Derivative Ideas Bharat Financial Inclusion Ltd For Target Rs.28.00 - Religare Sec

Derivative Ideas

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

24/03/2017 11:38:23 AM | Posted in Broking Firm Views - Short Term Report read full news
Sell Syndicate Bank Ltd For Target Rs.63.00 - Religare Sec

Syndicate Bank (SYNDIBANK)

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.

24/03/2017 9:41:58 AM | Posted in Broking Firm Views - Short Term Report read full news
Indications are in the favour of consolidation in near future while volatility will continue on the stock specific front - Religare Sec

Nifty Outlook

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.

Indi

Derivative Ideas Nifty For Target Rs.82.00 - Religare Sec

Derivative Ideas

NIFTY Futures has seen fresh short buildup in yesterdays trade. Nifty call option writing is seen in 9100 strike. we expect Nifty to be in 9100 - 8950 range.

 

Strategy:

BUY NIFTY 9050 PE @ 50 - 52, Stop loss @ 36 and target @ 82.

 

23/03/2017 11:36:33 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy Cummins India Ltd For Target Rs.960.00 - Religare Sec

Cummins India Limited (CUMMINSIND)

CUMMINSIND is holding strongly above its multiple moving averages on daily chart and formed a fresh buying pivot. Traders can use any dip to add fresh longs in the given range.

 

23/03/2017 11:31:05 AM | Posted in Broking Firm Views - Short Term Report read full news

Consolidation is more likely in near future focus more on trade management - Religare Sec

Nifty Outlook

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

Buy The Federal Bank Ltd For Target Rs.96.00 - Religare Sec

The Federal Bank Limited (FEDERALBNK)

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 Report read full news

We reiterate our bullish view on markets and suggest continuing with buy on dips approach - Religare Sec

Nifty Outlook

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.

The market

IPO Product Note Shankara Building Products Ltd - Religare Sec

About the Company

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

Buy DIVI'S Laboratories Ltd For Target Rs.855.00 - Religare Sec

Derivative Ideas

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.

 

Strate

21/03/2017 9:53:56 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy Indiabulls Real Estate Ltd For Target Rs.90.00 - Religare Sec

Indiabulls Real Estate Limited ( IBREALEST)

IBREALEST has been trading firmly above its multiple moving averages i.e.(200/100/50 day EMA’s) on daily chart and formed a strong base around 80. The chart shows it’s all set for fresh surge .

 

21/03/2017 9:49:06 AM | Posted in Broking Firm Views - Short Term Report read full news

Buy Granules India Ltd For Target Rs.145.00 - Religare Sec

Granules India Limited (GRANULES)

GRANULES has registered a fresh buying pivot on the daily chart after consolidating in a narrow range above its multiple moving averages. We advise traders to accumulate fresh in the given range.

21/03/2017 9:47:07 AM | Posted in Broking Firm Views - Short Term Report read full news

It`s a normal profit taking phase & we advise to utilise it for adding quality counters gradually - Religare Sec

Nifty Outlook

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.

With no major event lined u

Buy JK Tyre & Industries Ltd For Target Rs.144.00 - Religare Sec

JK Tyre & Industries Ltd

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 Report read full news

Suggest focusing more on the auto, banking & NBFCs for fresh buying alongside with select FMCG & capital goods counters- Religare Sec

Nifty Outlook

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

Buy Ajanta Pharma Ltd For Target Rs.1880.00 - Religare Sec

Strategy:-

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.

 

BUY AJANTPHARM MAR FUTS BETWEEN 1775-1785, S

18/03/2017 10:55:57 AM | Posted in Broking Firm Views - Short Term Report read full news
Derivative Ideas For Nifty - Religare Sec

DERIVATIVES OUTLOOK

* Nifty Mar futures volume weighted average price (VWAP) is at 8990 and Banknifty futures is at 20870.

* Nifty futures closed at a premium of around 8 points and Banknifty futures at around 62 points.

* Nifty Call writing was seen at 9200 & 9300 strikes and put writing was seen at 9100 & 9000 strikes. Hig

18/03/2017 10:53:06 AM | Posted in Broking Firm Views - Short Term Report read full news
Nifty FMCG index performed well in passing week - Religare Sec

NIFTY OUTLOOK

* Nifty, after two weeks of consolidation, surged strongly in the passing week and made a new record high above 9200.

* Favorable cues, both from the domestic and global front, helped index to witness breakout and gain nearly 2.5% .

* Markets are currently riding on the wave of optimism and we expect this continue ahea