Buy Dish TV India Ltd For Target Rs.82.00 - Religare Sec

Dish TV India Limited

Post breakout from its trading range, DISHTV has retraced considerably and currently trading around the support area of medium term moving averages on daily chart. Existence of support and chart formation are pointing towards strong rebound ahead.

 

4/12/2017 1:10:31 PM | Posted in Broking Firm Views - Short Term Report read full news

Sell KPIT Technologies Ltd For Target Rs.157.00 - Choice Broking

* On a daily chart, the stock has formed a Shooting star candlestick which is a bearish reversal formation and indicates a downside movement in the counter .

* Moreover, the stock has started to trade below its 21 days moving average which is placed at 166 . 25 level which shows a negative trend of the stock .

* Apart from this, on an hourly chart, the stock has been trading

1/12/2017 4:47:41 PM | Posted in Broking Firm Views - Short Term Report read full news
Buy Hindustan Petroleum Corporation Ltd For Target Rs.445.00 - Reliance Sec

* The stock has multiple supports at sub 400 levels and has seen positive price action in the past few days.

* The key technical indicator RSI is in oversold region and a sharp pullback cannot be ruled out from current levels.

* The stock has strong support at its 200 day averages which will hold after a sharp correction in the past few weeks.

* Thus, for today&rsq

1/12/2017 2:17:51 PM | Posted in Broking Firm Views - Short Term Report read full news
Buy Dabur India Ltd For Target Rs.381.00 - Reliance Sec

STOCK IN FOCUS

* Dabur closed 1.9% up in trade today at Rs344 vs. 1.3% drop in benchmark Nifty.

* We expect improvement in Dabur’s volume growth trajectory going forward on the back of trade stabilisation post GST rollout and benign input costs. Dabur is also expected to benefit from lower base effect of FY17.

*  Dabur d

1/12/2017 2:12:44 PM | Posted in Broking Firm Views - Short Term Report read full news
Buy IOC Ltd For Target Rs.23.00 - Religare Sec

Derivative Ideas

IOC witnessed addition of around 40 Lacs qty in open interest as strong rollover was seen in it with some delivery based buying in previous session. Current chart pattern too indicate fresh surge in price. We suggest buying IOC options as per levels mentioned below.

Strategy: Buy IOC 390CE BET

1/12/2017 12:52:36 PM | Posted in Broking Firm Views - Short Term Report read full news
Sell Reliance Infrastructure Ltd For Target Rs.418.00 - Religare Sec

Reliance Infrastructure Limited

RELINFRA has witnessed a marginal recovery of late but currently it is facing stiff resistance of moving averages around 470 mark. It made few attempts but in vain and slipped strongly thereafter. Traders can use any bounce in the given range to initiate fresh shorts.

 

1/12/2017 12:49:32 PM | Posted in Broking Firm Views - Short Term Report read full news

Buy Bharti Airtel Ltd For Target Rs.520.00 - Religare Sec

Bharti Airtel Limited

BHARTIARTL has been consolidating in a narrow range after witnessing profit booking from its record high of late. It has formed a fresh buying pivot on chart, supported with rise in volume and clearly indicating buyers interest at current level. Traders are advised to initiate fresh long in the given range.

 

1/12/2017 12:44:20 PM | Posted in Broking Firm Views - Short Term Report read full news
Sell Indian Bank Ltd For Traget Rs.375.00 - Choice Broking

* On a weekly chart, the stock has formed a Spinning Top candlestick on a top level which is a bearish reversal formation and indicates a downside move in the counter.

* Moreover, on a daily chart, the stock has started to trade below its 21 days moving average which is placed at 395.35 level which shows negative momentum in the stock.

* Apart from this, on an hourly chart,

30/11/2017 5:26:32 PM | Posted in Broking Firm Views - Short Term Report read full news
Buy RBL Bank Ltd For Target Rs.545.00 - Reliance Sec

* The stock is trending upwards after a huge consolidation in the past few months with positive price and volume breakout

* Stochastic and RSI are signaling that the stock is on a verge of turnaround.

