Broker’s Recommendations – Intraday Stock Tips For Today 27-01-2017
Check How SGX Nifty Is Trading
Check here to see live SGX Nifty Price.
ICICI Direct Recommentations: Sensex: We stated, “Inclination positive … Bull resurrecting before Budget … Day by day Calls January 27, 2017 Sensex Daily Candlestick Chart pgg over into ‘Island’, watch higher levels…” The index opened crevice up and later fortifying over the Island region, completed a powerful 333 points or 1.2% higher. All areas settled level to positive however banks/NBFCs drove picks up. The A/D proportion proceeded with positive, at 2:1 for the third day. The activity shaped a greater Bull light, with a crevice up zone below its base. It affirmed Bulls are reducing the Financial plan of the coming Wednesday decidedly. Be that as it may, after three or four back to back Bull candles, one must watch deliberately particularly closer to the 618% retracement level to deliberately, particularly closer to the 61.8% retracement level to September-December fall, if the index can shape another Bull flame today.
Nifty Future Tips:
Action : Sell in the range of 8690-8700
Targets : 8640
Stop-loss : 8720
ICICI Direct Stock Tips (Current month future):
Action : Buy in the range of 137.00-137.80
Targets : 140.30
Stop-loss : 135.90
Action : Buy in the range of 523.50-525.50
Targets : 533.80
Stop-loss : 519.40
ICICI Direct Stock Future Tips:
Buy INDCOU FEB Fut at 181.50-181.90
View: Bullish, Strategy: Buy Future
Target 1: 182.8, Target 2: 185.1
Stop Loss: 180.6
Sell PCJEW FEB Fut at 383.00-384.00
View: Bearish, Strategy: Sell Future
Target 1: 381.1, Target 2: 375.8
Stop Loss: 386.5
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Sharekhan Calls:The Nifty opened hole up in today’s session, as it has figured out how to pierce into the bearish island region. It had accomplished all our upside focuses on intraday premise, ie 8520 and 8580. Presently, on the upside, the prompt Nifty target comes to 8654, which should be cleared in request to inch higher towards our medium-term focus of 8741. On the lower side, the Nifty has a minor support at 8518, which ought to hold so as to maintain the upward momentum temporarily. The positional traders are encouraged to clutch their yearns with an updated stop loss of 8440.
Derivatives Ideas: IGL included around 17% of open interest as long positions. It has moved 67% into Feb arrangement. On talks, it is trading on skirt breakout from clog zone of last 20 trading sessions or something like that. We recommend buying IGL Feb futures according to levels given below.
Strategy: Strategy—BUY IGL FEB FUTS BETWEEN 932-934, SL 920, SL 960.
Religare Super Ideas
CENTURYTEX BUY, CMP: 839.95, Initiation Range: 835-845 , SL: 810, Target: 920, Duration: 3-5 Days
KANSAINER BUY, CMP: 345.30, Initiation Range: 344-348, SL: 334, Target: 380, Duration: 3-5 Days
The F&O expiry day ended up being an excellent session for the members as Nifty picked up almost one and half percent and closed around the day’s high. Slant was upbeat from the earliest starting point, light by the late talk between the US President and the PM to fortify monetary ties. In any case, superior to expected corporate income declarations set off the genuine momentum, which got the bears totally off – watch and incited short covering in all cases. The late surge in market is the reasonable sign of hopefulness in front of the Union Budget what’s more, we feel it’ll additionally reach out in days to come. Auto and keeping money are driving from the front on the normal lines and liable to keep up this out performance ahead also. Next, we’re peering toward 8700 in Nifty so keep up bullish view further more, utilize plunges to include quality stocks.
No call still now.
Fairwealth Recommendation: Nifty :
Nifty : It was a stellar execution by benchmark on F&O expiry day. Nifty settled with increases of around 1.50% at 8602. It made a firm begin and advanced north from that point. Excepting IT what’s more, PHARMA all other sectoral records settled with positive inclination. For today, Asian associates are trading with positive inclination . SGX Nifty is trading at 8660,-34 points. As talking about from past numerous sessions, we are bullish on Nifty till it is holding over 8280, mind h quick focuses of 8550 and the objective of 8550 was accomplished on Wednesday. On level front, intraday extend for Nifty spot is 8560 – 8660, either side maintainability will choose the further strategy for intraday. On option front 9000 calls have highest open interest and on put side it’s at 8400 put.
Stocks for Today
FORTIS Buy(Dely) at 187-189, Stoploss: 185, Target: 196
CEATLTD Buy(Dely) at 1170-80, Stoploss: 1150, Target: 1220
IGL Buy(Dely) at 925-935, Stoploss: 915, Target: 980
Bank Nifty: Bank Nifty performed in line with Nifty and settled at 19473, +449 points.Banknifty spot
range for today is 19400-19600, either side sustainability will decide the further course of action for intraday.
Stocks for Today
No call still now.
Eastern Finance Recommendation:
Intellect Design cl 150.15 BUY sl 147 tgt 155
Sterlite Technologies cl 121.80 BUY sl 119 tgt 126
Dredging Corp cl 478.95 BUY sl 465 tgt 500
DCM cl 121.80 BUY sl 119 tgt 127
Bharat Financial cl 749.15 BUY sl 727 tgt 780
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.