CHOLAFIN added around 1.5% of open interest as fresh long positions. On charts, it has formed a bar reversal up on daily charts. it has also created a buying pivot on daily as well as on intraday charts. We suggest buying CHOLAFIN May futures as per levels mentioned below.
* 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.
* 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
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 Reportread full news
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
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.
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 Reportread full news
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 Reportread full news
* 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.
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
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
ZEEL has been holding strong above its short term as well as long term moving averages on the daily chart and also formed a fresh buying pivot. Hence we suggest traders to initiate long positions in the mentioned range.
3/05/2017 1:51:35 PM|Posted in Broking Firm Views - Short Term Reportread full news
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
CHENNPETRO has been holding strong above its long term as well as short term moving averages on daily chart and formed a fresh buying pivot. Hence, we suggest traders to initiate fresh long in the given range.
2/05/2017 12:15:01 PM|Posted in Broking Firm Views - Short Term Reportread full news