Broker’s Recommendations – Intraday Stock Tips For Today 17-04-2017

Intraday Stock Tips

Check How SGX Nifty Is Trading
Check here to see live SGX Nifty Price.

ICICI Direct Recommentations: Sensex:We stated, “Bear flame broke Blue support line … shortcoming below the flame would open more downsides …” The index stayed below the Blue line. Breaking Wednesday’s low, it settled 182 points or 0.6% lower. But RIL, realty, most areas finished negative/level however metal and IT lists dragged 2.5% lower. The A/D proportion finished in significantly negative. The activity shaped a Bear flame at the pullback level to the Blue line. The index framed a bearish Evening Star on its Weekly outline. Be that as it may, the fall looked slower, it took six days to follow just 61.8% of the former six-day rally. This can be sure if the index recuperates over the earlier day’s high. Until then, the predisposition will be negative for testing the last crevice up region.

Nifty Future Tips:
Action : Sell in the range of 9200-9210
Targets : 9150
Stop-loss : 9230

ICICI Direct Stock Tips (Current month future):
HPCL
Action : Buy in the range of 558.00-560.00
Targets : 564.40/569.40
Stop-loss : 553.40

JSWSTEEL
Action : Sell in the range of 192.00-193.00
Targets : 190.50/188.50
Stop-loss : 194.60

ICICI Direct Stock Future Tips:
Buy ASIPAI APR Fut at 1083.00-1084.00
View: Bullish, Strategy: Buy Future
CMP: 579.05
Target 1: 1090.2, Target 2: 1103.5
Stop Loss: 1076.8

Sell TECMAH APR Fut at 425.00-426.00
View: Bearish, Strategy: Sell Future
CMP: 429.9
Target 1: 421.9, Target 2: 414.6
Stop Loss: 429.1
Sensex Daily Chart 17042017
Sharekhan Calls:
The Nifty opened on a level note today and traded with a downward inclination. It has come to close to the lower end of the 9180-9150 support run. On the hourly diagram, the fall is showing up as a remedial one. As far as cost design, the Nifty appears to have framed a wedge on the hourly graph, whose suggestions are probably going to be bullish. In this manner, the following leg up could be around the bend. We are keeping up our positive view on the Nifty with a mindful approach. On the downside, the 61.8% retracement of the past ascent, ie 9120 will be the resulting support, with 9000-8980 being a noteworthy support territory. In transit up, 9340 and 9500 are the here and now and medium-term targets, individually.

Religare Recommendation:
Derivatives Ideas: HINDALCO included around 15% of open interest as short positions. Every day vwap is around 186.50 levels. Call composing was seen at OTM hits alongside some put buying (loosening up by essayists) at 180 strike. We prescribe doing a bear spread with put option in HINDALCO according to levels specified below.

Strategy: BUY HINDALCO 180 PE BETWEEN 2.80-3.20 & SELL 170 PE BETWEEN 0.90-1.10, NET PREMIUM PAID 1.90-2.10, SL 1, TARGET 5.

Religare Super Ideas:
IGL BUY, CMP: 1032.15 , Initiation Range: 1020-1025 , SL: 995 , Target: 1075 , Duration: 3-5 Days
VOLTAS SELL FUTS , CMP: 406.90 , Initiation Range: 410-412 , SL: 418 , Target: 395 , Duration: 3-5 Days

NIFTY View
Nifty made a delicate begin in continuation to yesterday’s trade and lost over a large portion of a percent, essentially in response to powerless local signs. Disappointed by the quieted Infosys comes about and frail large scale monetary information, members were in the profit taking state of mind from the earliest starting point which additionally escalated as session advanced. For the most part divisions traded couple to the benchmark and finished in red wherein IT and metal were the top failures. In spite of the fact that we have achieved closer to the prompt support of 9100 stamp in Nifty however flighty swings on stock particular front requests additional alert. Traders ought to keep their utilized positions supported and maintain a strategic distance from IT, pharma and metal for long trades. Likewise, watch out for income and worldwide improvements for further signals.

Way2Wealth Recommendation:
No calls still now

angel broking Recommendation:
No calls still now

fairwealth Recommendation:
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.

Author Bio

Moumita Biswas

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.

Leave a Reply