 "Trading strategy")
Mentioned below are few intra-day trading strategies from Geojit BNP Paribas for today:
BOMBAY BURMAH: BUY
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.
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