Buy TV Today Network Ltd For Target Rs.360.00 - Religare Sec

Demonetisation impacted the advertising revenue

TV Today reported subdued Q3FY17 results as advertising revenue was impacted due to demonetisation. The company reported net sales de-growth of 6.4% yoy at Rs 140.9crs. EBITDA and PAT declined by 30.5% and 28.4% respectively. We expect ad revenue to pick up in Q4FY17E post advertising spends revival. TV T

22/02/2017 2:55:51 PM | Posted in Broking Firm Views - Long Term Report read full news
Technical Recommendation 22nd February 2017

Berger Paints Limited (BERGEPAINT )

TECHNICAL RATIONALE – BERGERPAINT, after consolidating around its long term averages on the daily chart, has formed a fresh buying pivot and likely to witness fresh surge in the near future. Traders should use this pause to accumulate in the given range.

 

22/02/2017 1:19:01 PM | Posted in Broking Firm Views - Short Term Report read full news
Buy Axis Bank For Target Rs.18.00 - Religare Sec

Derivative Ideas

AXISBANK added around 32% of open interest as fresh long positions. It has rolled around 41% into next contact. Call buying (unwinding buy writers) was seen at 490 & 500 strikes, put writing was seen at 490 & 500 strikes. It has also witnessed upside breakout from congestion zone of last four months and so with

22/02/2017 12:56:38 PM | Posted in Broking Firm Views - Short Term Report read full news
Buy Siemens Ltd For Target Rs.1320.00 - Religare Sec

Siemens Limited( SIEMENS)

After consolidating around its long term averages on the daily chart, Siemens now look all set for an up move. The confirmation oscillators are also in agreement to the chart pattern. Traders can utilize this phase to accumulate this stock.

 

22/02/2017 12:53:39 PM | Posted in Broking Firm Views - Short Term Report read full news

Nifty managed to settle marginally higher in a volatile session today - Religare Sec

Nifty Outlook

Nifty managed to settle marginally higher in a volatile session today. The first half was dull but rebound in select banking majors in latter half fuelled the momentum. Amid all, participants were busy in rollover and unwinding their derivatives positions.

Almost all the sectoral indices have participated in this rally so far an

Hold Titan Industries Ltd For Target Rs.380 - Religare Sec

Strong performance in a demon environment

TTAN’s Q3FY17 net sales/EBITDA/adj. PAT grew 14%/21%/13% YoY. Jewellery sales were up 15.4% YoY with flattish EBIT margins while watches sales grew 5.1% YoY with 370bps EBIT margin expansion. Management stated than the Jan’17 sales trajectory continues to be healthy. We raise estimates but maintain

21/02/2017 2:40:09 PM | Posted in Broking Firm Views - Long Term Report read full news
Derivative Ideas Nifty For Target Rs.34 - Religare sec

Derivative Ideas

NIFTY futures added around 5% of open interest as long positions. It has rolled around 20% into next contract so far. Call buying was seen at 8900 strike and huge put writing was seen at 8800 strike. We recommend doing bull spread in nifty as per levels given below.

 

21/02/2017 12:54:24 PM | Posted in Broking Firm Views - Short Term Report read full news
We suggest maintaining positive yet cautious approach in index - Religare Sec

Nifty Outlook

Nifty settled with decent gains today and inched closer to 8900, thanks to positive domestic cues and firm global markets. The news of GST Council clearing states compensation law and buying in the select index majors pushed the index higher. Movement was mixed on the sectoral front wherein metal, IT and realty topped the gainers list.

Buy Kotak Mahindra Bank Ltd For Target Rs.12.00 - Religare Sec

Derivative Ideas

KOTAKBANK added around 16.70% of open interest as long positions along with some delivery based buying in previous session. Call buying (unwinding by writers) was seen at 800 strikes. We recommend buying Kotak bank 800 CE as per levels given below.

 

Strategy

20/02/2017 12:36:22 PM | Posted in Broking Firm Views - Short Term Report read full news
Buy LIC Housing Finance Ltd For Target Rs.570.00 - Religare Sec

LIC Housing Finance Limited (LICHSGFIN)

Post indecisive move that lasted for two weeks, LICHSGFIN settled on positive note on back of strong volume, indicating buyers interest. Hence we advocate buying this stock in the given range.

