Broker’s Recommendations – Intraday Stock Tips For Today 07-02-2017
Check How SGX Nifty Is Trading
Check here to see live SGX Nifty Price.
ICICI Direct Recommentations: Sensex: We stated, “Inclination positive …Closer to upper Grey
channel, Everyday Calls February 7,2017 Sensex Daily Candlestick Chart pppy watch in the event that it manages higher levels…” The index opened hole up be that as it may, trading in a tight range as the day progressed, it settled 199 points or 0.7% higher. All divisions completed level to positive however realty,FMCG and pharma out flanked. The A/D proportion moreover stayed positive 2:1 for a fourth straight day. The activity shaped a Bull flame with a hole up zone below its base. The inclination would stay positive the length of the hole up region hangs on an end premise. Notwithstanding, close to the upper end of the Gray channel, we may watch if the index can take out what’s more, close above flame”s head ahead of the RBI arrangement out what’s more, close above flames head ahead of the RBI arrangement turning out tomorrow. The index can turn stifled on the off chance that it can’t.
Nifty Future Tips:
Action : Buy in the range of 8775-8785
Targets : 8835
Stop-loss : 8755
ICICI Direct Stock Tips (Current month future):
Action : Buy in the range of 480.50-481.50
Targets : 489.70
Stop-loss : 476.40
Action : Buy in the range of 334.00-335.00
Targets : 340.40
Stop-loss : 331.30
ICICI Direct Stock Future Tips:
Buy ENGIND FEB Fut at 154.80-155.00
View: Bullish, Strategy: Buy Future
Target 1: 155.6, Target 2: 156.7
Stop Loss: 154.4
Sell TATMOT FEB Fut at 522.50-523.00
View: Bearish, Strategy: Sell Future
Target 1: 520.3, Target 2: 515
Stop Loss: 525.7
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Sharekhan Calls: In today’s session, the Nifty opened on a positive note with a hole on the upside. Subsequent to solidifying in a slender go for the last couple of sessions, the Nifty broke out from the range on the upside. The hourly outline appears that the Nifty shaped a triangular example and broke out on the upside with a split away crevice. Regarding bar designs, the bullish inside bar that was shaped in the keep going session, broke out on the upside. Consequently, 8770-8748 will now go about as a key support territory from a here and now point of view. On the higher side, 8814 is a prompt obstacle to keep a tab on, past which the Index can make a beeline for 8900.
Derivatives Ideas: HAVELLS included around 4.3% of open interest as crisp long positions. Day by day vwap is around 433 levels. On diagrams, it has seen Pennant breakout on day by day graphs on Monday and furthermore trading above here and now and in addition long haul outlines. We prescribe buying HAVELLS 440 CE according to levels given below.
Strategy: Strategy: BUY HAVELLS 440 FEB CE BETWEEN 7.5-8.5, SL 4.5, TARGET 16.
Religare Super Ideas:
IGL BUY, CMP: 1000.80, Initiation Range: 980-985, SL: 940, Target: 1085, Duration: 3-5 Days
M&MFIN BUY, CMP: 301.55, Initiation Range: 300-305 , SL:290, Target: 335, Duration: 3-5 Days
Nifty increased over a large portion of a percent and touched 8800 check, for the most part in foresight of rate cut in the upcoming fiscal strategy survey meet. After a vigorous begin, profit taking at the higher levels topped upside; be that as it may, rotational buying in select index majors indexed to manage in green till the end. What’s more, in the interim, development in the Midcap and Smallcap space kept the traders occupied. Markets look bit extended now so it’s judicious to book a few profits and help up some time recently the RBI’s money related strategy survey. Additionally, we’re presently closer to 8900 obstacle in Nifty so combination is more probable in not so distant future. Basically, we’re in uptrend yet need to spend some time around current levels for further surge.
No call still now.
Fairwealth Recommendation: Nifty : Nifty increased over a large portion of a percent and closed over 8800 level on Monday. After conventional hole up, markets traded in a restricted range from that point. On sectoral front FMCG and PHARMA stocks performed well, while shortcoming was seen in METAL space. For today, Asian companions are trading blend what’s more, SGX Nifty is trading level at 8806,-9 points. Our intraday run for today is 8750 – 8820. On option front 9000 calls have highest open interest and on put side it’s at 8500 put, demonstrating any plunge towards 8500 – 8550 will go about as a urgent support. Our positional level for here and now is 8500 – 8850. From here on, with RBI strategy round the corner, we propose members to book a few profits and trail SL to 8500 on positional front, for rest.
Stocks for Today:
FORTIS Buy(Dely at 182-184, Stoploss: 179, Target: 192
M&MFIN Buy(Dely at 295-300, Stoploss: 290, Target: 320
VOLTAS Buy(Dely at 334-336 , Stoploss: 330, Target: 350
Bank Nifty: Bank Nifty performed in line with Nifty and settled at 20371, +174 points.Banknifty spot range for today is 20200-20500, either side sustainability will decide the further course of action for intraday.
Stocks for Today:
No call still now.
Eastern Finance Recommendation:
Punjab National Bank Close 149.20 BUY Stop 147 Target 153
Biocon Close 1097.65 BUY Stop 1080 Target 1125
Aegis Logistics Close 177.90 BUY Stop 172 Target 190
Burnpur Cement Close 16.15 BUY Stop15 Target 18
Jubilant Life Close 747.75 BUY Stop 732 Target 770
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.