 "Sell BHEL, Sintex; buy Jet Airways: Geojit BNP Paribas")
Here are a few intra-day trading strategies from Geojit BNP Paribas for trade today:
BHEL
LTP: Rs 125.65
Action: SELL
Targets: Rs 123.75 / Rs 121
Comment: RSI and Stochastics are coming off the overbought region. MACD is about to cut the signal line from above. Stock is showing signs of reversal from the stiff resistance zone of Rs 137 levels.
JET AIRWAYS
LTP: Rs 626.05
Action: BUY
Targets: Rs 635 / Rs 644
Stop-loss: Rs 611
Comment: Momentum like RSI and Stochastics are supporting the reversal attempt. Volumes have moved abov e the week's high. A reversal attempt is seen from the support zone of Rs 610.
SINTEX
LTP: Rs 82.45
Action: SELL
Targets: Rs 81.2 / Rs 79.7
Stop-loss: Rs 85.5
Comment: Momentum oscillators like RSI and Stochastics are coming off the overbought region. MACD is about to cross the signal line from above.
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.
BHEL
LTP: Rs 125.65
Action: SELL
Targets: Rs 123.75 / Rs 121
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Stop-loss: Rs 129
Comment: RSI and Stochastics are coming off the overbought region. MACD is about to cut the signal line from above. Stock is showing signs of reversal from the stiff resistance zone of Rs 137 levels.
JET AIRWAYS
LTP: Rs 626.05
Action: BUY
Targets: Rs 635 / Rs 644
Stop-loss: Rs 611
Comment: Momentum like RSI and Stochastics are supporting the reversal attempt. Volumes have moved abov e the week's high. A reversal attempt is seen from the support zone of Rs 610.
SINTEX
LTP: Rs 82.45
Action: SELL
Targets: Rs 81.2 / Rs 79.7
Stop-loss: Rs 85.5
Comment: Momentum oscillators like RSI and Stochastics are coming off the overbought region. MACD is about to cross the signal line from above.
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.