Buy CRISIL Ltd For Target Rs.2,540.00 - Religare Sec

Steady Q1 notwithstanding a 'forex' blip…

CRISIL's 11.9% YoY Revenue growth in Q1CY17 was driven by pick-up in the research business while Operating margins came in largely in-line at 30.3%. However, adverse forex impact of Rs 11.9 cr led to flattish profit growth of Rs 73.3 cr. Though sluggish credit offtake and diminished prospects

29/04/2017 11:10:58 AM | Posted in Broking Firm Views - Long Term Report read full news
Buy IRB Infrastructure Ltd For Target Rs.275.00 - Religare Sec

Strategy:-

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 levels given below.

29/04/2017 10:19:39 AM | Posted in Broking Firm Views - Short Term Report read full news
Derivative Ideas For Nifty - Religare Sec

DERIVATIVES OUTLOOK

* Nifty May futures volume weighted average price (VWAP) is at 9320 and Banknifty futures is at 22100.

* Nifty call writing was seen at 9400 strike and put writing was seen at 9300 followed by 9100 and 9200 strikes. Maximum positions are at 9000 PE and 9500 CE. Nifty is expected to be in the range of 9100- 9500.

29/04/2017 10:15:59 AM | Posted in Broking Firm Views - Short Term Report read full news
We reiterate our positive view on index and suggest traders to keep leveraged positions hedged - Religare Sec

NIFTY OUTLOOK

* The Nifty index gained 2% led by good quarterly earnings and positive global cues. Even though the overall results till date have been mixed bag, many companies surprised the street with better than expected performance.

* Volatility in the passing week was mainly on account of quarterly results posted by many of the Index maj

Derivative Ideas Ambuja Cements Ltd For Target Rs.268.00 - Religare Sec

Derivative Ideas

AMBUJACEM added around 28% of open interest as long positions. It has rolled around 61% in to next contract. It is also trading on verge of breakout from congestion zone of last eleven days on the higher side. We suggest buying AMBUJACEM May futures as per levels mentioned below.

 

28/04/2017 3:09:34 PM | Posted in Broking Firm Views - Short Term Report read full news
Buy Indo Count Industries Ltd For Target Rs.225.00 - Religare Sec

Indo Count Industries Limited

MANAPPURAM has been consolidating in a narrow range for last two months while holding strongly above its short term moving averages on multiple time frames. It has recently tested the lower band of the range, offering fresh buying opportunity before breakout

28/04/2017 3:03:21 PM | Posted in Broking Firm Views - Short Term Report read full news

Derivative Ideas Bharti Airtel Ltd For Target Rs.370.00 - Religare Sec

Derivative Ideas

BHARTIARTL added around 19% of open interest as long buildup along with good delivery based buying in previous session. It has rolled around 52% in next contract so far. It has also witnessed congestion zone breakout on daily charts on April 26, 2017. We suggest buying BHARTIARTL May futures as per leve

27/04/2017 2:47:52 PM | Posted in Broking Firm Views - Short Term Report read full news
Buy Manappuram Finance Ltd For Target Rs.108.00 - Religare Sec

Manappuram Finance Limited

MANAPPURAM has been consolidating in a narrow range for last two months while holding strongly above its short term moving averages on multiple time frames. It has recently tested the lower band of the range, offering fresh buying opportunity before breakout.

27/04/2017 2:37:28 PM | Posted in Broking Firm Views - Short Term Report read full news

Buy ITC Ltd For Target Rs.310.00 - Religare Sec

ITC Limited (ITC)

After a month long consolidation phase, ITC has witnessed a fresh surge today i.e. on April 26 and made a new record high. Its chart pattern indicates positive trend to continue

27/04/2017 2:31:06 PM | Posted in Broking Firm Views - Short Term Report read full news
We reiterate our positive view on market - Religare Sec

Nifty Outlook

Nifty inched higher for the third day in a row and gained nearly half a percent amid volatility. Firm Asian markets and strengthening rupee helped index to open strong which further supported by renewed buying in select index majors. However, profit taking in latter half marginally trimmed the gains and pushed the market breadth also slig

Buy Mahindra & Mahindra Ltd For Target Rs.1,410.00 - Religare Sec

Mahindra & Mahindra Limited (M&M)

M&M has registered a fresh breakout from its month long consolidation phase on the daily chart, supported by decent rise in volume. Existence of support of multiple moving averages combined with the chart formation clearly pointing towards strong surge in near future.

26/04/2017 4:37:15 PM | Posted in Broking Firm Views - Short Term Report read full news

Buy Mahindra & Mahindra Ltd For Target Rs.1,410.00 - Religare Sec

Mahindra & Mahindra Limited (M&M)

M&M has registered a fresh breakout from its month long consolidation phase on the daily chart, supported by decent rise in volume. Existence of support of multiple moving averages combined with the chart formation clearly pointing towards strong surge in near future.

