Broker’s Recommendations – Intraday Stock Tips For Today 23-03-2017
Check How SGX Nifty Is Trading
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ICICI Direct Recommentations: Sensex: We stated, “Inclination negative the length of the index frames a Bear flame with a lower high-low…” The index opened hole down below the Gray channel. Facilitate shortcoming below open guaranteed a Bear flame and net loss of 318 points or 1%. All divisions finished negative. PSU banks, FMCG what’s more, auto driven the divisions finished negative. PSU banks, FMCG what’s more, auto driven the loss while the A/D proportion exacerbated further to 1:3. The activity framed a greater Bear light with hole down over its Head, which looks like bearish Island inversion. No upsides are conceivable until the index can recoup over the Island range. In any case, following three days of lower high-low, and still inside the crevice up territory of March 14, watch if the index makes any endeavor to ensure the crevice up territory or not.
Nifty Future Tips:
Action : Sell in the range of 9100-9110
Targets : 9050
Stop-loss : 9130
ICICI Direct Stock Tips (Current month future):
Action : Buy in the range of 905.00-907.00
Targets : 914.70/923.50
Stop-loss : 896.90
Action : Sell in the range of 390.50 391.50
Targets : 388.10/385.10
Stop-loss : 394.30
ICICI Direct Stock Future Tips:
Buy CADHEA MAR Fut at 444.00-445.00
View: Bullish, Strategy: Buy Future
Target 1: 446.8, Target 2: 451.8
Stop Loss: 441.8
Sell JUSDIA MAR Fut at 559.00-560.00
View: Bearish, Strategy: Sell Future
Target 1: 556.7, Target 2: 550
Stop Loss: 563.3
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Sharekhan Calls: The Nifty opened crevice down and stayed under weight. It has fallen towards a rising trendline drawn from the past swing lows. The 8980-9000 territory, which had prior went about as an obstacle, will now expect the part of a support zone, and can pull in crisp buying. As long as the support territory hangs on an end premise, the bullish potential stays in place. The day by day graph demonstrates that the rally is in its fifth leg on the upside, which is getting sub- isolated into lower degree waves. The minor amendment has shaped a profound retracement of the past ascent. Thus, the following leg up could be around the bend. Here and now furthermore, medium-term focuses on the upside are 9230 and 9500, separately.
Derivatives Ideas:NIFTY Futures has seen fresh short buildup in yesterdays trade. Nifty call option writing is seen in 9100 strike. we expect Nifty to be in 9100 -8950 range.
Strategy: BUY NIFTY 9050 PE @ 50 -52, Stop loss @ 36 and target @ 82.
Religare Super Ideas:
CUMMINSIND BUY, CMP: 902.65, Initiation Range: 890-895, SL: 860, Target: 960, Duration: 3-5 Days
JSWENERGY SELL FUTS, CMP: 60.15, Initiation Range: 61-62, SL: 64, Target: 56, Duration: 3-5 Days
NIFTY View Nifty opened crevice down and finished with cut of almost a percent, mostly pressurized by frail worldwide signs. Notions soured in response to the slide in world markets, refering to vulnerability over the key changes in the US. Traders additionally observed the current proposition by the government to further control money exchanges. Subsequently, expansive – base selling was seen also, generally sectoral records closed in red. Nifty has nearly achieved closer to 9000 check and downside now appears to be topped from the current level. Be that as it may, stocks may keep on trading unpredictable after the current slide. Traders ought to confine their utilized positions and keep them supported. Union is more probable in not so distant future.
No calls still now
angel broking Recommendation:
Sensex (29168)/ Nifty (9030):
The Nifty opened crevice down and stayed under weight. It has fallen towards a rising trendline drawn from the past swing lows. The 8980-9000 territory, which had prior went about as an obstacle, will now expect the part of a support zone, and can pull in crisp buying. As long as the support territory hangs on an end premise, the bullish potential stays in place. The day by day graph demonstrates that the rally is in its fifth leg on the upside, which is getting sub- isolated into lower degree waves. The minor amendment has shaped a profound retracement of the past ascent. Thus, the following leg up could be around the bend. Here and now furthermore, medium-term focuses on the upside are 9230 and 9500, separately.
Yesterday, despite the fact that, we can see a percent cut on the benchmark index, the stock particular harm was massive. This was positively somewhat surprising for us; yet having said that, we would decipher this as a remedial move inside the bigger degree up pattern. According to the hole hypothesis, the index is in a procedure of filling a crevice made on March 14, 2017. At this crossroads, 9020 – 8975 would be seen as solid support levels and going by our current bullish position, we are not in the least reluctant to prompt an opposing activity around this said support zone. Notwithstanding this solid remedial move, we repeat that the Nifty is probably going to head towards 9400 – 9600 (value expansion of previous up move from late low of 7893.80 ) throughout the following couple of weeks. Having said that, in the middle of a few union or a profit booking by momentum traders can’t be discounted. Traders sitting tight for plunges to start crisp yearns post the UP decision result should not escape by this cynicism. The diagram stricture stays positive the length of 8850 stays unbroken on an end premise.
Nifty Bank Outlook -(20781):
Following negative global cues, the Nifty Bank index opened gap down in yesterday’s trading session and traded with negative bias throughout the session. The index eventually ended the session with a loss of 1.13 percent over its previous session’s close.
Post the restorative move in last four trading sessions, the Nifty Bank index has now closed in the region of its transient support zone. Thus, we trust that the downside from current levels may be limited and the ‘hourly 200 SMA’ around 20700 is likely to go about as solid support. Along these lines, despite everything we translate this remedial move as a major aspect of uptrend and subsequently, encourage traders not to foresee an inversion of the more extensive pattern. Here and now traders ought to infact st workmanship particular buying as the hazard compensate proportion is positive from current levels. The intraday supports for the Nifty Bank index are set around 20700 also, 20534 though resistances are seen around 20967 also, 21050.
No calls still now
Eastern Finance Recommendation:
OnMobile Global Close 82.85 BUY Stop 80 Target 88
NLC India Close 117.50 BUY Stop 114 Target 123
Sobha Close 339.90 BUY Stop 332 Target 352
Gravita India Close 60.10 BUY Stop 58 Target 64
Rupa and Co Close 297.75 BUY Stop 290 Target 310
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.