Broker’s Recommendations – Intraday Stock Tips For Today 13-01-2017
Check How SGX Nifty Is Trading
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ICICI Direct Recommentations:
Sensex: We stated, “The index is managing over 200-DEMA … observe in the event that it oversees to frame a Bull light today” The index opened Day by day Calls January 13, 2017 Sensex Daily Candlestick Chart in the event that it oversees to frame a Bull light today … The index opened positive yet trading unstable in a littler range, settled 107 points or 0.3% higher. While the more extensive market and FMCG/pharma finished level to negative, heavyweights like L&T, NTPC and Infosys pulled up the Sensex. The A/D proportion turned negative 1:2. egat e The activity managed to frame a “littler” Bull light however involved an unstable trade in a littler range. Picks up came from heavyweights while the more extensive market turned wary, as demonstrated by negative A/D proportion. After three to four Bull candles in succession, the index may begin faltering closer to the island zone stamped. The predisposition is certain yet watch the upside.
Nifty Future Tips:
Action : Buy in the range of 8390-8400
Targets : 8450
Stop-loss : 8370
ICICI Direct Stock Tips (Current month future):
Action : Buy in the range of 684.00-686.00
Targets : 696.00
Stop-loss : 679.10
Action : Buy in the range of 385.00-387.00
Targets : 393.00
Stop-loss : 382.20
ICICI Direct Stock Future Tips:
Buy HINDAL JAN Fut at 174.00-174.40
View: Bullish, Strategy: Buy Future
Target 1: 175.3, Target 2: 177.6
Stop Loss: 173.1
Sell LICHF JAN Fut at 523.00-524.00
View: Bearish, Strategy: Sell Future
Target 1: 520.4, Target 2: 513.1
Stop Loss: 527.6
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Sharekhan Calls:The Nifty opened higher and ended the trading session on a positive note. It is approaching significant resistance levels. The 20 Week Moving Average (WMA) and the 50% retracement of the fall from 8968 to 7893 are converging at around 8430. It would be interesting to see if the bears manage to defend the crucial resistance level of 8430 or not. If the Nifty breaks and sustains above 8430, then a move towards 8510-8560 is likely. However, the Index is losing momentum on the upside. The hourly momentum indicator is already showing a negative divergence and has also given a negative crossover. Therefore, some caution needs to be maintained while initiating fresh long positions. The bulls will gain momentum if the Nifty breaks and sustains above 8430. The Index is interestingly poised at this moment. It continues to make higher top and higher bottom, indicating that the current uptrend can persist in the near term. Traders
holding long positions in the Nifty should trail stop loss, as the momentum is weakening.
Derivatives Ideas:CASTROLIND included around 2.5% of open interest as long positions alongside some conveyance based buying in past sessions. On outlines, it has shaped a buying turn in every day and additionally on intraday outlines. We prescribe buying castrolind according to levels given below.
Strategy:BUY CASTROLIND JAN FUTS BETWEEN 393-396, SL 385, TARGET 415.
Religare Super Ideas
PETRONET BUY, CMP: 371.35, Initiation Range: 368-372 , SL: 357, Target: 400, Duration: 3-5 Days
TVSMOTOR BUY, CMP: 388.40, Initiation Range: 386-390, SL: 377, Target: 418, Duration: 3-5 Days
Nifty settled with unobtrusive pick up today and recovered 8400 check in the midst of blended prompts. At first, the uptick in IT majors helped a positive begin which advance fuelled by buying in infra and vitality counters. In any case, profit taking at higher levels in other sectoral pack topped upside as the session advanced. In the midst of all, the inclination generally stayed on the positive side which indexed to end higher. Members will respond to the TCS numbers in early trade on Friday and after that soon the nervousness of another IT major, Infosys, result will assume control. So, we expect a definitive session on Friday where IT counters will mostly manage the market drift. Having said that, we recommend traders to keep up positive inclination and utilize any plunges to amass new aches particularly from private managing an account, auto, vitality and infra space.
No call still now.
Fairwealth Recommendation: Nifty : Niftyended session with modest
gains and settled above 8400 level. On sectoral front Energy, Infra and IT performed well, though some pressure was witnessed in Pharma and FMCG pack.For today,Asian peers are tradingmixed and SGX Nifty is
trading up by 26 points at 8407.On level front Nifty has now crossed its crucial hurdle of 8300-8350,
indicating this rally to continue in coming dayswith immediate target of 8450/8500.For today,crucial support level is placed around 8380 and on higher side crucial resistance is placed around 8430,either side sustainability will decide the further course of action for intraday.
Stocks for Today
TVSMOTOR Buy(Dely),at 384-86, Stoploss: 378, Target: 400
HDFC Buy(Dely),at 1220-1222, Stoploss: 1205, Target: 1260
MOTHERSUMI Buy(Dely),at 325-330 Stoploss: 320, Target: 340
Bank Nifty: Bank Nifty performed in line with Nifty and settled on positive note at 18873, +43 points. Banknifty spot range for today is 18700-19000, either side sustainability will decide the further course of action for intraday.
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.