Buy PC Jeweller Ltd For Target Rs.300.00 - Religare Sec

*  After hitting a record high in the passing month, PCJEWELLERS has witnessed a marginal correction from its top.

*  Currently, it’s hovering in a narrow range near its support zone of short term moving averages on daily chart, indicates a pause prior to further up move.

*  We advise traders should use this phase to accumulate fresh long in the given ra

5/08/2017 3:27:57 PM | Posted in Broking Firm Views - Short Term Report read full news
Buy Bata India Ltd For Target Rs.700.00 - Religare Sec

*  After a slide from its record high i.e from the levels of 748 to 400 mark, BATAINDIA has undergone a consolidation phase in a broader range for almost a year. This consolidation phase has led to the formation of “Inverted Head and Shoulder Pattern” on weekly chart, which act as continuation pattern if forms within a trend.

*  Recently, it has posted a breakout

5/08/2017 3:13:17 PM | Posted in Broking Firm Views - Short Term Report read full news
Buy Karnataka Bank Ltd For Target Rs.180.00 - Religare Sec

Investment Rationale

*  Incorporated in 1924, Karnataka Bank (KTK) is one of the oldest private sector banks with a strong regional presence in the Karnataka State. The bank has transformed itself towards higher retail book which is expected to drive growth in profitability. Karnataka state continues to remain the Bank's major business area.<

5/08/2017 10:42:36 AM | Posted in Broking Firm Views - Short Term Report read full news
Update On KEC International Ltd For Target Rs.335.00 - Reliance Se

STOCK IN FOCUS

EQUITY INDICES Intraday Picks OIL INDIA LTD (PREVIOUS CLOSE: 285) BUY For today’s trade, long position can be initiated at around Rs284 for the target of Rs295 and with a strict stop loss of Rs278. RBL BANK LTD (PREVIOUS CLOSE: 517) SELL For today’s trade, short position can be initiated at around Rs520 for t

4/08/2017 4:50:37 PM | Posted in Broking Firm Views - Short Term Report read full news
Buy Pidilite Industries Ltd For Traget Rs.909.00 - Reliance Se

STOCK IN FOCUS

*  Pidilite closed 0.5% up in trade today at Rs800 compared to 0.3% fall in the benchmark Nifty.

*  The company has reported a subdued performance in 1QFY18 on the backdrop of GST rollout with flat volumes.

*  Although the headline performance was muted, we consider it transient in nature as revenues su

4/08/2017 1:42:47 PM | Posted in Broking Firm Views - Short Term Report read full news
Derivative Ideas Indian Oil Corporation Ltd For Target Rs. 415.00 - Religare Sec

Derivative Ideas

IOC added around 12.40% of open interest as fresh long positions. On charts, it has rebounded from historical price support of 366 and 200 EMA support of 367 levels on daily charts. It has also registered trend-line breakout on daily charts with strong volumes. We expect it to rally till 415 levels in short term. Hence, we recommend bu

4/08/2017 12:33:26 PM | Posted in Broking Firm Views - Short Term Report read full news
Buy Mahanagar Gas Ltd For Target Rs.1050.00 - Religare Sec

Mahanagar Gas Limited (MGL)

MGL has posted a breakout today from its trading range i.e. 980-1005 on daily chart. Keeping in mind its overall chart pattern, we expect strong surge ahead so traders can initiate fresh longs in the given range.

4/08/2017 12:20:27 PM | Posted in Broking Firm Views - Short Term Report read full news

Derivative Ideas Bharat Heavy Electricals Ltd For Target Rs.9.00 - Religare Sec

Derivative Ideas

BHEL

added around 9% of open interest as short positions. Daily vwap is around 142.60 levels. It has also created a fresh selling pivot on daily charts, and it is also trading below its long term as well as medium term moving averages on same time frame. Hence, we recommend buying BHEL 140 PE as per levels g

3/08/2017 11:53:32 AM | Posted in Broking Firm Views - Short Term Report read full news
Sell Union Bank of India For Target 138.00 - Religare Sec

Union Bank of India (UNIONBANK)

Mostly PSU banks are still trading under pressure and UNIONBANK is no exception. In fact it has witnessed a fresh breakdown from its support zone of multiple moving averages on daily chart. We advise traders to initiate fresh shorts in the given range.

3/08/2017 11:49:29 AM | Posted in Broking Firm Views - Short Term Report read full news

Buy Escorts Ltd For Target 720.00 - Religare Sec

Escorts Limited (ESCORTS)

ESCORTS has swiftly rebounded after retesting its support zone around 630 level of late. It was a healthy retracement from its record high, offering fresh opportunity to enter. Traders can use any dip in the given range to go long.

