Derivative Ideas For Nifty - Religare Sec

DERIVATIVES OUTLOOK

*  Nifty May futures volume weighted average price (VWAP) is at 9310 and Banknifty futures is at 22250.

*  Nifty and Banknifty futures closed with premium of around 30 & 42 points respectively.

*  Nifty call writing was seen at 9400 & 9300 strikes and put buying (unwinding by writers) was s

6/05/2017 4:24:52 PM | Posted in Broking Firm Views - Short Term Report read full news
Buy NCC Ltd For Target Rs.115.00 - Religare Sec

Investment Rationale

*  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.

*  The government has allocated ~USD375bn in infra

6/05/2017 4:09:11 PM | Posted in Broking Firm Views - Short Term Report read full news
Buy Hindustan Unilever Ltd For Target Rs.1,020.00 - Religare Sec

Hindustan Unilever Limited

* 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

6/05/2017 12:08:44 PM | Posted in Broking Firm Views - Short Term Report read full news
Buy DLF Ltd For Target Rs.215.00 - Religare Sec

DLF Limited

* After prolong corrective phase, DLF witnessed breakout from a reversal pattern in the passing month and surged almost vertically from 130 to 190+ levels.

* It is now hovering in a narrow range which indicates a pause prior to further up move.

* Traders should use this phase to accumulate fresh in the given range.

6/05/2017 12:04:11 PM | Posted in Broking Firm Views - Short Term Report read full news
Buy ITC Ltd For Target Rs.301.00 - Reliance Se

STOCK IN FOCUS

* ITC Closed 1.3% up in trade today at Rs281compared to 0.5% increase in benchmark Nifty.

* We expect ITC to benefit from increased clarity in GST regime as tax outgo is not expected to change substantially from the current levels.

* Increase salience of DSFT cigarettes and strong pricing power would aid growth in vol

5/05/2017 12:24:14 PM | Posted in Broking Firm Views - Short Term Report read full news
Derivative Ideas Banknifty For Target Rs.80.00 - Religare Sec

Derivative Ideas

BANKNIFTY Futures have seen fresh long build up in yesterday’s trade. Huge call buying also witnessed at 23000 strike. We expect bank nifty to rally all the way till around 23100 in the short term.

 

Strategy:

BUY Banknifty 11 may

5/05/2017 12:18:59 PM | Posted in Broking Firm Views - Short Term Report read full news
Buy Voltas Ltd For Target Rs.445.00 - Religare Sec

Voltas Limited

VOLTAS has registered fresh breakout from a month long consolidation range and made a new all time high today i.e. 04th May. The chart pattern along with indicators are pointing towards strong surge ahead.

5/05/2017 12:14:57 PM | Posted in Broking Firm Views - Short Term Report read full news

Buy SRF Ltd For Target Rs.1,850.00 - Religare Sec

SRF Limited

After the initial surge post breakout from the “triangle pattern”, SRF has retraced marginally of late due to profit taking, offering a fresh opportunity to create long positions.

5/05/2017 12:08:56 PM | Posted in Broking Firm Views - Short Term Report read full news
Buy Escorts Ltd For Target Rs.600.00 - Reliance Se

* Escorts continued prior daily uptrend and settled the session at the life-time-high.

* Key technical indicators-Stochastic and RSI are positively poised and signaling strength in the stock.

* As per the current daily set-up, we believe that the stock is in strong uptrend and will keep recording new highs.

* In case of any decline, its short-term moving average 20

4/05/2017 12:21:06 PM | Posted in Broking Firm Views - Short Term Report read full news
Buy Federal Bank Ltd For Target Rs.5,916.00 - Reliance Se

STOCK IN FOCUS

* Federal Bank has surprised the market for another successive quarter by delivering strong growth in operating profit and loan book in 4QFY17.

* The Bank showed greater resilience on asset quality front with its gross and net NPAs remaining within the Management’s comfort zone.

* With moderation in fresh slippa

4/05/2017 12:13:57 PM | Posted in Broking Firm Views - Short Term Report read full news
Derivative Ideas Lupin Ltd For Target Rs.1,340.00 - Religare Sec

Derivative Ideas

PHARMA as a sector underperformed nifty for last three month. For current month, we feel downside might be limited in pharma space. LUPIN made an intraday low of 1270-1272 which was the vwap of accumulation previously. We are expecting lupin to respect the support of 1240-1235 levels and bounce towards

4/05/2017 12:10:05 PM | Posted in Broking Firm Views - Short Term Report read full news
Buy Power Grid Corporation of India Ltd For Target Rs.220.00 - Religare Sec

Power Grid Corporation of India Limited

After consolidating near its record high, POWERGRID has registered a fresh breakout supported by decent rise in volume. The current chart pattern along with confirmation indicators are pointing towards strong surge ahead. Any intermediate dip can be considered for initiating fresh long positions.

