Buy ABB India Ltd For Target Rs.1,607.00 - Reliance Se

STOCK IN FOCUS

* ABB India reported strong earnings in 2QCY17. Its PAT grew by 34.9% YoY at Rs0.75bn in 2QCY17 while revenue rose by 6.0% YoY to Rs23.3bn in line with our estimate owing to better execution in Electrification Products (+20% YoY).

* ABB India was among the earliest players to tap solar opportunity in India via range of solar in

21/07/2017 3:01:02 PM | Posted in Broking Firm Views - Short Term Report read full news
Buy Tata Consultancy Services Ltd For Target Rs.2,580.00 - Reliance Se

* The stock has bounced from its long term averages with sustained positive price momentum in the past few days confirming an uptrend.

* The key technical indicator has also reversed from their lower levels and is expected to break on the upside.

* The stock has strong support on its weekly charts holding the short and medium term averages and the positive divergence in the

20/07/2017 1:30:28 PM | Posted in Broking Firm Views - Short Term Report read full news
Update On JSW Energy Ltd - Reliance Se

STOCK IN FOCUS

* JSW Energy’s recent acquisition of 1,391MW hydel capacity led to total 4,531MW generation capacity from 3,140MW that aided good revenue performance but reported PAT continue to decline due to lower realization, higher interest cost, depreciation costs and loss in hydro assets.

* We believe that the negatives relating to

20/07/2017 1:26:22 PM | Posted in Broking Firm Views - Short Term Report read full news
Buy Gail India Ltd For Target Rs.413.00 - Reliance Se

* The stock has bounced back from its 200 day average with positive momentum in the past week, there was mild profit booking in today’s trade which should be used to buy on declines.

* The key technical indicator RSI has also reversed turning upwards confirming the uptrend in the coming days. .

* The stock is has closed above its band of its averages and with the secto

18/07/2017 3:02:31 PM | Posted in Broking Firm Views - Short Term Report read full news
Buy State Bank of India Ltd For Target Rs.355.00 - Reliance Se

STOCK IN FOCUS

* SBI closed 0.6% higher, outperforming benchmark NIFTY by 0.3%

* Post mega merger, SBI stands to gain market share in fastgrowing Retail and SME segments. Further, the Bank has been able to deliver relatively better operating performance compared to its peers despite elevated stress in balance sheet.

* Moreover, the

18/07/2017 2:56:33 PM | Posted in Broking Firm Views - Short Term Report read full news
Derivative Ideas Muthoot Finance Ltd For Target Rs.502.00 - Religare Sec

Derivative Ideas

Muthoot Finance has witnessed good short covering in last trading session. The scrip has also breached a stiff resistance of 464,we expect follow up buying and the stock to rally towards 504 in the short term.

 

Strategy:

BUY Muthoot Finance July@472-

17/07/2017 11:24:53 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy CESC Ltd For Target Rs.975.00 - Religare Sec

CESC Limited

CESC has rebounded swiftly today i.e. July 14 after spending nearly a month around the support area of 100 EMA on daily chart. This rebound was supported by noticeable rise in volume, indicating the momentum to continue.

17/07/2017 11:22:13 AM | Posted in Broking Firm Views - Short Term Report read full news

Buy Capital First Ltd For Target Rs.775.00 - Religare Sec

Capital First Limited

In line with other NBFC counters, CAPF has surged strongly of late and also witnessed an upside breakout from a consolidation range. It now looks upbeat for fresh up move thus traders shouldn’t miss this opportunity and accumulate in the given range.

17/07/2017 11:18:47 AM | Posted in Broking Firm Views - Short Term Report read full news

Buy Bank Nifty For Target Rs.70.00 - Religare Sec

Strategy:-

Banknifty futures has been adding fresh long positions. Banknifty is likely to be in a range of around 23600-24300 for next 4-5 sessions. We recommend doing a bull call spread in 20th July Banknifty 24200/24400 CE as per levels given below.

 

Strategy:

BUY BANKNIFTY 20th JU

15/07/2017 12:16:47 PM | Posted in Broking Firm Views - Short Term Report read full news
Derivative Ideas For Nifty - Religare Sec

DERIVATIVES OUTLOOK

* Nifty futures volume weighted average price (VWAP) is at 9720 and Banknifty futures is at 23500.

* Put writing was seen at Nifty 9700 & 9800 strikes.

* Maximum positions are at 9900CE and 9600 PE. Nifty is expected to be in the range of 9800-10100.

* Telecom, Cement, Oil & Gas, Banks and Pharm

15/07/2017 12:14:44 PM | Posted in Broking Firm Views - Short Term Report read full news
Derivative Ideas Dewan Housing Finance Corporation Ltd For Target Rs.465.00 - Religare Sec

Derivative Ideas

DHFL added around 3% of open interest as fresh long positions. On charts, it has breached past 10 sessions’ congestion zone on the higher side with noticeable rise in volumes. It is also trading in higher highs-higher lows formation on charts. Hence, we suggest buying DHFL July futures as per levels given below.<

14/07/2017 2:49:33 PM | Posted in Broking Firm Views - Short Term Report read full news
Buy Motherson Sumi Systems Ltd For Target Rs.345.00 - Reliance Se

* Motherson Sumi is in the strong up-trend, as stock reversed after taking support of its 23.6% Fibonacci Retracement level of prior multimonth rise (from Rs202 to 329) and later, it has managed to recover partial losses.

