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Geojit BNP Paribas recommends buy on Va Tech Wabag, LIC Housing Finance

Intra-day trading strategy on Va Tech Wabag, LIC Housing Finance from Geojit BNP Paribas

Trading strategy

Geojit BNP Paribas Financial Services Kerala
Mentioned below are few intra-day trading strategies from Geojit BNP Paribas for today:

VA TECH WABAG


LTP : Rs 612.1

Action : BUY on dips

Targets : Rs 621 / Rs 628

Stop-loss : Rs 597.5

Comment :
The momentum indicators are supporting uptrend. Volumes have moved above the 10 day average. The stock has moved above the resistance of Rs 600. MACD is above signal and zero line.


LIC HOUSING FINANCE

LTP : Rs 473.95

Action : BUY

Targets : Rs 481 / Rs 487

Stop-loss : Rs 464

Comment :
The stock has moved above the resistance of Rs 472.7. Momentum indicators are supporting uptrend. MACD is above the signal and zero line.
 
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.

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First Published: Jun 03 2016 | 9:13 AM IST

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