* In case of any decline, recent swing low will work as key reversal point for the stock.

* Long position can be initiated at 518-515 for a target of Rs 545 with a st

30/11/2017 3:19:05 PM | Posted in Broking Firm Views - Short Term Report read full news
Update On Majesco Ltd - Reliance Sec

STOCK IN FOCUS

* Majesco Limited’s stock rose by 3.3% yesterday, while the BSE Sensex was flat.

* The company reported a strong set of 2QFY18 on the revenue front, with revenue by 8.8% QoQ in USD terms, led by strong order book growth seen in 1QFY18 (>20% QoQ); cloud revenue rose 28% QoQ, aided by the key IBM partnership.

*

30/11/2017 3:14:41 PM | Posted in Broking Firm Views - Short Term Report read full news
Buy Escorts Ltd For Target Rs.726.00 - Religare Sec

Derivative Ideas

ESCORTS added around 25% in open interest as long buildup was seen in it with some delivery based buying in previous session. Current chart pattern too indicate fresh surge in price. We suggest buying ESCORTS December futs as per levels mentioned below.

Strategy: Buy ESCORTS Dec futs BETWEEN 6

30/11/2017 1:08:51 PM | Posted in Broking Firm Views - Short Term Report read full news
Sell Reliance Capital Ltd For Target Rs.424.00 - Religare Sec

Reliance Capital Limited

After a sharp correction, RELCAPITAL has rebounded of late but failed to cross its price resistance zone around 464. Keeping in mind its overall trend, we advise traders to use any bounce to create fresh short positions.

 

30/11/2017 1:06:07 PM | Posted in Broking Firm Views - Short Term Report read full news

Cerebra Integrated Technologies Ltd For Target Rs.53.90.00 - Choice Broking

* On a weekly chart, the stock has given a breakout of its two months range bound movement and has started to trade above its short term and long term Exponential Moving Average which suggests short to medium term trend is up.

* The stock has given breakout of its Downward Sloping Trend line after bouncing back from its strong base zone around 40 level, which suggests further thrust i

29/11/2017 5:46:23 PM | Posted in Broking Firm Views - Short Term Report read full news
Buy Asian Paints Ltd For Target Rs.1,225.00 - Choice Broking

* On a daily chart, the stock has been trading with an upward rising trend line since last many days, which suggests northward move in the counter.

* Moreover, the stock has been trading with its strong support of 100 Days Moving Average which shows short to medium term trend is up.

* On an hourly chart, after a brief correction from its high of 1193.60 level, the stock has

29/11/2017 5:22:38 PM | Posted in Broking Firm Views - Short Term Report read full news
Buy ABB India For Target Rs.1607.00 - Reliance Sec

STOCK IN FOCUS

*  ABB India was among the earliest players to tap solar opportunity in India via range of solar inverters (50% market share) and power evacuation solutions.

* In T&D space, high technology products i.e. HVDC, Static Compensators, FACTS & GIS are its key focus areas.

* On the Rail side, it supplies Tract

Buy Oil India Ltd For Target Rs.385.00 - Reliagre Sec

Derivative Ideas

OIL added around 13% in open interest as long buildup was seen in it with some delivery based buying in previous session. Current chart pattern too indicate fresh surge in price. We suggest buying OIL December futs as per levels mentioned below.

Strategy: Buy OIL Dec futs BETWEEN 368-369, SL-3

29/11/2017 1:07:28 PM | Posted in Broking Firm Views - Short Term Report read full news
Buy Pidilite Industries Ltd For Target Rs.874.00 - Religare Sec

Pidilite Industries Limited

PIDILITIND has been consolidating in a narrow range for last one week on daily chart. Today, it has witnessed a fresh breakout from the same and likely to continue its uptrend. Using any dip traders are advised to initiate fresh long in the given range.

