Broker’s Recommendations – Intraday Stock Tips For Today 28-03-2017
Check How SGX Nifty Is Trading
Check here to see live SGX Nifty Price.
ICICI Direct Recommentations: Sensex: We stated, “Reversed sledge negative if today it debilitates below its bottom…” The index debilitated below Friday’s base and lost 184 points or 0.6% for the day therefore. All parts finished level to negative. Heavyweight RIL’s 2.7% loss pressurized the Sensex. While PSU banks picked up, metal pressurized the Sensex. While PSU banks picked up, metal stocks lost. The A/D proportion turned negative 1:2 in order. The activity shaped an Evening Star, a three-light example, which can be bear is hon follow-up weakness and close below its base. In any case, the index is currently trying the crevice up territory of May 14, once more, which offered help a week ago. Watch if the support holds,though strength and close above yesterday is required to affirm the support. Generally not.
Nifty Future Tips:
Action : Buy in the range of 9040-9050
Targets : 9100
Stop-loss : 9020
ICICI Direct Stock Tips (Current month future):
Action : Buy in the range of 144.50-145.50
Targets : 146.40/148.00
Stop-loss : 143.50
Action : Sell in the range of 191.50-192.50
Targets : 190.10/188.10
Stop-loss : 194.10
ICICI Direct Stock Future Tips:
Buy CANBAN MAR Fut at 300.00-300.50
View: Bullish, Strategy: Buy Future
Target 1: 301.7, Target 2: 305
Stop Loss: 298.3
Sell DRREDD MAR Fut at 2608.00-2612.00
View: Bearish, Strategy: Sell Future
Target 1: 2592, Target 2: 2552
Stop Loss: 2632
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No calls still now
Derivatives Ideas: GODREJIND included around 6.6% of open interest as crisp long positions. Every day vwap is around 502 levels. it has moved around 20% in next contract so far. It is trading on skirt of upside breakout from Flag arrangement on weekly outlines. it is too trading over 50/100/200 EMA in higher highs— higher lows arrangement on every day outlines. We prescribe buying GODREJIND APR FUTS according to below specified levels.
Strategy: BUY GODREJIND APRIL FUTS BETWEEN 500-503, SL 492, TARGET 525.
Religare Super Ideas
BERGEPAINT BUY, CMP: 231.15, Initiation Range: 230-232 , SL: 224, Target: 248, Duration: 3-5 Days
MANAPPURAM BUY, CMP: 98.65, Initiation Range: 96-98, SL: 91, Target: 112, Duration: 3-5 Days
Nifty lost over a large portion of a percent in an unpredictable day, reflecting the last trading session. Weak signals on both the residential and worldwide front activated frail begin, which additionally crumbled as the session advanced. Be that as it may, bounce back in select index majors indexed to recoup a few losses in the later half. In accordance with the benchmark, for the most part sectoral lists closed in red and the market broadness too stayed feeble. It’s ordinary to see such unstable swings amid the union stage and we anticipate that this will proceed ahead too. We repeat our recommendation to restrict utilized positions and keep them supported. In the meantime, trader shouldn’t conflict with the pattern and keep up buy on plunges approach.
No calls still now
angel broking Recommendation:
Sensex (29237)/ Nifty (9045):
The Nifty index opened yesterday’s session insignificantly negative furthermore, traded with negative predisposition all through the session. The index in the long run finished the session with a loss of 0.69 percent over its past session’s close.
After a positive momentum amid last two trading sessions of the earlier week, the Nifty index revised in yesterday’s session as the market expansiveness amid the day was agreeable to the decays. Notwithstanding, the index keeps on trading around the support zone of 8975 – 9020 which is the support zone as indicated by the hole made on fourteenth March. We emphasize that since the more extensive pattern of the index is up, traders ought to utilize this decay as a buying opportunity and suspect the resumption of the uptrend soon. Once the index continues the uptrend, we anticipate that the index will head higher towards 9400-9600 (value augmentation of the past up move from late low of 7893.80 ) throughout the following couple of weeks. The graph structure stays positive the length of 8850 remains unbroken on an end premise.
Nifty Bank Outlook -(21057):
The Nifty Bank index traded in a narrow range yesterday and ended the session with a marginal loss of 0.31 percent.
In yesterday’s trading session, the PSU Banks proceeded with their positive momentum which was likewise found in Friday’s trading session. The Nifty PSU Bank index beat the more extensive showcases and increased 1.32 percent yesterday. Since the up move in keep going couple of trading session inside the PSU Banks has been driven by great volumes, we anticipate that the out performance will proceed. Thus, we encourage traders to proceed traded with positive predisposition furthermore, search for buying openings inside this space. The intraday supports for the Nifty Bank index are set around 20938 furthermore, 20854 while resistance is found in the scope of 21335- 21377.
No calls still now
Eastern Finance Recommendation:
BPL Close 73.25 BUY Stop 70 Target 79
Nitin Spinners Close 118.75 BUY Stop 115 Target 124
Nilkamal Close 1989.45 BUY Stop 1934 Target 2080
SpiceJet Close 100.65 BUY Stop 98 Target 105
Mukand Close 78.35 BUY Stop 77 Target 82
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.