Top technical picks 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 Kerala
Last Updated : Jan 20 2016 | 9:27 AM IST
SUNPHARMA  (793.90)
Support at 790 below 782. Resistance is at 799 above 804. (Buy for intraday with a stop loss below 782)
[MACD BUY + VOLUME JUMP + STOCHASTIC BUY]

NELCAST (55.75)
Support at 56 below 55.10. Resistance is at 59.90 above 61. (Buy for intraday with a stop loss below 55.10)

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[MACD &STOCHASTIC BUY+ABOVE KEY MA]

M&M (1052.50)
Support at 1045 below 1032. Resistance is at 1060, 1065. (Sell for intraday with a stoploss above 1065)
[MACD & STOCHASTICS SELL + BELOW PREVIOUS CLOSE]

ICICI BANK (228.75)
Support at 225 below 221. Resistance is at 230,232.50. (Sell for intraday with a stop loss above 232.50)
[MACD & STOCHASTICS SELL + BELOW PREVIOUS CLOSE]

TATA STEEL (238)
Support at 235 below 230. Resistance is at 242 above 244.60 (Sell for intraday with a stoploss above 244.60)
[MACD & STOCHASTICS SELL + 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.
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First Published: Jan 20 2016 | 9:07 AM IST

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