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F&O strategies for Ashok Leyland, Wipro, HUL from Geojit BNP Paribas

F&O strategies for Ashok Leyland, Wipro, HUL from  Geojit BNP Paribas

  Here are a few F&O strategies from Geojit BNP Paribas for today:

ASHOK LEYLAND FUT

LTP : Rs 105.2

Action : SELL on rise to Rs 106

Targets : Rs 104.3 / Rs 102

Stop-loss : Rs 108

Comment : The momentum indicators are reversing from the overbought region. Volumes have moved above the 10 day average. The stock has moved below the support zone of Rs 105 in spot.

WIPRO 560CE

LTP : Rs 9.8

Action : BUY

Targets : Rs 11.2 / Rs 13.4

Stop-loss : Rs 6

Comment : The underlying is in a reversal mode. The OI has seen addition along with price supporting further upmove.

HINDUSTAN UNILEVER 840PE

LTP : Rs 14.25

Action : BUY

Targets : Rs 15.75 / Rs 18

Stop-loss : Rs 9.5

Comment : The underlying is facing some resistance around Rs 865 and might witness some profit booking.

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