BHARATFIN added around 31% of open interest as fresh long positions. Daily vwap is around 835 levels. Call buying was seen at 840 & 860 strikes. On charts, it has created a buying pivot on daily as well as on intraday charts. it is also trading above important price support zone of 805-800 on daily charts. We sugge
SYNDIBANK has been trading with the negative bias after its failed attempts to surpass its 200 EMA on daily chart. Its current chart pattern indicates further weakness so traders can short sell as per the mentioned levels.
Markets rebounded swiftly and gained over half a percent, thanks to favourable domestic cues. It opened gap up but lack of follow-up buying capped the upside as the session progressed. However, scenario changed in last half an hour as noticeable rebound was witnessed in select index majors, which added to the morning gains.
Nifty opened gap down and ended with cut of nearly a percent, mainly pressurised by weak global cues. Sentiments soured in reaction to the slide in world markets, citing uncertainty over the key reforms in the US. Traders also took note of the recent proposal by the government to further curb cash transactions. As a result, broad-base sel
ONGC shed around 1.5% of open interest as short covering from important price support of 190 levels. Call unwinding by writers seen at OTM strikes and put writing was seen at 190 strike. Maximum positions are at 190 PE. We suggest doing a covered call in ONGC as per below mentioned levels.
FEDERALBNK is holding strongly around its record high while sustaining above the short-term moving average on daily chart. Further, its chart pattern indicates possibility of fresh surge ahead. We suggest accumulating fresh in the mentioned range.
22/03/2017 9:28:56 AM|Posted in Broking Firm Views - Short Term Reportread full news
Nifty settled almost unchanged after trading volatile in a narrow range. It was a tough day for traders as mostly sectoral indices traded in line with benchmark and failed to see any directional move. Similarly, movement in cash segment was slightly skewed towards the negative side, further adding to their difficulty.
Shankara is one of the leading organized retailers of home improvement and building products in India based on number of stores, operating under the trade name Shankara BuildPro. As on December 31, 2016, the company operated 103 Shankara BuildPro stores spread across 9 states and 1 union territory in India. The company caters to a lar
DIVISLAB added around 4.5% of open interest as fresh long positions. Daily vwap is around 786.50 levels. On charts, it has witnessed upside breakout from two month long congestion zone with noticeable rise in volumes. We suggest buying DIVISLAB as per levels given below.
Nifty inched marginally lower today as profit taking continues citing weak global cues. In line with the benchmark index, sectoral indices too had a dull session and majority ended on flat note. Amid all, movement continued on the stock specific front which kept the participants occupied till the end.
JKTYRE, after a recent breakout from its mid and short-term moving averages (100/50 EMA) on daily chart, has witnessed a marginal pause, offering fresh opportunity to re-enter. Hence, we suggest traders can accumulate as per the mentioned levels.
20/03/2017 12:07:43 PM|Posted in Broking Firm Views - Short Term Reportread full news
Markets settled almost unchanged in a volatile session today as participants preferred to book some profit taking at higher levels. The news of GST Council clearing important legislations combined with firm global cues led a gap up start, but soon it fizzled out as traders opted to book some profit after the recent surge. Mostly sectoral
AJANTPHARM added around 4.5% of open interest as long positions along with some delivery based buying in previous sessions. On charts, stock has created a fresh buying pivot on daily as well as weekly charts. We recommend buying AJANTPHARM as per levels mentioned below.