26/04/2017 3:58:13 PM | Posted in Broking Firm Views - Short Term Report read full news

Nifty gained nearly a percent and made a new record high - Religare Sec

Nifty Outlook

Jubilation continues as Nifty gained nearly a percent and made a new record high above 9300. Better than expected results from the oil&gas major, Reliance, triggered the initial up move which further supported by rotational buying in other index majors. Global cues too remained supportive and helped index to close around the day&rsquo

Technical Recommendation 25th April 2017

SCRIP NAME AND SYMBOL - Capital First Limited (CAPF)

TECHNICAL RATIONALE – CAPF has retraced marginal from its 52-week high due to profit booking and currently hovering in a narrow range. After spending nearly a month in a consolidation zone, it looks all set to resume the uptrend in near future. Traders should use this pause to

25/04/2017 4:52:40 PM | Posted in Broking Firm Views - Short Term Report read full news
Derivative Ideas Dalmia Bharat Ltd For Target Rs.2,220.00 - Religare Sec

Derivative Ideas

DALMIABHA witnessed huge delivery based buying in previous session and also surged around 2.5% on Monday i.e. April 24, 2017, on short covering. On charts, stock has created a buying pivot on daily as well as on intraday charts and also trading in higher highs—higher lows formation above short ter

25/04/2017 3:00:28 PM | Posted in Broking Firm Views - Short Term Report read full news
Buy Hindustan Unilever Ltd For Target Rs.960.00 - Religare Sec

Hindustan Unilever Limited (HINDUNILVR)

HINDUNILVR has witnessed marginal profit taking and retraced near to its immediate support zone of short-term moving averages. The chart pattern along with confirmation indicators are clearly pointing towards strong rebound in near future.

25/04/2017 2:55:22 PM | Posted in Broking Firm Views - Short Term Report read full news

Buy Bajaj Auto Ltd For Target Rs.2,820.00 - Religare Sec

Bajaj Auto Limited (BAJAJ-AUTO)

Among the auto stocks, Bajaj-auto is currently trading around the support area of multiple moving averages and formed a fresh buying pivot on daily chart. Indications from the auto index chart is also favouring strong surge ahead.

25/04/2017 2:50:53 PM | Posted in Broking Firm Views - Short Term Report read full news

Today`s up move was in line with our view but the hurdle at 9300 in Nifty - Religare Sec

Nifty Outlook

Nifty made an exceptional start of the week and gained over a percent today, thanks to positive local cues and supportive global markets. Participants took note of latest statement from the FM that the Indian economy will grow at 7.5% in this fiscal in accordance to favourable macro-economic environment. Besides, firm global markets espec

Buy Wipro Ltd For Target Rs.470.00 - Religare Sec

Wipro Limited (WIPRO)

WIPRO, after its failed attempt to cross the resistance zone around 510 level, has formed a fresh shorting pivot on daily chart. Any bounce should be utilised to create fresh shorts.

24/04/2017 4:20:50 PM | Posted in Broking Firm Views - Short Term Report read full news
Buy Equitas Holdings Ltd For Target Rs.188.00 - Religare Sec

Equitas Holdings Limited (EQUITAS)

After a breakout from a consolidation range, EQUITAS has witnessed marginal profit taking of late, offering a fresh buying opportunity. Traders shouldn’t miss this chance and accumulate in the given range.

24/04/2017 3:59:39 PM | Posted in Broking Firm Views - Short Term Report read full news

We reiterate our bullish yet cautious view and suggest continuing buy on dips approach - Religare Sec

Nifty Outlook

Nifty settled marginally lower amid volatility, tracking mixed local cues. Initially, it made a firm start but pressure at the higher levels especially in the banking pack pulled the index down. Mostly sectoral indices traded in line with benchmark and closed on flat note.

After the recent profit taking in the banking pack, trad

Accumulate Kesoram Industries Ltd For Target Rs.210.00 - Religare Sec

Investment Rationale

* Incorporated in 1919, Kesoram Industries (KIL), is a BK Birla Group company and is engaged in the manufacturing of tyre, rayon and cement. Both their brands Birla Tyres (Tyre division) and Birla Shakti (Cement division) are well recognised brands in the sector.

* Lower rubber prices and pick up in auto sector are the ma

22/04/2017 4:30:11 PM | Posted in Broking Firm Views - Short Term Report read full news
Buy Tata Steel Ltd For Target Rs.10.00 - Religare Sec

Strategy:-

TATASTEEL added around 2.25% of open interest as fresh short positions. Daily vwap is around 455 levels. Huge call writing was seen at 460 strike and put buying (unwinding by writers) was seen at 440 and 460 strikes. On charts, it has witnessed breakdown from important price support of 460 levels on April 18, 2017. We suggest buying TATASTEE

22/04/2017 2:52:46 PM | Posted in Broking Firm Views - Short Term Report read full news