Top intraday picks from Geojit BNP Paribas

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

Geojit BNP launches trading platform 'Selfie'
Geojit BNP Paribas Financial Services Kerala
Last Updated : Apr 05 2016 | 10:04 AM IST
Here are a few intra-day trading strategies from Geojit BNP Paribas for trade today:

Mirza International
LTP: Rs 104.85
Action: BUY
Targets: Rs 107 / Rs 111

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Stop-loss: Rs 100.4


Daily volumes move above multi-month high. Stochastics and RSI are favoring continuation of the uptrend. MACD is about to break above the zero line. The stock had breached the trendline resistance of Rs 105 the other day.

Ramky Infrastructure
LTP: Rs 64.35
Action: BUY on dips
Targets: Rs 66 / Rs 68.5
Stop-loss: Rs 62


Comment: The stock has taken support around 57 and the daily volumes have jumped above 10 Day average. RSI and Stochastics are supporting the reversal. MACD is showing divergence.

TV Today Network
LTP: Rs 321.05
Action: BUY on dips
Targets: Rs 327 / Rs 334
Stop-loss: Rs 312


Comment: Volume above 10D average. MACD has moved above zero line and is giving positive divergence. The stock has moved above the trendline resistance of Rs 320.

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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First Published: Apr 05 2016 | 9:00 AM IST

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