Broker’s Recommendations – Intraday Stock Tips For Today 24-03-2017
Check How SGX Nifty Is Trading
Check here to see live SGX Nifty Price.
ICICI Direct Recommentations: Sensex: We stated, “Watch if the index makes an endeavor to secure the hole up area…” The index did attempt to hold the gap-uparea and furthermore the “cover” level with the past top we checked in yellow, and increased 164 points or 0.5% for the day. All areas finished level to positive. Oil and gas, power, metal and it lddd d1% hhilth A/D titd top it algood sadded1 % each while the A/D ratio turned positive 3:1. The activity framed a Bull flame, containing endeavor to hold crevice up zone of March 14. After three lower high-lows,the index was capable to hit a higher high-low In the event that it can cover index was capable to hit a higher high low. On the off chance that it can cover Wednesday’s crevice down zone,it would keep an Island Inversion. For this, quality/ close over 29485 is required. Else, the activity can turn rough on the most recent day of the week.
Nifty Future Tips:
Action : Buy in the range of 9085-9095
Targets : 9145
Stop-loss : 9065
ICICI Direct Stock Tips (Current month future):
Action : Buy in the range of 598.00-600.00
Targets : 604.90/611.20
Stop-loss : 592.90
Action : Buy in the range of 723.00-725.00
Targets : 731.20/738.50
Stop-loss : 716.90
ICICI Direct Stock Future Tips:
Buy ARVLIM MAR Fut at 394.00-394.40
View: Bullish, Strategy: Buy Future
Target 1: 396, Target 2: 400
Stop Loss: 392
Sell HINDAL MAR Fut at 191.80-192.00
View: Bearish, Strategy: Sell Future
Target 1: 190.7, Target 2: 188.4
Stop Loss: 192.9
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Sharekhan Calls: The bulls countered today subsequent to being hit hard in the last couple of sessions. The Nifty opened hole up and scaled higher. The Index clutched the trendline drawn from the past swing lows. The scope of 8980-9000, which had prior went about as a resistance, is currently offering help to the Nifty. For whatever length of time that the support range hangs on an end premise, the bullish capability of the Nifty will stay in place. The Index couldn’t cross 9100 in today’s session however. In any case, the momentum on the upside will get speed once 9100 is crossed. The every day outline demonstrates that the rally is in the fifth leg on the upside, which is getting sub-partitioned into lower degree waves. Here and now and medium-term focuses on the upside are 9230 and 9500, individually
Derivatives Ideas: BHARATFIN included around 31% of open interest as new long positions. Day by day vwap is around 835 levels. Call buying was seen at 840 and 860 strikes. On graphs, it has made a buying turn on day by day also as on intraday graphs. it is additionally trading above essential value support zone of 805- 800 on day by day graphs. We recommend doing a bull call spread in BHARATFIN according to specified levels.
Strategy: BUY BHARATFIN 840 CE AT 23-25 & SELL 880 CE AT 9-10, NET PREMIUM PAID 14-15, SL 9, TARGET 28.
Religare Super Ideas:
SYNDIBANK SELL APR FUTS, CMP: 67.10, Initiation Range: 68-69, SL: 71, Target: 63, Duration: 3-5 Days
CUMMINSIND BUY, CMP: 908.25, Initiation Range: 900-905, SL: 870, Target: 960, Duration: 3-5 Days
NIFTY View Markets bounced back quickly and increased over a large portion of a percent, on account of great household signs. It opened hole up yet absence of follow – up buying topped the upside as the session advanced. In any case, situation changed in last 30 minutes as observable bounce back was seen in select index majors, which added to the morning picks up. Signs are in the support of union in not so distant future while instability will proceed on the stock particular front. Traders ought to watch out for worldwide improvements and core interest more on the position administration now.
No calls still now
angel broking Recommendation:
Sensex (29332)/ Nifty (9086):
We saw a hole up opening yesterday after US markets taking some breather and critically, the US Dollar index keeping up its position below the 100 check. The buying interest was found in the first and a hour ago of the session. Accordingly, the Nifty figured out how to trim significant segment of Wednesday’s losses to end the session bit below the 9100 check.
Yesterday, we saw so me reprieve after most recent 3 days of remedial move in the market. This was likely on cards as the market entered a solid support zone because of some remedial activity after posting another high of 9218.40 last Friday. With reference to past article, we were anticipating 9020 – 8975 to give a solid support and particularly on our normal lines, we seen a tolerable skip in the market. We keep on remaining upbeat available and would rather encourage to use these plunges to make crisp aches rather than going short available. It’s hard to give a period -shrewd expectation; however cost – shrewd, we repeat that the Nifty is probably going to head towards 9400 – 9600 (cost augmentation of past up move from late low of 7893.80 ) over the following couple of weeks. Traders hold up
ing for plunges to start crisp yearns post the UP decision result ought not escape by this negativity. The diagram structure stays positive the length of 8850 stays unbroken on an end premise
Nifty Bank Outlook -(20895):
After a corrective move for three trading sessions, the Nifty Bank index too pulled back higher from its support zone and ended yesterday’s session with gains of 0.55 percent.
As we had highlighted in our yesterday’s report, the current redress simply appear to be a remedial move of the uptrend and since the index is trading close to the support zone, traders ought to utilize this as a buying opportunity. We keep on maintaining our positive position on the index and encourage traders to make long positions as the hazard reward is ideal for the same. The intraday support for the Nifty Bank index is put in the scope of 20700 – 20750 though resistances are seen around 20967 what’s more,21050.
No calls still now
Eastern Finance Recommendation:
Trigyn Techno Close 114.75 BUY Stop 112 Target 120
Aban Offshore Close 222.90 BUY Stop 219 Target 229
Jindal Stainless Close 71.35 BUY Stop 70 Target 74
GIC Housing Close 345.65 BUY Stop 339 Target 355
Interglobe Aviation Close 976.95 BUY Stop 962 Target 997
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.