Broker’s Recommendations – Intraday Stock Tips For Today 18-01-2017
Check How SGX Nifty Is Trading
Check here to see live SGX Nifty Price.
ICICI Direct Recommentations: Sensex: We stated, “The index is re-testing ‘Island’…watch how Bulls Day by day Calls January 18, 2017 Sensex Daily Candlestick Chart g arrange higher levels, on the off chance that they surrender …” Up 93 points 9:30 am, Bulls neglected to hold higher levels. Switching 202 points intra-day, the index at long last settled just 53 points or 0.1% lower, on account of increases in FMCG majors. Dependence Industries pressurized the Sensex while the A/D proportion turned imperceptibly ti negative. The activity shaped a Bear flame , extended inside Friday’s high- low for a moment day. Friday’s range still seems urgent for any definitive move. Tuesday’s low is close to Friday’s low, as stamped in White furthermore, holding it could support supportive checked in White furthermore, holding it could support supportive endeavors once more. Nonetheless, shortcoming and close below the White level could affirm resistance at “Island”.
Nifty Future Tips:
Action : Buy in the range of 8385-8395
Targets : 8445
Stop-loss : 8365
ICICI Direct Stock Tips (Current month future):
Action : Buy in the range of 460.00-461.00
Targets : 469.00
Stop-loss : 455.10
Action : Buy in the range of 3120.00-3130.00
Targets : 3180.00
Stop-loss : 3090.00
Action : Sell in the range of 628.00-630.00
Targets : 618.00
Stop-loss : 635.20
ICICI Direct Stock Future Tips:
Buy HINDAL JAN Fut at 172.90-173.20
View: Bullish, Strategy: Buy Future
Target 1: 174 Target 2: 176.3
Stop Loss: 171.8
Sell PCJEW JAN Fut at 396.50-397.50
View: Bearish, Strategy: Sell Future
Target 1: 394.8, Target 2: 389.5
Stop Loss: 400.2
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The Nifty opened marginally higher but the trading session ended on a negative note. The index is witnessing a consolidation after a sharp hike from the 7893 level.However, the index is in an uptrend and continues to make higher tops and higher bottoms. Also, the daily momentum indicator continues to remain in the buy mode. There is no evidence of a trend reversal yet.On the upside, 8460 remains a key level to watch out for. The index will gain momentum on the upside if it manages to break above 8460. On the downside, 8227 is an important support as it is the swing low. A break below the 8227 levels will negate the higher tops higher bottoms formation.
Derivatives Ideas: NIFTY—We anticipate that Nifty will be in 8280-8540 territory till Jan expiry, and a swing of around 220 points due to the union spending occasion. Because of the occasion, (delta) rate of Feb premium, to nifty development will be in place and since Jan expiry is on 25th, 8400 call and put option may lose/blur premium in the long run in next 3-6 days. Vix is probably going to be in 13.822.8 levels.
Strategy: SELL NIFTY JAN 8400 PE @ 58 & SELL JAN 8400 CE @ 62, TOTAL PREM @ 120 AND BUY NIFTY FEB 8400 CE @ 170 & BUY FEB 8400 PE @ 143, TOTAL PREM AT 313, NET PREMIUM FOR STRATEGY AT 193, STOPLOSS AT 148, TARGET 270.
Religare Super Ideas
INDUSINDBK BUY, CMP: 1214.10, Initiation Range: 1200-1210 , SL: 1070, Target:1095, Duration: 3-5 Days
INFRATEL SELL JAN FUTS, CMP: 352.30, Initiation Range: 350-352, SL: 362, Target:330, Duration: 3-5 Days
Nifty kept on being directionless for the fourth day in succession and finished imperceptibly lower, following blended household prompts. It made a positive begin, in response to the news that GST could be actualized from July 1 of this current year. Be that as it may, it switched those additions in a matter of moments, refering to the most recent IMF report wherein they have cut India’s development rate for this monetary year to 6.6 for each penny from 7.6 for every penny prior because of the transient mark on utilization story after demonetisation. Subsequently, profit taking was seen no matter how you look at it and generally sectoral files finished in accordance with benchmark index. It’s an ordinary delay after the late surge and we feel market will continue the upward inclination in the blink of an eye. Along these lines, utilize this stage to gather quality stocks on each plunge and remain with pattern. We’ve been seeing rotational buying nowadays so traders ought to arrange their trade in progress and concentrate on simply timing them amid market hours.
No call still now.
Fairwealth Recommendation: Nifty : Niftyended session with modest
Nifty : Nifty settled flat for the fourth day in a row. On sectoral front FMCG counters outperformed the benchmark index though weakness was visible in METAL and ENERGY space. For today, Asian peers are trading mixed and SGX Nifty is trading up by 12 points at 8420, indicating flat opening.On level front, intraday range for Nifty spot is 8420-8370, either side sustainability will decide the further course of action for intraday. On option front 8500 calls have highest open interest and on put side it’s at 8300 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
CIDFC Buy(Dely) at 57-58, Stoploss: 56, Target: 62
HDIL Buy(Dely) at 62-63 , Stoploss: 61, Target: 66
Bank Nifty:Bank Nifty performed in line with Nifty and settled flat at 19067, -29 points. Banknifty spot range for today is 18950-19200,either side sustainability will decide the further course of action for intraday.
Stocks for Today
No call still now
Eastern Finance Recommendation:
PNB cl 130.25 BUY sl 128 tgt 134
NTPC cl 175.65 BUY sl 173 tgt 180
M&M Financial cl 296.40 BUY sl 292 tgt 305
DCW cl 36.55 BUY sl 35 tgt 39
BPL cl 73.05 BUY sl 71 tgt 77
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.