Chart Check: Aurobindo Pharma, Gallant Ispat, Lyka Labs, Asian Granito India

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

AUROBINDO PHARMA
LTP: Rs 772.25
Action: SELL on rise
Targets: Rs 760 / Rs 745

Stop-loss: Rs 790

Comment: Momentum indicators are signalling downtrend. MACD is about to cross the signal line from above. Volumes have jumped above the 10d average. Coming off the trendline resistance zone of Rs 865 levels. F&O segment is showing short built up.

GALLANT ISPAT
LTP: Rs 605.45
Action: BUY on dips
Targets: Rs 615 / Rs 635
Stop-loss: Rs 586

Comment: Momentum oscillators are supporting uptrend. Volumes have moved above the week's high.

LYKA LABS
LTP: Rs 86.85
Action: SELL on rise
Targets: Rs 85.2 / Rs 82.5
Stop-loss: Rs 90.5

Comment: Momentum oscillators are signalling profit booking. MACD is about to cross the signal line. The volumes have started to ease. Coming off the congestion zone of Rs 91.

ASIAN GRANITO INDIA
LTP: Rs 165.05
Action: BUY
Targets: Rs 168 / Rs 172
Stop-loss: Rs 161

Comment: RSI and Stochastics are supporting uptrend. MACD has crossed the signal line from above. Volumes have moved above the 10d average.

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