Broker’s Recommendations – Intraday Stock Tips For Today 16-02-2017
Check How SGX Nifty Is Trading
Check here to see live SGX Nifty Price.
ICICI Direct Recommentations: Sensex: We said, Breaking limits of the battle zone can’t be ruled out at whatever time …” The index broke the zone on the downside, furthermore, completed 184 points or 0.6% lower. All divisions lost however sugar, realty, auto and pharma areas drove the shortcoming. As the little top and midcap universe likewise lost further, the A/D proportion exacerbated to to a great degree negative 1:5. proportion exacerbated to to a great degree negative 1:5. The activity shaped a greater Bear flame breaking below the battle zone of most recent seven days possibly. Follow-up selling and close below such a flame could test the lower Gray channel line. Holding the low can be certain. Since December 2016, all plunges made higher bottoms. We will observe on the off chance that the bigger up-pattern resumes if plunge makes a higher base.
Nifty Future Tips:
Action : Sell in the range of 8780-8790
Targets : 8730
Stop-loss : 8810
ICICI Direct Stock Tips (Current month future):
Action : Buy in the range of 273.50-274.50
Targets : 276.60/279.20
Stop-loss : 271.20
Action : Sell in the range of 129.50-130.50
Targets : 128.40/126.90
Stop-loss : 131.60
ICICI Direct Stock Future Tips:
Buy JSWSTE FEB Fut at 185.60-186.00
View: Bullish, Strategy: Buy Future
Target 1: 187.1, Target 2: 189.8
Stop Loss: 184.5
Sell AXIBAN FEB Fut at 482.00-483.00
View: Bearish, Strategy: Sell Future
Target 1: 479.7, Target 2: 473
Stop Loss: 486.3
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Sharekhan Calls: The Nifty in today’s session opened on a negative note also, after a worthless endeavor to move higher it tumbled essentially. The triangular example, which was shaped on the hourly outline, broke out on the downside. For the day, the Nifty ended close to a parallel trendline from the swing low. In any case, the general structure has now turned for the bears from a fleeting point of view. A bearish inside bar, which was shaped in the last session, has broken out on the downside. The bearish breakout has happened against the setting of a bearish short- term momentum indicator. Along these lines, the Nifty is likely to slide facilitate. 8550 will be the fleeting focus to watch in transit down. Inversion of the bearish view can be set over the swing high, ie at 8830.
Derivatives Ideas: ARVIND included around 4.6% of open interest as new short positions. Every day vwap is around 373 levels. Call composing was seen at 380 strike and put buying (loosening up by authors) was seen at 360 strike. We propose buying 360 PE according to levels given below.
Strategy: BUY ARVIND 360 PE AT 2.80-3.20, SL 1, TARGET 7.80.
Religare Super Ideas:
MARICO BUY, CMP: 265.55, Initiation Range: 262-264, SL: 256, Target: 285, Duration: 3-5 Days
SRTRANSFIN SELL FEB FUTS, CMP: 936.10, Initiation Range: 938-942 , SL: 975, Target: 870, Duration: 3-5 Days
NIFTY View Nifty: Showcases at last finished the union stage today and slipped almost a percent. The fall was driven via auto major, Tatamotors, which lost almost 10%, disappointed by its quarterly outcome. Before long, other sectoral records additionally participate, which additionally included weight index. Markets may see additionally decay ahead however the downside appears to be topped. Traders ought to keep up additional alert in Midcap and Smallcap space as they respond firmly amid the restorative stage. Then again, it’s an open door for the individuals who were holding up a few redress to enter as the general pattern is still up..
No call still now.
Nifty : Nifty at last finished the combination stage and settled below prompt support level of 8750, at 8724 – 67 points. On sectoral front, stocks from FMCG space saw some buying, though shortcoming was seen in AUTO what’s more, PHARMA space. Fon the other hand today, Asian companions are trading blended what’s more, SGX Nifty is trading level at 8760, +6 points. Our intraday go for today is 8700- 8760 , either side maintainability will choose the further game-plan. On option front 9000 calls have highest open interest what’s more, on put side it’s at 8500 put.Our positional level for short term is in place at 8500 – 8850 . We recommend traders to keep careful approach at current point till index is not maintaining above 8850 also, entirely keep away from over utilized trades .
Stocks for Today
MARICO Buy(Delyat 265-67, Stoploss: 262, Target: 276
ASIANPAINT Buy(Dely at 980-985, Stoploss: 970, Target: 1020
ONGC Buy(Dely at 193-195, Stoploss: 190, Target: 202
Bank Nifty:Bank Nifty performedin line with Nifty and settled weak at 20163, -94 points.Banknifty spot range for today is 20000-20300, either side sustainability will decide the further course of action for intraday.
Stocks for Today:
No call still now
Eastern Finance Recommendation:
Subros Close 198.45 BUY Stop 195 Target 20
RBL Bank Close 395.55 BUY Stop 392 Target 402
SREI Infrastructure Close 94.60 BUY Stop 93 Target 98
GRUH Finance Close 383.85 BUY Stop 375 Target 400
T and I Global Close 45.80 BUY Stop 43 Target 50
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.