by
Gautam UpadhyayaLast Updated:
Jan 19, 2018 - 04:30 am
185.9k
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TORRENT POWER - BUY
Stock
TORRENT POWER
Recommendation
The stock is in a higher top higher bottom chart structure. It has managed to give a breakout from its sideways consolidation backed by a surge in volumes on the daily chart. The stock has also witnessed a bullish crossover on the daily MACD Histogram.
Buy/Sell
Range
Target
Stop Loss
Buy(cash)
300-303
322
287
NSE Code
Market Cap(Rs in Cr)
52-week High /low
200 Day M.A
TORNTPOWER
14562
304/171
236
IBULHSGFIN - BUY
Stock
IBULHSGFIN
Recommendation
The stock has managed to give a breakout for its sideways consolidation on the daily backed by a smart uptick in volumes. Derivative data is also suggesting fresh long build up, which is indicated by surge in price and O.I.
Buy/Sell
Range
Target
Stop Loss
Buy(cash)
1292-1304
1370
1256
NSE Code
Market Cap(Rs in Cr)
52-week High /low
200 Day M.A
IBULHSGFIN
55565
1374/741
1139
PERSISTENT-Buy
Stock
PERSISTENT SYSTEMS
Recommendation
The stock is in a strong uptrend and has managed to form a bullish engulfing candlestick pattern on the daily chart. The stock has also managed to give a double bottom breakout on the 15 min chart. The trend and strength analysis indicates that the current momentum is likely to continue further.
Buy/Sell
Range
Target
Stop Loss
Buy(cash)
765-770
807
742
NSE Code
Market Cap(Rs in Cr)
52-week High /low
200 M.A
PERSISTENT
6160
798/552
654
AMBUJA CEMENT - SELL
Stock
AMBUJA CEMENTS
Recommendation
The stock has formed a large bearish candle on the daily chart and has given a close below the rising trend line. The stock has also shown weakness on the daily MACD histogram.
Buy/Sell
Range
Target
Stop Loss
Sell Jan Futures
269-271
258
278
NSE Code
Market Cap(Rs in Cr)
52-week High / low
200 M.A
AMBUJACEM
53324
291/218
262
IDFC - SELL
Stock
IDFC
Recommendation
The stock has formed a large bearish candlestick on the weekly chart. It has also given a close below its 200day EMA on the daily chart. Derivative data also suggesting fresh short positions.
About the Vodafone Idea FPO
The stock of Vodafone Idea Ltd has a face value of ₹10 per share and the price band for the book building FPO (follow-on public offer) has been set in the range of ₹10 to ₹11 per share. The FPO of Vodafone Idea Ltd will entirely be a fresh issue of shares with no offer for sale (OFS) component. The fresh issue tends to bring in fresh funds into the company, but is also EPS and equity dilutive.
Nifty started the week on a positive note above 22300 mark. The index consolidated within a range throughout the day and ended around its day’s high above 22350 with gains of a percent.
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