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Latest Technical ArticlesView All
Reliance Securities Market Lens (15 Dec 17)
Reliance Securities | Published: 15 Dec 2017
We reiterate our BUY recommendation on the stock with an unrevised Target Price of Rs223 based on 2.2x FY19E Adjusted book value.
Nifty outlook and recommendations for 15'Dec 17
Way2wealth | Published: 15 Dec 2017
Looking at the hourly chart, yesterday’s low was coincided with the 61.8% retracement of its recent swing move also the hourly RSI (14) reversed from 40 levels. Now, index has ...
L&T Infotech: Strong visibility on continued out performance; Buy
Motilal Oswal | Published: 14 Dec 2017
Upgrading estimates: Given industry leading performance, we have upgraded earnings by 5-10%, led by commentary on revenue visibility and margin execution. At 13/12% revenue/PAT CAGR over FY18-20, there is a ...
Reliance Securities Market Lens (14 Dec 17)
Reliance Securities | Published: 14 Dec 2017
Kotak Mahindra Bank closed 1.5% higher outperforming benchmark NIFTY index by 2% along with sharp surge in volume. We maintain our BUY recommendation on the stock with an unrevised Target ...
Nifty outlook and recommendations for 14'Dec 17
Way2wealth | Published: 14 Dec 2017
Nifty has an immediate support near 10150 and any break below this level will pull index lower towards 10033. Higher side, 10255 / 10320 are near term hurdle.
Reliance Securities Market Lens (13 Dec 17)
Reliance Securities | Published: 13 Dec 2017
Valuing at 50x CY18E (15% discount to its mean multiple of 60x (2005-15) earnings of Rs32.1/share, we have BUY recommendation with a Target Price of Rs 1,607.
Nifty outlook and recommendations for 13'Dec 17
Way2wealth | Published: 13 Dec 2017
After three days of an up move, the Nifty index witnessed decent profit booking in yesterday’s trade. During the day, index remained under pressure right from the beginning and eventually ...
Reliance Securities Market Lens (12 Dec 17)
Reliance Securities | Published: 12 Dec 2017
CEAT gained marginally in last trade on the expectations of decent improvement in earnings here on led by stable raw material prices and pick up in volume.
Nifty outlook and recommendations for 12'Dec 17
Way2wealth | Published: 12 Dec 2017
Now, index is approaching towards its upper band of its channel formation also the gap area of 10333 / 10346 likely to act as an immediate hurdle. On the flip ...
Nifty Technical: On the way towards new life highs before new year
HDFC Sec | Published: 11 Dec 2017
Overall maintain bullish stance as long as index trades above 10062, Traders may hold Nifty long positions (Buy at avg. of 10085.50) with the stoploss of 10062 for the target ...
Nifty outlook and recommendations for 11'Dec 17
Way2wealth | Published: 11 Dec 2017
Nifty precisely closed at 61.8% retracement of its entire move from the top of 10409 to the bottom of 10033. Going forward, Nifty has an immediate resistance near 10300 above ...
Week Ahead: Possibility of further upside potential up to 10350-75 levels by next week
HDFC Sec | Published: 11 Dec 2017
The overall chart pattern is indicating a possibility of further upside potential up to 10350-75 levels by next week and there is a possibility of near term downward correction from ...
Technial Stock Pick: Buy NBCC India and Sell Strides Shasun
HDFC Sec | Published: 08 Dec 2017
The down trend in this stock price (NBCC India Ltd) seems to have completed during this week.After a sharp upmove during mid to later part of Nov, the stock price ...
Nifty outlook and recommendations for 08'Dec 17
Way2wealth | Published: 08 Dec 2017
At this juncture, the Lower Top Lower Top Lower Bottom formation is intact hence traders are advised not to get carried away by such bounce. For the day, 10225 / ...
Reliance Securities Market Lens (7 Dec 17)
Reliance Securities | Published: 07 Dec 2017
Godrej Consumer Products (GCPL)closed 2.5% higher in trade today at Rs1003 compared to 0.7% drop in the benchmark Nifty.Based on EPS of Rs27, the stock currently trades at 37x FY19E ...
Nifty outlook and recommendations for 07'Dec 17
Way2wealth | Published: 07 Dec 2017
The Nifty Bank index too opened lower in tandem with the benchmark indices and remained under pressure throughout the session. Post policy announcement, the selling pressure accelerated as a result ...
Nifty outlook and recommendations for 06'Dec 17
Way2wealth | Published: 06 Dec 2017
The Nifty index precisely took support near daily 89-EMA and rebound sharply. The short term momentum indicator signals an oversold condition. For the day, 10165 / 10200 are intraday resistance ...
Technial Stock Pick: Sell KPIT Technologies between CMP & Rs 174
HDFC Sec | Published: 04 Dec 2017
After a sharp upmove since last month, the stock price has reversed down swiftly in last week and closed near the low. This could be an indication of a formation ...
Reliance Securities Market Lens (4 Dec 17)
Reliance Securities | Published: 04 Dec 2017
Expecting Pidilite to post revenue and earnings CAGR of 14.1% & 16.7% through FY17-19E, we maintain our BUY recommendation on the stock with a target price of Rs 941.
Week Ahead: Nifty to decline further down to 10050-10000 levels
HDFC Sec | Published: 04 Dec 2017
The presence of strong supports and the overall chart pattern is indicating a possibility of Nifty showing further decline down to 10050-10000 levels initially and then the possibility of emergence ...
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