Broker’s Recommendations – Intraday Stock Tips For Today 08-02-2017
Check How SGX Nifty Is Trading
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ICICI Direct Recommentations: Sensex: We stated, “Close to the upper Grey channel, watch if the index Day by day Calls February 8, 2017 Sensex Daily Candlestick Chart pp y can take out light’s head … turn quelled in the event that it can’t …” The index neglected to take out Monday’s high. Turning curbed as suspected, it lost 104 points or 0.3% for the day. L&T, Bhel spared it from a bigger loss. Be that as it may, the more extensive market swung level to negative while the A/D proportion turned negative 121:2. The activity framed a Bear light recommending faltering at the upper Gray channel. It concealed Monday’s hole zone however spared itself from shutting below it. On RBI approach day today, shortcoming/close below the light”s low is required to affirm shortcoming/close below the light slow is required to affirm negative options and open the likelihood of moving towards lower Gray channel. Holding the low could be sure.
Nifty Future Tips:
Action : Sell in the range of 8810-8820
Targets : 8760
Stop-loss : 8840
ICICI Direct Stock Tips (Current month future):
Action : Buy in the range of 696.00-699.00
Targets : 710.4
Stop-loss : 690.90
Action : Sell in the range of 134.00-135.00
Targets : 131.60
Stop-loss : 136.10
ICICI Direct Stock Future Tips:
Buy BATIND FEB Fut at 512.50-513.50
View: Bullish, Strategy: Buy Future
Target 1: 516.6, Target 2: 523.9
Stop Loss: 509.4
Sell ACC FEB Fut at 1445.00-1447.00
View: Bearish, Strategy: Sell Future
Target 1: 1437, Target 2: 1417
Stop Loss: 1457
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Sharekhan Calls: The Nifty in today’s session opened on a positive note, post which it traded in sideways to bearish way for the duration of the day. With the minor amendment, the Nifty filled the crevice of 8770-8748, which it had left on the day by day outline in Monday’s session. As far as candle design, the Nifty shaped an Engulfing Bear on the day by day outline today. In this way, one should be mindful at this crossroads. In general, the pattern still stays positive however it is defenseless to a fleeting inversion. In transit up, 8814 is a significant obstacle to keep a tab on, past which the Index can make a beeline for 8900
Derivatives Ideas: BANK Nifty has seeing a blend of long and short positions since last 3 days,majorly longs.The support for Bank nifty is seen at 19900 and 20700 individually. We expect a surge in option premium post the occasion.
Strategy: BUY 9 feb 20000 pe@30-32 and buy 20700ce@30-32,net prem at 60-65,stoploss at 42,target 100.
Religare Super Ideas:
BAJAJ-AUTO BUY, CMP: 2769.80, Initiation Range: 2760-2790, SL: 2700, Target: 3000, Duration: 3-5 Days
PIDILITIND BUY, CMP: 673.70, Initiation Range: 670-675 , SL:650, Target: 730, Duration: 3-5 Days
NIFTY View Markets chilled out today and settled barely lower as traders wanted to book some profit in front of the RBI’s meet. In addition, weak worldwide signs and shortcoming in rupee was additionally weighing on the assumptions. In accordance with benchmark, generally sectoral records finished lower, reflecting mindful view in front of the occasion. Market is going into the occasion with blended accord; be that as it may, possibility of business as usual appears high, considering the present liquidity circumstance in the economy and ascend in the raw petroleum cost. In the midst of all, we’re bullish on business sectors and propose keeping up buy on dunks approach in stocks. Nifty, then again, is relied upon to solidify around the present level before additionally up move.
No call still now.
Fairwealth Recommendation: Nifty : Markets saw some profit booking, in front of RBI’s money related approach meet. Nifty opened level and traded frail from that point lastly settled at 8768, – 32 points. Banishing stocks from PSU banks, rest all other sectoral lists settled with negative predisposition. For today,Asian companions are trading with minimal shortcoming what’s more, SGX Nifty is trading level at 8794, -5 points. Our intraday go for today is 8790-8710. 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 pivotal support. Our positional level for here and now is 8500 – 8850. With RBI strategy today, markets may trade unstable what’s more, subsequently we recommend traders to stay wary and maintain a strategic distance from utilized trades.
Stocks for Today
FORTIS Buy(Dely) at 182-184, Stoploss: 179, Target: 192
M&MFIN Buy(Dely) at 295-300, Stoploss: 290, Target: 320
PIDILITIND Buy(Dely) at 670-673, Stoploss: 660, Target: 696
Bank Nifty:Bank Nifty performed in line with Nifty and settled at marginal lower at 20327, -44 points.Banknifty spot
range for today is 20200-20500, either side sustainability will decide the further course of actionfor intraday.
Stocks for Today
No call still now
Eastern Finance Recommendation:
NCL Inds Close 142.35 BUY Stop 138 Target 150
Firstsource Solutions Close 43.05 BUY Stop 41 Target 46
LT Foods Close 50.70 BUY Stop 48 Target 55
Tata Metaliks Close 428 BUY Stop 419 Target 444
V2 Retail Close 163.30 BUY Stop 160 Target 169
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.