Top intraday technical picks from Geojit BNP Paribas

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

TATA STEEL: (Rs 232)  

Support at Rs 230 below Rs 226.  Resistance is at Rs 236 above Rs 240. (Buy for intraday with a stoploss below Rs 226) 

[STOCHASTICS BUY + VOLUME JUMP + OVERSOLD] 

DHAMPUR SUGAR MILLS: (Rs 62)

Support at Rs 60.80 below Rs 58.  Resistance is at Rs 64.20 above Rs 67. (Buy for intraday with a stoploss below Rs 58) 

[OVERSOLD + VOLUME BUILD UP + ABV 100 & 200 DMA] 

PIPAVAV DEFENCE AND OFFSHORE ENGINEERING COMPANY: (Rs 78.45)  

Support at Rs 77.20 below Rs 75.90.  Resistance is at Rs 80.50 above Rs 84. (Buy for intraday with a stoploss below Rs 75.90) 

[STOCHASTICS BUY + ABV 50 DMA + RISE IN VOLUME 

NIIT: (Rs 78.85) 

Support at Rs 76.25 below Rs 75.50. Resistance is at Rs 80.75 above Rs 83 (Buy for intraday with a stoploss below Rs 75.50) 

[STOCHASTICS BUY + ABV PREVIOUS CLOSE + VOLUME JUMP] 

ROYAL ORCHID HOTELS:  (Rs 84.50) 

Support at Rs 83 below Rs 82.10. Resistance is at Rs 86 above Rs 88.25 (Buy for intraday with a stoploss below Rs 82.10)  

[STOCHASTICS BUY + ABV MOVING AVERAGES + VOLUME JUMP]     

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.