Intraday trading strategies by Geojit BNP Paribas

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

EIH: Rs 125.60 

Support at Rs123 below Rs121.90.  Resistance is at Rs128.80 above Rs 132. (Buy for intraday with a stoploss below Rs121.90)
 [VOLUME JUMP + ABV MOVING AVERAGES + MACD & STOCHASTICS BUY]

AUTOLITE (INDIA):  Rs 60.55

Support at Rs 60.20 below Rs 58.55.  Resistance is at Rs 62.90 above Rs 65.75. (Buy for intraday with a stoploss below Rs 58.55)
[MACD & STOCHASTICS BUY + VOLUME JUMP + ABV MOVING AVERAGES]


ICICI BANK:  Rs 270.40

Support at Rs 267.50 below Rs 262.  Resistance is at Rs 273 above Rs 274.50. (Sideways to negative)
[BELOW PREVIOUS CLOSE + VOLUME JUMP + BELOW 50 DMA]

 
WEST COAST PAPER MILLS: Rs 71.05

Support at Rs 69 below Rs 67.90. Resistance is at Rs 73.25 above Rs 76.30 (Buy for intraday with a stoploss below Rs 67.90)
[MACD& STOCHASTICS BUY + VOLUME JUMP+ ABV MOVING AVERAGES]


SHIVA TEXYARN: Rs 88.75

Support at Rs 86.25 below Rs 85.50. Resistance is at Rs90.50 above Rs 93. (Buy for intraday with a stoploss below Rs 85.50)
[MACD BUY + ABV MOVING AVERAGES + ABV PREVIOUS CLOSE]    

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.