Derivative Ideas Amara Raja Batteries Ltd For Target Rs.880.00 - Religare Sec

Derivative Ideas

AMARAJABAT has witnessed good delivery based buying on Tuesday and also added around 2% of open interest as fresh long positions on Wednesday. Keeping in mind long buildup along with delivery based buying, we recommend buying AMARAJABAT June futures as per given levels.

 

Strateg

22/06/2017 1:27:36 PM | Posted in Broking Firm Views - Short Term Report read full news
Buy Siemens Ltd For Target Rs.1,395.00 - Religare Sec

Siemens Limited

SIEMENS has retraced marginal from its record high and formed a base around its support zone of multiple moving averages on daily chart. The chart shows possibility of strong rebound in near future. Traders can accumulate fresh in the given range.

22/06/2017 12:28:05 PM | Posted in Broking Firm Views - Short Term Report read full news

Buy Berger Paints India Ltd For Target Rs.268.00 - Religare Sec

Berger Paints (I) Limited 

BERGEPAINT has been consolidating in a range near to its record high while holding firmly above its medium term moving averages. It has formed a fresh buying pivot on the daily chart and likely to witness strong up move in near future

22/06/2017 12:20:57 PM | Posted in Broking Firm Views - Short Term Report read full news

Derivative Ideas Titan Company Ltd For Target Rs. 550.00 - Religare Sec

TITAN added around 2.50% of open interest as fresh long positions along with some delivery based buying in previous session. On charts, it has created a fresh buying pivot near the support zone of gap left by it while rising on June 5, 2017. It is also trading in higher highs - higher lows formation above its long term as well as short term moving averages on daily charts. Hence, we suggest buy

21/06/2017 1:50:37 PM | Posted in Broking Firm Views - Short Term Report read full news
Buy Tata Communicationsa Ltd For Target Rs.800.00 - Religare Sec

Tata Communications Limited (TATACOMM)

TATACOMM has retraced marginally of late after retesting its record high and found support around 725 area. After hovering in a narrow range for two weeks, it’s now looks upbeat to resume uptrend.

21/06/2017 1:46:39 PM | Posted in Broking Firm Views - Short Term Report read full news
Buy Aditya Birla Nuvo Ltd Fro Target Rs.1760.00 - Religare Sec

Aditya Birla Nuvo Limited (ABIRLANUVO)

ABIRLANUVO has been consolidating around its record high for last one month or so and formed a fresh buying pivot on daily chart. We suggest using this phase to create fresh longs in the mentioned range.

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21/06/2017 1:42:36 PM | Posted in Broking Firm Views - Short Term Report read full news
We maintain our bullish view on markets and suggest using any pause and correction as buying opportunity - Religare Sec

Nifty Outlook

Nifty traded dull in a narrow range today and settled almost unchanged, tracking mixed cues. In line with the benchmark index, mostly sectoral indices traded lacklustre and ended on flat note. Amid all, movement continued on stock specific front which kept the participants busy till the end.

The countdown for the GST implementat

Derivative Ideas Indraprastha Gas Ltd For Target Rs.1,125.00 - Religare Sec

Derivative Ideas

IGL added around 1.50% of open interest as fresh long positions along with some delivery based buying in previous trading session. On charts, it has created a fresh buying pivot on Monday near its price support zones (1055-1060) on daily charts after witnessing marginal profit taking from its all time highs. Current ch

20/06/2017 1:33:26 PM | Posted in Broking Firm Views - Short Term Report read full news
Buy Dabur India Ltd For Target Rs.302.00 - Religare Sec

Dabur India Limited

Unlike all other FMCG counter, DABUR is still consolidating in a range on the daily chart while holding firmly above its multiple moving averages. We believe the consolidation will be over soon and traders should use this pause to accumulate fresh in the given range.

20/06/2017 12:27:55 PM | Posted in Broking Firm Views - Short Term Report read full news

We suggest continuing with the uptrend and avoiding contrarian trades - Religare Sec

Nifty Outlook

Markets started the week on robust note and gained over half a percent, thanks to firm global markets and supportive local cues. It opened gap up and maintained that tone till the end. The recently concluded GST Council meet boosted the sentiments wherein the council unanimously agreed on July 1 rollout, putting the speculation of possibl

We see strong possibility of Nifty resuming uptrend next week - Religare Sec

Nifty Outlook

Nifty settled almost unchanged in a volatile trade, continuing its prevailing trend. However, there was no shortage of trading opportunities on stock specific front, which kept the participants busy. Mostly sectoral indices traded in line with the benchmark and ended on flat note, in absence of any fresh trigger.

