Broker’s Recommendations – Intraday Stock Tips For Today 09-02-2017

Stock Market Today

Check How SGX Nifty Is Trading
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ICICI Direct Recommentations: Sensex: We said, Dithering at the upper Dark channel … shortcoming below the flame’s low to affirm negative option…” Down 186 points on RBI’s “no rate-cut” declaration, the index recouped 223 points post-arrangement, and settled just 45 points then again 0.1% lower for the day. Most divisions traded unpredictable along with the Sensex. The A/D proportion settled level at the end . with the Sensex. The A/D proportion settled level at the end. The activity framed a Bear flame, which broke Tuesday’s low be that as it may, did not close below it. A bigger Lower Shadow at its base included late support precisely from the White support line joining the past two lows. The up-pattern can continue if any interruption stays restricted to a few days as it were. Today will be about follow-up to the late recuperation.

Nifty Future Tips:
Action : Buy in the range of 8760-8770
Targets : 8820
Stop-loss : 8740

ICICI Direct Stock Tips (Current month future):
Action : Buy in the range of 1410.00-1415.00
Targets : 1438.60
Stop-loss : 1399.20

Action : Buy in the range of 252.50-253.50
Targets : 257.80
Stop-loss : 136.10

ICICI Direct Stock Future Tips:
Buy CEAT FEB Fut at 1166.00-1168.00
View: Bullish, Strategy: Buy Future
CMP: 1160
Target 1: 1171.7, Target 2: 1183.1
Stop Loss: 1160.3

Sell SUNPHA FEB Fut at 659.00-661.00
View: Bearish, Strategy: Sell Future
CMP: 665
Target 1: 655.3, Target 2: 643.9
Stop Loss: 666.7

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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 rectification, 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. Along these lines, one should be mindful at this crossroads. Generally speaking, the pattern still stays positive however it is defenseless to a fleeting inversion. In transit up, 8814 is a pivotal obstacle to keep a tab on, past which the Index can go to 8900.

Religare Recommendation:
Derivatives Ideas: HINDZINC included around 1.4% of open interest as crisp long positions alongside some conveyance based buying in past session. On diagrams, It is trading in higher highs higher lows arrangement above short term and additionally long haul moving averages on every day graphs. We recommend buying HINDZINC Feb futures as per levels given below.

Strategy: Strategy: BUY HINDZINC FEB FUTS BETWEEN 312-314, SL 309, TARGET 327.

Religare Super Ideas:
IBREALEST BUY, CMP: 80.00, Initiation Range: 79-80, SL: 77, Target: 86, Duration: 3-5 Days
TATAELXSI BUY, CMP: 1495.70, Initiation Range: 1485-1500 , SL:1440, Target: 1620, Duration: 3-5 Days

NIFTY View Markets settled level in an unpredictable session today, principally in response to the MPC’s unaltered position on key rates. After the dull first half, Nifty saw a knee – yank response at first after the arrangement declaration, yet pared those losses in a matter of seconds as the move was in line with the market desire. Markets have scarcely gained any ground in the last five sessions and it hints at right on time weariness. We repeat our view to book profits in existing long trades in index on each rise and concentrate more on stocks now. Regardless we favor private banks, auto and NBFCs over others and anticipate that them will keep up their out performance ahead also.

Way2Wealth Recommendation:
No call still now.

Fairwealth Recommendation: Nifty : Markets saw some profit booking, in front of RBI’s money related No call still now.

Eastern Finance Recommendation:
No call still now.

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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