20/02/2017 12:19:08 PM | Posted in Broking Firm Views - Short Term Report read full news

Buy Petronet LNG Ltd For Target Rs.430.00- Religare Sec

Religare Super Ideas

Petronet LNG Limited (PETRONET)

PETRONET managed fresh breakout on 17th February, from trend line resistance barrier placed on the daily chart. The breakout was supported by decent volume, indicating buyers interest at current levels. Hence we suggest traders to go for long position in th

20/02/2017 12:04:47 PM | Posted in Broking Firm Views - Short Term Report read full news
It's a clear sign that Nifty is facing pressure at higher levels - Religare Sec

Nifty Outlook

Markets were on a roller coaster ride today, largely influenced by the banking pack especially private ones. The strong surge in private banking major HDFC bank, after the RBI's withdrawal of FII stake-buy restriction, triggered a gap up start in Nifty too. But, lack of participation from other sectors and profit taking in the banking

It could be a decisive week for the markets after two weeks of consolidation - Religare

Below is the views on weekly technical recommendations by Mr. Jayant Manglik, President, Retail Distribution, Religare Securities Ltd

Markets managed to settle marginally in green amid volatility, continuing the consolidation phase. Cues were mixed on domestic front where contraction in IIP figure and an uptick in WPI inflation dampened the sentiment. Surprisingly, pa

Buy Kotak Mahindra Bank Ltd For Target Rs.12.00 - Religare Sec

Strategy:

KOTAKBANK added around 16.70% of open interest as long positions along with some delivery base buying in previous session. Call buying (unwinding by writers) was seen at 800 strikes. We recom-mend buying Kotak bank 800 CE as per levels given below.

 

Strategy

18/02/2017 4:28:34 PM | Posted in Broking Firm Views - Short Term Report read full news
Derivative Ideas For Nifty - Religare Sec

DERIVATIVES OUTLOOK

* Nifty Feb futures volume weighted average price (VWAP) is at 8700 and Banknifty futures is at 20020.

* Put writing was seen at 8800 strike and call buying (unwinding by writers) was seen at 8800 & 9000 strikes.

* Highest positions are still at 8500 PE and 9000 CE.

* Nifty is expected to be in the

18/02/2017 4:24:50 PM | Posted in Broking Firm Views - Short Term Report read full news
We expect volatility to con-tinue due to derivatives expiry and scheduled GST council meet - Religare Sec

NIFTY OUTLOOK

* Nifty settled on a flat note amid volatility for second consecutive week and somehow man-aged to close above 8800.

* In the coming week, we expect volatility to con-tinue due to derivatives expiry and scheduled GST council meet.

*Broadly, we expect Nifty to consolidate further around current levels. However, stocks a

Buy Sonata Software Ltd For Target Rs.230.00 - Religare Sec

Investment Rationale

* Sonata Software Ltd is an IT services and Solutions Company and it is involved in the provision of IT services and solutions to its customers, and distribution of software products in India. The company operates in two major business units: international IT services (IITS) and domestic products and services (DPS).

* It

18/02/2017 3:51:38 PM | Posted in Broking Firm Views - Short Term Report read full news
Hold Tata Steel Ltd For Target Rs.440.00 - Religare sec

Q3 beat, Q4 looks stronger – upgrade to HOLD

TATA’s consol. Q3 EBITDA/PAT of Rs 35.4bn/Rs 1.7bn beat street estimates by 14%/55% led by strong India operations (EBITDA: + 77% QoQ to Rs 33.8bn, EBITDA/t: Rs 11,300 vs. Rs 7,300 in Q2). With TATA guiding for better Q4 EU profits, we expect a stronger performance QoQ as India operations mitigat

18/02/2017 12:19:51 PM | Posted in Broking Firm Views - Long Term Report read full news
Derivative Ideas Hindustan Zinc Ltd For Target Rs.10.00 - Religare

Derivative Ideas

HINDZINC added around 3.7% of open interest as fresh long positions. Call buying (unwinding by writers) was seen as 305 & 310 strike. On charts, it is trading above short term as well as long term moving averages in higher highs higher lows formation. We expect it to test 320 levels in short term. We recommend buying HINDZINC 305 C

17/02/2017 12:03:27 PM | Posted in Broking Firm Views - Short Term Report read full news
Nifty will trigger further up move else range bound bias will continue - Religare

Nifty Outlook

Markets rebounded swiftly today and gained over half a percent. The upbeat trade deficit figure aided a firm start which was supported by select index majors. Mostly sectoral indices traded in line with the benchmark and ended higher. Besides, recovery in the midcap and smallcap space added to the positivity. We feel the consolidation is