Month: March 2016

FreeStockAnalysis Hexaware Technologies Limited,Tata Communications Limited,Wipro Limited,Aditya Birla Nuvo Limited

Posted on by Hiren Kamani

Intraday Trading Strategy – 1


Hexaware Technologies Limited

Buy Hexaware Technologies Limited at / above 264.06 Target 268 – 272.11 – 276.25 – 280.42

Stop loss — 260.01

Sell Hexaware Technologies Limited at / below 260.01 Target 256.12 – 252.14 – 248.18 – 244.26

Stop loss — 264.06

 

Intraday Trading Strategy – 2


Tata Communications Limited

Buy Tata Communications Limited at / above 385.14 Target 389.86 – 394.81 – 399.8 – 404.81

Stop loss — 380.25

Sell Tata Communications Limited at / below 380.25 Target 375.57 – 370.74 – 365.94 – 361.18

Stop loss — 385.14

 

Intraday Trading Strategy – 3


Wipro Limited

Buy Wipro Limited at / above 564.06 Target 569.73 – 575.71 – 581.72 – 587.76

Stop loss — 558.14

Sell Wipro Limited at / below 558.14 Target 552.52 – 546.66 – 540.83 – 535.03

Stop loss — 564.06

 

Intraday Trading Strategy – 4


Aditya Birla Nuvo Limited

Buy Aditya Birla Nuvo Limited at / above 841 Target 847.84 – 855.13 – 862.45 – 869.81

Stop loss — 833.76

Sell Aditya Birla Nuvo Limited at / below 833.76 Target 826.97 – 819.8 – 812.65 – 805.54

Stop loss — 841

 

All prices relate to the NSE Spot/Cash Market

FreeStockAnalysis Hexaware Technologies Limited,Tata Communications Limited,Wipro Limited,Aditya Birla Nuvo Limited based on the previous trading day’s price activity.

Intraday call is valid for the next trading session only unless otherwise mentioned.

Stop-loss levels are given so that there is a level below/above, which the market will tell us that the call has gone wrong. Stop-loss is an essential risk control mechanism; it should always be there.

Book, at least, part profits when the prices reach their targets; if you continue to hold on to positions then use trailing stops to lock in your profits.

 

Equitas Holdings Limited IPO

Posted on by Hiren Kamani

Equitas Holdings Limited IPO

Equitas Incorporated in June 2007, Equitas Holdings Ltd is Chennai based financial services provider focused on individuals and micro and small enterprises (MSEs). Equitas offers services to low income groups and economically weaker individuals operating small businesses and MSEs with limited access to formal financing channels.

Equitas is one of the 10 companies that have been selected by the RBI to set up small finance banks, niche lenders aimed at helping small businesses and farmers get easier access to funding.

Equitas operates in 11 states, one union territory and the NCT of Delhi. As of June 30, 2015, Equitas had 520 branches across India.

Equitas offer a range of financial products and services including:

1. Microfinance

Equitas offers micro loans of Rs 5,000 to Rs 35,000 to its customers. Company is fifth largest microfinance company in India in terms of gross loan portfolio.


2. Vehicle Finance

Equitas offers used commercial vehicle finance to customers. Company is among a few NBFCs in India operating in the used commercial vehicle finance business.

3. Micro and Small Enterprise (MSE) Finance

Equitas provides asset backed financing primarily focused on self-employed individuals operating micro enterprises and small enterprises.

4. Housing Finance

Equitas provides micro-housing and affordable-housing loans to selfemployed individuals who have limited access to loans from banks and larger housing finance companies. A majority of its
micro-housing finance loan accounts represented cross sales to eligible higher income microfinance customers with a satisfactory track record.

