Buy M&M Ltd For Target Rs.1,340.00 - Reliance Sec

* The stock has made a strong bottom in the last few weeks at 1213 and making higher bottoms on its weekly charts with strong volumes in the last few days.

* 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 uptrend and th

25/04/2017 3:13:22 PM | Posted in Broking Firm Views - Short Term Report read full news
Buy HDFC Bank Ltd For Target Rs.1,833 - Reliance Sec

STOCK IN FOCUS

* HDFC Bank closed 2.4% higher, outperforming benchmark NIFTY by 1.3%. Despite an adverse macroeconomic scenario, the Bank has delivered a healthy performance on business growth, operating parameters and assets quality front in 4QFY17.

* In comparison of a mere 5% YoY growth in banking industry loan, HDFC Bank’s loan book

25/04/2017 3:06:38 PM | Posted in Broking Firm Views - Short Term Report read full news
Natural gas prices are trading marginally higher - Reliance Sec

Highlights :  

* Oil prices slipped on Monday, extending last week's decline, on lack of confirmation that OPEC will extend output cuts until the end of 2017 and as Russia indicated it can lift output if the deal on curbs lapses.

* Brent crude July futures ended the session 31 cents lower at $52.13 per barrel after hitting a session

25/04/2017 2:42:10 PM | Posted in Commodities Reports read full news
The Silver May contract open interest rose by 2.97% - Reliance Sec

RECOMMENDATIONS

FUNDAMENTALS

Gold fell on Monday, after the market's favoured French presidential candidate won the first round of the country's election, but prices pared losses as U.S. Treasury yields came off their highs.

Spot gold ended down 0.69% at $1,275.20 an&

25/04/2017 2:27:48 PM | Posted in Commodities Reports read full news
The Indian Rupee has opened strong this Tuesday - Reliance Sec

RECOMMENDATIONS

DOMESTIC MARKET RECAP

The Indian Rupee appreciated against the US Dollar in line with most Asian peers, as foreign banks likely sold the greenback for their clients amid improved risk appetite after a pro-European Union centrist won the first round of French Presidential polls.

The Ru

Copper futures ended higher on Monday after see-sawing for most of the session - Reliance Sec

Highlights :

* Shanghai copper futures ended higher on Monday after see-sawing for most of the session as investors cut bets that Chinese demand was getting stronger and global tensions were easing. The rest of the ShFE metals complex settled lower.

* LME aluminium ended firm despite news that output in top producer China rose to 2.707 milli

24/04/2017 5:00:47 PM | Posted in Commodities Reports read full news
Sell Max Financial Services Ltd For Target Rs.595.00 - Reliance Sec

Technical Research

* Max Financial reversed from its life-time high forming Rounding Top pattern and slipped to 2-week low, which is signaling near-term weakness in the stock.

* Negative cross-over in key technical indicators- RSI and MACD also coinciding with our near-term view and in favor of probable decline in the stock.

* On th

24/04/2017 4:36:31 PM | Posted in Broking Firm Views - Short Term Report read full news
Buy Cyient Ltd For Target Rs.565.00 - Reliance Se

STOCK IN FOCUS

* Cyient’s stock price rose 4.25% in Friday’s trade, while the BSE Sensex declined by 0.2%.

* Cyient’s 4QFY17 USD revenue rose by a strong 3.8% QoQ (+3.6% QoQ in CC terms), as all major segments of the company reported strong growth.

* The DNO segment saw a 3% QoQ USD revenue rise, ENGG grew by a str

24/04/2017 4:10:06 PM | Posted in Broking Firm Views - Short Term Report read full news
International Natural gas prices are trading marginally higher - Reliance Sec

Highlights :

 Oil prices tumbled more than 2% on Friday, notching the biggest weekly decline in more than a month on mounting evidence that U.S. production and inventory growth were offsetting OPEC's attempts to reduce the global crude glut.

Brent futures July settled at $52.44 a barrel, down $1.02, or 1.91% at the market's close. U.S. crude fut

24/04/2017 3:25:33 PM | Posted in Commodities Reports read full news
Indian gold prices could open down, tracking weak overseas prices - Reliance Sec

Highlights :  

Gold prices rose slightly on Friday as investors awaited the first-round of voting in the presidential French election at the weekend and possible announcements about tax changes in the United States.

Spot gold ended up 0.21% at $1,284.0 an ounce on Friday and on track to close the week little changed after five straight w

24/04/2017 3:00:27 PM | Posted in Commodities Reports read full news
Hold Yes Bank Ltd For Target Rs.1,483.00 - Reliance Sec

Assets Quality Risks Persist; Reiterate HOLD

YES Bank has negatively surprised on both assets quality and bottom line front in 4QFY17 led by NPA recognition of few large corporate accounts in conformity with the divergences observed by the RBI. The Bank’s fresh slippages stood at Rs19bn in 4QFY17 compared to Rs1.3bn in 3QFY17 and Rs3.3bn in 4QFY1

22/04/2017 11:25:11 AM | Posted in Broking Firm Views - Long Term Report read full news
Natural gas prices are trading flat on Friday - Reliance Sec

FUNDAMENTALS – CRUDE OIL

Oil prices ended mixed on Thursday after a seesaw trading session, as investors weighed rising U.S. production against geopolitical uncertainties and comments from leading Gulf oil producers that an extension to OPEC-led supply cuts was likely.  

