 "Buy Bajaj Finance, Snowman Logistics, Motherson Sumi; sell Glenmark Pharma: Geojit BNP Paribas")
Here are a few intra-day trading strategies from Geojit BNP Paribas for trade today:
BAJAJ FINANCE
LTP : Rs 7670.15
Action : BUY
Targets : Rs 7785 / Rs 7900
Stop-loss : Rs 7500
Comment : The stock has moved above the resistance point of Rs 7520 and has managed to close above it while the volumes have moved above month average. The momentum indicators are supporting continuation of uptrend. MACD has crossed above the signal line.
SNOWMAN LOGISTICS
LTP : Rs 57.95
Action : Buy on dips
Targets : Rs 59 / Rs 61.5
Stop-loss : Rs 56.2
Comment : The stock has been under profit booking mode for sometime now and has found support around the trendline support of Rs 54.5 from where a reversal is seen. The momentum indicators are also supporting continuation of uptrend.
MOTHERSON SUMI
LTP : Rs 267.2
Action : BUY on dips to Rs 265
Targets : Rs 269 / Rs 275
Stop-loss : Rs 259.5
Comment : The stock has bounced from the support zone of Rs 247. The momentum indicators are supporting continuation of uptrend. Volumes have moved above 10 day average. MACD has crossed the signal line.
GLENMARK PHARMA
LTP : Rs 858.65
Action : SELL
Targets : Rs 845 / Rs 832
Stop-loss : Rs 877
Comment : The momentum oscillators are near the overbought region and may see some profit booking. Inverted hammer seen in daily candle chart.
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.
BAJAJ FINANCE
LTP : Rs 7670.15
Also Read
Action : BUY
Targets : Rs 7785 / Rs 7900
Stop-loss : Rs 7500
Comment : The stock has moved above the resistance point of Rs 7520 and has managed to close above it while the volumes have moved above month average. The momentum indicators are supporting continuation of uptrend. MACD has crossed above the signal line.
SNOWMAN LOGISTICS
LTP : Rs 57.95
Action : Buy on dips
Targets : Rs 59 / Rs 61.5
Stop-loss : Rs 56.2
Comment : The stock has been under profit booking mode for sometime now and has found support around the trendline support of Rs 54.5 from where a reversal is seen. The momentum indicators are also supporting continuation of uptrend.
MOTHERSON SUMI
LTP : Rs 267.2
Action : BUY on dips to Rs 265
Targets : Rs 269 / Rs 275
Stop-loss : Rs 259.5
Comment : The stock has bounced from the support zone of Rs 247. The momentum indicators are supporting continuation of uptrend. Volumes have moved above 10 day average. MACD has crossed the signal line.
GLENMARK PHARMA
LTP : Rs 858.65
Action : SELL
Targets : Rs 845 / Rs 832
Stop-loss : Rs 877
Comment : The momentum oscillators are near the overbought region and may see some profit booking. Inverted hammer seen in daily candle chart.
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.