Live Markets »News & Advice»Latest Advice»Latest Advice Details
Latest Advice Details

Buy and sell calls by Religare Securities for today's trade

Religare Securities/Mumbai 12 Sep 17 | 08:27 AM

Nifty outlook:

Nifty gained over half a percent and re-tested 10,000 after weeks of consolidation. It opened gap-up and gradually moved higher, tracking firm global markets and supportive local cues. The recently concluded GST Council meet boosted the sentiment as the members decided to cut rate of over 40 articles of mass consumption. On sectoral front, private banking counters performed exceptionally well while others traded mixed.

Related Stories

    No Related Stories Found
Widgets Magazine

We suggest continuing with the stock specific trading approach and see how Nifty will behave around 10,000. Private banks, NBFCs and auto are performing in line with our view and likely to carry this momentum ahead as well.

Few trading ideas by Religare Securities:

GAIL (India) 

Rec: BUY 

Last Close: Rs 394.80

Initiation range: Rs 389-392

Target: Rs 410

Stoploss: Rs 380

GAIL has witnessed fresh breakout from a consolidation pattern today i.e. on 11th Sep and looks all set for a fresh surge. Traders can use any dip to accumulate in the given range.

Tata Communications 

Rec: BUY

Last Close: Rs 676.50

Initiation range: Rs 670-675

Target: Rs 700

Stop loss: Rs 660

TATACOMM has rebounded swiftly from its support zone around 570 of late with noticeable rise in volume. And, it has formed a fresh buying pivot and likely to witness strong surge in near term. Traders should go long in the given range.

Allahabad Bank


Last Close: Rs 68.35

Initiation range: Rs 69.50-70.50

Target: Rs 66

Stop loss: Rs 71.50

ALBK, after the recent bounce, has failed to sustain above its resistance zone around Rs 72 and has formed a fresh shorting pivot on chart. Keeping in mind its overall trend, we suggest initiating fresh shorts in the given range.


Widgets Magazine


Company Price Gain (%)
Sun Pharma.Inds.576.303.91
M & M908.152.78
H D F C1,902.402.54
Axis Bank524.652.22
Bharti Airtel374.601.74


Currently No Poll Available.

Online Portfolio

You can create Online Portfolio here using the below button.

Widgets Magazine