Broker’s Recommendations – Intraday Stock Tips For Today 06-04-2017
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ICICI Direct Recommentations: Sensex: We stated, “After solid additions, watch if the development slows down …” The index did slow down, even turned rough, yet figured out how to include 64 points or 0.2% net for the day. While IT kept on being frail, the Realty Index shot up about 4% on Unitech. Picks up in RIL squared off losses in HDFC. More extensive showcase picks up guaranteed positive A/D proportion of 2:1. The activity framed a Hanging Man (HM) light with substantial lower shadow involving support at lower levels after the index plunged at first. HM can trap the Bulls. The Sensex remained 18 points shy of its unsurpassed high of 30025. Beginning prompts are negative. HM can be negative on shortcoming/close below its base. Watch if Bulls make any endeavor to secure it.
Nifty Future Tips:
Action : Sell in the range of 9280-9290
Targets : 9230
Stop-loss : 9310
ICICI Direct Stock Tips (Current month future):
Action : Buy in the range of 606.00-608.00
Targets : 613.20/619.30
Stop-loss : 600.80
Action : Sell in the range of 995.00-999.00
Targets : 988.30/980.10
Stop-loss : 1007.10
ICICI Direct Stock Future Tips:
Buy CANBAN APR Fut at 306.70-307.00
View: Bullish, Strategy: Buy Future
Target 1: 308.1, Target 2: 310.7
Stop Loss: 305.6
Sell CIPLA APR Fut at 589.00-590.00
View: Bearish, Strategy: Sell Future
Target 1: 586, Target 2: 578
Stop Loss: 594
The Nifty has posted a positive every day close for the 6th sequential session. A quick fall post the hole up opening was captured close to the past swing high of 9218, which is currently going about as a support. Then again, the rally subsequently was confined close to the day by day upper Bollinger Band. Therefore the index has shaped a Doji design on the day by day graph, which reflects uncertainty in the psyches of market members. Basically the index can take a delay at this level before extending higher. Key levels for the minor degree remedy will be 9215-9180. General pattern keeps on being sure from here and now and additionally medium term point of view. 9340 – 9500 are here and now and medium term targets individually. On the flip side, real support region is at 9000-8980.
Derivatives Ideas:NMDC included around 3.2% of open interest as long positions. Late profit taking from 52 weeks highs appears to stop almost 100 EMA and value support zone of 130-132 on every day diagrams. On Wednesday i.e. April 5, 2017, it has closed above recent days shutting levels. We suggest buying NMDC APR futures as per levels given below.
Strategy: BUY NMDC APR FUTS BETWEEN 134-134.50, S6 131.50, TARGET 142.
Religare Super Ideas:
ENGINERSIN BUY, CMP: 150.60 , Initiation Range: 150-152 , SL: 145, Target: 165, Duration: 3-5 Days
ORIENTBANK BUY, CMP: 145.30 , Initiation Range: 145-147, SL: 139, Target: 160, Duration: 3-5 Days
Nifty finished barely higher in continuation to the predominant uptrend and settled previously 9250. It opened level and crept step by step higher as the session advanced, following great neighborhood signs. Be that as it may, upside topped because of alert in front of the MPC’s meeting result, which is booked tomorrow i.e. April 6. In the midst of all, discernible buying was seen on stock particular front and for the most part divisions took an interest in the move. Nifty has practically come to its quick focus of 9300 and liable to see some interruption earlier to further ascent. A considerable measure relies on upon the RBI representative’s position on key rates; be that as it may, greater part expect unaltered position this time. Traders ought to additional keep up alert on the rate delicate part particularly the saving money pack because of booked expiry of Banknifty weekly contracts.
No calls still now
angel broking Recommendation:
No calls still now
No calls still now
Eastern Finance Recommendation:
Selan Explo Close 199.55 BUY Stop 194 Target 208
Tribhovandas Bhimji Close Stop 85 BUY 82 Target 90
RBL Bank Close 533.90 BUY Stop 524 Target 550
Kirloskar Brothers Close 280.40 BUY Stop 272 Target 292
Future Retail Close 290.10 BUY Stop 284 Target 300
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.