Broker’s Recommendations – Intraday Stock Tips For Today 02-03-2017
Check How SGX Nifty Is Trading
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ICICI Direct Recommentations: Sensex: We stated, “Up pattern can continue if the negative predisposition remains limited to a few days … buying to return today …” Buying did return following a two-day stop. Opening hole up, the index surged 241 points or 0.8% higher. While the Realty Index shot up 3.5%, metals, FMCG and bank segments l ttt db Th A/D ti tiditi also attracted buyers. The A/D ratio continued positive as a result. The activity shaped a Bull flame, proposing resumption of up-pattern after the two-day delay. With positive worldwide signs overnight the index could begin positive We may in any case overnight, the index could begin positive. We may, in any case , watch if the activity expands on introductory increases to fortify and close above a week ago’s and 2016’s highs of 29065-77. Disappointment could turn the index dubious and unstable at higher levels.
Nifty Future Tips:
Action : Buy in the range of 8970-8980
Targets : 9030
Stop-loss : 8950
ICICI Direct Stock Tips (Current month future):
Action : Buy in the range of 877.00-879.00
Targets : 886.70/893.30
Stop-loss : 870.10
Action : Buy in the range of 360.00-362.00
Targets : 364.80/367.80
Stop-loss : 357.10
ICICI Direct Stock Future Tips:
Buy SUNPHA MAR Fut at 695.00-697.00
View: Bullish, trategy: Buy Future
Target 1: 707, Target 2: 727
Stop Loss: 687
Sell GAIL MAR Fut at 506.00-508.00
View: Bearish, Strategy: Sell Future
Target 1: 502.7, Target 2: 496
Stop Loss: 509.3
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Sharekhan Calls: The Nifty opened hole up today, over 8900 check, which gone about as a support. Thus the index climbed towards the hourly and every day upper Bollinger Bands. In last couple of sessions Nifty had framed a minor degree remedy, which had shaped a three wave structure on the hourly diagram. Accordingly of the minor degree plunge the index had achieved lower end of the medium term rising channel and had backtracked 38.2% of the current ascent. Subsequently from the level of 8867 Nifty has begun next leg on the upside. In transit up Nifty has shaped a drive on the hourly graph, which underscores the bigger up pattern. On the higher side, a week ago’s high of 8982 will be the key obstacle to keep an eye out for. Once that is crossed the bulls will push the benchmark index towards the untouched high of 9119, which is our transient target.
Derivatives Ideas: \SBIN has made a crisp buying turn on every day outlines, and it is likewise trading above essential short term and in addition long haul moving averages on same time allotment. Put composing was seen at 270 strike and call buying was seen at 275 strike. We anticipate that it will rally till 283 levels in here and now. Henceforth, we recommend doing bull call spread in SBIN according to levels given below.
Strategy: BUY SBIN 275 CE AT 7-7.20 & SELL 285 CE AT 3.60-3.80, SPREAD AT 3.40, SL 2, TARGET 8.
Religare Super Ideas:
BHARATFORG BUY, CMP: 1051.95, Initiation Range: 1045-1055, SL: 1025, Target: 1110, Duration: 3-5 Days
HAVELLS BUY, CMP: 410.35 , Initiation Range: 406-410 , SL: 395, Target: 440, Duration: 3-5 Days
NIFTY View Nifty: Nifty increased over a large portion of a percent today, light by firm residential signals. India’s second from last quarter Gross domestic product number came at 7% which emphatically astonished the members, dying down dread of mark on economy post demo netisation. All the sectoral records took an interest in the move what’s more, market broadness excessively finished on the propelling side. Nifty requirements definitive break over 9000 for new momentum else union will proceed. Having said that, we propose remaining with the pattern and proceeding with buy on plunges approach. At present, stock choice is the key.
No call still now.
Nifty : Nifty increased over a large portion of a percent and settled at 8945, +66 points on Wednesday’s session. On sectoral front stocks from METAL what’s more, REALTY pack performed well, while weight was seen in Vitality space.For today, Asian markets are trading with positive predisposition and SGX Nifty is trading up by 22 points at 8997, demon strating a positive begin for household markets. Nifty spot go for today is 8920 – 9000, either side maintain ability will choose the further course of action for today. On option front 8800 PE have highest open interest on put side and on calls side it’s at 9000 CE. From here on Nifty needs unequivocal move over 9000 for crisp breakout else union stage may proceed in close term. Henceforth, our positional levels for Nifty are in place at 8800- 9000.
Stocks for Today:
ITC Dely Buy at 266-267, Stoploss: 264, Target: 274
HAVELLS Dely Buy at 408-410, Stoploss: 404, Target: 424
RALLIS Dely Buy at 236-238, Stoploss: 232, Target: 248
Bank Nifty: Bank Nifty performed in line with Nifty and settled at 20783, +176 points.Bank Nifty spot range for today is 20700-21000, either side sustainability will decide the further course of action for today.
Stocks for Today:
No call still now.
Eastern Finance Recommendation:
No call still now.
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.