Buy Tata Chemical Ltd For Target Rs.31.00 - Religare Sec

Derivative Ideas

TATACHEM added around 2.60% in open interest as long buildup was seen in it in previous session. Current chart pattern too indicate fresh surge in price. We suggest buying TATACHEM options as per levels mentioned below.

Strategy: Buy TATACHEM 730CE BETWEEN 15-16, SL-10, TGT-31.

 

8/12/2017 2:19:17 PM | Posted in Broking Firm Views - Short Term Report read full news
Buy Mahanagar Gas Ltd For Target Rs.1,220.00 - Religare Sec

Mahanagar Gas Limited

MGL was hovering in a narrow range near its support zone of moving averages for last one month and witnessed strong surge on Thursday i.e. 7th December. Finally, it settled around the day’s high with noticeable rise in volume. All indications are in the favor of up move to extend further.

 

8/12/2017 2:16:50 PM | Posted in Broking Firm Views - Short Term Report read full news
Buy Godrej Consumer Products For Target Rs.1,120.00 - Reliance Sec

STOCK IN FOCUS

* Godrej Consumer Products (GCPL) closed 2.5% higher in trade today at Rs1003 compared to 0.7% drop in the benchmark Nifty.

* GCPL is the market leader in domestic hair colour and Household insecticide segment with marquee brands like GoodKnight, Hit, Godrej Xpert and is the second largest player in the soaps market with brands

7/12/2017 4:47:36 PM | Posted in Broking Firm Views - Short Term Report read full news
Buy Dish TV India Ltd For Target Rs.89-92.00 - Reliance Sec

* The stock reversed after taking support of its daily moving averages and rose to 5-day closing high with relatively higher volume.

* Bullish cross-over in Stochastic and RSI will not only help the stock to surpass its long-term moving average 200-day, but also support it to fill May month’s negative gap.

* As per the current daily set-up, our view is positive on the

7/12/2017 2:23:07 PM | Posted in Broking Firm Views - Short Term Report read full news
Sell Marico Ltd For Target Rs.297.00 - Religare Sec

Derivative Ideas

MARICO added around 0.50% in open interest as short buildup was seen in it in previous session. Current chart pattern too indicate fresh fall in price. We suggest selling MARICO futs as per levels mentioned below.

Strategy: Sell MARICO futs BETWEEN 310-309, SL-316, TGT-297.

 

7/12/2017 1:15:56 PM | Posted in Broking Firm Views - Short Term Report read full news
Sell Bharat Heavy Electricals Ltd For Target Rs.84.00 - Religare Sec

Bharat Heavy Electricals Limited

BHEL has been struggling below the resistance zone of moving averages on multiple time frames for last several months. It has formed a fresh shorting pivot after hovering in narrow range. Traders can use any bounce in the given range to initiate fresh shorts.

 

7/12/2017 1:11:31 PM | Posted in Broking Firm Views - Short Term Report read full news

Buy PC Jewellers Ltd For Target Rs.438.00 - Religare Sec

PC Jeweller Limited

After a marginal profit taking from its record high of late, it has formed a fresh buying pivot and looks upbeat to resume the uptrend. Traders are advise to initiate fresh long positions in the given range.

 

7/12/2017 1:08:04 PM | Posted in Broking Firm Views - Short Term Report read full news

Buy Century Textiles and Industries Ltd For Target Rs.1,415.00 - Reliance Sec

* The stock is in a strong up-trend, whenever it has faced selling pressure its moving average worked as key reversal point. Yesterday, the stock had breached prior daily downtrend forming a reversal pattern – Doji with relatively higher volume (as compared to last five trading sessions).

* Oversold Stochastic is indicating that down side will be limited from here.

* T

6/12/2017 1:07:49 PM | Posted in Broking Firm Views - Short Term Report read full news
Buy J K Cement Ltd For Target Rs.1,300.00 - Reliance Sec

STOCK IN FOCUS

* J.K. Cement (JKC), a prominent North based cement company, is expected to witness healthy traction ahead due to improving utilization and favourable product mix.

*  While the stock has corrected by ~10% following the ban on petcoke usage imposed by the Supreme Court in the last month, we expect risk reward is favourable

6/12/2017 1:03:01 PM | Posted in Broking Firm Views - Short Term Report read full news
Buy Petronet LNG Ltd For Target Rs.12.00 - Religare Sec

Derivative Ideas

PETRONET is in short term down trend and testing it’s immediate resistance around 250. Current chart pattern indicate fresh fall in price. We suggest buying PETRONET options as per levels mentioned below.

Strategy: Buy PETRONET 245PE BETWEEN 4-5.50, SL-2, TGT-12.

 

6/12/2017 1:00:09 PM | Posted in Broking Firm Views - Short Term Report read full news
Sell Cummins India Ltd For Target Rs.835.00 - Religare Sec

Cummins India Limited

CUMMINSIND has been trading in a sideways for past one month and failed to cross its resistance barrier of moving averages despite multiple attempts. The recent indications are pointing towards fresh fall, thus we advise traders to use any technical bounce to initiate fresh short in the given range.

