Broker’s Recommendations – Intraday Stock Tips For Today 16-03-2017
Check How SGX Nifty Is Trading
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ICICI Direct Recommentations: Sensex: We stated, “Following a tremendous day, the index can trade uncertain until it can break past the Doji’s range…” The index did trade uncertain inside the high-low of Tuesday’s Doji and settled 45 points or 0.1% lower. While the more extensive market, realty and PSU banks traded positive, IT majors stuck the Sd Th A/D tiiditit 21 Sensex d claim. The A/D ratio remained positive at 2:1. The activity shaped an ambivalent Harami Bear light, proposing quiet in front of the US Fed choice, precisely as we suspected. Its low was the same as Tuesday’s Doji. Post the Bolstered choice holding the two – day low can draw in positive Bolstered
choic, holding the two day low can draw in positive endeavors. Be that as it may, quality/close over Doji’s high is required to affirm positive options. Disappointment could turn the index quelled.
Nifty Future Tips:
Action : Buy in the range of 9100-9110
Targets : 9160
Stop-loss : 9080
ICICI Direct Stock Tips (Current month future):
Action : Buy in the range of 903.00-905.00
Targets : 914.50/924.50
Stop-loss : 894.60
Action : Buy in the range of 220.00-222.00
Targets : 223.20/225.40
Stop-loss : 218.70
ICICI Direct Stock Future Tips:
Buy LTFINA MAR Fut at 123.80-124.00
View: Bullish, Strategy: Buy Future
Target 1: 124.6, Target 2: 125.9
Stop Loss: 123.2
Sell CIPLA MAR Fut at 605.00-606.00
View: Bearish, Strategy: Sell Future
Target 1: 601.5, Target 2: 593.5
Stop Loss: 609.5
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Sharekhan Calls: The Nifty opened on a level note today and traded in a tight extend. After the breakaway hole in Tuesday’s session, the Nifty merged today. A greater picture demonstrates this is a chance to adjust one’s position(s) with the long side of the trade. As far as bar examples, the Nifty shaped an inside bar today with the bullish breakout level at 9123. Here and now and medium-term focuses on the upside are set at 9230 and 9500, separately. On the other side, 9060-9000 will go about as a key support territory. The day by day and weekly Bollinger Bands are in a development mode, proposing that the Nifty can keep on rising.
Derivatives Ideas: CASTROLIND included around 3% of open interest as new long positions on the back of some conveyance based buying in past session. On outlines, it has ruptured recent days blockage zone on the higher agree with discernible ascent in volumes. We prescribe buying CASTROLIND Mar futs according to levels said below.
Strategy: BUY CASTROLIND MAR FUTS BETWEEN 414-415, SL 407, TARGET 430.
Religare Super Ideas:
ASHOKLEY BUY, CMP: 91.10, Initiation Range: 91-92, SL: 88, Target: 100, Duration: 3-5 Days
TORNTPHARM BUY, CMP: 1350.70, Initiation Range: 1345-1355, SL: 1310, Target: 1430, Duration: 3-5 Days
NIFTY View Markets chilled out today and settled practically unaltered, refering to blended worldwide signals in front of the US Fed meet result. On neighborhood front, peripheral uptick in CPI swelling was moreover weighing on the slant. In accordance with index, generally sectoral lists closed level; in any case, buying proceeded in midcap and smallcap space. Markets will respond to the US Fed position in early trade tomorrow, which may trigger a few profit taking. Having said that, our view is bullish on business sectors and we recommend keeping up buy on plunges approach. In the meantime, alert is fitting on stock choice part and proposes favoring on a very basic level sound stocks for venture and trading.
No calls still now
angel broking Recommendation:
Sensex (29398)/ Nifty (9058): It appears that our business sectors have slipped into a union mode post the occasion and this is the thing that we for the most part observe after a major hole up or hole down. In specialized terms, we can call it as a ‘Period – astute Rectification’. Yesterday’s session opened level in – line with global peers and in this manner, the benchmark index stayed in a thin scope of 31 points for the duration of the day, which is difficult to see. In the long run, the Nifty finished the session nearly at past close by posting yet another close well over the 9000 check.
This dormant value activity was very likely as we for the most part observe quick response once the occasion gets unfurled to say the least union in following days. Since there is no real change in the diagram structure, our bullish view stays in place. We would continue to stay upbeat on market and anticipate that the Nifty will keep walking higher, first towards 9200 and afterward towards our close term focus of 9400 – 9600 (value expansion of past up move from late low of 7893.80 ) throughout the following couple of weeks. On the downside , Tuesday’s hole range of 9060 – 8975 would go about as a solid support zone. Any plunge inside this range ought to be utilized to make new yearns in the market with no faltering of being an overbought domain
Nifty Bank Outlook -(21158):
The Nifty Bank index too traded in a narrow range ahead of the US Federal Reserve meeting and ended the session on a marginal positive note.
Post a crevice up opening on Tuesday, the index has united in last couple of trading sessions. The more extensive pattern keeps on being positive as there are no indications of inversion on the outlines. Henceforth, we keep on advising traders to trade with positive predisposition and utilize any plunges as buying open door. Alongside the Private Sector index heavyweights, the PSU Bank stocks excessively are indicating at positive momentum after a union stage. Traders can subsequently, look for stock particular buying openings which could get better returns. The close – term supports for the index are set around 20875 what’s more, 20740 while resistance is seen in the scope of 21377 – 21412.
No calls still now
Eastern Finance Recommendation:
City Union Bank Close 148.10 BUY Stop 144 Target 155
Gravita India Close 59.90 BUY Stop 58 Target 63
Shriram Transport Close 1068.20 BUY Stop 1047 Target 1100
Lakshmi Energy Close 73.90 BUY Stop 72 Target 78
Aries Agro Close 153.50 BUY Stop 149 Target 160
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.