Buy Glenmark Pharma Ltd For Target Rs.950-970.00 - Reliance Sec

* Glenmark Pharma reversed after taking support of its long-term moving average 200-day SMA and also its intermediate rising trend line.

* Positive cross-over in key technical indicators from their oversold zone is signaling that stock is on verge of turnaround and soon it will resume the uptrend.

* On the higher side, the stock will face hurdles around its

24/03/2017 11:50:11 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy Bajaj Corp Ltd For Target Rs.481.00 - Reliance Sec

STOCK IN FOCUS

* In the light of demonetisation and its resultant impact on consumer demand, Bajaj Corp has reported decent numbers in 3QFY17.

*The company has a very robust pricing power in its flagship brand and has been able to take regular price increases and enhance its margin profile.

* We expect Bajaj Corp to post revenues of

24/03/2017 11:44:14 AM | Posted in Broking Firm Views - Short Term Report read full news
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
Sell Tata Chemicals Ltd For Target Rs.540.00 - Reliance Sec

* Tata Chemicals reversed after forming “Double Top Pattern” around Rs592 and slipped to five days closing low.

* We believe that stock will remain in pressure for the near-term as negative divergence in RSI and MACD w.r.t. prices is signaling about lack of fresh buying interest.

* On the lower side, the stock will find major support around the rising trend line,

23/03/2017 11:47:51 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy HCL Technologies Ltd For Target Rs.963.00 - Reliance Sec

STOCK IN FOCUS

* HCL Technologies’ stock price rose 1.8% in yesterday’s trade, while the BSE Sensex declined by 1.1%.

* HCLT’s 3QFY17 revenue rose 1.3% qoq in USD terms (3% qoq in CC terms), led mainly by Engineering Services (+5.9% QoQ in USD terms,, +7% in CC terms).

* A positive sign was reitera

23/03/2017 11:42:15 AM | Posted in Broking Firm Views - Short Term Report read full news
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

Buy Srikalahasthi pipes Ltd For Target Rs.390.00 - Reliance Sec

STOCK IN FOCUS

* Srikalahasthi pipes (SPL) closed ~3% higher outperforming the CNX Mid-cap index by 3% supported by 1.1x its 2-week average traded volume

* Lack of adequate sanitation has been prompting the government to focus on improving water supply and sewerage infrastructure through multiple schemes like JNNURM & Swa

22/03/2017 11:30:12 AM | Posted in Broking Firm Views - Short Term Report read full news
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

Buy CESC Ltd For Target Rs.876-900.00 - Reliance Sec

*The stock is in strong up-trend as it reversed after taking support of Rs790, which is 23.6% Fibonacci Retracement level of prior upmove (i.e. 527-876).

* Key technical indicators are positively poised above their neutral line and about to give positive cross-over.

* As per the current daily set-up, we believe that stock will continue the northward rally and record fresh hi

21/03/2017 11:55:04 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy Ramco Cements Ltd For Target Rs.750.00 - Reliance Sec

STOCK IN FOCUS

Ramco Cements (RCL) gained over 3% in yesterday’s trade on the expectation of better performance ahead.

* Though 4QFY17 result is expected to be subdued for southern based companies, RCL is expected to deliver better profitability in ensuing quarters with the visible reduction in debts and better o

21/03/2017 11:50:02 AM | Posted in Broking Firm Views - Short Term Report read full news
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

Buy Container Corporation of India Ltd For Target Rs.1315.00 - Reliance Sec

*  The stock is making higher bottoms consistently on its daily charts moving above its short and medium term averages confirming the up move in the coming weeks.

*  The key technical indicators RSI has turned upwards we have seen huge delivery based buying the in the past few days with positive price action.

*  The stock has also poised for a sharp pattern br

20/03/2017 12:38:03 PM | Posted in Broking Firm Views - Short Term Report read full news
Buy Indian Bank Ltd For Target Rs.316.00 - Reliance Sec

STOCK IN FOCUS

*  Indian Bank closed 2.6% higher along with sharp surge in trading volume, outperforming benchmark NIFTY by 2.6%.

*  Despite tough operating scenario, the Bank has delivered an improved performance in 3QFY17/9MFY17 on key operating and asset quality parameters.

*  The Bank has delivered healthy growth

20/03/2017 12:28:31 PM | Posted in Broking Firm Views - Short Term Report read full news
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