We see strong p

Accumulate HDIL Ltd For Target Rs.110.00 - Religare Sec

Investment Rationale

* Housing Development & Infrastructure Limited (HDIL) has established itself as one of India’s premier real estate development companies, with significant operations in the Mumbai Metropolitan Region.

* Last year the promoter of the company infused Rs. 150 cr in the company.

* It launched a new brand

17/06/2017 10:50:44 AM | Posted in Broking Firm Views - Short Term Report read full news
Sell Bank Nifty For Target Rs.25.00 - Religare Sec

Strategy:-

BankNifty is likely to be in a range of around 23100-23800 in the short term.The highest open interest for 29 June expiry is at 2300put and 23500call.

 

Strategy:

Sell BankNifty 29 june 24100ce@18 and sell 22800pe@36,net prem at 54,sloss at 68,target 25.

 

17/06/2017 10:36:01 AM | Posted in Broking Firm Views - Short Term Report read full news
Derivative Ideas For Nifty - Religare Sec

DERIVATIVES OUTLOOK

* Nifty futures volume weighted average price (VWAP) is at 9640 and Banknifty futures is at 23440.

* Nifty futures closed with a premium of around 3 points while Banknifty futures closed with a discount of around 56 points.

* Call writing was seen at Nifty 9600 and 9700 strike. Maximum positions are still at 9700

17/06/2017 10:33:24 AM | Posted in Broking Firm Views - Short Term Report read full news
Nifty Energy Index gained over a percent, outperforming the benchmark index in the passing week - Religare Sec

NIFTY OUTLOOK

* Nifty traded volatile through out the week and lost nearly a percent in the end. Global cues largely dictated the market trend in absence of any major local trigger. 

* In absence of any major event, progress of monsoon and cues from the global front will be closely watched by the participants in the coming week.

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IPO Note Central Depository Services (India) Ltd - Religare Sec

About the Company

Central Depository Services (India) Limited (CDSL) commenced depository business in 1999. It was initially promoted by BSE, which subsequently divested a part of its stake to leading Indian banks viz. SBI, BOB, Union Bank, HDFC Bank among others. The depository system in India is Rs 2.4bn (FY16) comprising of only 2 depositories, CDSL

Derivative Ideas Nifty For Target Rs.18.00 - Religare Sec

Derivative Ideas

NIFTY has been hovering in the range of 9500-9650 for almost 8-10 sessions. Huge call writing is seen at 9600 and 9700 strike. Nifty 9700 strike CE has the highest open interest as well. We expect Nifty to be in 9500-9650 range in short term.

 

Strategy:

16/06/2017 1:46:59 PM | Posted in Broking Firm Views - Short Term Report read full news
Sell Reliance Capital Ltd For Target Rs.580.00 - Religare Sec

Reliance Capital Limited

After a sharp correction from its 52-week high, RELCAPITAL has now rebounded of late and reached closer to resistance zone around 600. Keeping in mind its overall trend, we advise to use this bounce to create fresh short positions.

16/06/2017 1:37:19 PM | Posted in Broking Firm Views - Short Term Report read full news

Buy Federal Bank Ltd For Target Rs.126.00 - Religare Sec

The Federal Bank Limited

FEDERALBNK has bounced sharply from its support zone and currently trading on the verge of breakout from a consolidation pattern around its record high. We suggest traders to initiate fresh long in the given range.

16/06/2017 1:32:00 PM | Posted in Broking Firm Views - Short Term Report read full news
Nifty has almost tested its crucial support of 9550 today and rebounded marginally in the end - Religare Sec

Nifty Outlook

Markets traded under pressure and lost nearly half a percent, mainly pressurised by weak global cues. It opened lower and maintained negative tone till the end. The news of rate hike by the US Fed was already discounted and markets reacted primarily to the news of special counsel will investigate the US president for his role in obstructi

IPO Note Tejas Networks Ltd - Religare Sec

About the Company

Tejas Networks Ltd is a Bengaluru based optical and data networking products company with customers in over 60 countries. The company designs, develops and sells high-performance and cost-competitive products to telecommunications service providers, internet service providers, utility companies, defense companies and government entiti