Here are a few intra-day trading strategies from Geojit BNP Paribas for trade today:
Can Fin Homes
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Action : BUY
Targets : Rs 1202 / Rs 1220
Stop-loss : Rs 1150
Comment : Sharp recovery from the day's low towards the end of the day hinting at further upmove. Bounce from crucial support zone of Rs 1120.
SQS BFSI
LTP : Rs 986.20
Action : BUY
Targets : Rs 1000 / Rs 1020
Stop-loss : Rs 958
Comment : The stock has moved above crucial resistance level. MACD is supporting the uptrend.
Adani Ports
LTP : Rs 235.45
Action : BUY
Targets : Rs 239 / Rs 244
Stop-loss : Rs 230.50
Comment : Momentum indicators are supporting uptrend. MACD has moved above the signal line.
Mindtree
LTP : Rs 686.2
Action : SELL
Targets : Rs 675 / Rs 664
Stop-loss : Rs 705
Comment : Trading close to support of 686. Momentum oscillators are coming off the overbought zone. MACD is about to cross the signal line from above.
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