Derivative calls for L&T, Coal India from Geojit BNP Paribas

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

BUY L&T FUTURES at Rs 1,122

TARGET: Rs 1,149

STOPLOSS: Rs 1,108

[MACD & STOCHASTICS BUY + ABV PREVIOUS CLOSE + VOLUME JUMP]

BUY COAL INDIA FUTURES at Rs 312

TARGET: Rs 323

STOPLOSS: Rs 307

[MACD & STOCHASTICS BUY + VOLUME JUMP]

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.

Business Standard is now on Telegram.
For insightful reports and views on business, markets, politics and other issues, subscribe to our official Telegram channel