Equitas Competitive Strengths:

1. Robust corporate governance standards and transparent operations leading to institutional confidence and customer goodwill

2. Comprehensive understanding and successful track record with underserved customer segment offering significant growth opportunities

3. Standardized operating procedures and efficient use of technology resulting in effective risk management and improved efficiencies

4. Diversified product offering and markets with significant cross-selling opportunities.

5. Experienced management and strong employee engagement

6. Commitment to social initiatives

Issue Detail:

  »»  Issue Open: Apr 5, 2016 – Apr 7, 2016
  »»  Issue Type: 100% Book Built Issue IPO
  »»  Issue Size: Equity Shares of Rs. 10
  »»  Issue Size: Rs. 2,175.00 Crore
  »»  Face Value: Rs. 10 Per Equity Share
  »»  Issue Price: Rs. 109 – Rs. 110 Per Equity Share
  »»  Market Lot: 135 Shares
  »»  Minimum Order Quantity: 135 Shares
  »»  Listing At: BSE, NSE

FreeStockAnalysis Motherson Sumi Systems Limited,Axis Bank Limited,Bharat Forge Limited,Tata Motors Limited

Posted on by Hiren Kamani

Intraday Trading Strategy – 1


Motherson Sumi Systems Limited

Buy Motherson Sumi Systems Limited at / above 248.06 Target 251.88 – 255.87 – 259.88 – 263.93

Stop loss — 244.14

Sell Motherson Sumi Systems Limited at / below 244.14 Target 240.37 – 236.5 – 232.67 – 228.88

Stop loss — 248.06

 

Intraday Trading Strategy – 2


Axis Bank Limited

Buy Axis Bank Limited at / above 430.56 Target 435.54 – 440.77 – 446.04 – 451.33

Stop loss — 425.39

Sell Axis Bank Limited at / below 425.39 Target 420.46 – 415.34 – 410.26 – 405.21

Stop loss — 430.56

 

Intraday Trading Strategy – 3


Bharat Forge Limited

Buy Bharat Forge Limited at / above 892.51 Target 899.55 – 907.06 – 914.6 – 922.17

Stop loss — 885.06

Sell Bharat Forge Limited at / below 885.06 Target 878.07 – 870.68 – 863.32 – 855.99

Stop loss — 892.51

 

Intraday Trading Strategy – 4


Tata Motors Limited

Buy Tata Motors Limited at / above 375.39 Target 380.05 – 384.94 – 389.86 – 394.81

Stop loss — 370.56

Sell Tata Motors Limited at / below 370.56 Target 365.94 – 361.18 – 356.44 – 351.73

Stop loss — 375.39

 

All prices relate to the NSE Spot/Cash Market

FreeStockAnalysis Motherson Sumi Systems Limited,Axis Bank Limited,Bharat Forge Limited,Tata Motors Limited based on the previous trading day’s price activity.

Intraday call is valid for the next trading session only unless otherwise mentioned.

Stop-loss levels are given so that there is a level below/above, which the market will tell us that the call has gone wrong. Stop-loss is an essential risk control mechanism; it should always be there.

Book, at least, part profits when the prices reach their targets; if you continue to hold on to positions then use trailing stops to lock in your profits.

 

FreeStockAnalysis ITC Limited,Biocon Limited,Century Textiles and Industries Limited,HDFC Bank Limited

Posted on by Hiren Kamani

Intraday Trading Strategy – 1


ITC Limited

Buy ITC Limited at / above 328.51 Target 332.89 – 337.47 – 342.07 – 346.71

Stop loss — 324

Sell ITC Limited at / below 324 Target 319.67 – 315.22 – 310.79 – 306.4

Stop loss — 328.51

 

Intraday Trading Strategy – 2


Biocon Limited

Buy Biocon Limited at / above 495.06 Target 500.39 – 505.99 – 511.63 – 517.3

Stop loss — 489.51

Sell Biocon Limited at / below 489.51 Target 484.24 – 478.75 – 473.29 – 467.87

Stop loss — 495.06

 

Intraday Trading Strategy – 3


Century Textiles and Industries Limited

Buy Century Textiles and Industries Limited at / above 529 Target 534.49 – 540.29 – 546.11 – 551.97

