Broker’s Recommendations – Intraday Stock Tips For Today 23-01-2017

Stock Market Tips

Check How SGX Nifty Is Trading
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ICICI Direct Recommentations: Sensex: We stated, “Uncertainty has extended … attempt to break Day by day Calls January 23, 2017 Sensex Daily Candlestick Chart p the range not discounted whenever …” The index began feeble as Pivot Bank opened 5% lower. Later breaking Friday’s low, it finished 274 points/1% lower. All divisions completed level to negative however the metal, bank lists lost 2-3% each. The A/D proportion likewise turned amazingly negative, to 1:5.The activity framed a sizable Bear flame, giving a “downward” break of the five-day go, as we suspected. The predisposition turned negative because of break/close below Friday’s low, and the same would stay negative the length of the index hits a lower high – low and frames a Bear light Be that as it may index hits a lower high low and frames a Bear light. Be that as it may, support finally hole up region, as stamped, might be watched this week.

Nifty Future Tips:
Action : Sell in the range of 8390-8400
Targets : 8340
Stop-loss : 8420

ICICI Direct Stock Tips (Current month future):
Action : Buy in the range of 198.00-199.00
Targets : 202.80
Stop-loss : 195.80

Action : Sell in the range of 345.40-346.40
Targets : 339.40
Stop-loss : 349.40

ICICI Direct Stock Future Tips:
Buy DRREDD JAN Fut at 2970.00-2974.00
View: Bullish, Strategy: Buy Future
CMP: 2960
Target 1: 2990, Target 2: 3030
Stop Loss: 2950

Sell BANBAR JAN Fut at 157.10-157.50
View: Bearish, Strategy: Sell Future
CMP: 155.2
Target 1: 156.2, Target 2: 153.9
Stop Loss: 158.4

stock tips
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Sharekhan Calls:The Nifty opened crevice down and finished the trading session on a negative note. The Index was trading in a run recently and today it separated below that range.Like wise, it has given a negative close on a weekly premise. Consequently, the retracement of the move from 7893 to 8461 is likely. The 38.2% and half retracement levels of the late progress are at 8244 and 8178, separately. On the upside, 8373-8461 levels will act resistance. The bulls will pick up momentum just if the Nifty breaks above 8461.

Religare Recommendation:
Derivatives Ideas:BANKNIFTY might found a support around 18500 levels. We recommend doing a put proportion spread in Banknifty according to levels given below.

Strategy: Strategy:BUY BANKNIFTY 18600 PE @ 54, SELL 2 BANKNIFTY 18400 PE @ 25, SPREAD AT 4, TARGET 38.

BEL BUY, CMP: 1474.90, Initiation Range: 1450-1460 , SL: 1400, Target: 1600, Duration: 3-5 Days
ANDHRA-BANK SELL FEB FUTS, CMP: 49.10, Initiation Range: 49.5-50, SL: 51,Target: 46, Duration: 3-5 Days

Following worldwide prompts, Nifty index opened feeble on Friday, traded with bearish predisposition through out the day and at last settled over a percent lower. Excepting FMCG all the sectoral turns settled in red. Wherein Nifty PSU Bank index lost greatest follower by Energy. Showcase members received a careful position in front of Donald Trump’s introduction as the 45th US President, this was the sole purpose for the fall as traders liked to book positions before the occasion which was booked post showcase, on Friday.Technically, Nifty is very much put on long-term outlines; subsequently, we counsel short to medium-term traders to use plunges to collect quality stocks. Markets will continue more extensive pattern soon also, respond to the acquiring declarations rather the other outside components.

Way2Wealth Recommendation:
No call still now.

Fairwealth Recommendation: Nifty : Niftyended session with modest
No call still now.

Eastern Finance Recommendation:
Harrisons Malyalam cl 84.70 BUY sl 81 tgt 90
Rural Electrifi Corp cl 137.15 BUY sl 135 tgt 140
Blue Dart Express cl 4505.50 BUY sl 4450 tgt 4600
United Spirits cl 2078 BUY sl 2035 tgt 2150
Arshiya cl 40.10 BUY sl 38 tgt 44

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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