 "Geojit BNP launches trading platform 'Selfie'")
Here are a few intra-day trading strategies from Geojit BNP Paribas for trade today:
IFB INDUSTRIES
LTP: Rs 368.45
Action: BUY on dips
Targets: Rs 374 / Rs 377.7
Stop-loss: Rs 360
Comment: Stock has taken support around Rs 350. Volumes have moved above the 10 day average. Momentum oscillators are supporting continuation of uptrend and are coming off the oversold region. MACD is about to cross the signal line.
NATCO PHARMA
LTP: Rs 466.5
Action: Buy on declines
Targets: Rs 473.5 / Rs 480
Stop-loss: Rs 452
Comment: The momentum indicators are supporting further upside. The stock has found some support around the 50% fibonacci retracement level and has bounced back.
AVANTI FEEDS
LTP: Rs 466.9
Action: BUY on dips
Targets: Rs 474 / Rs 482
Stop-loss: Rs 456
Comment: Momentum oscillators are showing continuation of the reversal that has happened from the middle bollinger band level of Rs 440 and is expected to move towards the upper band of Rs 488. Volumes have jump above the 10 day average.
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.
