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.
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 Reportread full news
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 Reportread full news
Markets ended marginally lower in a volatile day, citing weak global cues. It opened with a downtick and hovered range bound thereafter. However, recovery in select index majors in the latter half trimmed the losses. It was a mixed session on sectoral front too wherein mostly indices closed on flat note.
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
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.
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.
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
POWERGRID has been hovering in a narrow range near to its record high for almost two months and now trading on the verge of breakout from the same. Traders shouldn’t miss this chance and initiate long trades in the given range
20/06/2017 1:29:03 PM|Posted in Broking Firm Views - Short Term Reportread full news
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 Reportread full news
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
After a decent correction from its 52-week high, CENTURYTEX has swiftly rebounded from the support area of medium term moving averages on daily chart and formed a fresh buying pivot. Traders can accumulate fresh in the given range.
19/06/2017 12:26:54 PM|Posted in Broking Firm Views - Short Term Reportread full news
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.
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
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.
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 Reportread full news
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.
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
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