Broker’s Recommendations – Intraday Stock Tips For Today 05-04-2017
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ICICI Direct Recommentations: Sensex: We stated, “High wave kept up a higher high-low … ensuring the light’s low would be sure …” The index begun crevice up with RIL’s 2% up-tick at open. Keeping up the crevice, the index shot up further to include 290 points or 0.9% for the day. RIL, L&T and HDFC propped up the Sensex however little tops likewise picked up. Henceforth, the A/D proportion stayed positive 2:1. The activity shaped a sizable Bull light with a hole up zone below its base. It crossed last high and reconfirmed its positive inclination. After solid additions, in any case, today we may watch if the development slows down as it draws nearer to the past untouched high of 30025 hit amid March 2015. The inclination can stay positive until the index hits a lower high-low.
Nifty Future Tips:
Action : Buy in the range of 9240-9250
Targets : : 9300
Stop-loss : 9220
ICICI Direct Stock Tips (Current month future):
Action : Buy in the range of 1075.00-1079.00
Targets : 1087.30/1097.40
Stop-loss : 1066.80
Action : Buy in the range of 386.00-387.00
Targets : 389.80/392.80
Stop-loss : 383.10
ICICI Direct Stock Future Tips:
Buy JSWSTE APR Fut at 194.00-194.30
View: Bullish, Strategy: Buy Future
Target 1: 195.4, Target 2: 198.1
Stop Loss: 192.8
Sell GLEPHA APR Fut at 853.00-854.00
View: Bearish, Strategy: Sell Future
Target 1: 848.3, Target 2: 836.9
Stop Loss: 859.7
With a crevice up opening, the Nifty outperformed the swing high of 9218. After a union close to 9200 in the to start with half of the session, the Nifty revitalized intelligently in the second half and eventually closed close to the day’s high. Along these lines, the Nifty has posted a positive every day close for the fifth back to back session. The hourly outline is appearing different expansions on the upside, highlighting the hidden quality in the market. Thus, the Nifty is crawling towards our fleeting focus of 9340. The medium-term target has been pegged at 9500. On the other side, 9160-9140 will go about as a key support zone from a transient point of view with 9000-8980 being the significant support territory.
Derivatives Ideas: GAIL shed around 5.5% of open interest as short covering. Call buying was seen at 390 levels. On outlines, stock has made a crisp buying turn on every day, weekly and additionally on intraday graphs, and it is trading above critical here and now and in addition long haul moving averaged in higher highs-higher lows development on day by day graphs. Call buying was seen at 390 levels. We suggest buying GAIL APR 390 CE according to levels said below.
Strategy: BUY GAIL APR 390 CE BETWEEN 6.40-6.60, SL 4, TARGET 12.
Religare Super Ideas:
CANBK BUY, CMP: 304.45, Initiation Range: 300-306 , SL: 295, Target: 325, Duration: 3-5 Days
M&MFIN BUY, CMP: 319.10, Initiation Range: 316-320, SL: 304, Target: 345, Duration: 3-5 Days
Markets made a firm begin of the monetary year and picked up about a percent, because of perceptible buying in select index heavyweights. Change in assembling division exercises consolidated with compression in outside obligation figure supported the financial specialists’ estimation. Additionally, positive begin of European markets in the center kept the momentum going and indexed to close around the day’s high. We feel the momentum will augment facilitate however traders ought to admirably pick their wagers now, considering the upcoming MPC’s arrangement meet. Rate touchy segments hold noteworthy weightage in index so we may see some unpredictable swings in the following two sessions. Having said that, we’re bullish on business sectors and recommend proceeding with buy on plunges approach.
No calls still now
angel broking Recommendation:
No calls still now
No calls still now
Eastern Finance Recommendation:
HCL Infosystems Close 56.70 BUY Stop 54 Target 60
Larsen & Toubro Close 1660.65 BUY Stop 1620 Target 1725
Visaka Industries Close 285.70 BUY Stop 279 Target 297
Phillips Carbon Close 351.40 BUY Stop 344 Target 362
Orchid Pharma Close 30.95 BUY Stop 29 Target 35
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.