Chart Check: Jet Airways, Arvind, Naukri

Here are a few intra-day trading strategies from Geojit BNP Paribas for trade today:

JET AIRWAYS

LTP: Rs 661.2

Action: SELL

Targets: Rs 651 / 642

Stop-loss: Rs 677

Comment : Momentum osicallators are showing overbought signals. Trading at the upper range of the bollinger band.

ARVIND
LTP: Rs 288.4

Action: SELL

Targets: Rs 284 / 280

Stop-loss: Rs 295
 

Comment : The momentum oscillators like RSI and Stochastics are giving neutral trend but near the overbougth zone. The stock has taken resistance around Rs 294 for the thrid time and is expected to see profit booking.

NAUKRI
LTP : Rs 749.1

Action : BUY on dips to Rs 737

Targets : Rs 752 / 775

Stop-loss : Rs 718

Comment : Momentum oscillators are supporting further upside and are coming off the oversold region. MACD has shown divergence. Volumes have moved above the 10d average.

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