Broker’s Recommendations – Intraday Stock Tips For Today 20-04-2017

Stock Tips Today

Check How SGX Nifty Is Trading
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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 : Buy in the range of 9100-9110
Targets : 9160
Stop-loss : 9080

ICICI Direct Stock Tips (Current month future):
Action : Buy in the range of 1090.00-1095.00
Targets : 1104.40/1114.40
Stop-loss : 1082.70

Action : Sell in the range of 255.50-256.50
Targets : 253.10/251.40
Stop-loss : 258.30

ICICI Direct Stock Future Tips:
Buy BANBAR APR Fut at 178.00-178.30
View: Bullish, Strategy: Buy Future
CMP: 176.1
Target 1: 179.2, Target 2: 181.5
Stop Loss: 177

Sell CIPLA APR Fut at 572.00-573.00
View: Bearish, Strategy: Sell Future
CMP: 576
Target 1: 569, Target 2: 561
Stop Loss: 577
Sensex Daily Chart 20042017
Sharekhan Calls:
The Nifty opened on a level note today, traded in a limit run for the duration of the day and at last posted a negative every day close. The hourly outline demonstrates that the Nifty has framed an extending triangle. The lower end of the example agrees with the 78.6% retracement of the late ascent where the Nifty was solidifying all through the day. In transit down, the intersection of 40DEMA, day by day lower Bollinger Band and the swing lows, ie 9030-9020 is a urgent support zone for the Nifty. Till that hangs on a shutting premise, the bigger pattern will stay positive. On the route up, 9200-9218 is a key resistance zone to observe out for. The general here and now focus of 9340 remains in place.

Religare Recommendation:
Derivatives Ideas: POWERGRID included around 10% of open interest as long positions. Every day vwap is around 207.50 levels…Fresh long develop in scrip, and break out over 204 recommend stock may ascend to around 240 for the time being.

Strategy: Buy power grid [email protected] sloss at 198,target 238.

Religare Super Ideas:
DLF BUY, CMP: 169.25 , Initiation Range: 168-170 , SL: 162 , Target: 185 , Duration: 3-5 Days
CANBK BUY , CMP: 317.65 , Initiation Range: 315-318 , SL: 309 , Target: 338 , Duration: 3-5 Days

Markets saw a breather after yesterday’s fall and closed practically unaltered in a dull session. Members were in the mindful state of mind from the earliest starting point refering to most recent IMF report wherein they’ve trimmed India’s yearly development evaluate for 2017. In addition, blended worldwide prompts and plausibility of follow-up selling additionally hosed the slant. Notwithstanding, bounce back in the select index majors in the middle of helped Nifty to remain firm and settle over 9100. We’re not seeing any real fall in Nifty from the present level however it may require some investment to recover the upward momentum. Unpredictability is difficult to deal with at present and we recommend keeping up supported positions until Nifty resumes its pattern. We repeat our inclination for keeping money, auto, select NBFCs and capital merchandise stocks for new long trades on plunges.

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.

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