Buy Dish TV India Ltd For Target Rs.104.00 - Religare Sec

Dish TV India Limited

After a strong surge of late, DISHTV is witnessing marginal profit taking and retraced closer to its support zone of short-term moving averages on daily chart. We recommend traders to initiate fresh long positions in the given range.

22/05/2017 12:11:15 PM | Posted in Broking Firm Views - Short Term Report read full news

Derivative Ideas Nifty For Target Rs.30.00 - Religare Sec

DERIVATIVES OUTLOOK

*  Nifty futures volume weighted average price (VWAP) is at 9370 and Banknifty futures is at 22600.

*  Nifty and Banknifty futures closed with premium of around 19 & 25 points respectively.

*  Nifty call writing was seen at 9500 strike, put buying (unwinding by writers) was seen at 9500 strike.

20/05/2017 4:34:50 PM | Posted in Broking Firm Views - Short Term Report read full news
Derivative Ideas Nifty For Target Rs.56.00 - Religare Sec

Derivative Ideas

Put buying (unwinding by writers) was seen at 9500 & 9400 strikes. Huge call writing was seen at 9500 strike. We suggest buying Nifty May 9400 PE as per levels mentioned below.

 

Strategy:

BUY NIFTY MAY 9400 PE BETWEEN 36-38, SL 26, TARGET 56.

 

19/05/2017 9:37:48 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy ITC Ltd For Target Rs.288.00 - Religare Sec

ITC Limited

ITC has been consolidating in a narrow range for last two months and currently hovering around lower band of its range, offering an opportunity to the traders for fresh longs

 

19/05/2017 9:30:51 AM | Posted in Broking Firm Views - Short Term Report read full news
Derivative Ideas Mahanagar Gas Ltd For Target Rs.1,010.00 - Religare Sec

Derivative Ideas

MGL added around 14% of open interest as long positions along with some delivery based buying in previous session. On charts, it has created a buying pivot on daily as well as on intraday charts. it is also trading above important exponential moving averages in higher highs - higher lows formation on daily charts. We r

18/05/2017 1:44:13 PM | Posted in Broking Firm Views - Short Term Report read full news
Buy Vedanta Ltd For Target Rs.255.00 - Religare Sec

Vedanta Limited

In line with rebound in metal pack, VEDL has recovered strongly of late and formed a fresh buying pivot on the daily chart. It’s currently trading closer to its multiple moving averages, acting as cushion. All indications are in the favour of strong surge ahead.

18/05/2017 1:35:34 PM | Posted in Broking Firm Views - Short Term Report read full news

Derivative Ideas LIC Housing Finance Ltd For Target Rs.725.00 - Religare Sec

Derivative Ideas

LICHSGFIN added around 1.2% of open interest as long positions along with some delivery based buying in previous trading session. Daily vwap is around 691 levels. On charts, stock has created a buying pivot on daily as well as on intraday charts. it has resumed its uptrend from price support of 675-680 levels. We sugge

17/05/2017 11:57:49 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy Amara Raja Batteries Ltd For Target Rs.970.00 - Religare Sec

Amara Raja Batteries Limited

AMARAJABAT has posted a fresh breakout from its “Inverted Head and shoulder Pattern” of late and currently witnessing a marginally profit taking, offering a fresh buying opportunity for the traders. Hence, we suggest initiating fresh longs in the given range.

17/05/2017 11:49:50 AM | Posted in Broking Firm Views - Short Term Report read full news

Technical Recommendation 16th May 2017

SCRIP NAME AND SYMBOL - Bharat Financial Inclusion Limited

TECHNICAL RATIONALE – BHARATFIN is now trading on the verge of breakout after completing its three-month long corrective phase. Existence of multiple of moving averages combined with the chart formation adding to the positivity and indicating possibility of strong surge i

16/05/2017 3:34:36 PM | Posted in Broking Firm Views - Short Term Report read full news
Derivative Ideas Tata Power Company Ltd For Target Rs.87.00 - Religare Sec

Derivative Ideas

TATAPOWER added around 1.5% of open interest as fresh long positions. On charts, it has witnessed fresh buying from important price support of 81.50 on daily charts. It is also trading above 100/200 EMAs on daily charts. We suggest buying TATAPOWER May futures as per levels mentioned below.

