Broker’s Recommendations – Intraday Stock Tips For Today 03-04-2017
Check How SGX Nifty Is Trading
Check here to see live SGX Nifty Price.
ICICI Direct Recommentations: Sensex: We stated, “Bulls more often than not give up after three to four Bull candles … Observe activity as needs be … ” Bulls wavered as suspected, due to which the index traded
unstable and rough furthermore, settled insignificantly negative. The 4% pick up on heavyweight Dependence Enterprises retained the weight from the HDFC twins. Banks turned powerless in any case the A/D proportion remained positive at 2:1. The activity framed a High Wave, a little- bodied Bear light, Shadows on both sides containing unpredictability. Since it kept up a higher high – low, shortcoming/close below its base will be required to open negative options, which may look like a response from pull- back level to Dim channel. Be that as it may, securing the light’s low would be positive.
Nifty Future Tips:
Action : Sell in the range of 9225-9235
Targets : : 9175
Stop-loss : 9255
ICICI Direct Stock Tips (Current month future):
Action : Buy in the range of 890.00-892.00
Targets : 900.30/908.30
Stop-loss : : 882.10
Action : Buy in the range of 726.00-728.00
Targets : 734.30/741.30
Stop-loss : 719.80
ICICI Direct Stock Future Tips:
Buy ACC APR Fut at 1438.00-1442.00
View: Bullish, Strategy: Buy Future
Target 1: 1450, Target 2: 1470
Stop Loss: 1430
Sell AXIBAN APR Fut at 498.50-499.50
View: Bearish, Strategy: Sell Future
Target 1: 494.7, Target 2: 488
Stop Loss: 501.3
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The Nifty saw an intense fight between bulls and bears today and the result eventually ended up being a tie. As far as Fibonacci retracement the index has remembered 78.6% of the past fall i.e. 9175. In this manner the index has taken an interruption today. All things considered augmentation in the wave structure recommends that Nifty has a critical upside potential from short to medium term point of view. On the weekly outline Nifty has shaped an
Overwhelming bull light, which proposes continuation of the bigger up pattern. The fleeting focus on the upside will be 9340 with potential to extend till 9500. On the flip side, 9120-9100 will go about as a key support zone from close term point of view with significant support zone at 9000-8980.
Derivatives Ideas: OIL included around 11.50% of open interest as new long positions alongside some conveyance based buying in past session. On graphs, it has made a crisp buying turn close value support zone on day by day graphs. We recommend buying OIL April futures as per levels given below.
Strategy: BUY IRB APR FUTS BETWEEN 236-238 & SELL 250 APR CE BETWEEN 5-6, SL 233, TARGET 250.
Religare Super Ideas:
M&MFIN BUY, CMP: 314.90, Initiation Range: 310-315 , SL: 300, Target: 345, Duration: 3-5 Days
NIITTECH BUY, CMP: 435.60, Initiation Range: 435-438, SL: 420, Target: 470, Duration: 3-5 Days
Markets closed practically unaltered subsequent to drifting in a tight range on the most recent day of the budgetary year. Traders wanted to sit as an afterthought lines in first half without any new trigger; be that as it may, buying interest in select index majors in the center pushed the index higher. Things stayed unpredictable on sectoral front also and larger part finished on level note. We don’t expect any significant alter in the market course with the start of the new money related year and anticipate that Nifty will test 9300 soon. Presently, everyone’s eyes are on the RBI arrangement meet which is planned one week from now and thus rate touchy will keep on trading unstable. We recommend keeping utilized positions supported and maintain a strategic distance from contrarian trades.
No calls still now
angel broking Recommendation:
Sensex (29621)/ Nifty (9174):
It was the verifiable month for our business sectors as our benchmark lists posted a monthly close on record highs. Despite the fact that, 9200 has been yet to taken off convincingly, the general buying interest around 9050– 9020 was absolutely an empowering element for our markets. Because of an OK recuperation in most recent four days, the Nifty in the end closed on a high note..
In the month passed by, we saw a range bound movement inside 200 points post the hole up opening on the back of UP race result. It was difficult to outperform the 9200 stamp as 61.8%’Equal Retracement’ of the past down move (from 8968.70 to 7893.80 ) merge around this level. Be that as it may, having said that, the weekly graph structure still looks durable and is balanced for significantly higher levels in the more drawn out run. In addition, the rising incline of ‘RSI- Smoothened’ on weekly graph in the wake of outperforming the 70 stamp, keeps on giving a belief to the anticipated up move towards 9400– 9600 (value expansion of past up move from late low of 7893.80) throughout the following couple of weeks. It’s extremely troublesome to give a period – insightful expectation; however one needs to remain on the long side the length of directional view is concerned. It’s prudent to utilize middle of the road plunges to make crisp long positions in the market. The base for the Nifty has moved hig her from 8850 to 9020, which is another promising sign for our market.
Nifty Bank Outlook -(21444):
On Friday’s trading session, the Nifty Bank index opened on a negative note and traded in a narrow range throughout the session. The index posted loss of 0.82 percent over its previous session’s close.
On the weekly graph, the Nifty Bank index has shaped another bullish flame, demonstrating a continuation of the uptrend. The Nifty PSU Bank index, according to our desire, was the outflanked amid the week as the Nifty PSU Bank index increased 4.96 percent. Since the upmove has been supported by great volumes, we anticipate that the positive momentum will proceed in close term. Subsequently we keep on advising traders to trade with positive predisposition. The intraday supports for the Nifty Bank index are set around 21337 furthermore, 21165 while resistances are seen around 21695 furthermore, 21793
No calls still now
Eastern Finance Recommendation:
LT Foods Close 65.80 BUY Stop 63 Target 70
Nitco Close 58 BUY Stop 55 Target 63
Dhanlaxmi Bank Close 29.70 BUY Stop 28 Target 32
Deepak Nitrite Close 131.25 BUY Stop 127 Target 137
Bhansali Engineering Close 34.70 BUY Stop 33 Target 37
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.