3/08/2017 11:46:43 AM | Posted in Broking Firm Views - Short Term Report read full news

Derivative Ideas Tata Steel Ltd For Target Rs.586.00 - Religare Sec

Derivative Ideas

TATASTEEL has seen fresh long buildup in Aug futures. Put writing seen at 570 strike and good call option buying was seen at 580 strike. We expect the scrip to rally towards 586 in the short term.

 

Strategy:

BUY TATASTEEL AUG@570, SLOSS AT 562,TARGE

2/08/2017 11:17:44 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy DCB Bank Ltd For Target Rs.215.00 - Religare Sec

DCB Bank Limited

DCBBANK has been trading in a range for almost a month around its 50 day EMA on daily chart and witnessed a sharp surge today with noticeable rise in volume, indicates breakout. Traders can initiate fresh long in the given range.

2/08/2017 11:11:38 AM | Posted in Broking Firm Views - Short Term Report read full news

Technical Recommendation 1st August 2017

SCRIP NAME AND SYMBOL - Kajaria Ceramics Limited

TECHNICAL RATIONALE – KAJARIACER has rebounded strongly today i.e. 31st July from its support zone of medium term moving averages on daily chart, after consolidating in a broader range for almost two months. Considering its chart pattern, we believe a strong surge is likely in near

1/08/2017 5:06:08 PM | Posted in Broking Firm Views - Short Term Report read full news
Buy Mahanagar Gas Ltd For Target Rs.1,050.00 - Religare Sec

Mahanagar Gas Limited

MGL has been holding firmly above its medium term moving averages on daily chart. Currently, it is trading on the verge of upside breakout from its trading range 980-1004 on chart. We advise accumulating in the given range.

1/08/2017 1:47:24 PM | Posted in Broking Firm Views - Short Term Report read full news

Buy Hero MotoCorp Ltd For Target Rs.3,880.00 - Religare Sec

Hero MotoCorp Limited

After a strong rally, HEROMOTOCO has been witnessing profit booking and retraced closer to its support zone around 3600 level. The chart pattern indicates marginal consolidation followed by strong up move. Thus traders shouldn’t miss this opportunity and create fresh long in the given range.

1/08/2017 1:44:22 PM | Posted in Broking Firm Views - Short Term Report read full news

Buy Shriram Transport Finance Company Ltd For Target Rs.1,086.00 - Reliance Se

* The stock reversed after forming multiple bottom in range of 945-965 and rose to 2-week closing high

* signalling near-term turn-around.

* Positive cross-over in key technical indicators-RSI around their oversold zone is also indicating the same and coinciding with our view.

* In case of any negative surprise, its long-term moving average will save the stock from

1/08/2017 12:30:01 PM | Posted in Broking Firm Views - Short Term Report read full news
Buy Crompton Greaves Consumer Electrical Ltd For Target Rs.246.00 - Reliance Se

STOCK IN FOCUS

* CGCEL’s consumer business – which enjoys a substantial brand presence and goodwill in India – is expected sustain growth, going forward on the back of strong demand and higher outsourcing.

* The light electrical industry is poised for strong double-digit growth ahead and CGEL is well positioned with a strong

1/08/2017 12:25:50 PM | Posted in Broking Firm Views - Short Term Report read full news
Buy Bharat Forge Ltd For Target Rs.1,220.00 - Religare Sec

Bharat Forge Limited

After consolidating in a narrow range near its support zone of 50 and 100 day EMA on daily chart, BHARATFORG is now trading on the verge of breakout from the same. Further, the chart pattern along with the indicators are also pointing towards a fresh strong surge ahead

31/07/2017 11:27:39 AM | Posted in Broking Firm Views - Short Term Report read full news

Buy Hindustan Petroleum Corporation Ltd For Target Rs.395.00 - Religare Sec

Strategy:-

HINDPETRO added around 3% of open interest as fresh long positions along with some delivery based buying in previous trading session. It has also created a fresh buying pivot on intraday as well as on daily charts. It is also trading above its short term as well as long term moving averages on daily charts. Considering the recent development

29/07/2017 4:01:03 PM | Posted in Broking Firm Views - Short Term Report read full news
Derivative Ideas Nifty - Religare Sec

DERIVATIVES OUTLOOK

* Nifty futures volume weighted average price (VWAP) is at 10050 and Banknifty futures is at 24800.

* Call writing was seen at Nifty 10500, 10400 strikes followed by 10300 & 10200 strikes.

* Maximum positions are at 10500 CE and 9800 PE. Nifty is expected to be in the range of 9800-10200.

* Realty,

29/07/2017 3:55:56 PM | Posted in Broking Firm Views - Short Term Report read full news