As per views of stock analyst Rajat K Bose, the day traders can buy Financial Technologies, as it is a brilliant option for intraday dealings.

According to Mr. Rajat, day traders can purchase Financial Technologies stock around Rs 1650 to achieve a target of Rs 1715. If the stock market remains positive, the next target for the day will be above Rs 1750. For intraday trading the stop loss is Rs 1610.

On Friday, the stock marked its closure at Rs 1654.40 after making a gain of Rs 167.45 on BSE. The stock has seen a 52-week high of Rs 3048 and a low of Rs 1340 on the Bombay Stock Exchange (BSE). Its current EPS and P/E stood at 210.50 and 7.86 respectively.

The intraday outlook for the stock is really very strong. The stock is too good for quick gains, and traders can surely reap good returns today.

The stock is likely to gain on the back of huge volumes, and provide decent gains in today’s session.

India’s leading commodity marketplace, Multi Commodity Exchange of (India) (MCX), a company promoted by Financial Technologies (India), has made announcement about the filing of Draft Red Herring Prospectus (DRHP) with the market supervisory body, Securities & Exchange Board of India (SEBI) regarding the planned IPO of MCX.

MCX is India`s No. 1 commodity exchange for the trading of costly metals, ferrous and non-ferrous metals, energy agriculture and industrial commodities. Set up in 2003, MCX has showed strong leadership in product innovation, trading and clearing functionality, self-regulation, transaction cost efficiency and customer focus, positioning MCX to compete on a global scale.

Other stocks from the same sector that looks good for short or medium term trading includes TCS, Infosys, Satyam and HCL Tech.