Buy Ashok Leyland Ltd For Target Rs.92.00 - Religare Sec

Ashok Leyland Limited

Post trading sideways in narrow range, between its 100/200 EMA’s on daily chart, ASHOKLEY posted fresh breakout on Wednesday and settled near the day’s top on back of better than average volume, indicating buyer’s interest at current levels.

 

Recommendation

19/01/2017 10:32:52 AM | Posted in Broking Firm Views - Short Term Report read full news
Derivative Ideas Nifty For Target Rs.270.00 - Religare Sec

NIFTY—We expect Nifty to be in 8280-8540 range till Jan expiry, and a swing of around 220 points due to the union budget event. Due to the event, (delta) rate of Feb premium, to nifty movement will be intact and since Jan expiry is on 25th, 8400 call and put option might lose/fade premium eventually in next 3-6 days. Vix is likely to be in 13.8-22.8 levels.

 

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18/01/2017 11:07:21 AM | Posted in Broking Firm Views - Short Term Report read full news
Sell Indraprastha Gas Ltd For Target Rs. 875-870 - Reliance Sec

Technical Research

* The stock is making lower tops after forming a 52 week high at 960 attempting to break down below the short term averages.

* The key technical indicators and RSI has also reversed turning downwards and as the stock is in poised for a breakdown from current levels.

* The weekly doji and hanging man pattern on the

18/01/2017 11:05:44 AM | Posted in Broking Firm Views - Short Term Report read full news
Sell Bharti Infratel Ltd For Target Rs.330.00 - Religare Sec

Bharti Infratel Limited

INFRATEL is facing resistance from its 100 EMA which is placed nearby on daily chart around 358 levels. Moreover, it has retraced 50% of decline 396-325 levels. So, it is also acting as a resistance from where probability of decline is quite high.

 

Recommendation

18/01/2017 10:08:36 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy Skipper Ltd For Target Rs.187.00 - Reliance Sec

STOCK IN FOCUS

* Skipper is one of the world’s largest integrated transmission tower manufacturing companies, having a nameplate capacity of 200,000 MTPA. It is also one of the first companies in India to manufacture and supply 800kV transmission towers to PGCIL.

* The Company which enjoys 10-15% market share in India’s T&D st

18/01/2017 10:04:43 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy IndusInd Bank Ltd For Target Rs.1295.00 - Religare Sec

IndusInd Bank Limited

From the weekly chart, it seems that INDUSIND has formed a “W” pattern, now break out from this level (1230), would move the stock to higher levels. Further, from the daily chart too, the stock is providing bullish signals. Hence, we advocate buying in mentioned range.

 

Recommen

18/01/2017 10:00:36 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy Adani Power Ltd For Target Rs.39.00 - GEPL

Observations on daily scale – the draw-outs

• Longer term moving averages currently stand as follows: 50 DMA @ 29.25, 100 DMA @ 28.10 & 200 DMA @ 29.10 A Golden cross wherein the 50 DMA has crossed above the 200 DMA, indicating a sustainable UPTREND in medium term.

• A breakout from a long consolidation of around 19 months

17/01/2017 12:06:16 PM | Posted in Broking Firm Views - Short Term Report read full news
Buy Grasim Industries Ltd For Target Rs.900-910 - Reliance Sec

Technical Research

* The stock has consolidated well with higher bottoms in the past few days with crossover of its short and medium term averages.

* The key technical indicators and RSI are trading at the higher band confirming the up move from current levels to test its long term averages on weekly charts.

* On the higher side, th

17/01/2017 10:52:05 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy India Cements Ltd For Target Rs.165.00 - Reliance Sec

STOCK IN FOCUS

* India Cements (ICL) gained ~3% in yesterday’s trade on the expectation of healthy earnings in 3Q (on yoy basis) and widened valuations gap against peers.

* We estimate ICL to report sales volume and EBITDA growth of ~19% yoy and ~23% yoy, respectively in 3QFY17E. However, cost hardening owing to increase in fuel costs c

17/01/2017 10:44:10 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy UPL Ltd For Target Rs.760.00 - Religare Sec

UPL Limited

UPL in well placed on multiple chart frames (Daily, Weekly, Monthly). Yesterday, i.e. 16th January, it posted fresh breakout from Triangle pattern (refer chart) on daily chart. It is a continuation chart pattern suggesting bullish will persist when formed in a strong trend.

 

Recommendation

17/01/2017 10:40:40 AM | Posted in Broking Firm Views - Short Term Report read full news
Sell L&T Finance Holdings Ltd For Target Rs.90.00 - Reliance Sec

Technical Research

* The stock reversed taking support of its long-term moving average 200-day SMA, but after witnessing rise of 20% (from Rs81) it moved sideways and later slipped to one week closing low.

* We believe the stock will remain in pressure for the short-term, as fall in Stochastic & RSI from their overbought zone is signaling

17/01/2017 10:38:10 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy Bajaj Corp Ltd For Target Rs.481.00 - Reliance Sec

STOCK IN FOCUS

* In the light of demonetisation and its resultant impact on consumer demand, Bajaj Corp has reported decent set of numbers in 3QFY17.

