Broker’s Recommendations – Intraday Stock Tips For Today 19-04-2017
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ICICI Direct Recommentations: Sensex: We stated, “Positive if the activity can end over the flame’shead. Else, the predisposition will stay negative for re-testing the crevice up …” Initially over Monday’s head, the index later switched every one of its increases to settle 95 points or 0.3% lower. All divisions finished level to negative. While the Realty Index shed 3.4%, metals lost 1.8%. The A/D proportion likewise intensified to 1:2 accordingly. The activity framed a Bear light from “pullback” level to the Blue line. The index strengthened over Monday’s head at first however neglected to end above it. For sure, losing an enormous 414 points against the underlying increase of 211 points, if broke and finished below Monday’s low. The inclination is negative yet watch if the index can hold the last support at the March 14 crevice up territory.
Nifty Future Tips:
Action : Sell in the range of 9148-9158
Targets : 9098
Stop-loss : 9178
ICICI Direct Stock Tips (Current month future):
Action : Buy in the range of 147.00-148.00
Targets : 149.10/150.60
Stop-loss : 145.90
Action : Sell in the range of 187.00-188.00
Targets : 185.60/183.50
Stop-loss : 189.50
ICICI Direct Stock Future Tips:
Buy ITC APR Fut at 283.00-283.50
View: Bullish, Strategy: Buy Future
Target 1: 284.9, Target 2: 288.3
Stop Loss: 281.6
Sell TATSTE APR Fut at 447.00-447.50
View: Bearish, Strategy: Sell Future
Target 1: 445.5, Target 2: 441.5
Stop Loss: 449.5
The Nifty opened hole up today and surged over 9200. In any case, it couldn’t cross a falling trendline from the swing highs. The Index confronted solid selling weight in the second 50% of the session, which drove the Nifty down. Along these lines, the Ending Diagonal example has been discounted and the fall is reaching out in a mind boggling remedial way. The fall can proceed with further to test the intersection of 40DEMA, day by day lower Bollinger Band and the swing lows, ie 9030-9020. The bulls are probably going to surge in close to those supports keeping in mind the end goal to keep up the bigger positive pattern.
Derivatives Ideas: ASIANPAINT included around 8% of open interest as short positions. Every day vwap is around 1059 levels.Call composing was seen at 1060 and 1080 levels. On outlines, stock was thinking that its hard to cross cost resistance zone of 1090-1100 levels. On Tuesday, it has made a selling turn on day by day diagrams. We recommend selling ASAINPAINT futures according to levels said below.
Strategy: SELL ASIANPAINT APR FUTS BETWEEN 1055-1060, SL 1085, TARGET 1000.
Religare Super Ideas:
POWERGRID BUY, CMP: 202.35 , Initiation Range: 199-201 , SL: 194 , Target: 215 , Duration: 3-5 Days
LUPIN SELL FUTS , CMP: 1419.70 , Initiation Range: 1425-1430 , SL: 1445 , Target: 1380 , Duration: 3-5 Days
Markets were on a crazy ride today lastly finished lower, generally impacted by the nearby prompts. Feeling was upbeat at first in response to the World Bank’s most recent report on Indian economy consolidated with supportive Asian markets. In any case, things changed dramatically as the session advanced and Nifty lost the early picks up as well as seen sharp fall in the last half. Frail opening in the European markets and uneasiness in front of IMD report were the real dampeners. Nifty has come to its prompt support zone of 9100 and liable to witness a delay in the next trade. We repeat our positive yet mindful approach and propose keeping supported positions.
No calls still now
angel broking Recommendation:
No calls still now
No calls still now
Eastern Finance Recommendation:
TCS Close 2308.80 SELL Stop 2340 Target 2250
CESC Close 859.10 BUY Stop 843 Target 885
Jyoti Structures Close 10.70 BUY Stop 10 Target 12
Orchid Pharma Close 36.55 BUY Stop 35 Target 39
Coffee Day Close 246.95 BUY Stop 242 Target 254
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.