SCRIP SYMBOL - INDUSNINDBK

TECHNICAL RATIONALE – INDUSNINDBK, after the recent surge, has taken a pause and currently consolidating around the record high. Its chart pattern and overall positivity in banking space indicates possibility of fresh breakout in near future. Traders should use this phase to accumulate in the given range.

24/01/2017 5:20:09 PM | Posted in Broking Firm Views - Short Term Report read full news
Sell Mahindra & Mahindra Ltd For Target Rs.1140 .00 - Reliance Sec

Technical Research

* The stock slipped to three week low post giving break-down from Rs1200.

* RSI once again reversed from sub-55 level and currently trading below its average, which is signaling lack of strength in the stock.

* Negative cross-over in MACD & fall in Histogram is also in favor of probable decline.

* We

24/01/2017 11:00:24 AM | Posted in Broking Firm Views - Short Term Report read full news
Derivative Ideas Biocon Ltd For Target Rs.1045.00 - Religare Sec

BIOCON added around 5.7% of open interest as fresh long positions. Put writing was seen at 980 strike. It has rolled around 33% into February series. On charts, it has formed a buying pivot on daily charts. We suggest doing a covered call strategy as per levels given below.

 

Strategy:

BUY BIOCON FEB FUTS BETWEEN 995-1000 &

24/01/2017 10:55:12 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy KEC International Ltd For Target Rs.170.00 - Reliance Sec

STOCK IN FOCUS

* KEC International closed 1.8% higher in trade on Monday.

* We are positive on the stock due to its Diversified business model with global reach, Margin improvements ahead, legacy orders nearing completion & Order inflow traction to remains intact.

* The company has seen improved traction in T&D business, bot

24/01/2017 10:38:43 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy Hindalco Industries Ltd For Target Rs.192.00 - Religare Sec

Hindalco Industries Limited

Yesterday, i.e. 23rd January, it posted fresh breakout from rectangle pattern on intraday chart. It is a continuation chart pattern indicating bullish bias to persist when formed at northward facing chart.

 

Recommendation

Buy Hindalco Industries Limited&nbs

24/01/2017 10:35:10 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy Bajaj Finance Ltd For Target Rs.1020.00 - Religare Sec

Bajaj Finance Limited

BAJFINANCE has shown good amount of recovery from demonetization impact. Post consolidating just above its 200 EMA on daily chart, it is all set for fresh breakout above its 100 EMA trading zone as well. Considering its current chart pattern, we strongly believe it is head higher in the near–term.

 

24/01/2017 9:38:05 AM | Posted in Broking Firm Views - Short Term Report read full news
Accumulate PTC India Financial Services Ltd For Target Rs.50.00 - Religare Sec

Investment Rationale

* PTC India Financial Services (PFS) is a non-banking finance company promoted by PTC India (60% stake). PFS has been granted the status of Infrastructure Finance Company by RBI. It offers wide range of debt and equity linked financing products meeting the financing needs of power projects and is exclusively devoted to power secto

21/01/2017 10:38:11 AM | Posted in Broking Firm Views - Short Term Report read full news
Derivative Ideas For Nifty - Religare Sec

DERIVATIVES OUTLOOK

* Nifty Jan futures volume weighted average price (VWAP) is at 8250 and Banknifty futures is at 18400.

* Call writing was seen at 8400 & 8450 strike, some put buying (unwinding by writers) was seen at 8400 & 8300 strike and put writing was seen at 8200 strike. Highest positions are at 8000 PE and 8500 CE.

21/01/2017 10:18:12 AM | Posted in Broking Firm Views - Short Term Report read full news
Derivative Ideas Maruti Suzuki India Ltd For Target Rs.5850.00 - Religare Sec

MARUTI added around 5.1% of open interest as fresh long positions. It is trading above 50/100/200 EMAs in higher highs higher lows formation on daily charts. It is also trading on verge of congestion zone breakout on intraday charts. We recommend buying MARUTI Jan futures as per levels given below.

 

Strategy:

BUY MARUTI JAN FU

20/01/2017 10:45:48 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy Bharti Airtel Ltd For Target Rs.335.00 - Reliance Sec

Technical Research

* The stock has made a double bottom at sub 290 levels with positive price action; we have observed strong volumes holding the short and medium term averages confirming the positive trend.

* Stochastic & RSI are also coinciding with our view, as both the indicators are in bullish mode.

* However in case of maj

20/01/2017 10:44:06 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy Hindalco Industries Ltd For Target Rs.196.00 - Religare Sec

Hindalco Industries Limited

HINDALCO is trading near its 52-week highest levels, above its important long and medium-term averages on daily chart (200/100 EMA’s). Its current chart pattern clearly revels it is set for fresh break towards higher levels. Hence, we recommend buying in mentioned range.

 

Recomm

20/01/2017 10:38:28 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy Federal Bank Ltd For Target Rs.100.00 - Reliance Sec

STOCK IN FOCUS

* Federal Bank has surprised the market by reporting strong growth on both profitability as well as loan book fronts in 3QFY17. Despite demonetization its net profit grew by 26.4% yoy & 2.2% qoq to Rs2.1bn during the last quarter.

* The bank witnessed 362bps jump in CASA ratio led by the 24% qoq growth in current deposits a

20/01/2017 10:35:05 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy Aditya Birla Nuvo Ltd For Target Rs.1360.00 - Religare Sec

Aditya Birla Nuvo Limited

ABIRLANUVO was consolidating just above the confluence zone of its 50/100 EMA’s on daily chart. Breakout from this range was witnessed on 18th January and yesterday, it was seen consolidating around that zone. All this indicates bullish bias to continue ahead as well.

 

Recommendat

20/01/2017 9:38:24 AM | Posted in Broking Firm Views - Short Term Report read full news
Derivative Ideas Hindustan Petroleum Corporation Ltd For Target Rs.510.00 - Religare Sec

HINDPETRO added around 2% of open interest as fresh long positions along with some delivery based buying. It is trading in higher highs—higher lows formation above 50/100/200 EMA on daily charts. it has also created a fresh buying pivot on intraday charts. we recommend buying HINDPETRO Jan futures as per levels given below.

 

Strategy:

19/01/2017 10:45:03 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy Ambuja Cements Ltd For Target Rs.275.00 - Reliance Sec

STOCK IN FOCUS

* Ambuja Cements (ACL) surged over ~3% in yesterday’s trade on the backdrop of anticipated demand recovery in coming months and wide valuations gap against peers.

* Though 4QCY16 result will be subdued, group restructuring and likely enhancement in operating synergies augur well for ACL in the long-term.

* Notab

19/01/2017 10:43:11 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy Motherson Sumi Systems Ltd For Target Rs.355.00 - Religare Sec

Motherson Sumi Systems Limited

MOTHERSUMI is trading above its 50/100/200 EMA’s on daily chart, further it is forming a Pennant pattern, though distorted at the moment. Break out from the same can take it to higher levels. Hence, we recommend buying in the mentioned range.

 

Recommendation

19/01/2017 10:40:36 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy Pidilite Industries Ltd For Target Rs.678-682 - Reliance Sec

Technical Research

* The stock has made a strong bottom in the last few weeks at 570 with strong volumes and positive price action 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 near its short term

19/01/2017 10:36:56 AM | Posted in Broking Firm Views - Short Term Report read full news