 

Str

16/05/2017 11:58:20 AM | Posted in Broking Firm Views - Short Term Report read full news
Accumulat Rallis India Ltd For Target Rs.290.00 - Religare Sec

Rallis India Ltd

Investment Rationale

* Rallis is present across the agricultural value chain ranging from hybrid seeds (through its subsidiary Metahelix) to plant growth nutrients to organic manure & soil conditioners (through its subsidiary Zero Waste Agro Organics) to crop protection (agro chemicals).<

15/05/2017 12:34:41 PM | Posted in Broking Firm Views - Short Term Report read full news
Sell Bata India Ltd For Target Rs.550.00 - Religare Sec

Bata India Limited

Despite strong momentum in the benchmark In-dex, BATAINDIA has failed to regain its momen-tum, facing a strong resistance around 595 levels. At current juncture, it has formed a fresh shorting pivot and likely to see fresh decline ahead

15/05/2017 12:09:07 PM | Posted in Broking Firm Views - Short Term Report read full news

Derivative Ideas For Nifty - Religare Sec

DERIVATIVES OUTLOOK

* Nifty May futures volume weighted average price (VWAP) is at 9330 and Banknifty futures is at 22420.

* Nifty and Banknifty futures closed with premium of around 20 & 13 points respectively.

* Nifty call writing was seen at 9500 & 9400 strikes, put writing was seen at 9200 strike and put buying (unwindin

13/05/2017 5:26:42 PM | Posted in Broking Firm Views - Short Term Report read full news
Buy Tata Elxsi Ltd For Target Rs.1,470.00 - Reliance Se

* The stock is consolidating after forming bottom at Rs 1435 with positive price action in the past few weeks, 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 l

12/05/2017 2:20:07 PM | Posted in Broking Firm Views - Short Term Report read full news
Buy Majesco Ltd For Target Rs.556.00 - Reliance Se

STOCK IN FOCUS

* Majesco’s stock rose by 2.4% yesterday, while the BSE Sensex was flat. While the company reported a disappointing 4QFY17, with revenue down 6.2% QoQ in USD terms, we believe underlying industry fundamentals and the key IBM partnership will enable Majesco to boost revenue growth in FY18E.

* Under-penetrated and significa

12/05/2017 2:14:43 PM | Posted in Broking Firm Views - Short Term Report read full news
Buy Lakshmi Vilas Bank Ltd For Target Rs.200.00 - Religare Sec

Lakshmi Vilas Bank Limited

After witnessing marginal profit taking from the top, LAKSHVILAS has formed a fresh buying pivot after consolidating around the short term moving average on daily chart. Traders can accumulate fresh in the given range.

12/05/2017 2:09:55 PM | Posted in Broking Firm Views - Short Term Report read full news

Buy Apollo Tyres Ltd For Target Rs.250.00 - Religare Sec

Apollo Tyres Limited

APOLLOTYRE has retraced marginal from its 52-week high due to profit booking and reached closer to its support zone around 226 levels, offering a fresh buying opportunity. Existence of multiple moving averages combined with chart formation are also pointing towards strong rebound.

12/05/2017 2:06:29 PM | Posted in Broking Firm Views - Short Term Report read full news

Derivative Ideas BEML Ltd For Target Rs.1,420.00 - Religare Sec

Derivative Ideas

BEML added around 3.5% of open interest as fresh long positions along with some delivery based buying in previous sessions. On charts, it has created a fresh buying pivot from the price support zone of 1335-1340 levels. It is also trading above 50/100/200 EMAs on daily charts. We suggest buying BEML May futures as per

11/05/2017 1:42:06 PM | Posted in Broking Firm Views - Short Term Report read full news