Buy Jyothy Laboratories Ltd For Target Rs.430.00 - Reliance Sec

STOCK IN FOCUS

* Jyothy Laboratories (JYL) closed 1% higher in trade today at Rs384 vs. 1.4% drop in the benchmark Nifty.

* JYL has a strong portfolio of brands like Ujala, Maxo, Exo, Margo, Henko and Pril among others in its portfolio.

* The company is focused on improving its direct distribution network and reduce dependence on wh

28/09/2017 11:52:24 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy PNC Infratech Ltd For Target Rs.146.00 - Choice Broking

* On a daily chart, we can see a bounce back move after testing a strong support at horizontal level around 133 which suggests a positive trend in the counter.

* On an hourly chart, the stock has started to trade above the 20-50-100 hours exponential moving average which may cause for a further upside move.

* A daily momentum indicator RSI reading is at 55.25 level, trending

27/09/2017 5:30:10 PM | Posted in Broking Firm Views - Short Term Report read full news
Buy Zee Entertainment Enterprises Ltd For Target Rs.555.00 - Reliance Sec

* The stock has completed its corrective phase trading near its support levels and poised for a breakout from current levels.

* The key technical indicators Stochastics and RSI have also reversed turning upwards to achieve its all time high levels in the medium term.

* The stock has multiple supports on its weekly charts trading above its short and medium term averages prote

27/09/2017 11:32:31 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy Indian Hotels Company Ltd For Target Rs.128.00 - Choice Broking

* On a daily chart, the stock has formed a Double Bottom Pattern around 110 level which is a bullish reversal pattern and may cause for a further upside movement.

* Moreover, the stock has started to trade above the 20 days exponential moving average with an increase in volume activity which shows a positivity in the counter.

* A daily momentum indicator RSI reading is at 52

26/09/2017 5:45:35 PM | Posted in Broking Firm Views - Short Term Report read full news
Sell Apollo Tyres Ltd For Target Rs.234.00 - Choice Broking

* On an hourly chart, we can see a bearish trend in the counter as 20-50-100 hourly exponential moving averages are in a declining order and the stock is trading below these averages.

* On a daily chart, the stock has breached its strong support of 100-day exponential moving average and a negative crossover of 20*50 days exponential moving averages which indicate a weakness in the cou

26/09/2017 4:08:12 PM | Posted in Broking Firm Views - Short Term Report read full news
Buy Deepak Nitrite Ltd For Target Rs.213.00 - Choice Broking

* The stock has been trading as per the momentum triple pattern theory in all the time frames such as daily, weekly & monthly chart which shows the bullish sentiments in the stock.

* On a daily chart, the stock has given a breakout of its consolidation phase after testing a strong support of its 20 days exponential moving average which indicates an upside movement in the counter.<

26/09/2017 4:04:19 PM | Posted in Broking Firm Views - Short Term Report read full news
Buy Balrampur Chini Mill Ltd For Target Rs.180.00 - Choice Broking

* On a daily chart, the stock has recovered after taking a strong support of its 100- days exponential moving average with increase in volume activity which is a positive sign.

* On an hourly chart, we can see a upward movement after a Drangonfly Doji like a candlestick which is a trend reversal signal and may cause for an upside move.

* A daily momentum indicator Stochastic

25/09/2017 4:31:43 PM | Posted in Broking Firm Views - Short Term Report read full news
Sell HDFC Ltd For Target Rs.1,630.00 - Choice Broking

* On a daily chart, the stock has given a breakdown from rising trend line constructed by joining lows of Jan’17 & July’17.

* On a monthly chart, the stock is facing a resistance at trend line formed by joining the peak of Jan’08 and March’15.

* On an hourly chart, the stock is trading well below its short and medium term averages and has also con

25/09/2017 4:25:31 PM | Posted in Broking Firm Views - Short Term Report read full news
Sell Sun TV Network Ltd For Target Rs.755.00 - Choice Broking

* On a daily chart, we can see a bearish trend after the Spinning Top Candlestick formation which suggests that the bulls are losing interest in the stock and that a reversal may be on the card.

