Broker’s Recommendations – Intraday Stock Tips For Today 09-03-2017
Check How SGX Nifty Is Trading
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ICICI Direct Recommentations: Sensex: We said, Bear light recommended alert… shortcoming below the light can turn the inclination negative…” Breaking Tuesday’s low, the index descended 208 points intra-day. Because of a late recuperation, it settled just 98 points or 0.3% lower at the end. All parts finished level to negative. Metals, realty and oil and gas lists lost over 1% while the A/D proportion proceeded and gas records lost over 1 % while the A/D proportion proceeded negative 1:2. The activity shaped the second Bear light. Lower shadow at its base involved a late recovery precisely from the lower end of the Gray channel. Shortcoming/close below the flame’s low could break the channel, test our White check. In the event that the delay stays limited to a few days that can be positive after state decision results are out. Else, a more profound cut not discounted.
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 1463.00-1467.00
Targets : 1478.20/1491.40
Stop-loss : 1453.10
Action : Sell in the range of 131.80-132.50
Targets : 130.60/129.2
Stop-loss : 133.70
ICICI Direct Stock Future Tips:
Buy LTFINA MAR Fut at 122.50-122.70
View: Bullish, Strategy: Buy Future
Target 1: 123.4, Target 2: 125
Stop Loss: 121.8
Sell ACC MAR Fut at 1384.00-1386.00
View: Bearish, Strategy: Sell Future
Target 1: 1376, Target 2: 1356
Stop Loss: 1396
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Sharekhan Calls: The Nifty opened possibly positive yet slipped towards 8900 and the hourly lower Bollinger Band in the first half of the session. Close to those levels, the bulls hurried into offer help to the Index. Subsequently, it recouped to some degree and closed close to the key hourly Moving Averages. According to the Elliott Wave Theory, the solidification since the last couple of sessions appears to have taken type of a triangular example. It can be named as a “fourth wave redress”, which is followed by the fifth leg on the upside. The scope of 8860-8828 is a urgent support zone on an end premise. For whatever length of time that that hangs on an end premise, the bullish view will remain constant. By and large, the Nifty is heading towards the unsurpassed high of 9119, which is our fleeting target.
Derivatives Ideas:RCOM included around 10% of open interest as short positions. Every day vwap is around 35.15 levels. Put buying was seen at 35 hit alongside call composing was seen at 35 strike. On outlines, it is trading below its long haul and in addition here and now moving averages on diagrams. We propose buying 35 PE according to levels given below.
Strategy: BUY RCOM MAR 35 PE BETWEEN 1.20-1.30, SL 0.50, TARGET 3.
Religare Super Ideas:
JUBILANT BUY, CMP: 735.85, Initiation Range: 725-730 , SL: 705, Target: 780, Duration: 3-5 Days
DLF SELL FUTS , CMP: 143.20, Initiation Range: 144-145, SL: 147, Target: 136, Duration: 3-5 Days
NIFTY View Nifty traded unstable on expected lines today and settled barely lower at last. Members were in profit taking disposition from the earliest starting point which trigger sharp dive in the center. In any case, rotational buying in select index majors topped downside as well as likewise indexed to recoup intraday losses as the session advanced. Proceeding, we anticipate that unevenness will proceed as market will respond to leave surveys joined with prompts from worldwide front. Managing an account is as yet holding solid in the midst of instability while other parts are seeing rotational move now. In such situation, traders ought to restrain their positions and sit tight for some definitive flag.
No calls still now
angel broking Recommendation:
Sensex (28902)/ Nifty (8924):
Our benchmark index started the trading on a level note inferable from calm worldwide prompts. In this manner, a range bound beginning hour was followed by a sharp remedial move to drag the index bit below the 8900 stamp. Notwithstanding, by and by, the hourly ’89 EMA’ provided a stone strong support for the market and accordingly, the Nifty figured out how to recuperate a reasonable piece of lost ground in the second half.
At the end of the day, we saw some selling weight in the region of 9000 – 8960 , which is very obvious couple of days ahead of UP race result. Directionally, we keep up our uplifting viewpoint available and emphasize a probability of another high soon. For the coming session, 8957 – 8993 would be viewed as quick obstacles; while, on the downside, yesterday’s low of 8891 would now be considered as a noteworthy support level. Traders ought to proceed with a buy on plunges system and ought to remain away from making crisp short positions in the market. Additionally, a reasonable system at this point is follow stock particular moves, which are persistently beating since most recent couple of days.
Nifty Bank Outlook -(20677):
The Nifty Bank index too traded in a narrow range yesterday and ended the session on a marginally positive note.
The current sideways development is by all accounts a period – astute remedy inside a more extensive uptrend. Since there are no indications of any inversion in this solidification stage, we keep on maintaining our positive position on the index. In this way, we keep on advising traders to trade with positive inclination. The intraday supports for the Nifty Bank index are set around 20555 what’s more, 20420 while resistances are seen around 20728 also, 20912 .
Nifty : Nifty settled minimal lower at 8924,- 22 points following an unpredictable day of trade on Wednesday. On sectoral front counters from PHARMA and BANKING space held ground, though profit booking was seen in METAL and Vitality space. For today, Asian markets are trading powerless and SGX Nifty as well is trading powerless at 8906,- 49 points. Nifty spot extend for today is 8940-8860, either side manageability will choose the further course of acti on for today.On option front 8800 PE still have highest open interest on put side, showing essential supports around 8800 levels what’s more, on calls side it’s at 9000 CE. Our positional levels for Nifty are in place at 8800- 9000.
Stocks for Today:
HINDUNILVR Dely Buy at 865-870, Stoploss: 850, Target: 900
BIOCON Intraday buy at 1095, Stoploss: 1080, Target: 1120
PFC Intraday sell at 133.50-135S,toploss: 136, Target: 130
Bank Nifty: Bank Nifty out performed Nifty and settled with marginal gains at 20676, +49 points. Bank Nifty spot
range for today is 20700-20450, either side sustainability will decide the further course of action for today.
Stocks for Today:
No calls still now
Eastern Finance Recommendation:
No calls still now
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.