 "Buy Bombay Burmah, Kaveri Seed, Sintex: Geojit BNP Paribas")
Mentioned below are few intra-day trading strategies from Geojit BNP Paribas for today:
BOMBAY BURMAH: BUY
Stop-loss : Rs 389
Comment : The momentum oscillators are supporting reversal. MACD is above the signal line and is about to cross the zero line. Volumes have jumped over the 10 day average.
KAVERI SEED: BUY
Targets : Rs 475 / Rs 486
Stop-loss : Rs 457
Comment : Stochastics indicators is showing reversal signs. MACD is positive. The stock recently broke above the key resistance of 469.
SINTEX: BUY
Targets : Rs 79.5 / Rs 83
Stop-loss : Rs 76.4
Comment : The stock seems to have found a base around the trendline support of 75. Volume has moved above the 10 day average. Momentum indicators like RSI and Stochastics are supporting the current reversal attempt.
Disclaimer: This report has been prepared by Geojit BNP Paribas Financial Services Limited (GBNPP), here in after referred to as GBNPP. GBNPP, a publicly listed company, is engaged in services of retail broking, credit, portfolio management and marketing investment products including mutual funds, life and general insurance and properties. Each recipient of this report should make such investigation as it deems necessary to arrive at an independent evaluation of an investment in the securities of companies referred to in this report (including the merits and risks involved). This document is not for public distribution and has been furnished to you solely for your information and must not be reproduced or redistributed to any other person. Persons into whose possession this document may come are required to observe these restrictions. Opinion expressed herein is our current opinion as of the date appearing on this report only. While we endeavor to update on a reasonable basis the information discussed in this material, there may be regulatory, compliance, or other reasons that prevent us from doing so. Prospective investors and others are cautioned that any forward-looking statements are not predictions and may be subject to change without notice.
BOMBAY BURMAH: BUY
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Targets : Rs 402 / Rs 410-423
Stop-loss : Rs 389
Comment : The momentum oscillators are supporting reversal. MACD is above the signal line and is about to cross the zero line. Volumes have jumped over the 10 day average.
KAVERI SEED: BUY
Targets : Rs 475 / Rs 486
Stop-loss : Rs 457
Comment : Stochastics indicators is showing reversal signs. MACD is positive. The stock recently broke above the key resistance of 469.
SINTEX: BUY
Targets : Rs 79.5 / Rs 83
Stop-loss : Rs 76.4
Comment : The stock seems to have found a base around the trendline support of 75. Volume has moved above the 10 day average. Momentum indicators like RSI and Stochastics are supporting the current reversal attempt.
Disclaimer: This report has been prepared by Geojit BNP Paribas Financial Services Limited (GBNPP), here in after referred to as GBNPP. GBNPP, a publicly listed company, is engaged in services of retail broking, credit, portfolio management and marketing investment products including mutual funds, life and general insurance and properties. Each recipient of this report should make such investigation as it deems necessary to arrive at an independent evaluation of an investment in the securities of companies referred to in this report (including the merits and risks involved). This document is not for public distribution and has been furnished to you solely for your information and must not be reproduced or redistributed to any other person. Persons into whose possession this document may come are required to observe these restrictions. Opinion expressed herein is our current opinion as of the date appearing on this report only. While we endeavor to update on a reasonable basis the information discussed in this material, there may be regulatory, compliance, or other reasons that prevent us from doing so. Prospective investors and others are cautioned that any forward-looking statements are not predictions and may be subject to change without notice.