 "Geojit BNP launches trading platform 'Selfie'")
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.
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.
