Trading calls from Nirmal Bang: Buy Intellect Design, Arvind, Marico

Here are three buy calls from Nirmal Bang

INTELLECT DESIGN: BUY

Target: Rs 278

Stop Loss: Rs 247

Buy above Rs 258 with stop loss at Rs 247 & target Rs 278. Weekly chart indicates that the stock is trading the upward rising channel which is the bullish formation indicates upward movement in a northward direction.


ARVIND: BUY

Target: Rs 300

Stop Loss: Rs 278

Buy above Rs 286 with stop loss at Rs 278 and target Rs 300. Daily chart suggests that stock the stock is taking a good support of the rising trendline indicates a positive sign. Also the fact that the stock managed to surpass the 50-DMA i.e. Rs 280 levels with volumes suggesting upmove. RSI is showing positive crossover.

 

MARICO: BUY

Target: Rs 430

Stop Loss: Rs 395

Buy above Rs 405 with stop loss at Rs 395 & target Rs 430. The important oscillators RSI & MACD on the daily have turned positive which indicates limited downside potential. The prices are currently trading above the All long term an average.  


Disclaimer:

Nirmal Bang Securities Private Limited (hereinafter referred to as “NBSPL ")is a registered Member of National Stock Exchange of India Limited, Bombay Stock Exchange Limited and MCX stock Exchange Limited. We have been granted certificate of Registration as a Research Analyst with SEBI . Registration no. is INH000001766 for the period 23.09.2015 to 22.09.2020.NBSPL or its associates including its relatives/analyst do not hold any financial interest/beneficial ownership of more than 1% in the company covered by Analyst (in case any financial interest is held kindly disclose)NBSPL or its associates/analyst has not received any compensation from the company covered by Analyst during the past twelve months. NBSPL /analyst has not served as an officer, director or employee of company covered by Analyst and has not been engaged in market making activity of the company covered by Analyst. The views expressed are based solely on information available publicly and believed to be true. Investors are advised to independently evaluate the market conditions/risks involved before making any investment decision . Please Read Risk Disclosure Doc before Investing (N-BANG).

Vikas S. Salunkhe is a Sr. Technical Research Analyst with Nirmal Bang