* Majesco’s stock rose by 2.4% yesterday, while the BSE Sensex was flat. While the company reported a disappointing 4QFY17, with revenue down 6.2% QoQ in USD terms, we believe underlying industry fundamentals and the key IBM partnership will enable Majesco to boost revenue growth in FY18E.
After witnessing marginal profit taking from the top, LAKSHVILAS has formed a fresh buying pivot after consolidating around the short term moving average on daily chart. Traders can accumulate fresh in the given range.
12/05/2017 2:09:55 PM|Posted in Broking Firm Views - Short Term Reportread full news
APOLLOTYRE has retraced marginal from its 52-week high due to profit booking and reached closer to its support zone around 226 levels, offering a fresh buying opportunity. Existence of multiple moving averages combined with chart formation are also pointing towards strong rebound.
12/05/2017 2:06:29 PM|Posted in Broking Firm Views - Short Term Reportread full news
BEML added around 3.5% of open interest as fresh long positions along with some delivery based buying in previous sessions. On charts, it has created a fresh buying pivot from the price support zone of 1335-1340 levels. It is also trading above 50/100/200 EMAs on daily charts. We suggest buying BEML May futures as per
AXISBANK, after spending nearly three months in 480-530 range, looks all set of fresh breakout . The chart pattern and confirmation indicators are also in line. We advocate buying in the mentioned range.
11/05/2017 1:37:32 PM|Posted in Broking Firm Views - Short Term Reportread full news
After a prolonged consolidation phase, AMARAJABAT is now trading on the verge of breakout from the resistance zone of multiple moving averages on daily chart and likely to witness strong surge ahead. Traders can accumulate fresh in the given range.
11/05/2017 1:33:03 PM|Posted in Broking Firm Views - Short Term Reportread full news
MANAPPURAM, after retracing marginal from the top has formed a fresh buying pivot on the daily chart and witnessed a swift rebound today i.e. 09th May, supported with noticeable rise in volume. We advocate fresh buying in the given range.
10/05/2017 1:48:58 PM|Posted in Broking Firm Views - Short Term Reportread full news
We reiterate our buy call on PCJEWELLER as it was not initiated on Tuesday i.e. May 9,2017. On Tuesday, it further added around 4.3% of open interest as long positions along with some delivery based buying in previous session. We suggest buying PCJEWELLER May futures as per levels given below.
HEIDELBERG has witnessed marginal profit taking and reached closer to the immediate support zone of short-term moving averages, offering fresh buying opportunity. Traders should accumulate in the given range.
After a strong up move, TORNTPOWER has witnessed a decent correction from the top and retraced closer to his immediate support zone around 216 levels. It has formed a fresh buying pivot around the same and likely to witness swift rebound from hereon.
9/05/2017 1:32:26 PM|Posted in Broking Firm Views - Short Term Reportread full news
After a prolonged consolidation, RPOWER has registered a fresh breakdown from its all the major moving averages (i.e. 200/100/50 EMA’s) on daily chart and formed a fresh shorting pivot as well. Use any technical bounce to create short positions in the given range.
8/05/2017 1:53:47 PM|Posted in Broking Firm Views - Short Term Reportread full news
CHOLAFIN added around 1.5% of open interest as fresh long positions. On charts, it has formed a bar reversal up on daily charts. it has also created a buying pivot on daily as well as on intraday charts. We suggest buying CHOLAFIN May futures as per levels mentioned below.
* NCC is one of the leading construction companies in India with strong presence across various verticals of infrastructure space like building & housing, transportation, electrical, water & environment, irrigation, railways, international, power, etc.
* Hindustan Unilever Limited (HUL) is an Indian consumer goods company based in Mumbai, Maharashtra. It is owned by Anglo-Dutch company Unilever which owns a 67% controlling share in HUL as of March 2015 and is the holding company of HUL. HUL's products include foods, beverages, cleaning agents, personal care products and