Broker’s Recommendations – Intraday Stock Tips For Today 17-01-2017
Check How SGX Nifty Is Trading
Check here to see live SGX Nifty Price.
ICICI Direct Recommentations: Sensex: We stated, “Absence of negative follow-up caencourag ea Day by day Calls January 17, 2017 Sensex Daily Candlestick Chart gp grecuperation … Island zone seems significant upside…” The index stayed away from negative follow-up to Friday’s Counter Attack Bear light. Holding its low, it included 50 points or 0.1%. While IT stayed powerless, different parts finished level to positive. After being negative for two days, the A/D proportion turned insignificantly iti positive. The activity shaped a Thrusting Line Bull light, as Bulls maintained a strategic distance from negative follow-up to Friday’s CAB flame. Be that as it may, its high-low remained enclosed inside CAB’s range. On the upside the index is re-testing the” Island” range once once more upside, the index is re testing the Island range once once more, which remains our pivotal up side. Subsequently, observe how Bulls consult at higher levels, on the off chance that they surrender like Friday or not.
Nifty Future Tips:
Action : Sell in the range of 8450-8460
Targets : 8400
Stop-loss : 8480
ICICI Direct Stock Tips (Current month future):
Action : Buy in the range of 254.00-255.00
Targets : 260.00
Stop-loss : 252.10
Action : Buy in the range of 299.00-300.00
Targets : 306.00
Stop-loss : 296.10
Action : Sell in the range of 1187.00-1190.00
Targets : 1167.00
Stop-loss : 1210.20
ICICI Direct Stock Future Tips:
Buy BANBAR JAN Fut at 158.40-158.80
View: Bullish, Strategy: Buy Future
Target 1: 159.6, Target 2: 161.9
Stop Loss: 157.4
Sell CEAT JAN Fut at 1178.00-1180.00
View: Bearish, Strategy: Sell Future
Target 1: 1174.3, Target 2: 1162.9
Stop Loss: 1185.7
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The Nifty opened lower, but the trading session ended on a positive note. The index has been facing a stiff resistance near a multiple resistance zone of 8400 – 8430. Moreover, 8460 – 8510 is the gap-zone. Also, the 20 Weekly Moving Average and 50% retracement of the fall from 8968 to 7893 is converging around the 8430 levels. If the index closes and sustains above 8430, a move towards 8510 is possible. However, if the index fails to close and sustain below 8430, then it is likely to drift lower towards 8320 which in an immediate crucial support for the index. It would be interesting to see if the bulls manage to push the index beyond 8430 or not.
Derivatives Ideas:RCOM included around 8% of open interest as new long positions alongside some conveyance based buying in past session. We prescribe buying RCOM Jan futures according to levels given below.
Strategy:BUY RCOM JAN FUTS BETWEEN 30.75-31 SL 29.50, TARGET 35.
Religare Super Ideas
BPCL BUY, CMP: 668.10, Initiation Range: 666-670, SL: 648, Target: 715, Duration: 3-5 Days
VPL BUY, CMP: 702.70, Initiation Range:695-705, SL: 678, Target: 760, Duration: 3-5 Days
Nifty settled insignificantly higher in an unpredictable session today, reflecting the pattern of the last few days. While it opened lower at first following powerless Asian markets and maybe a few alert in front of Reliance’s outcomes, yet soon made a quick recuperation on account of rotational buying in select index majors. Keeping money, budgetary, auto and realty were the top gainers on the sectoral front while the defensives viz. FMCG, pharma and IT closed in red.Signs are good for this direction to develop further and we anticipate that Nifty will test 8500 soon. In any case, a stock particular trading methodology would be all the more compensating even at this point, considering the predominant income season. So concentrate more on stock determination and maintain a strategic distance from contrarian trades.constrained investment.
Stocks for Today
PNB Buy Around 128 Stoploss: 133, Target: 125
STAR Buy Above 1154 , Stoploss: 1195, Target: 1136
L&TFH Buy at cmp 95.45 , Stoploss: 98.50 , Target:94
Fairwealth Recommendation: Nifty : Niftyended session with modest
Nifty : Nifty settled marginally higher at 8412, +12 points. On sectoral front Banking counters outperformed the benchmark index though weakness was visible in IT counters.For today,Asian peers are
trading mixed and SGX Nifty is trading up by 1 points at 8450, indicating higher opening for domestic
markets.On level front,intraday range for Nifty spot is 8450-8380,either side sustainability will decide the further course of action for intraday.On option front 8400 calls have highest open interest and on put side it’s at 8000 put. On positional front our positive bias is still intact in Nifty and our range is now 8280-8550.
Stocks for Today
APOLLOTYRE Buy(Dely) at 184-186, Stoploss: 182, Target: 192
BAJFINANCE Buy, at 905-915, Stoploss: 895, Target: 940
MOTHERSUMI Buy(Dely),at 325-328, Stoploss: 320, Target:340
Bank Nifty: Bank Nifty out performed Nifty and settled with positive bias at 19096, +184 points. Banknifty spot range for today is 18950-19200, either side sustainability will decide the further course of actionfor intraday.
Stocks for Today
No call still now.
Eastern Finance Recommendation:
Punjab National Bank cl 128.35 BUY sl 126 tgt 132
Universal Cables cl 97.25 BUY sl 94 tgt 105
Vardhman Poly cl 78.80 BUY sl 75 tgt 85
Jubilant Life cl 691.95 BUY sl 677 tgt 715
ALLSEC Techno cl 448.80 BUY sl 442 tgt 460
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.