Brokers Bets – Intraday Calls For 16-10-2018

ICICI Direct Intraday Calls For 16-10-2018:

Nifty Future Tips:

Action -Buy
Price Range -10470-10485
Target -10504.0/10530.0
Stop loss -10454.00

ICICI Direct Stock Tips (Current month future):

Sun Pharma (SUNPHA)
CMP -601.40
Action -Buy
Initiation Range -600.00-601.00
Target -606.40/611.80
Stop Loss -594.50
Rationale -Price rebounding from the previous breakout area and bullish crossover in the 14 period’s RSI in daily chart

Bajaj Finance (BAJFI)
CMP -2314.10
Action -Buy
Initiation Range-2313.00-2318.00
Target -2337.80/2358.20
Stop Loss -2294.80
Rationale- A falling channel breakout and price sustaining above 200 days EMA

Intraday Calls For 16-10-2018

Way2Wealth Recommendation:

SUNPHARMA Buy At cmp 600, Target:640, Stop Loss:580
BHARATFORG Sell Below 576, Target:550, Stop Loss:591
CHOLAFIN Sell Below 1169, Target:1110, Stop Loss:1205

IDBI Direct:

ZEEL(472.5), Buy on dips till 470, Target 486, SL 466

India Infoline:

Trading Strategy
Adani Enterprises (Buy between Rs152-154, Target Rs159, Stop Loss Rs149.25
Derivative Strategy
Buy Rel Infra October Future at Rs328-331, Stop Loss Rs322.5 and Target Rs336-337

Remember:

These recommendations are by brokers and we have collated them for our readers. Please read the disclaimers carefully before trading.

Ankita is a graduate in English language and she has also done her MBA from the Calcutta University. She has a high knack in the stock markets. An experienced stock market content writer Ankita is also trading on her own account. Ankita is also preparing for the NISM Research Analyst Series XV examination seriously.



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