Broker’s Recommendations – Intraday Stock Tips For Today 13-02-2017
Check How SGX Nifty Is Trading
Check here to see live SGX Nifty Price.
ICICI Direct Recommentations: Sensex: We stated, “Volatility included up to 600+ points … watch who Day by day Calls February 13, 2017 Sensex Daily Candlestick Chart ypp turns out as a victor from Thursday’s battle zone …”No one did. Trading unstable in a littler range bolted inside Thursday’s battle zone, the index settled level. While most areas traded dull, the IT index shot up 2%. The A/D proportion turned barely negative. The activity framed another High Wave, containing proceeding with hesitant trade. The weekly light shaped as a Doji, which can be negative on drop/close below week’s low hit last Wednesday. Holding weekly low can be sure if the index too maintains also, closes above the five- day resistance index too maintains also, closes above the five day resistance set apart in Gray. Else, expect hesitant/uneven trade to proceed.
Nifty Future Tips:
Action : Buy in the range of 8785-8795
Targets : 8845
Stop-loss : 8765
ICICI Direct Stock Tips (Current month future):
Action : Buy in the range of 1056.00-1060.00
Targets : 1068.00/1075.00
Stop-loss : 1048.10
Action : Sell in the range of 692.00-694.00
Targets : 685.00/679.00
Stop-loss : 699.40
ICICI Direct Stock Future Tips:
Buy HCLTEC FEB Fut at 826.00-827.00
View: Bullish, Strategy: Buy Future
Target 1: 832.2, Target 2: 843.6
Stop Loss: 820.8
Sell WOCKHA FEB Fut at 688.00-690.00
View: Bearish, Strategy: Sell Future
Target 1: 682.3, Target 2: 669
Stop Loss: 695.7
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Sharekhan Calls: The Nifty traded in a tight range for the duration of the day what’s more, was not able close over 8800. Notwithstanding, it did figure out how to close in the positive domain for the day as well with respect to the week. On the lower side, the quick support is at 8770, though the resistance is pegged at 8830, ie the pattern line joining the current highs. The general pattern in the fleeting stays positive, as the Nifty is as yet trading over its critical support levels. The Bank Nifty looks weaker in the transient contrasted with the Nifty, however in the event that it figures out how to outperform the swing high of 20407, then it will increase assist upward momentum. The momentum indicator KST has gone into a “sell” mode for both the Indices, which is the main worry in the short term.
Derivatives Ideas: KOTAKBANK included around 2% of open interest as long positions. Call buying (loosening up by journalists) was seen at 780 and 800 strikes. On outlines, it is trading over 50/100/200 EMAs and furthermore holding above essential value support of 760 on day by day outlines. We prescribe doing a bull spread in Kotak bank according to levels given below.
Strategy: Strategy: Strategy: BUY KOTKABNAK 780 CE AT 12-13 & SELL 800 CE AT 5-6, NET PREMIUM PAID 7, SL 2, TARGET 20.
Religare Super Ideas:
KSCL BUY, CMP: 482.90, Initiation Range: 480-485, SL: 470, Target: 520, Duration: 3-5 Days
JUSTDIAL BUY, CMP: 429.65, Initiation Range: 420-422 , SL:400, Target: 465, Duration: 3-5 Days
NIFTY View Showcase closed barely higher in a dull session today, proceeding with its combination stage. Firm worldwide signals indexed to open in green however alert in front of the IIP information topped upside till the end. It was a dreary day on the sectoral front as well, wherein greater part finished on level note. We feel this stage will soon be over and Nifty will walk toward its record high. Along these lines, utilize any decrease in index to make new aches rather taking any contrarian trade. In the midst of all, there’ll be no deficiency of chances on stock particular front.
No call still now.
Nifty : Nifty traded in slender range of 8820 -8770 and settled negligible higher at 8793, +15 points.On sectoral front IT index out performed benchmark index, while shortcoming was seen in PHARMA and FMCG space. Fon the other hand today, Asian associates are trading with positive inclination what’s more, SGX Nifty is as well trading in positive zone at 8847, +39 points. Our intraday extend for today is 8850-8780. On option front 9000 calls have highest open interest and on put side it’s at 8500 put, showing any plunge towards 8500 – 8550 will go about as a critical suppor. Our positional level for here and now is in place at 8500 – 8850 . We anticipate that business sectors will cool off at current crossroads furthermore, subsequently, supportability over 8850 is vital for new breakout for bulls.
Stocks for Today:
EXIDEIND Buy(Dely) at 207-208, Stoploss: 204.50, Target: 216
SONATSOFTW Buy(Dely) at 188-190, Stoploss: 182, Target: 210
DIVISLAB Buy(Dely) at 745-750, Stoploss: 730, Target: 780
Bank Nifty: Bank Nifty performed in line with Nifty and settled marginal higher at 20213, +62 points.Banknifty spot
range for today is 20100-20400, either side sustainability will decide the further course of action for intraday.
Stocks for Today:
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.
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.