Broker’s Recommendations – Intraday Stock Tips For Today 14-03-2017
Check How SGX Nifty Is Trading
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ICICI Direct Recommentations: Sensex: We stated, “Inability to cross Tuesday’s high could mean a more profound cut might come …” The index opened crevice up yet neglecting to manage over Tuesday’s high, it surrendered the increases what’s more, settled level. Most divisions additionally finished level. Heavyweights like TCS what’s more, L&T spared the index from a more profound cut in any case the like TCS what’s more, L&T spared the index from a more profound cut however the A/D proportion proceeded with negative, at 1:2. The activity framed a High Wave sort Bear light, proposing a restricted harm. The index broke the Gray channel barely yet declined to “end” below it. Since the state race results are out, the index is relied upon to begin with a hole up over the present range. Be that as it may, watch if higher levels pull in profit-booking like May 16, 2014.
Nifty Future Tips:
Action : Buy in the range of 9050-9060
Targets : 9115
Stop-loss : 9025
ICICI Direct Stock Tips (Current month future):
Action : Buy in the range of 1426.00-1430.00
Targets : 1441.60/1455.60
Stop-loss : 1413.80
Action : Buy in the range of 3897.00-3903.00
Targets : 3929.40/3959.40
Stop-loss : 3868.20
ICICI Direct Stock Future Tips:
Buy JUBFOO MAR Fut at 1090.00-1092.00
View: Bullish, Strategy: Buy Future
Target 1: 1098, Target 2: 1114
Stop Loss: 1082
Sell TATSTE MAR Fut at 467.00-467.50
View: Bearish, Strategy: Sell Future
Target 1: 465.5, Target 2: 461.5
Stop Loss: 469.5
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Sharekhan Calls: The Nifty opened crevice up today and endeavored to move higher. In transit up, it crossed a falling trendline from the swing highs however confronted resistance close to the upper end of the invert falling channel. Thus, the Nifty kept on trading in a range bound way for one more day. By and by, the bigger picture proceeds to show that the pattern is still for the bulls. On the weekly graph, the Nifty has shaped an inside bar in the fourth wave remedy. The fifth leg on the upside is pending, which will focus on the unsurpassed high of 9119. On the other side, 8860-8828 is a significant support zone from a here and now viewpoint.
Derivatives Ideas: We anticipate that Nifty will confront resistance close to 9150 levels. Nifty may be in 9150 – 8700 for the time being. We recommend doing a proportion spread in Nifty according to levels given below.
Strategy: BUY NIFTY 9000 CE @ 94 AND SELL 2*9100 CE @ 56, NET SPREAD AT -18,TARGET 30.
Religare Super Ideas:
COLPAL BUY, CMP: 946.10, Initiation Range: 925-935 , SL: 905, Target: 1010, Duration: 3-5 Days
LUPIN SELL FUTS , CMP: 1448.05, Initiation Range: 1460-1470, SL: 1490, Target: 1400, Duration: 3-5 Days
NIFTY View Nifty closed level for yet another unpredictable session as members stayed on side -lines and want to sit tight for races comes about. It made a firm begin, taking prompts from the few exit surveys, showing BJP’s edge over others in four out of five states. In any case, it soon failed out as profit taking at higher levels pushed the index lower. In accordance with benchmark, generally sectoral files traded dull and closed on level note. Markets will respond to the states decision result and IIP information in early trade on Tuesday i.e. Walk 14.
Members are confident of some conclusive move following two weeks of combination. In any case, we recommend adopting wary strategy and let the market settle before starting any new wager.
No calls still now
angel broking Recommendation:
Sensex (28946)/ Nifty (8935): It’s been a moment continuous week of solidification for our advertise, which was very obvious in the wake of coming to a mental figure of 9000 what’s more, above all in front of UP get together decision comes about. Indeed, this has been the littlest weekly range in most recent few years. Taking a gander at the fair profit taking around this obstacle, it gives the idea that traders are definitely anticipating result of this local occasion to manage the close term heading of the showcase. Be that as it may, one thing cannot be overlooked that we saw great measure of buying interest around the 8900 check.
Technically (keeping the occasion aside), taking a gander at the ‘Bullish Cup and Handle’ design and the situation of ‘RSI – Smoothened’ on weekly graph, we keep up our hopeful position available and anticipate that the index will hit unsurpassed high soon. Since, BJP has won the UP get together race with clear dominant part what’s more, as demonstrated by SGX Nifty ; the Nifty is required to open with conventional increases of more than 2 percent. It would be too soon to take this call, however, we won’t be amazed to see this up move getting stretched out towards 9400 – 9600 (value expansion of past up move from recent low of 7893.80 ) throughout the following couple of weeks. We would repeat that the pattern is solid and henceforth, one ought to hope to use intra-week plunges to make new yearns instead of getting stressed over the overbought state of the market .
Nifty Bank Outlook -(20728):
The Nifty Bank index opened with upside hole on Friday and begun rectifying from beginning trades. Be that as it may, we saw a few recuperation towards the fag end and accordingly, the managing an account index finished the session on a level note . Be that as it may, the Nifty Bank index posted a weekly pick up of 1.13 percent over its past close.
A week ago, the Nifty Bank index solidified inside the previous week’s trading zone and in this manner framed an ‘Inside Bar’ design on weekly outline. Since the result U.P. Races is agreeable to BJP , the business sectors would ideally end this combination stage and continue the more extensive uptrend. Along these lines, we keep up our bullish position on index and counsel traders to frame long positions on decay s. The intraday support for the Nifty Bank index is set in the scope of 20 534 – 20420 while resistances are seen around 21042 furthermore, 21350.
No calls still now
Stocks for Today:
No calls still now
Eastern Finance Recommendation:
Electrotherm (India) Close 167.60 BUY Stop 162 Target 175
Gati Close 128.15 BUY Stop 126 Target 132
Advani Hotels Close 59.85 BUY Stop 58 Target 63
CG Power Close 68.50 BUY Stop 67 Target 72
Jindal Steel & Power Close 125.50 BUY Stop 123 Target 130
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.