Stop loss — 523.26

Sell Century Textiles and Industries Limited at / below 523.26 Target 517.82 – 512.14 – 506.5 – 500.89

Stop loss — 529

 

Intraday Trading Strategy – 4


HDFC Bank Limited

Buy HDFC Bank Limited at / above 1048.14 Target 1055.72 – 1063.85 – 1072.02 – 1080.22

Stop loss — 1040.06

Sell HDFC Bank Limited at / below 1040.06 Target 1032.53 – 1024.51 – 1016.52 – 1008.56

Stop loss — 1048.14

 

All prices relate to the NSE Spot/Cash Market

FreeStockAnalysis ITC Limited,Biocon Limited,Century Textiles and Industries Limited,HDFC Bank Limited based on the previous trading day’s price activity.

Intraday call is valid for the next trading session only unless otherwise mentioned.

Stop-loss levels are given so that there is a level below/above, which the market will tell us that the call has gone wrong. Stop-loss is an essential risk control mechanism; it should always be there.

Book, at least, part profits when the prices reach their targets; if you continue to hold on to positions then use trailing stops to lock in your profits.

 

FreeStockAnalysis Godrej Industries Limited,Jubilant Life Sciences Limited,Cipla Limited,Lupin Limited

Posted on by Hiren Kamani

Intraday Trading Strategy – 1


Godrej Industries Limited

Buy Godrej Industries Limited at / above 351.56 Target 356.08 – 360.81 – 365.58 – 370.37

Stop loss — 346.89

Sell Godrej Industries Limited at / below 346.89 Target 342.42 – 337.8 – 333.22 – 328.67

Stop loss — 351.56

 

Intraday Trading Strategy – 2


Jubilant Life Sciences Limited

Buy Jubilant Life Sciences Limited at / above 430.56 Target 435.54 – 440.77 – 446.04 – 451.33

Stop loss — 425.39

Sell Jubilant Life Sciences Limited at / below 425.39 Target 420.46 – 415.34 – 410.26 – 405.21

Stop loss — 430.56

 

Intraday Trading Strategy – 3


Cipla Limited

Buy Cipla Limited at / above 534.76 Target 540.29 – 546.11 – 551.97 – 557.86

Stop loss — 529

Sell Cipla Limited at / below 529 Target 523.52 – 517.82 – 512.14 – 506.5

Stop loss — 534.76

 

Intraday Trading Strategy – 4


Lupin Limited

Buy Lupin Limited at / above 1530.76 Target 1539.79 – 1549.61 – 1559.46 – 1569.35

Stop loss — 1521

Sell Lupin Limited at / below 1521 Target 1512.02 – 1502.31 – 1492.63 – 1482.99

Stop loss — 1530.76

 

All prices relate to the NSE Spot/Cash Market

FreeStockAnalysis Godrej Industries Limited,Jubilant Life Sciences Limited,Cipla Limited,Lupin Limited based on the previous trading day’s price activity.

Intraday call is valid for the next trading session only unless otherwise mentioned.

Stop-loss levels are given so that there is a level below/above, which the market will tell us that the call has gone wrong. Stop-loss is an essential risk control mechanism; it should always be there.

Book, at least, part profits when the prices reach their targets; if you continue to hold on to positions then use trailing stops to lock in your profits.

 

FreeStockAnalysis Kotak Mahindra Bank Limited,Indraprastha Gas Limited,Cipla Limited,Arvind Limited

Posted on by Hiren Kamani

Intraday Trading Strategy – 1


Kotak Mahindra Bank Limited

Buy Kotak Mahindra Bank Limited at / above 669.51 Target 675.66 – 682.17 – 688.71 – 695.29

Stop loss — 663.06

Sell Kotak Mahindra Bank Limited at / below 663.06 Target 656.96 – 650.57 – 644.21 – 637.88

Stop loss — 669.51

 

