Broker’s Recommendations – Intraday Stock Tips For Today 02-02-2017
Check How SGX Nifty Is Trading
Check here to see live SGX Nifty Price.
ICICI Direct Recommentations: Sensex: We stated, “Securing the flame’s low can be certain on a news overwhelming day”The index secured Tuesday”s low on a Every day Calls February 2, 2017 Sensex Daily Candlestick Chart news – overwhelming day… The index secured Tuesdays low on a shutting premise. At first below it, hardly it recouped 570 points on Budget, and timed a net pick up of 486 points or 1.7%. But IT, most divisions turned around. Realty, banks, auto what’s more, FMCG drove the increases while the A/D proportion turned positive 3:1.3 The activity framed the greatest Bull light since December 2016 base, with a lower low yet higher high, containing intra-day inversion on the Budget day. After enormous additions, follow-up quality/close over the flame’s head looks testing as the index is close to the upper Gray channel by and by. Some profit-booking can’t be discounted in such a case.
Nifty Future Tips:
Action : Buy in the range of 8665-8675
Targets : 8725
Stop-loss : 8645
ICICI Direct Stock Tips (Current month future):
Action : Buy in the range of 136.50-137.50
Targets : 139.80
Stop-loss : 135.50
Action : Buy in the range of 1475.00-1485.00
Targets : 1508.60
Stop-loss : 1465.20
ICICI Direct Stock Future Tips:
Buy INDCOU FEB Fut at 186.00-186.40
View: Bullish, Strategy: Buy Future
Target 1: 187.2, Target 2: 189.5
Stop Loss: 185
Sell TCS FEB Fut at 2162.00-2165.00
View: Bearish, Strategy: Sell Future
Target 1: 2149, Target 2: 2117
Stop Loss: 2181
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Sharekhan Calls: The Nifty in today’s session encouraged essentially and framed a bullish outside bar on the every day graph. Our intra-day buy suggestion started at the opening close to 8574 returned a profit of 58 points and was reserved at 8632. Towards the finish of the session, our positional buy suggestion got started at 8673, for which the target is 8741 and the stop loss is 8570. We are amending our here and now and additionally medium-term Nifty target to 8900. For the intra-day traders, we prescribe to start long close to 8675 for an objective of 8735 and a stop loss below 8645. On account of Bank Nifty, we have a positional buy proposal started at 20001 for the objectives of 20310 and 20566, and a stop loss of 19790. For the intra-day traders, we prescribe starting a long close to 19950 for the objective of 20300 and a stop loss below 19790.
Derivatives Ideas: BANKNIFTY futures included around 28% of open interest as crisp long positions. We propose doing a bull call spread according to levels given below.
Strategy: Strategy: Strategy: BUY BANKNIFTY 20100 CE @ 60-62 & SELL 20300 CE @ 20-22, NET PREMIUM PAID 40, STOPLOSS 20 TARGET 100.
Religare Super Ideas
CEATLTD BUY, CMP: 1210.75, Initiation Range: 1200-1220 , SL: 1170, Target: 1325, Duration: 3-5 Days
HINDUNILVR BUY, CMP: 855.40, Initiation Range: 840-845 , SL: 820, Target: 900, Duration: 3-5 Days
It’s been an uncommon day for the value advertises as Nifty picked up about two percent and closed around the day’s high, light by the Union Budget. Members were in the hold up what’s more, watch mode in the main half and responded unequivocally on positive side after the FM’s financial plan discourse. All the sectoral files, notwithstanding IT and pharma, added to the rally and the market expansiveness excessively finished unequivocally on the positive side. We feel a large number of measures to lift utilization and no adjustment in the LTCG has gone down well with the business sectors. Additionally, agreeable monetary deficiency focus of 3.2% and proposition to additionally change FDI approach likewise added to the energy. Put together, things look ideal for here on however we encourage to keep up positive yet careful approach, considering the overbought economic situations.
No call still now.
Fairwealth Recommendation: Nifty :
Nifty : It was stellar execution by Nifty post Budget declaration, as it picked up about 2% and closed close to day’s high. Investment from AUTO, BANKING what’s more, FMCG space lift the momentum. In any case, in spite of quality in more extensive records stocks from PHARMA and IT space traded frail. For today, Asian companions are trading frail and SGX Nifty is too trading down by 34 points at 8705 , demonstrating powerless begin for today. Our intraday run for today is 8660 – 8730. From here on, after yesterday’s solid run we may see some union and profit booking in index for today. On option front 9000 calls have highest open interest and on put side it’s at 8400 put.
Stocks for Today
FORTIS Buy(Dely at 182-183, Stoploss: 179, Target: 188
RELIANCE Buy(Dely at 1030-1040, Stoploss: 1015542, Target: 1080
CEATLTD Buy(Dely at 1180-1200, Stoploss: 1160, Target: 1260
Bank Nifty: Bank Nifty out performed Nifty and settled with smart gains at 20020, +505 points.Banknifty spot range for today is 19800-20100, either side sustainability will decide the further course of action for intraday.
Stocks for Today
No call still now.
Eastern Finance Recommendation:
State Bank of India Close 270.30 BUY Stop 266 Target 277
Mercator Close 46.65 BUY Stop 45 Target 49
M&MFIN Close 286.20 BUY Stop 277 Target 300
Prakash Inds Close 75.90 BUY Stop 73 Target 80
Jubilant Life Close 700.10 BUY Stop 687 Target 720
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.