4/05/2017 12:06:24 PM | Posted in Broking Firm Views - Short Term Report read full news
Buy Jubilant Foodworks Ltd For Target Rs.1,160.00 - Religare Sec

Jubilant Foodworks Limited

JUBLFOOD, after retracing to the support zone of multiple moving averages on daily chart, has formed a fresh buying pivot after consolidating in a narrow range. And, it now looks upbeat for fresh surge in near future so traders can accumulate in the given range.

4/05/2017 12:01:51 PM | Posted in Broking Firm Views - Short Term Report read full news

Technical Recommendation 3rd May 2017

SCRIP NAME AND SYMBOL - Engineers India Limited (ENGINERSIN)

TECHNICAL RATIONALE – After consolidating for almost a week, ENGINERSIN has formed a fresh buying pivot at current juncture, indicating buyer’s interest. Hence we advocate buying this stocks as per the given levels.

3/05/2017 4:32:24 PM | Posted in Broking Firm Views - Short Term Report read full news

Buy Jubilant FoodWorks Ltd For Target Rs.503.00 - Reliance Se

* The stock has seen good consolidation with positive price action after forming a bottom at sub 1000 levels (38.2% retracement of entire move from 760 to 1130) levels.

* 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 above its short term averages confirming the u

3/05/2017 3:20:43 PM | Posted in Broking Firm Views - Short Term Report read full news
Buy GlaxoSmithKline Consumer Healthcare Ltd For Target Rs.5,916.00 - Reliance Se

STOCK IN FOCUS

* GlaxoSmithKline Consumer Healthcare closed 1.4% up in trade today at Rs5,188 vs. 0.1% rise in benchmark Nifty.

* GSK Consumer is the market leader in health food drinks industry with market share of 70%. With its flagship brands Horlicks and Boost, it has successfully fend off competition from likes of Heinz and Mondelez.

3/05/2017 3:10:05 PM | Posted in Broking Firm Views - Short Term Report read full news
Derivative Ideas Titan Company Ltd For Target Rs.505.00 - Religare Sec

Derivative Ideas

TITAN added around 3.6% of open interest as fresh long positions. Daily vwap is around 484 levels. On charts, it has created a fresh buying pivot on daily charts and also trading in higher highs and higher lows formation above short term as well as long term moving averages on charts. We recommend buyin

3/05/2017 2:18:22 PM | Posted in Broking Firm Views - Short Term Report read full news
Buy Bharat Petroleum Corporation Ltd For Target Rs.785.00 - Religare Sec

Bharat Petroleum Corporation Limited

 After consolidating near its record high for 11 trading sessions, BPCL has witnessed fresh buying on May 2, 2017 and trading on verge of resistance breakout from the congestion zone of last 12 trading sessions or so. Its current chart pattern are indicating fresh surge ahead. Traders are advised to initiate lo

3/05/2017 2:05:30 PM | Posted in Broking Firm Views - Short Term Report read full news
Buy Tata Motors Ltd For Target Rs.503.00 - Reliance Se

* The stock is consolidating after forming bottom at Rs430 with positive price action in the past few days, confirming an uptrend.

* The key technical indicators also reversed from their lower levels and the stock has closed above its short term averages.

* The stock has strong support on its weekly charts holding the short and medium term averages and the positive divergenc

2/05/2017 12:31:12 PM | Posted in Broking Firm Views - Short Term Report read full news
Buy Hindustan Zinc Ltd For Target Rs.301.00 - Reliance Se

STOCK IN FOCUS

* Hindustan Zinc Ltd (HZL) closed ~1% higher backed by 1.1x its 2-week average traded volume and outperforming the broader indices

* The company recently announced its 4QFY17 results and delivered the best ever quarterly performance primarily on account of record mined metal volume and strong zinc prices

* Its EBITDA

2/05/2017 12:25:36 PM | Posted in Broking Firm Views - Short Term Report read full news
Derivative IRB Infrastructure Developers Ltd For Target Rs.275.00 - Religare Sec

Derivative Ideas

IRB added around 3% of open interest as long positions. On charts, it is trading on verge of resistance breakout from the congestion zone of last three years. It is also trading above its long term as well as short term moving averages on daily charts. We recommend doing a covered call in IRB as per lev

2/05/2017 12:20:38 PM | Posted in Broking Firm Views - Short Term Report read full news