* its net sales fell by 4.8% yoy to Rs1.9bn, while net profit grew by 17.2% yoy to Rs578mn.

* Gross margins improved by 260bps to 65.5% on the back of lower LLP and vegetable oil price

17/01/2017 10:33:20 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy Bharat Petroleum Corporation Ltd For Target Rs.715.00 - Religare Sec

Bharat Petroleum Corporation Limited

BPCL is in long-term up trend, firmly trading near its 52-week high, indicating strong trend. It is also on verge of breakout from Flag pattern on daily chart. It is a continuation pattern indicating up side move to continue when formed in an up ward facing chart.

 

Recommenda

17/01/2017 10:02:04 AM | Posted in Broking Firm Views - Short Term Report read full news
Technical Recommendation 16th January 2017

SCRIP SYMBOL - VIPIND

TECHNICAL RATIONALE – VIPIND has posted fresh breakout on daily chart today after trading sideways in a narrow range for over a week. The up move was supported by noticeable rise in volume, confirming the breakout.

 

Recommendation

Buy VIP Industries Ltd @ 1

16/01/2017 5:30:56 PM | Posted in Broking Firm Views - Short Term Report read full news
Buy Zee Entertainment Enterprises Ltd For Target Rs.515.00 - Religare Sec

Zee Entertainment Enterprises Ltd

Passing week, ZEEL posted fresh breakout after trading in a narrow range 432-465 for seven weeks. This move clearly indicates stock is in strong hands and will trade with bullish bias in the coming sessions as well.

 

Recommendation

Buy Zee Entertainme

16/01/2017 11:25:43 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy GAIL (India) Ltd For Target Rs.485.00 - Religare Sec

GAIL (India) Limited

At current juncture, GAIL is trading near its 52-week high, indicating strong trend. It is well placed on short as well as long term charts and looks set for fresh up move. Hence, we advocate buying in mentioned range.

 

Recommendation

Buy GAIL (India) Limited &nbs

16/01/2017 11:22:55 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy Arvind Ltd For Target Rs.15.00 - Religare Sec

Strategy:-

ARVIND added around 1% of open interest as fresh long positions. Daily vwap is around 365 levels. Put writing was seen at 360 levels and call buying (unwinding by writers) was seen at 370 levels. On charts, it has created a fresh buying pivot on daily charts. We suggest buying 370 CE as per levels given be-low.

 

14/01/2017 12:39:17 PM | 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 8210 and Banknifty futures is at 18200.

*  Call writing was seen at 8500 strike and put writing was seen at 8300 strike.

*  In options, highest positions are still at 8000 PE and 8400 CE.

*  Nifty is expected to be in th

14/01/2017 12:34:35 PM | Posted in Broking Firm Views - Short Term Report read full news
Accumulate JK Tyre & Industries Ltd For Target Rs.160.00 - Religare Sec

Investment Rationale

*  The company is a part of the century-old JK Organisation, one of India’s leading private sector conglomerates with a multi-product, multi-location and multi-business operations.

*  The company’s manufacturing operations comprise 12 modern plants strategically located across the country – My

14/01/2017 12:14:02 PM | Posted in Broking Firm Views - Short Term Report read full news
Derivative Ideas Castrol India Ltd For Target Rs.415.00 - Religare Sec

CASTROLIND added around 2.5% of open interest as long positions along with some delivery based buying in previous sessions. On charts, it has formed a buying pivot in daily as well as on intraday charts. We recommend buying castrolind as per levels given below.

 

Strategy:

BUY CASTROLIND JAN FUTS BETWEEN 393-396, SL 385, TARGET

13/01/2017 10:39:55 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy Tata Power Company Ltd For Target Rs.85-89 - Reliance Sec

Technical Research

* The stock rose to two and half month closing high post giving break-out from “Symmetrical Triangle” pattern.

* We believe the stock will surge in the near-term, as (i) substantial rise in volume on the break-out day and (ii) gradual rise in RSI & MACD post their positive cross-over is signaling strength in

13/01/2017 10:39:50 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy TVS Motor Company Ltd For Target Rs.418.00 - Religare Sec

TVS Motor Company Limited

TVSMOTOR is among the better placed auto stock at current juncture, trading firmly above its medium and long term averages (100/200 EMA) on daily chart. Yesterday, i.e. 12th January, it settled near the day’s top, over shadowed past couple of sessions move. All this goes to show, bullish bias will persist in the coming s

13/01/2017 10:33:27 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy DCB Bank Ltd For Target Rs.144.00 - Reliance Sec

STOCK IN FOCUS

* DCB Bank closed 1.8% higher, outperforming benchmark NIFTY by 1.5%

* The bank has demonstrated strong performance in 2QFY17 led by the robust growth in balance sheet, best in class NIM’s coupled with consistent improvement on all major assets quality parameters

* We expect the bank performance to be positively

13/01/2017 10:30:40 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

PETRONET is long term uptrend and is well placed on multiple chart frames (daily, weekly, monthly). It’s 100 EMA is placed nearby around 355 levels, it will act as immediate support if stock price stars falling. Hence, we recommend buying this stock within the mentioned range.

 

Recomme

13/01/2017 10:27:57 AM | Posted in Broking Firm Views - Short Term Report read full news