Derivative Strategies for HDFC, M&M

Here are derivative strategies for some index stocks from Geojit BNP Paribas in trade today

 

HDFC: BUY
TARGET: Rs 1,338
STOPLOSS: Rs 1,299

BUY HDFC FUTURES at Rs 1311
[MACD & STOCHASTICS BUY + ABV MOVING AVERAGES + VOLUME JUMP]
              
M&M: BUY
TARGET: Rs 1,312
STOPLOSS: Rs 1,279

BUY M&M FUTURES at Rs 1,288, ,

[MACD & STOCHASTICS BUY + ABV MOVING AVERAGES+ ABV PREVIOUS CLOSE]

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. This report does not constitute an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. The information contained herein is from publicly available data or other sources believed to be reliable, but we do not represent that it is accurate or complete and it should not be relied on as such. We have also reviewed the research report for any untrue statements of material facts or any false or misleading information. GBNPP shall not be in any way responsible for any loss or damage that may arise to any person from any inadvertent error in the information contained in this report. This report is provided for assistance only and is not intended to be and must not alone be taken as the basis for an investment decision. The user assumes the entire risk of any use made of this information. 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.