* Moreover, the stock has breached below the 20-day exponential moving average which indicates a further downside move in the counter.

* On a weekly chart, the stock price is moving

25/09/2017 4:20:05 PM | Posted in Broking Firm Views - Short Term Report read full news
Buy HCL Technologies Ltd For Target Rs.1,020.00 - Choice Broking

* HCL Technologies is a leading global IT services company working with clients in the areas that impact and redefine the core of their businesses. Since its emergence on global landscape after its IPO in 1999, HCL has focused on 'transformational outsourcing', underlined by innovation and value creation, offering an integrated portfolio of services including software-led IT solutions,

25/09/2017 4:15:31 PM | Posted in Broking Firm Views - Short Term Report read full news
Sell Union Bank of India Ltd For Target Rs.120.00 - Reliance Sec

* Union Bank of India is in the strong downtrend, as the stock reversed after facing resistance of its 38.2% Fibonacci Retracement level of prior fall (Rs163-124) and slipped to one month low.

* Fall in the key technical indicators-Stochastic and RSI post their negative cross-over is signaling short-term weakness in the stock.

* As per the current daily set-up, we believe th

25/09/2017 12:29:43 PM | Posted in Broking Firm Views - Short Term Report read full news
Buy ITC Ltd For Target Rs.336.00 - Reliance Sec

STOCK IN FOCUS

* ITC fell 0.3% in trade today to close at Rs269 vs. 1.6% decline in the benchmark Nifty.

* The company reported decent set of numbers for 1QFY18. Although revenues fell by 0.8% YoY to Rs98.7bn, EBITDA increased by 7% YoY to Rs36.7bn and net profit grew by 7.4% YoY to Rs25.6bn.

* ITC has taken price increase of ~7% ac

25/09/2017 12:25:35 PM | Posted in Broking Firm Views - Short Term Report read full news
Derivative Ideas For Nifty - Religare Sec

DERIVATIVES OUTLOOK

* Nifty futures volume weighted average price (VWAP) is at 10000 and Banknifty futures is at 24600.

* Call writing was seen at Nifty 10000 strike and Put writing was seen at Nifty 9800 strikes.

* Maximum positions are at 10200 CE and 9900 PE. Nifty is expected to be in the range of 9850-10200.

* Pharma

23/09/2017 10:04:13 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy Genesys Ltd For Target Rs.312.00 - Choice Broking

* On a daily chart, the stock has been trading as per the Momentum Triple Pattern theory which signifies a bullish sentiments in the counter.

* Moreover, the stock has formed a strong bullish candlestick after taking a support of its 20 days exponential moving average which is a positive sign and may cause for an upside move.

* A daily momentum indicator RSI reading is at 69

22/09/2017 4:41:40 PM | Posted in Broking Firm Views - Short Term Report read full news
Buy Tata Communications Ltd For Target Rs.760.00 - Reliance Sec

* Tata Communications has retraced 27% of prior up-move (Rs570-729) and later reversed after taking support of its long-term moving average 200-SMA. 

* Steady rise in the key technical indicators- RSI and MACD is signalling strength in the stock.

* As per the current daily set-up, we believe that the stock will soon resume its northward journey and recover prior damages

22/09/2017 4:33:49 PM | Posted in Broking Firm Views - Short Term Report read full news
Buy Cyient Ltd For Target Rs.565.00 - Reliance Sec

STOCK IN FOCUS

* Cyient’s stock price rose 1.9% in yesterday’s trade, while the BSE Sensex declined by 0.1%.

* Cyient’s 1QFY18 USD revenue declined 0.3% QoQ, though core business showed a solid 3% QoQ growth, which comes on the back of a 3.3% QoQ growth in 4QFY17.

* The DNO segment saw a 1.7% QoQ USD revenue rise,

22/09/2017 4:29:44 PM | Posted in Broking Firm Views - Short Term Report read full news
Buy Eros International Ltd For Target Rs.245.00 - Choice Broking

* On a daily chart, the stock is forming a Bullish Engulfing candlestick pattern which signifies the bulls have taken control and may cause for an upward movement.

