Here are a few intra-day trading strategies from Geojit BNP Paribas for trade today:
GATEWAY DISTRIPARKS
Read more from our special coverage on "TECHNICAL CALLS"
LTP: Rs 286.35
Action: BUY on dips
Targets: Rs 290.5 / Rs 295
Stop-loss: Rs 279
Comment: Momentum oscillators are showing signs of reversal. MACD is about to cross the signal line. The stock has moved above the middle bollinger band of Rs 282.7.
MUNJAL AUTO
LTP: Rs 81.85
Action: BUY on dips
Targets: Rs 83.25 / Rs 85.5
Stop-loss: Rs 79.4
Comment: Volume has moved above the 10 day average. Momentum osicallators are supporting continuation of the uptrend. The stock has reversed from the support of middle bollinger band.
CYIENT
LTP: Rs 463.8
Action: BUY on dips
Targets: Rs 471 / Rs 477
Stop-loss: Rs 447
Comment: The momentum indicators are supporting a range breakout and the stock has been moving with a range for over a week. The stock has moved above the middle bollinger band.
ABAN OFFSHORE
LTP: Rs 217.25
Action: SELL on rise
Targets: Rs 213.5 / Rs 208
Stop-loss: Rs 223.5
Comment: MACD has shown divergence. The momentum indicators are showing overbought signal and is up for a reversal. Volumes have started to ease. The stock is coming off the upper bollinger band of Rs 224.
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