Trading calls from Geojit BNP Paribas

Here are derivative strategies for some index stocks from Geojit BNP Paribas in trade today

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Geojit BNP Paribas Financial Services Mumbai
Last Updated : Nov 05 2015 | 9:14 AM IST
REDINGTON (INDIA) : BUY
Last Close: Rs 119.70


Support at Rs 117 below Rs 115.50.  Resistance is at Rs 123.50 above Rs 126.35. (Buy for intraday with a stoploss below Rs 115.50)
[OVERSOLD + STOCHASTICS BUY + ABV 200 DMA]

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SICAL LOGISTICS: BUY
Last Close: Rs148.35


Support at Rs146 below Rs 143.  Resistance is at Rs150.50 above Rs 154. (Buy for intraday with a stoploss below Rs 143)
[STOCHASTICS BUY + VOLUME BUILDUP + OVERSOLD]

DOLPHIN OFFSHORE ENTERPRISES (INDIA): BUY
Last Close: Rs117.75

 
Support at Rs 116.30 below Rs 115.  Resistance is at Rs 120.15 above Rs 124.55. (Buy for intraday with a stoploss below Rs 115)
[VOLUME JUMP + STOCHASTICS BUY + ABV 100 DMA + OVERSOLD]

WEST COAST PAPER MILLS: BUY
Last Close: Rs 67.05


Support at Rs 65.25 below Rs 63.90. Resistance is at Rs 69.55 above Rs 73.20. (Buy for intraday with a stoploss below Rs 63.90)
[STOCHASTICS BUY + VOLUME JUMP + ABV MOVING AVERAGES]

HEG: BUY
Last Close: Rs 167.55


Support at Rs165 below Rs 163.10. Resistance is at Rs 170.50 above Rs 174.50. (Buy for intraday with a stoploss below Rs 163.10)
[VOLUME JUMP + STOCHASTICS BUY + OVERSOLD] 

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: Nov 05 2015 | 9:01 AM IST

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