Broker’s Recommendations – Intraday Stock Tips For Today 06-03-2017

Intraday Stock Tips

Check How SGX Nifty Is Trading
Check here to see live SGX Nifty Price.

ICICI Direct Recommentations:
Sensex:We stated, “Dim Cloud Cover can be negative for testing last support set apart in White …” Down 124 points by 1:15 pm, the index tested our White check. Recuperating a bit from there, it at last settled level. Loss in heavyweight HDFC was set- off by Dependence Businesses” pick up. While Realty picked up, PSU set off by Dependence Businesses pick up. While Realty picked up, PSU banks lost. The A/D proportion settled possibly positive. The activity shaped a Long Legged Doji (LLD) with a little body and bigger Lower Shadow involving a late recuperation. Today could all be about follow-up to the late recuperation. On the off chance that it manages and closes over LLD’s Head, then it can backtrack a greater amount of Thursday’s DCC light. Inability to demonstrate the required follow-up above LLD could turn the index stifled once more.

Nifty Future Tips:
Action : Sell in the range of 8960-8970
Targets : 8910
Stop-loss : 8990

ICICI Direct Stock Tips (Current month future):
Action : Buy in the range of 511.00-512.00
Targets : 517.80/521.80
Stop-loss : 506.10

Action : Buy in the range of 1040.00-1044.00
Targets : 1054.50/1064.50
Stop-loss : 1030.10

ICICI Direct Stock Future Tips:
Buy PETLNG MAR Fut at 399.00-400.00
View: Bullish, Strategy: Buy Future
CMP: 396.6
Target 1: 402.1, Target 2: 407.4
Stop Loss: 396.7

Sell ITC MAR Fut at 265.80-266.20
View: Bearish, Strategy: Sell Future
CMP: 262.90
Target 1: 264.3, Target 2: 261
Stop Loss: 267.7

stock tips

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Sharekhan Calls: The Nifty opened on a negative note and declined to break the swing low of 8867. In the wake of drifting close to the low in the principal half of the session, the Nifty recouped in the second half. According to the Elliott Wave Theory, the current structure is by all accounts a piece of a minor revision. On the weekly outline, the Nifty has posted a negative weekly close, which recommends that it has shaped ‘wave four’ rectification and the fifth wave is pending on the upside. 8860-8828 is a key support zone to look out for. As long as that hangs on an end premise, the bigger pattern remains positive. On the higher side, 8920 and 9000 will be the here and now obstacles to keep an eye out for. In general, the Nifty is heading towards the unequaled high of 9119, which is our here and now target.

Religare Recommendation:
Derivatives Ideas: OFSS has seen fresh long build up of around 9% in march futures. The stock has also witnessed huge volume increase in todays trade as well. The scrip is likely to head towards 3420 in the short term.

Strategy: BUY OFSS MARCH FUT @3720,SLOSS AT 3670,TARGET 3820

Religare Super Ideas
DISHTV BUY, CMP: 95.20, Initiation Range: 94-95 , SL: 90, Target: 105, Duration: 3-5 Days
PIDILITIND BUY , CMP: 675.50, Initiation Range: 668-672, SL: 660, Target: 685, Duration: 3-5 Days

NIFTY View Nifty settled practically unaltered in a dull session today, following blended worldwide markets and alert on the local front. Traders were worried on the news of GST Council settling the pinnacle merchandise and enterprises impose (GST) rate at 40 for each penny in the enactment rather than 28 for each penny as it offers space to change its structure in future without parliament’s endorsement. It was blended session on the sectoral front where vitality, media, metal and IT saw a few buying interest while saving money, auto and monetary administrations traded dull. We feel Nifty will stay sideways in the following session as well; be that as it may, there’ll be no deficiency of trading openings on stock particular front. Traders ought to adjust their positions in like manner and utilize this stage to buy quality stocks at great deal. Auto particularly the two – wheeler pack looks solid alongside select media, IT and managing an account counters.

Way2Wealth Recommendation:
No calls still now

fairwealth Recommendation:
No calls still now

Eastern Finance Recommendation:
Hindalco Inds Close 198.55 BUY Stop 194 Target 208
Biocon Close 1071.95 BUY Stop 1052 Target 1100
Just Dial Close 544.20 BUY Stop 534 Target 560
GAIL India Close 520.25 BUY Stop 512 Target 535
Mawana Sugars Close 80.15 BUY Stop 78 Target 84

Remember: This recommendations are by brokers and we have collated them for our readers. Please read the disclaimers carefully before trading.

Author Bio

Moumita Biswas

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.

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