* Due to recent recovery in the prices, RSI reversed from the crucial level-50 and MACD has given positive cross-over, which is signaling strength in the stock.

14/07/2017 2:27:26 PM | Posted in Broking Firm Views - Short Term Report read full news
Buy HDFC Ltd For Target Rs.1,786.00 - Reliance Se

STOCK IN FOCUS

* HDFC closed 1% higher, outperforming benchmark NIFTY Index by 0.3%

* Over the last few years, HDFC Ltd has proven its competitive edge over its peers through decent growth in business, stable spreads, well-managed asset quality and better performance in other financial business subsidiaries. Consequently, the stock traded at

14/07/2017 2:20:09 PM | Posted in Broking Firm Views - Short Term Report read full news
Buy Indiabulls Housing Finance Ltd For Target Rs.1,187.00 - Reliance Se

* Indiabulls Housing Finance is in the strong up-trend, as stock reversed after taking support of its 23.6% Fibonacci Retracement level of prior multi-month leap (from Rs605 to 1187) and managed to recover partial losses.

* Due to recent recovery in the prices, key technical indicator-RSI also reversed from sub-60 mark and about to give positive cross-over, which is signaling strength

14/07/2017 1:33:01 PM | Posted in Broking Firm Views - Short Term Report read full news
Positive On Hindustan Zinc Ltd For Target Rs.301.00 - Reliance Se

STOCK IN FOCUS

* Hindustan Zinc Ltd (HZL) outperformed the Nifty Metal Index and closed 1% higher.

* The company recently announced its 4QFY17 results and delivered the best ever quarterly performance primarily on account of record mined metal volume and strong zinc prices

* Its EBITDA rose by 187% YoY and 35% QoQ to Rs37.5bn. Mined

14/07/2017 1:29:20 PM | Posted in Broking Firm Views - Short Term Report read full news
Derivative Ideas V-Guard Industries Ltd For Target Rs.195.00 - Religare Sec

Derivative Ideas

VGUARD added around 2% of open interest as fresh long positions along with some delivery based buying in previous session. On charts, it is hold strong above its medium term moving averages. Keeping in mind the recent developments on chart and derivatives front, we recommend buying VGUARD July futures as per levels giv

13/07/2017 9:49:24 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy Indiabulls Housing Finance Ltd For Target Rs.1,190.00 - Religare Sec

Indiabulls Housing Finance Limited

IBULHSGFIN witnessed a marginal profit taking from its 52 week high and retraced closer to the support zone of short term moving averages on daily chart. After hovering around that zone for few weeks, it looks all set to resume the uptrend again. We advise to accumulate in the given range.

13/07/2017 9:45:51 AM | Posted in Broking Firm Views - Short Term Report read full news

Buy Havells India Ltd For Target Rs.500.00 - Religare Sec

Havells India Limited

HAVELLS has been consolidating in a broader range for last two months while holding strongly above the support zone of multiple moving averages on daily chart. The chart pattern along with confirmation indicators are clearly pointing towards a strong surge ahead.

13/07/2017 9:38:46 AM | Posted in Broking Firm Views - Short Term Report read full news

Sell Tata Chemicals Ltd For Target Rs.590.00 - Reliance Se

* Tata Chemicals witnessed sharp rebound from Rs585, but later the stock reversed after facing resistance of its life-time-high (Rs666.5) and slipped to 5-day closing low.

* Due to recent decline in the prices, key technical indicators-Stochastic and RSI reversed from their overbought zone and bear market resistance area (60-67) respectively, signaling near-term weakness in the stock.

12/07/2017 1:48:36 PM | Posted in Broking Firm Views - Short Term Report read full news
Buy IndusInd Bank Ltd For Target Rs.1,716.00 - Reliance Se

STOCK IN FOCUS

* IndusInd Bank closed flat, outperforming benchmark Bank NIFTY by 0.4%.

* The bank has delivered a healthy performance on operating as well as assets quality front in 1QFY18. Its profit after tax grew by 26.5% YoY and 11.3% QoQ to Rs8.4bn led by robust growth in balance sheet and healthy improvement in NII and fee-based income

12/07/2017 1:43:22 PM | Posted in Broking Firm Views - Short Term Report read full news
Derivative Ideas Mahanagar Gas Ltd For Target Rs.1,035.00 - Religare Sec

Derivative Ideas

MGL added around 18% of open interest as long positions. Daily vwap is around 993 levels. It is also trading on verge of congestion zone breakout on daily charts. We recommend buying MGL July futures as per levels given below.

 

Strategy:

BUY MGL JULY

12/07/2017 9:50:00 AM | Posted in Broking Firm Views - Short Term Report read full news
Sell Bank of Baroda Ltd For Target Rs.155.00 - Religare Sec

Bank of Baroda

The PSU banking pack is still underperforming and in fact some of the counters are trading well below their long term averages, indicates negative bias. Amongst all, BANKBARODA has formed a fresh shorting pivot after its failed attempt to cross resistance zone around 170. Traders can initiate fresh shorts in the given range.

12/07/2017 9:47:43 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy PC Jeweller Ltd For Target Rs.270.00 - Religare Sec

PC Jeweller Limited

After retracing marginal from its record high, PCJEWELLER has formed a strong base near the support zone of short-term moving average on daily chart. The chart formation and positioning of oscillators are pointing towards fresh surge in near future.

12/07/2017 9:45:14 AM | Posted in Broking Firm Views - Short Term Report read full news