 

29/11/2017 1:04:13 PM | Posted in Broking Firm Views - Short Term Report read full news

Buy Max Ventures and Industries Ltd For Target Rs.95.00 - Choice Broking

* On the daily chart, the stock is bouncing back after taking a strong support of its Horizontal Trend line around 77.50 levels which is 50% retracement level of its previous up move from the 43.15 to 113.80 level.

* On a daily chart, the stock has given breakout of its Downward Sloping Trend line which indicates further thrust in the counter.

* On an hourly chart, the stock

29/11/2017 10:07:31 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy Maruti Suzuki Ltd For Target Rs.9,150.00 - Choice Broking

* On a daily chart, the stock has given a breakout of its four days range bound movement with above average volume which indicates a clear directional move towards north side.

* Moreover, the stock has been trading with its strong support of 21 days simple moving average since last many days which shows a positive trend of the stock.

* On a weekly chart, the stock has been t

28/11/2017 5:53:29 PM | Posted in Broking Firm Views - Short Term Report read full news
Buy Rashtriya Chemicals and Fertilizers Ltd For Target Rs.106.00 - Choice Broking

* On a daily chart, the stock is bouncing back after forming a strong base around 86.20 levels which is 61.8% retracement level of its previous up move from the 74.60 to 106.40 level.

* On an hourly chart, the stock has given breakout of its Rising Channel Pattern which indicates further thrust in the counter.

* Moreover, the stock is trading with a strong support of its 50

28/11/2017 5:44:26 PM | Posted in Broking Firm Views - Short Term Report read full news
Buy Hero MotoCorp Ltd For Target Rs.3,815.00 - Reliance Sec

* The stock reversed after taking support of its long-term moving average 200-day SMA with positive price action. ff Positive cross-over in the key technical indicators- Stochastic and RSI are signaling that the stock is on a verge of turnaround. Recovery in MACD is also coinciding with our view.

*  As per the current daily set-up, we believe that the stock will soon resume its u

28/11/2017 2:36:57 PM | Posted in Broking Firm Views - Short Term Report read full news
Buy JK Lakshmi Cement Ltd For Target Rs.500.00 - Reliance Sec

STOCK IN FOCUS

* JK Lakshmi Cement (JKLC) surged over 4% in yesterday’s range-bound market on the expectations of likely improvement in its profitability ahead due to various measures taken by the company.

* While the recent ban of petcoke usage is expected to impact JKLC’s operational performance, visible improvement in Eastern r

28/11/2017 2:31:47 PM | Posted in Broking Firm Views - Short Term Report read full news
Buy Wipro Ltd For Target Rs.303.00 - Religare Sec

Derivative Ideas

WIPRO added around 11% in open interest as long buildup was seen in it with some delivery based buying in previous session. Current chart pattern too indicate fresh surge in price. We suggest buying WIPRO December futs as per levels mentioned below.

Strategy: Buy WIPRO Dec futs BETWEEN 293-294

28/11/2017 2:18:48 PM | Posted in Broking Firm Views - Short Term Report read full news
Buy ICICI Bank Ltd For Target Rs.328.00 - Religare Sec

ICICI Bank Limited

ICICIBANK has retraced marginally from the record high and formed a fresh buying pivot on the daily chart. Existence of price support zone around current levels, adding to the positivity. Hence, we advocate fresh buying as per the mentioned levels.

 

28/11/2017 2:13:54 PM | Posted in Broking Firm Views - Short Term Report read full news

Buy Havells India Ltd For Target Rs.542.00 - Religare Sec

Havells India Limited

HAVELLS is consolidating in a narrow range, while holding firmly above its medium term moving averages for last one month or so on daily chart. And now, it looks all set for a fresh surge.

 

28/11/2017 1:09:31 PM | Posted in Broking Firm Views - Short Term Report read full news