Intra-day technical strategies from Geojit BNP Paribas

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

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Geojit BNP Paribas Financial Services Kerela
Last Updated : Feb 11 2016 | 9:31 AM IST
ASTEC LIFESCIENCES: BUY
Last Close: Rs  199.75
Stop Loss: Rs 195

 
Support at Rs 197.75 below Rs 196. Resistance is at Rs 202.50 above Rs 204.55.
[MACD & STOCHASTICS BUY + VOLUME RISE + ABV PREVIOUS CLOSE]
 
IIFL HOLDINGS: BUY
Last Close: Rs 192.40
Stop Loss: Rs 187

 
Support at Rs 190.30 below Rs 187. Resistance is at Rs 195 above Rs 199.
[ABV PREVIOUS CLOSE + OVERSOLD + STOCHASTICS BUY + ABV 200 DMA]
 

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TATA GLOBAL BEVERAGES: SELL
Last Close: Rs 118.35
Stop Loss: Rs 121.75

 
Support at Rs 115 below Rs 112.75. Resistance is at Rs 120 above Rs 121.75.
[STOCHASTICS SELL+ BELOW MOVING AVERAGES + RISE IN VOLUME]
 
CIPLA: SELL
Last Close: Rs 538.60
Stop Loss: Rs 547.85

 
Support at Rs 532 below Rs 527. Resistance is at Rs 544 above Rs 547.85.
[VOLUME JUMP + BELOW MOVING AVERAGES + STOCHASTICS SELL + NEW LOW]
 
AMBUJA CEMENTS: SELL
Last Close: Rs 195.60
Stop Loss: Rs 199.20

 
Support at Rs 192 below Rs 187.50. Resistance is at Rs 198 above Rs 199.90
[BELOW PREVIOUS CLOSE + VOLUME JUMP + BELOW MOVING AVERAGES]

Disclaimer: 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.
 
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First Published: Feb 11 2016 | 9:10 AM IST

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