Broker’s Recommendations – Intraday Stock Tips For Today 22-02-2017
Check How SGX Nifty Is Trading
Check here to see live SGX Nifty Price.
ICICI Direct Recommentations: Sensex: We stated, “Quality above Friday to open more upsides. Disappointment could draw in some profit-booking…” Initially hesitant,the index lost 129 points yet later recuperating 200+ points, it crossed Friday’s high and settled 100 points or 0.3% higher. Most segments finished level to positive yet banks/oil and gas drove. Th A/D til tidi tit 151 The A/D ratioal so continued positive at
1.5:1.The activity framed a High Wave, a littler Bull flame with shadows involving unstable trade intra-day. Close above Friday re-affirmed the positive predisposition and the same would proceed positive until the index debilitates what’s more, closes below proceed positive until the index debilitates what’s more, closes below its earlier day’s base. The index is currently only 286 points shy of a year ago’s top. Consequently, better watch higher levels.
Nifty Future Tips:
Action : Buy in the range of 8860-8870
Targets : 8920
Stop-loss : 8840
ICICI Direct Stock Tips (Current month future):
Action : Buy in the range of 858.00-861.00
Targets : 867.90/875.00
Stop-loss : 851.90
Action : Buy in the range of 1440.00-1443.00
Targets : 1454.00/1464.00
Stop-loss : 1431.50
ICICI Direct Stock Future Tips:
Buy ADAPOR FEB Fut at 306.00-306.30
View: Bullish, Strategy: Buy Future
Target 1: 307.7, Target 2: 310.9
Stop Loss: 304.5
Sell CANBAN FEB Fut at 290.80-291.00
View: Bearish, Strategy: Sell Future
Target 1: 289.6, Target 2: 286.9
Stop Loss: 292.2
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Sharekhan Calls: The Nifty was in a combination mode in the primary portion of the session yet got pace towards the finish of the session. Subsequently, it crossed 8900 on an end premise. It missed the mark regarding our objective of 8930, which proceeds to be the key level to watch on the upside. The level of 8930 corresponds with a vital falling trend line from the past swing high. When 8930 is broken on a shutting premise, the Nifty will be set to test the record-breaking high level of 9119. The upper end of the medium-term rising channel is additionally around a similar level. On the flip side, 8860 and 8800 will go about as urgent supports from a transient point of view. Here and now inversion can be kept up below the swing low of 8710.
Derivatives Ideas: AXISBANK included around 32% of open interest as new long positions. It has moved around 41% into next contact. Call buying (loosening up buy journalists) was seen at 490 and 500 strikes, put composing was seen at 490 and 500 strikes. It has likewise seen upside breakout from blockage zone of most recent four months thus with observable ascent on day by day graphs. We prescribe buying AXISBANK 500 CE according to levels given below.
Strategy: BUY AXISBANK FEB 500 CE BETWEEN 6-7, SL 2, TARGET 18.
Religare Super Ideas:
M&MFIN BUY, CMP: 299.90, Initiation Range: 298-300, SL: 285, Target: 325, Duration: 3-5 Days
SIEMENS BUY, CMP: 1221.90, Initiation Range: 1225-1230 , SL: 1180, Target: 1320, Duration: 3-5 Days
NIFTY View Nifty: Nifty figured out how to settle possibly higher in an unpredictable session today. The principal half was dull in any case, bounce back in select saving money majors in last half fuelled the momentum. In the midst of all, members were occupied in rollover and loosening up their subsidiaries positions. All the sectoral files have taken part in this rally up until this point and now rotational buying is having its impact. For whatever length of time that this proceeds with, uptrend will persevere. We encourage to remain with the pattern and abstain from taking contrarian trades.
No call still now.
Nifty : Nifty figure out how to settle over 8900 check on Tuesday at, 8907 +28 points. On sectoral front, again it was the Banknifty which assumed the essential part for advance quality. Falt ernately today, Asian companions are trading with positive predisposition also, SGX Nifty is trading up by 10 points at 8920.Our intraday go for today is 8880 – 8950, either side maintainability will choose the further game-plan. On option front 9000 calls still have the highest open int erest and on put side it’s presently at 8800 put. On positional front more extensive territory for Nifty is currently 8700 – 9000.
Stocks for Today:
HEROMOTOCO Buy(Dely) at 3115-25, Stoploss: 3080, Target: 3200
ONGC Buy(Dely) at 192-194, Stoploss: 180, Target: 202
LICHSGFIN Buy(Dely) at 556-558, Stoploss: 554(cl basis), Target: 575
Bank Nifty: Bank Nifty outperformed Nifty and finally settled at 20860, +183 points.Banknifty spot range for today is
20700-21000, either side sustainability will decide the further course of action for intraday.
Stocks for Today:
No call still now.
Eastern Finance Recommendation:
Titagarh Wagons Close 105.95 BUY Stop 104 Target 109
NIIT Close77.80 BUY Stop 76 Target 81
Marksans Pharma Close50.60 BUY Stop 49 Target 53
Jindal Steel Close109.40 BUY Stop 106 Target 115
Raymond Close 570.35 BUY Stop 555 Target 595
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.