Here are a few intra-day trading strategies from Geojit BNP Paribas for trade today:
NELCO
LTP: Rs 94.6
Action: BUY on dips
Targets: Rs 97 / Rs 100
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Comment: Stock has taken support around the middle bollinger band. Volumes have moved above the 10 day average. Company posts profits this quarter as against same period last year.
INTERGLOBE AVIATION
LTP: Rs 1,067.6
Action: BUY on dips
Targets: Rs 1,084 / Rs 1,100
Stop-loss: Rs 1,044
Comment: Momentum osicallators are supporting continuation of the uptrend. The stock has reversed from the support of middle bollinger band.
INDIABULLS HOUSING FINANCE
LTP: Rs 670.25
Action: SELL on rise to Rs 675
Targets: Rs 660 / Rs 647
Stop-loss: Rs 692
Comment: The momentum indicators are supporting further downside and the MACD is about to cross the signal line from above. Volumes have moved above the week's high.
MAHINDRA HOLIDAYS & RESORTS INDIA
LTP: Rs 409.45
Action: BUY on dips
Targets: Rs 415 / Rs 423
Stop-loss: Rs 397
Comment: MACD is about to cross the signal line from below and is holding itself above the zero line. Momentum oscillators are favoring continuation of the ongoing upside. The stock has crossed the middle bollinger band and is expected to move towards the upper band of Rs 424.
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