 "F&O strategies for Ashok Leyland, Wipro, HUL from Geojit BNP Paribas")
Here are a few F&O strategies from Geojit BNP Paribas for today:
ASHOK LEYLAND FUT
LTP : Rs 105.2
Action : SELL on rise to Rs 106
Targets : Rs 104.3 / Rs 102
Stop-loss : Rs 108
Comment : The momentum indicators are reversing from the overbought region. Volumes have moved above the 10 day average. The stock has moved below the support zone of Rs 105 in spot.
WIPRO 560CE
LTP : Rs 9.8
Action : BUY
Targets : Rs 11.2 / Rs 13.4
Stop-loss : Rs 6
Comment : The underlying is in a reversal mode. The OI has seen addition along with price supporting further upmove.
HINDUSTAN UNILEVER 840PE
LTP : Rs 14.25
Action : BUY
Targets : Rs 15.75 / Rs 18
Stop-loss : Rs 9.5
Comment : The underlying is facing some resistance around Rs 865 and might witness some profit booking.
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