Broker’s Recommendations – Intraday Stock Tips For Today 01-03-2017
Check How SGX Nifty Is Trading
Check here to see live SGX Nifty Price.
ICICI Direct Recommentations:
Sensex: We said, Inclination negative on the off chance that the index shapes a Bear flame with another lower high-low …” The index kept up the negative inclination with a Bear flame and another lower high-low, and settled 70 points or 0.2% lower. While the weight came from oil and gas stocks, the Realty Index had included 1.4%. The A/D proportion turned insignificantly positive after three negative A/D proportion turned insignificantly positive after three negative days. The activity shaped a moment back to back Bear flame with a lower high-low. Up-pattern can continue if the negative inclination stays limited to only a few days. This would require solid buying to return today or tomorrow. In any case, if the negative predisposition extends past a few days, we could see the index steadily moving towards the lower end of the Gray channel.
Nifty Future Tips:
Action : Sell in the range of 8930-8940
Targets : 8880
Stop-loss : 8960
ICICI Direct Stock Tips (Current month future):
Action : Buy in the range of 1104.00-1110.00
Targets : 1122.20/1132.20
Stop-loss : 1094.10
Action : Buy in the range of 509.00-510.00
Targets : 514.30/520.30
Stop-loss : 504.10
ICICI Direct Stock Future Tips:
Buy GODCON MAR Fut at 1670.00-1672.00
View: Bullish, Strategy: Buy Future
Target 1: 1680, Target 2: 1700
Stop Loss: 1660
Sell BHAPET MAR Fut at 667.00-668.00
View: Bearish, Strategy: Sell Future
Target 1: 664.7, Target 2: 658
Stop Loss: 671.
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Sharekhan Calls: The Nifty opened imperceptibly positive however rolled down to test different supports. Since last couple of sessions Nifty has entered redress mode, which proceeded with further today. Thus of the minor degree plunge the index has achieved lower end of the medium term rising channel, which holds the key for further course of activity. As far as Fibonacci retracement Nifty has remembered 38.2% of the current ascent. In this way 8880-8850 will be the key support territory from close term point of view. The bigger pattern being certain the minor degree plunge can be accepted as a buying open door. On the higher side, a week ago’s high of 8982 will be the key obstacle to look out for. Once that is crossed the bulls will push the benchmark index towards the record-breaking high of 9119, which is our fleeting target.
Derivatives Ideas: APOLLOTYRE included around 1.60% of open interest as long positions. Call buying was seen at 195 strike and some put composing was seen at 185 and 180 strike. We propose buying 195 CE according to specified levels.
Strategy:BUY APOLLOTYRE 195 CE AT 4.50-5, SL 1.80, TARGET 12.
Religare Super Ideas
HAVELLS BUY, CMP: 406.10, Initiation Range: 402-405 , SL: 392, Target: 432, Duration: 3-5 Days
IBREALEST BUY, CMP: 80.60, Initiation Range: 80-81, SL: 78, Target: 88, Duration: 3-5 Days
NIFTY View Nifty crawled insignificantly lower as profit taking keeps refering to alert in front of the US President’s discourse and the second from last quarter GDP figure. In accordance with the benchmark index, sectoral lists too had a dull session and dominant part finished on level note. All inclusive, members are peering toward the US President’s discourse and seeking after some solid arrange this time. On household front, the second from last quarter GDP figure would mirror the genuine mark to the financial as it incorporates information till December and that may likewise bring about the change in the propel gauges for FY17 GDP figures. To put it plainly, we expect an unpredictable begin and recommend traders to attend to side lines and let the business sectors settle down first before starting any new trade.
No call still now.
Nifty : Nifty traded feeble and settled at 8879,- 17 points on Tuesday. On sectoral front stocks from METAL pack performed well, though weight was seen in Vitality counters. For today, Asian markets are trading with positive inclination and SGX Nifty is trading level at 8912, showing a level begin for local markets. Nifty spot extend for today is 8850-8910, either side maintainability will choose the further game-plan for today. On option front 8500 PE have highest open interest on put side and on calls side it’s at 9000 CE. From here on positional levels for Nifty is 8800 – 9000.
Stocks for Today:
SINTEX Dely Buy at 96-96.50, Stoploss: 94, Target: 101
M&MFIN Buy Above at 295, Stoploss: 291, Target: 302
HINDALCO Dely Buy at 182-183, Stoploss: 180, Target: 188
Bank Nifty: Bank Nifty performed in line with Nifty and settled at 20607, -5 points.Bank Nifty spot range for today is 20450-20750, either side sustainability will decide the further course of action for today.
Stocks for Today:
No call still now.
Eastern Finance Recommendation:
Karnataka Bank Close 137.70 BUY Stop 134 Target 144
Tata Sponge Iron Close 653 BUY Stop 639 Target 675
Jindal Stainless Close 58.10 BUY Stop 57 Target 60
Reliance Comm Close 38.90 BUY Stop 38 Target 41
Century Plyboards Close 250.15 BUY Stop 244 Target 260
Remember: This recommendations are by brokers and we have collated them for our readers. Please read the disclaimers carefully before trading.
Moumita is a master's degree holder in Bengali from Kalyani University. She is well conversant in BPO and also in computer applications. She is an avid learner of stock market and the newest addition to StockManiacs team.