* Moreover, the stock has given a breakout of its consolidation phase and the downward sloping trend line with a bullish candlestick which indicates an upside movement in the counter.

* Furthermore, the stock has

22/09/2017 4:27:01 PM | Posted in Broking Firm Views - Short Term Report read full news
Buy HCL Technologies Ltd For Target Rs.925.00 - Choice Broking

* On an hourly chart, we can see a bounce back move after taking a support of its 100 days moving average which suggests a further upside movement in the counter.

* On a daily chart, the stock has been trading above the 20 days exponential moving average which suggests a positive trend in the counter.

* Moreover, the stock has formed a Tweezer Bottoms like a candlestick patt

22/09/2017 4:22:20 PM | Posted in Broking Firm Views - Short Term Report read full news
Derivatives Ideas HDFC Ltd For Target Rs.15.50 - Religare Secs

Derivative Ideas

HDFC added around 1% in open interest as fresh long positions with some delivery based buying in previous session. Current chart pattern too indicate fresh surge in price. We suggest buying HDFC Sep-tember call options as per levels mentioned below.

 

Strategy:

22/09/2017 9:55:33 AM | Posted in Broking Firm Views - Short Term Report read full news
Sell Union Bank of India Ltd For Target Rs.130.00 - Religare Sec

Union Bank of India

Though UNIONABNK has witnessed a marginal recovery from its support area but failed to cross the resistance zone of multiple moving averages on daily chart, resulting in formation of fresh shorting pivot. We suggest using this bounce to go short as per the levels.

22/09/2017 9:53:16 AM | Posted in Broking Firm Views - Short Term Report read full news

Buy V-Guard Industries Ltd For Target Rs.210.00 - Religare Sec

V-Guard Industries Limited

VGUARD has been consolidating while holding firmly above its support zone of short term moving averages on daily chart. Considering its chart pattern, we expect a strong surge in near future. Traders can accumulate fresh longs in the given range.

22/09/2017 9:50:26 AM | Posted in Broking Firm Views - Short Term Report read full news

Buy Delta Corp Ltd For Target Rs.221.00 - Choice Broking

* On a daily chart, the stock has been trading as per the Momentum Triple Pattern theory which signifies a bullish sentiments in the counter.

* Moreover, the stock has breached above the 50% Fibonacci Extension level of its last swing (157-199.70-184.55) which suggests the stock to move further up to 100% Fibonacci Extension level.

* A daily momentum indicator RSI reading is

21/09/2017 4:28:29 PM | Posted in Broking Firm Views - Short Term Report read full news
Buy Future Retail Ltd For Target Rs.607.00 - Choice Broking

* On a daily chart, the stock has been trading as per the Momentum Triple Pattern theory which suggests a bullish sentiments in the counter.

* Moreover, the stock has been trading with a strong support of its 20 days exponential moving average and it is forming a bullish candlestick with rise in volume activity which indicates an upside movement in the counter.

* On an hourl

21/09/2017 4:09:54 PM | Posted in Broking Firm Views - Short Term Report read full news
Sell Grasim Industries Ltd For Target Rs.1,155.00 - Choice Broking

* On a weekly chart, we can see a Shooting star candlestick formation after an upward movement which is a trend reversal pattern and may lead the stock to move in a southward direction.

* On a daily chart, the stock has given a breakout of its lower log of Rising wedge formation which is a bullish reversal pattern and indicates a downside move in the counter.

* On an hourly

21/09/2017 3:06:33 PM | Posted in Broking Firm Views - Short Term Report read full news
Sell Arvind Ltd For Target Rs.375.00 - Reliance Sec

* Arvind reversed after forming Triple Top pattern around Rs417 and later it slipped to 9-day closing low.

* Fall in the key technical indicators-Stochastic and RSI post their negative cross-over is signalling near-term weakness in the stock.

* MACD is also on the verge of negative cross-over and coinciding with our view.

* As per the current daily set-up, we belie

21/09/2017 3:01:35 PM | Posted in Broking Firm Views - Short Term Report read full news