Broker’s Recommendations – Intraday Stock Tips For Today 31-01-2017
Check How SGX Nifty Is Trading
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ICICI Direct Recommentations: Sensex: We said, After four continuous Bull candles, rally looks overstretched…” The over stretched index cooled down. Trading dull in a littler range, it at long last settled 33
points or 0.1% lower for the day. Heavyweights RIL, Bharti spared the Sensex from bigger harm. Telecom majors surged however the A/Dr at io turned negative after four days. suged however te / atotued egatea teou days The activity framed a Harami White, went inside Friday’s Bull light. The index held Friday’s hole up territory however couldn’t take out the upper shadow on the light. Friday’s high and in addition hole up territory keeps on being a urgent range. In the mean time, the focus has moved to individual stocks, as the index itself could trade dubious in front of the Budget.
Nifty Future Tips:
Action : Sell in the range of 8680-8690
Targets : 8630
Stop-loss : 8710
ICICI Direct Stock Tips (Current month future):
Action : Buy in the range of 158.50-159.50
Targets : 162.50
Stop-loss : 157.10
Action : Sell in the range of 470.00-471.00
Targets : 462.90
Stop-loss : 475.20
ICICI Direct Stock Future Tips:
No call still now.
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Sharekhan Calls: The Nifty opened gently lower and traded inside a short go for the whole day. It at last closed framing a Doji.Presently, since this Doji has closed inside the earlier body, it is named as ‘harami cross’ candle design. Along these lines, the swing high and swing low of the same turn out to be extremely critical. Consequently, 8617 and 8663 are vital levels for tomorrow. The upside require not be affirmed, as on the hourly outlines, the Nifty is obviously trading in its ‘wave iv down’. A breakout over 8663 will bring about ‘wave v up’, which will in the end take it to 8700 and further to 8741 levels. On the lower side, the Nifty has support at 8606 after 8617 levels. Along these lines, the forceful intra-day traders can go short below 8617 for the objectives
of 8591/8540, which are 23.6%/38.2% retracement levels of the current ascent from 8327 to 8673. Since, the short-
term pattern is still positive, the intra-day traders ought to book halfway profit almost 8591 and full profit close to 8540. At the point when the Nifty achieves 8540, one ought to go yearn for an intra-day focus of 8600 and from that point 8663. The short- term incline stays in place till the Nifty doesn’t close below 8520.
Derivatives Ideas: Occasion Strategy — We are envisioning VIX to shot up around 19% – 19.50% levels in here and now which will give a conceivable move of 250+ points in any heading. Considering the present situation, we propose doing an option match technique in BANKNIFTY what’s more, NIFTY according to levels given below.
Strategy: Strategy: BUY BANKNIFTY 2 FEB 19000 PE @ 47 & BUY NIFTY FEB 8900 CE @ 43, NET PREMIUM PAID 90, STOPLOSS AT 70, TARGET 142.
Religare Super Ideas
BRITANNIA BUY, CMP: 3145, Initiation Range: 3140-3160 , SL: 3060, Target: 3375, Duration: 3-5 Days
LICHSGFIN BUY, CMP: 559.30, Initiation Range: 558-565 , SL: 540, Target: 615, Duration: 3-5 Days
Markets settled level in a dull trading session today, reflecting worldwide partners. At first, it was the dread of late migration checks from the US which spooked the business sectors over the globe, including our own. Likewise, members liked to book some profit after the late surge, defending their speculations in front of Union Budget. It’s an ordinary delay on expected lines in the index; in any case, there’s no lack of trading openings on stock particular front. Also, we feel it may proceed with tomorrow too however with a positive tone. Financial specialists ought to utilize plunges to include quality stocks from auto, private banks and select NBFCs space. In the meantime, constraining utilized positions and keeping them supported before the occasion is a smart thought.
No call still now.
Fairwealth Recommendation: Nifty :
Nifty : Nifty settled level on Monday, It opened level and traded in a limited scope of 8660 – 8620 from that point.
For today, Asian companions are trading with negative predisposition . SGX Nifty is trading at 8629,- 25 points , demonstrating feeble begin for household markets. On level front, intraday go for Nifty spot is 8590- 8660, either side manageability will choose the further game-plan for intraday. From here on, unpredictability may inch higher due to upcoming Spending session, subsequently we propose traders to trail stops with each ascent and entirely fence their utilized position. Positional level from here on is 8450 – 8750. On option front 9000 calls have highest open interest and on put side it’s at 8400 put.
Stocks for Today
MOTHERSUMI Buy(Dely) at 335-340, Stoploss: 330 , Target: 360
RELIANCE Buy(Dely) at 1030-1040, Stoploss: 1015 , Target: 1080
SUNPHARMA Buy(Dely) at 638-642, Stoploss: 630 , Target: 665
Bank Nifty: Bank Nifty under performed Nifty and settled with negative bias at 19585, -.62%.Banknifty spot range
for today is 19500-19700, either side sustainability will decide the further course of action for intraday.
Stocks for Today
No call still now.
Eastern Finance Recommendation:
Buy IFB IND @525 SL 509 & Buy Mphasis @569 Sl 553
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.