 

6/12/2017 12:58:08 PM | Posted in Broking Firm Views - Short Term Report read full news
Buy Reliance Industries Ltd For Target Rs.952.00 - Religare Sec

Reliance Industries Limited

RELIANCE has rebounded today i.e. on 5th December after re-testing the support zone of short-term moving averages and looks upbeat to regain its momentum. Traders can initiate fresh long in the given range.

 

 

6/12/2017 12:54:07 PM | Posted in Broking Firm Views - Short Term Report read full news

Buy Jamna Auto Industries Ltd For Target Rs.77.00 - Choice Broking

* On the daily chart, the stock has given breakout of its recent range of 58.40 to 67 level in which its was trading since past few weeks which suggests further movement in the counter.

* Moreover, the stock has taken support of its 50 days exponential moving average which signifies positivity in the stock.

* On an hourly chart, the stock is trading above its short term as w

5/12/2017 5:26:36 PM | Posted in Broking Firm Views - Short Term Report read full news
Buy Indraprastha Gas Ltd For Target Rs.365.00 - Reliance Sec

* The stock witnesses sharp decline post a corporate action (stock split), where its medium-term moving average 50-day EMA worked as key reversal point and helped it to recover prior damages. Later, the stock moved further higher and record new life-time-high.

* Rise in the key technical indicators-RSI and MACD post their bullish cross-over is signaling strength in the stock.

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5/12/2017 2:36:44 PM | Posted in Broking Firm Views - Short Term Report read full news
Positive On KEC International Ltd For Target Rs.372.00 - Reliance Sec

STOCK IN FOCUS

* KEC International (KEC) has delivered a strong performance in 2QFY18. Despite higher commodity prices, KEC’s overall EBITDA margin expanded by 139bps YoY to 10.1% in 2QFY18 owing to absence of low-margin legacy orders in Water, Railways and Power Systems segments and execution of recently bagged better-margin orders by SAE Towers

5/12/2017 2:32:14 PM | Posted in Broking Firm Views - Short Term Report read full news
Buy Bata India For Target Rs.39.00 - Religare sec

Derivative Ideas

BATAINDIA added around 2.5% in open interest as short buildup was seen in it in previous session. Current chart pattern too indicate fresh fall in price. We suggest buying BATAINDIA options as per levels mentioned below.

Strategy: Buy BATAINDIA 720PE BETWEEN 18-19, SL-10, TGT-39.

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5/12/2017 2:28:10 PM | Posted in Broking Firm Views - Short Term Report read full news
Sell ICICI Bank Ltd For Target Rs.296.00 - Religare Sec

ICICI Bank Limited

After making a record high, ICICIBANK has been witnessing profit booking for past almost one month or so and indications are in the favour of further slide. We advise traders to create fresh short in the given range.

 

5/12/2017 2:26:24 PM | Posted in Broking Firm Views - Short Term Report read full news

Derivatives Ideas For NIfty Future - Religare Sec

DERIVATIVES OUTLOOK

* Nifty futures volume weighted average price (VWAP) is at 10350 and BankNifty futures is at 25500.

* Call writing was seen at Nifty 10300 strike and Put writing was seen at Nifty 9900 strikes.

* Maximum positions are at 10500 CE and 10000 PE. Nifty is expected to be in the range of 9950-10400.

* Media

4/12/2017 4:25:59 PM | Posted in Broking Firm Views - Short Term Report read full news
Sell Tata Elxsi Ltd For Target Rs.820 -790.00 - Reliance Sec

*  The stock reversed after facing resistance of its upper band of the rising channel and slipped to 2-week closing low thereafter.

* Due to recent decline, the key technical indicators have given bearish cross-over and moved further down. ff In the past, when the stock had formed identical pattern and cross-over on the daily chart, it had witnessed 15-20% decline from that peak

4/12/2017 2:16:29 PM | Posted in Broking Firm Views - Short Term Report read full news
Buy Pidilite Industries Ltd For Target Rs.941.00 - Reliance Sec

STOCK IN FOCUS

* Pidilite Industries closed 1.5% up in trade today at Rs855 compared to 1% fall in the benchmark Nifty.

* The company is a dominant player in India’s adhesives & sealants and construction chemicals industry with iconic brands like Fevicol, M-Seal, Fevikwik and Dr. Fixit.

* Unmatched market leadership in und

4/12/2017 1:20:51 PM | Posted in Broking Firm Views - Short Term Report read full news
Buy Petronet LNG Ltd For Target Rs.18.00 - Religare Sec

Derivative Ideas

PETRONET added around 10% in open interest as short buildup was seen in it in previous session. Current chart pattern too indicate fresh fall in price. We suggest buying PETRONET options as per levels mentioned below.

Strategy: Buy PETRONET 250PE BETWEEN 7-8, SL-4, TGT-18.

 

4/12/2017 1:17:09 PM | Posted in Broking Firm Views - Short Term Report read full news
Sell Dr. Reddy`s Laboratories Ltd For Target Rs.2,125 - Religare Sec

Dr. Reddy's Laboratories Limited

DRREDDY has formed a fresh shorting pivot after multiple failed attempts to cross the resistance zone of medium and short-term averages on daily chart. We suggest using any technical bounce in the given range to initiate fresh shorts.

 

4/12/2017 1:14:45 PM | Posted in Broking Firm Views - Short Term Report read full news