Broker’s Recommendations – Intraday Stock Tips For Today 20-02-2017
Check How SGX Nifty Is Trading
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ICICI Direct Recommentations: Sensex: We said, A/D proportion gives positive sign in any case observe on the off chance that a Bull flame is shaped today …” The index opened with a gigantic crevice up as heavyweight HDFC Bank began 9% higher. In any case, neglecting to shape a Bull light, it lost 300+ points intra-day to settle just 167 points or 0.5% higher. Pharma, banks driven picks up in any case the A/D proportion turned level at the end.banks driven picks up be that as it may the A/D proportion turned level at the end .The activity framed a Bear flame with net increases and higher high-low. It demonstrated selling at higher levels, not just in HDFC Bank, yet crosswise over divisions. HDFC Bank itself lost 6% intra-day. The index broke its nine-day run on upside be that as it may, no further upside can open until it manages over Friday’s high. On the downside, Friday’s crevice up region seems critical.
Nifty Future Tips:
Action : Buy in the range of 8790-8800
Targets : 8850
Stop-loss : 88770
ICICI Direct Stock Tips (Current month future):
Action : Buy in the range of 398.00-399.00
Targets : 402.80/406.50
Stop-loss : 394.80
Action : Buy in the range of 554.50-555.50
Targets : 560.70/565.30
Stop-loss : 549.60
Action : Sell in the range of 311.50-312.50
Targets : 308.20/304.00
Stop-loss : 315.10
ICICI Direct Stock Future Tips:
Buy CIPLA FEB Fut at 597.00-598.00
View: Bullish, Strategy: Buy Future
Target 1: 601.4, Target 2: 609.4
Stop Loss: 593.4
Sell INDCOU FEB Fut at 170.00-170.40
View: Bearish, Strategy: Sell Future
Target 1: 168.9, Target 2: 166.2
Stop Loss: 171.5
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Sharekhan Calls: The Nifty had been in a solidification mode for the last couple of sessions. Be that as it may, in today’s session, it broke out on the upside with a huge crevice up opening. As of late, the benchmark index had broken out on the downside from the triangular example on the hourly graph, however had taken support close to the parallel trendline from the swing low. The lower end of a fleeting rising channel additionally offered help to the Nifty. Therefore, the Nifty aroused today. For the day, it confronted resistance close 8900, where it saw some selling weight. Before the end of the day, the index declined to test the upper end of the range. 8804-8783 is a quick support zone for the Nifty. On the higher side, 8900-8930 will be the key here and now territory to watch, past which a bigger upside will open up.
Derivatives Ideas: KOTAKBANK included around 16.70% of open interest as long positions alongside some conveyance based buying in past session. Call buying (loosening up by scholars) was seen at 800 strikes. We suggest buying Kotak bank 800 CE according to levels given below.
BUY KOTAKBNAK 800 CE AT 5-5.5, SL 2, TARGET 12.
Religare Super Ideas:
PETRONET BUY, CMP: 400.75, Initiation Range: 398-402, SL: 385, Target: 430, Duration: 3-5 Days
LICHSGFIN BUY, CMP: 556.50, Initiation Range: 554-556 , SL: 545, Target: 570, Duration: 3-5 Days
NIFTY View Nifty: Markets were on a crazy ride today, to a great extent impacted by the keeping money pack particularly private ones. The solid surge in private saving money major HDFC bank, after the RBI’s withdrawal of FII stake – buy confinement, set off a crevice up begin in Nifty as well. In any case, need of investment from different areas and profit taking in the managing an account majors trimmed the picks up as the session advanced. It’s an unmistakable sign that Nifty is confronting weight at higher levels and along these lines developed union is more probable. Stocks are additionally observing unpredictable swings nowadays and anticipate that this will proceed because of the subordinates expiry ahead. We recommend constraining utilized positions in this circumstance.
No call still now.
No call still now.
Eastern Finance Recommendation:
Engineers India close 152.35 BUY stop 149 target158
Reliance Capital close 517.55 BUY stop 504 target 538
Bombay Burmah close 636.25 BUY stop 624 target 654
Dishman Pharma close 220.90 BUY stop 215 target 230
Gujarat Narmada Valley close 274.10 BUY stop 268 target 284
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.