Broker’s Recommendations – Intraday Stock Tips For Today 06-02-2017
Check How SGX Nifty Is Trading
Check here to see live SGX Nifty Price.
ICICI Direct Recommentations: Sensex: We said,Index may proceed unpredictable mode, with specific moves in more extensive market…” While Index traded level/unpredictable in a littler range to settle level,specific moves were seen in the more extensive market. While mo st parts traded blended, the PSU Banks and Pharma drove the additions. The A/D Ratio too remained positive ,at 2:1. remained positive, at 2:1. The activity framed a Hammer like light with bigger lower shadow recommending support at lower levels. Be that as it may, its go stayed enclosed inside earlier day. “Harami” is considered hesitant, though Bias stays positive until Index debilitates/closes below Thursday’s low.Closer toupper Dim channel, watch if manages higher levels.
Nifty Future Tips:
Action : Buy in the range of 8725-8735
Targets : 8785
Stop-loss : 8705
ICICI Direct Stock Tips (Current month future):
Action : Buy in the range of 852.00-854.00
Targets : 866.90
Stop-loss : 845.50
Action : Buy in the range of 1271.00-1275.00
Targets : 1292.80
Stop-loss : 1262.50
ICICI Direct Stock Future Tips:
Buy RURELE FEB Fut at 145.20-145.40
View: Bullish, Strategy: Buy Future
Target 1: 146, Target 2: 147.3
Stop Loss: 144.6
Sell VOLTAS FEB Fut at 325.50-326.00
View: Bearish, Strategy: Sell Future
Target 1: 323.8, Target 2: 319.8
Stop Loss: 327.8
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Sharekhan Calls: The Nifty in today’s session opened barely positive. It traded in a thin range all through the session at the end of the day finished marginally positive. As far as bar designs, the Nifty has framed a bullish inside bar on the day by day diagram. The sideways movement since the last couple of sessions can take type of a triangular example on the hourly outline. 8700-8685 is a key support zone from a here and now point of view. On the higher side, 78.6% retracement of the whole past fall, ie 8740 and the swing high of 8757 will go about as key resistances. Once the bulls figure out how to outperform that obstacle zone, then the Index can go to 8900..
Derivatives Ideas: BANKNIFTY included around 13% of open interest as long positions. Call buying was seen at 21000 strike. We prescribe buying 21000 CE according to levels given below.
Strategy: Strategy: BUY BANKNIFTY 23 FEB 21000 CE AT 40, SL 13, TARGET 80.
Religare Super Ideas:
AXISBANK BUY, CMP: 490.70, Initiation Range: 490-492, SL: 470, Target: 540, Duration: 3-5 Days
KSCL BUY, CMP: 476.05, Initiation Range: 465-470 , SL: 455, Target: 500, Duration: 3-5 Days
Nifty traded sideways on expected lines and settled on level note today, reflecting the last session’s turn. Be that as it may, buying proceeded on the stock particular front with significant concentrate on Midcap and Smallcap space. Among the sectoral lists, PSU banks pulled in most extreme buying interest followed by media counters. Moreover, recuperation in select IT and pharma counters additionally added to the inspiration. With this respite, market is putting forth a new chance to the individuals who have missed the current surge. Presently, the key is discover those counters which still look encouraging and offer sufficient upside from the present levels. We feel managing an account, auto and NBFCs fits that bill close by select stocks from media and infra space.
No call still now.
Fairwealth Recommendation: Nifty :
Nifty : Nifty traded extend bound on expected lines and settled level at 8740, +6 points. On sectoral front IT and PHARMA performed well and shortcoming was seen in AUTO, METAL and ENERGY space. For today, Asian associates are trading with positive inclination what’s more, SGX Nifty is moreover trading up by 49 points at 8809, showing positive begin for dowmestic markets. Our intraday run for today is 8710 – 8800. On option front 9000 calls have highest open interest and on put side it’s presently moved towards 8500 put, demonstrating any plunge towards 8500 – 8550 will go about as a pivotal support. Our positional level from here on is 8500-8850.
Stocks for Today:
FORTIS Buy(Dely)at 182-184, Stoploss: 179, Target: 192
HINDUNILVR Buy(Dely)at 844-48, Stoploss: 838, Target: 870
CIPLA Buy(Dely) at 598-602 , Stoploss: 590, Target: 620
Bank Nifty: Bank Nifty out performed Nifty and settled at 20196, +49 points.Banknifty spot range for today is 20000-20300, either side sustainability will decide the further course of action for intraday.
Stocks for Today:
No call still now.
Eastern Finance Recommendation:
Aries Agro Close 179.80 BUY Stop 175 Target 188
Coal India Close 326.05 BUY Stop 320 Target 335
Sun TV Network Close 683.35 BUY Stop 662 Target 720
Century Plyboards Close 215.70 BUY Stop 210 Target 225
Punjab National Bank Close 150 BUY Stop 147 Target 155
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.