Broker’s Recommendations – Intraday Stock Tips For Today 23-02-2017
Check How SGX Nifty Is Trading
Check here to see live SGX Nifty Price.
ICICI Direct Recommentations: Sensex: We said, Close above Friday re- affirmed positive predise position … better watch higher levels …” The index held the positive predis position. Be that as it may, paring 202 points from higher levels, it settled with a net pick up of 103 points or 0.3%. Without RIL, up 11%, the Sensex could have finished negative, in light of the fact that other parts closed level to negative also, the A/D proportion turned parts closed level to negative also, the A/D proportion turned negative 1:2. The activity framed an Advance Block, a Bull light with Upper Shadow recommending alert at higher levels. The Sensex finished 100 points higher simply because of Reliance Enterprises. Else, it could have settled 100 points lower. Subsequently, shortcoming and close below the flame’s base can turn the inclination. Else, the positive inclination will stay in place yet will get re-affirmed over the Upper Shadow.
Nifty Future Tips:
Action : Sell in the range of 8950-8960
Targets : 8900
ICICI Direct Stock Tips (Current month future):
Action : Buy in the range of 1009.00-1012.00
Targets : 1022.80/1031.00
Stop-loss : 1000.90
Action : Sell in the range of 1158.00-1162.00
Targets : 1149.60/1139.00
Stop-loss : 1170.80
ICICI Direct Stock Future Tips:
Buy ITC FEB Fut at 267.20-267.40
View: Bullish, Strategy: Buy Future
Target 1: 269 Target 2: 272.3
Stop Loss: 265.6
Sell INFTEC FEB Fut at 983.00-985.00
View: Bearish, Strategy: Sell Future
Target 1: 977, Target 2: 961
Stop Loss: 993
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Sharekhan Calls: The Nifty opened crevice up and moved higher to accomplish our objective of 8930. It has achieved the day by day and in addition weekly upper Bollinger Band and the falling trend lline from the past swing highs. The Nifty made an endeavor to test a significant swing high of 8968. The Index is on the course to test the unsurpassed high of 9119, which is currently our fleeting target. Appropriately, the medium- term target has now been raised to 9430. From a short- term point of view, 8900-8860 will go about as a significant support zone for any minor plunge.
Derivatives Ideas: NIFTY futures included around 14.6% of open interest as long positions. It has moved 49% into next arrangement up until now. Put composing was seen at 8900 and call composing was seen at 9000 strike. We propose doing bull spread according to levels specified below.
Strategy: BUY NIFTY 8900 CE AT 35 & SELL 9000 CE AT 6, NET PREMIUM PAID 29, SL 14, TARGET 80.
Religare Super Ideas:
HINDUNILVR BUY, CMP: 864.15, Initiation Range: 858-862, SL: 840, Target: 900, Duration: 3-5 Days
LICHSGFIN BUY, CMP: 559.50, Initiation Range: 555-558 , SL: 545, Target: 595, Duration: 3-5 Days
NIFTY View Nifty: The Nifty index figured out how to end in green drove by solid surge in Reliance Industries, which increased close to 11%. Nifty closed up 0.2%, while BSE Small-top and Mid- top files declined 0.6% each. Uncovering Oil&gas and IT lists, profit taking was found in all the significant files.Despite the fact that Mid -top and Small – top records are trading close to their particular highs, the pattern stays positive for the forefront index. Being expiry day, there could be high instability in the trading session as members will rollover and loosen up their subordinates positions.
No call still now.
Nifty : Nifty is relied upon to open with a level to negative what’s more, discover support around 7990. Real resistance may be at 8110. Major support may be at 7939 while real resistance would be 8160..
Stocks for Today:
BAJAJAUTO Buy(Dely) at 2790-2800, Stoploss: 2760(cl basis), Target: 2860
ONGC Buy(Dely) at 192-194, Stoploss: 189, Target: 202
LICHSGFIN Buy(Dely) at 556-558 , Stoploss: 554(cl basis), Target: 575
Bank Nifty: Bank Nifty performedin line with Nifty and finally settled flat at 20868, +7 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:
Apollo Hospitals Close 1318.20 BUY Stop 1308 Target 1335
Jindal Steel Close 110.25 BUY Stop 107 Target 115
Avanti Feeds Close 646.40 BUY Stop 620 Target 685
Orient Cement Close 145.60 BUY Stop 141 Target 154
Mercator Close 48.70 BUY Stop 47 Target 52
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.