The benchmark U.S. crude contract, West Texas Intermediate fu

21/04/2017 4:59:52 PM | Posted in Commodities Reports read full news
Base metals on MCX were trading firm on Friday - Reliance Sec

FUNDAMENTALS

Copper, Zinc and other base metal prices gained on Thursday as investors, speculators and consumers resumed buying after recent losses, expecting increased seasonal demand.  

Prices largely stabilised on Wednesday, investors gained confidence to return to the market since the 2nd quater is regarded as the peak period for phy

21/04/2017 4:39:23 PM | Posted in Commodities Reports read full news
Indian gold prices could open steady, tracking steady overseas prices - Reliance Sec

FUNDAMENTALS

Gold steadied on Thursday after its biggest one day drop in more than six weeks, with a retreat in the dollar arresting the slide, though moves were muted as markets await the outcome of the looming French presidential election.  

The U.S. Dollar Index remained weak against a basket of major currencies as the latest data on

21/04/2017 4:24:17 PM | Posted in Commodities Reports read full news
Buy IndusInd Bank Ltd For Target Rs.1,716.00 - Reliance Sec

Operating Performance Remains Healthy; Reiterate BUY

IndusInd Bank (IIB) has delivered a healthy performance on operating front in 4QFY17. Its operating profit grew by 36.6% YoY and 15.3% QoQto Rs15.7bn led by robust growth in balance sheet and healthy improvement in NII and fee-based income. Its NII grew by strong 31.5% YoY & 5.6% QoQ to Rs16.8bn.

21/04/2017 3:20:14 PM | Posted in Broking Firm Views - Long Term Report read full news
Buy Cyient Ltd For Target Rs.565.00 - Reliance Sec

Commendable Show on All Counts; FY18 Looks Encouraging

Cyient has delivered a strong show in 4QFY17 - on expected lines - with its USD revenue growing by a healthy 3.8% QoQ (3.6% in CC terms) to US$141mn. A healthy 3.3% sequential growth in Core Services business is a positive factor, in our view. While the DNO business grew by a good pace of 3% QoQ, t

21/04/2017 3:08:56 PM | Posted in Broking Firm Views - Long Term Report read full news
USD/INR futures could remain range bound intraday - Reliance Sec

DOMESTIC MARKET RECAP

The Indian Rupee trimmed intraday losses to end little changed against the Dollar, as strong local shares and exporters’ dollar sales helped the currency tide over global uncertainty ahead of the French presidential polls this weekend. The Rupee ended at 64.56 against 64.58 at close on Wednesday.

The currency fell

Buy Torrent Power Ltd For Target Rs.242.00 - Reliance Sec

* Torrent Power reversed after taking support of its medium-term moving average 50-day EMA and also 61.8% Fibonacci Retracement level of recent rally (Rs191-242) and rose to 7 days high.

* Key technical indicators-Stochastic and RSI moving higher post their positive cross-over.

* As per the current daily set-up, we believe that stock will remain in positive momentum and soon

21/04/2017 11:52:00 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy Bajaj Corp Ltd For Target Rs.463.00 - Reliance Se

STOCK IN FOCUS

* Bajaj Corp closed 2% up in trade at Rs402 compared to 0.4% increase in benchmark Nifty ff The company is the market leader in light hair oil market with volume share of 58%

* Although 4QFY17 numbers were impacted by demonetization and weak consumer demand, we expect recovery in the coming quarters.

* We expect Bajaj

21/04/2017 11:44:01 AM | Posted in Broking Firm Views - Short Term Report read full news
Nickel and Aluminium prices were trading lower on Thursday - Reliance Sec

FUNDAMENTALS

Copper fell for a second day on Wednesday after a surge of fund selling just before the close reversed gains and drove the metal to a 14-week low.  

Chinese refined copper  output in march rose 8.5% from a year ago to 764,000 MT, the highest since at least December 2015, official data showed.

Meanwhile, March

20/04/2017 5:03:16 PM | Posted in Commodities Reports read full news
Natural Gas April contract rose by 22.08% on Wednesday - Reliance Sec

FUNDAMENTALS – CRUDE OIL

Oil fell to a two-week low on Wednesday, after a surprising build in U.S. gasoline inventories and a rise in domestic crude output that is partially offsetting cutbacks by other countries trying to reduce a global glut.

U.S. crude June futures settled down $2.00 to  $50.85 a barrel, a 3.78% drop. Brent June

20/04/2017 4:49:58 PM | Posted in Commodities Reports read full news
The Gold June contract open interest fell by 7.74% - Reliance Sec

Gold fell on Wednesday as the Dollar and stocks gained, though tensions over North Korea and upcoming French and UK elections underpinned demand in the safe-haven asset.

Spot gold ended at $1,278.9 per ounce down 0.83% at $1,283.40.by 0.8%. U.S. gold June futures settled down Spot silver dropped 0.95% to end at $18.08 per ounce.

T

20/04/2017 4:19:45 PM | Posted in Commodities Reports read full news