Broker’s Recommendations – Intraday Stock Tips For Today 31-03-2017
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 : Sell in the range of 9205-9215
Targets : 9155
Stop-loss : 9235
ICICI Direct Stock Tips (Current month future):
Action : Buy in the range of 233.00-234.00
Targets : 235.80/238.30
Stop-loss : 231.10
Action : Buy in the range of 844.00-846.00
Targets : 852.80/860.80
Stop-loss : 836.80
ICICI Direct Stock Future Tips:
Buy CEAT APR Fut at 1330.00-1332.00
View: Bullish, Strategy: Buy Future
Target 1: 1335.7, Target 2: 1347.1
Stop Loss: 1324.3
Sell AXIBAN APR Fut at 497.00-498.00
View: Bearish, Strategy: Sell Future
Target 1: 494.7, Target 2: 488
Stop Loss: 501.3
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Sharekhan Calls: The Nifty opened on a level note today, which was followed by a new round of buying. Subsequently, the Nifty progressed encourage today. Regarding the Fibonacci levels, the Nifty has remembered 78.6% of the past fall, ie 9175. Along these lines, it can take a respite at this level. By and by, an augmentation in the wave structure proposes that the Nifty has a huge upside potential from a here and now to medium-term point of view. The here and now focus on the upside will be 9340 with a possibility to rise up to 9500. On the other side, 9120-9100 will go about as a key support zone from a transient point of view with 9000- 8980 being a note worth support range.
Derivatives Ideas: IRB included around 38.60% of open interest as new long positions. It has moved around 69% into next arrangement. On diagrams, it has made a crisp buying turn on day by day and in addition on intraday diagrams, and is too trading above here and now and long haul moving averages in higher highs- higher lows on every day outlines. We prescribe doing a secured call procedure according to levels said below.
Strategy: BUY IRB APR FUTS BETWEEN 236-238 & SELL 250 APR CE BETWEEN 5-6, SL 233, TARGET 250.
Religare Super Ideas:
CESC BUY, CMP: 843.70, Initiation Range: 845-855 , SL: 825, Target: 910, Duration: 3-5 Days
CIPLA BUY, CMP: 598.35, Initiation Range: 595-605, SL: 588, Target: 640, Duration: 3-5 Days
Nifty figured out how to end with unassuming increase on the expiry day, because of buying in select index majors. Assessment was up – beat at the outset on report that the Lok Sabha passed all four GST charges, which has expanded any expectations of opportune usage from July 1. Be that as it may, it stayed unpredictable from that point and drifted in a thin range till the end. In the interim, traders were occupied in rollover and loosening up their subsidiaries places of March month. Saving money furthermore, realty were the top gainers on sectoral front while others traded directionless and closed level at last.
No calls still now
angel broking Recommendation:
Sensex (2964)/ Nifty (9174):
Yesterday, the Nifty opened on a level note and began moving higher in initial trades. Be that as it may, the index traded in a tight scope of 40 points all through the session. Inevitably, the Nifty finished the session with additions of 33% of a percent over its past close.
Because of March F&O expiry, we saw some unstable move inside a range. The Nifty is moving admirably over the breakout level of ‘Falling Trend Line’ on hourly outline and in this way shows quality in the index. At current point, solid support for Nifty is placed at 9100–9120 also, any restorative move ought to be utilized as a buying opportunity. Then again, the Nifty is ready to move over its past high of 9218 what’s more, can rally towards 9300 – 9350 levels in upcoming sessions. Traders are exhorted to stick to a stock driven approach and anticipate that the index will trade with a positive predisposition.
Nifty Bank Outlook -(21621):
The Nifty Bank index proceeded with its bull run and increased another 1.07 percent to close at its all – time high level. As we have been saying since most recent couple of days, the Nifty Bank index and the stocks inside the segment are relied upon to beat the benchmark records.
The current upmove in the stocks inside the Banking segment has
been supported by great volumes and the index too has continued the uptrend from the “20DEMA” support. Consequently, we proceed with our recommendation to hold the long positions and expect the uptrend to proceed. The index is relied upon to rally upto 22410, which is the 161.8% equal retracement of the past remedial move. The intraday supports for the Nifty Bank index are put around 21427 what’s more, 21337 though resistances are seen around 21793 what’s more, 21918.
No calls still now
Eastern Finance Recommendation:
Aurobindo Pharma Close 671.70 BUY Stop 665 Target 682
Adani Ports Close 338.85 BUY Stop 330 Target 350
Tata Metaliks Close 564.40 BUY Stop 555 Target 580
Adani Power Close 39.90 BUY Stop 39 Target 42
Bata Close 569.45 BUY Stop 557 Target 590
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.