Don’t miss the latest developments in business and finance.

Three stocks you can buy today

Here are a few intra-day trading strategies from Geojit BNP Paribas for trade today:

Three stocks you can buy today
Geojit BNP Paribas Financial Services Kerela
Last Updated : May 16 2016 | 9:33 AM IST
Action: BUY on dips to Rs 172.5
Targets: Rs 177 / 180
Stop-loss: Rs 169.5
 
Comment : The stock made a base around 163 and has seen a bounce back the previous day. Volumes have moved above the 10 day average. The momentum indicators are showing reversal from oversold region. Also the Aroon down oscillator and up oscillators are at extremes

More From This Section

LTP : Rs 259.15
Action: Buy on dips to Rs 256.8
Targets: Rs 262 / 265
Stop-loss: Rs 250
 
Comment : The momentum indicators are also supporting continuation of uptrend while the volumes have moved above the 10 day average. MACD is about to cross the signal line.

LTP : Rs 123.65
Action : BUY
Targets : Rs 125.5 / 129
Stop-loss : Rs 119.5
 
Comment : Volumes have moved above 10 day average. MACD is about to cross the signal line.

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.



Also Read

First Published: May 16 2016 | 9:05 AM IST

Next Story