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
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.
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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