Intraday Trading Strategy – 2


Indraprastha Gas Limited

Buy Indraprastha Gas Limited at / above 546.39 Target 551.97 – 557.86 – 563.78 – 569.73

Stop loss — 540.56

Sell Indraprastha Gas Limited at / below 540.56 Target 535.03 – 529.26 – 523.52 – 517.82

Stop loss — 546.39

 

Intraday Trading Strategy – 3


Cipla Limited

Buy Cipla Limited at / above 540.56 Target 546.11 – 551.97 – 557.86 – 563.78

Stop loss — 534.76

Sell Cipla Limited at / below 534.76 Target 529.26 – 523.52 – 517.82 – 512.14

Stop loss — 540.56

 

Intraday Trading Strategy – 4


Arvind Limited

Buy Arvind Limited at / above 280.56 Target 284.62 – 288.85 – 293.11 – 297.41

Stop loss — 276.39

Sell Arvind Limited at / below 276.39 Target 272.38 – 268.27 – 264.19 – 260.14

Stop loss — 280.56

 

All prices relate to the NSE Spot/Cash Market

FreeStockAnalysis Kotak Mahindra Bank Limited,Indraprastha Gas Limited,Cipla Limited,Arvind Limited based on the previous trading day’s price activity.

Intraday call is valid for the next trading session only unless otherwise mentioned.

Stop-loss levels are given so that there is a level below/above, which the market will tell us that the call has gone wrong. Stop-loss is an essential risk control mechanism; it should always be there.

Book, at least, part profits when the prices reach their targets; if you continue to hold on to positions then use trailing stops to lock in your profits.

 

FreeStockAnalysis Kotak Mahindra Bank,Reliance Capital,Tata Motors,Oil India

Posted on by Hiren Kamani

Intraday Trading Strategy – 1

Kotak Mahindra Bank

Buy Kotak Mahindra Bank Above 643.9 Target 1 — 649.9 Target 2 — 656.3 Target 3 — 662.7 Target 4 — 669.2

Stop loss — 637.6

Sell Kotak Mahindra Bank Below 637.6 Target 1 — 631.6 Target 2 — 625.3 Target 3 — 619.1 Target 4 — 612.9

Stop loss — 643.9

 

Intraday Trading Strategy – 2

Reliance Capital

Buy Reliance Capital Above 370.6 Target 1 — 375.2 Target 2 — 380.1 Target 3 — 384.9 Target 4 — 389.9

Stop loss — 365.8

Sell Reliance Capital Below 365.8 Target 1 — 361.2 Target 2 — 356.4 Target 3 — 351.7 Target 4 — 347.1

Stop loss — 670.6

 

Intraday Trading Strategy – 3

Tata Motors

Buy Tata Motors Above 356.3 Target 1 — 360.8 Target 2 — 365.6 Target 3 — 370.4 Target 4 — 375.2

Stop loss — 351.6

Sell Tata Motors Below 351.6 Target 1 — 347.1 Target 2 — 342.4 Target 3 — 337.8 Target 4 — 333.2

Stop loss — 356.3

 

Intraday Trading Strategy – 4

Oil India

Buy Oil India Above 315.1 Target 1 — 319.4 Target 2 — 323.8 Target 3 — 328.4 Target 4 — 332.9

Stop loss — 310.6

Sell Oil India Below 310.6 Target 1 — 306.4 Target 2 — 302 Target 3 — 297.7 Target 4 — 293.4

Stop loss — 315.1

 

All prices relate to the NSE Spot/Cash Market

FreeStockAnalysis Kotak Mahindra Bank,Reliance Capital,Tata Motors,Oil India based on the previous trading day’s price activity.

Intraday call is valid for the next trading session only unless otherwise mentioned.

Stop-loss levels are given so that there is a level below/above, which the market will tell us that the call has gone wrong. Stop-loss is an essential risk control mechanism; it should always be there.

Book, at least, part profits when the prices reach their targets; if you continue to hold on to positions then use trailing stops to lock in your profits.