Trading strategies from Geojit BNP Paribas

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

Trading strategies from Geojit BNP Paribas
Geojit BNP Paribas Financial Services Kerela
Last Updated : Feb 09 2016 | 9:15 AM IST
JUBILANT LIFE SCIENCES: BUY
Last Close: Rs 365.75
Stop Loss: Rs 355.60

 
Support at  Rs 361 below Rs 355.60. Resistance is at Rs 369.75 above Rs 375.
[MACD & STOCHASTICS BUY + VOLUME RISE + ABV 200 DMA]
 
OIL & NATURAL GAS CORPORATION: SELL
Last Close: Rs 214.05
Stop Loss: Rs 219.40

 
Support at Rs 208.60 below Rs 203.30. Resistance is at Rs 216.75 above Rs 219.40.
[BELOW PREVIOUS CLOSE + VOLUME JUMP + BELOW MOVING AVERAGES]
 

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GEOMETRIC: BUY
Last Close: Rs 165.05
Stop Loss: Rs 158.80

 
Support at Rs 163.10 below Rs 158.80. Resistance is at Rs 167.20 above Rs 169.
[MACD & STOCHASTICS BUY+ ABV MOVING AVERAGES + RISE IN VOLUME]
 
TATA MOTORS: SELL
Last Close: Rs 323.50
Stop Loss: Rs 329

 
Support at Rs 318.20 below Rs 313.60. Resistance is at Rs 325.75 above Rs 329. 
[VOLUME JUMP + BELOW MOVING AVERAGES + BELOW PREVIOUS CLOSE]
 
YES BANK: SELL
Last Close: Rs 768.35
Stop Loss: Rs 778.90

 
Support at Rs 761 below Rs 756. Resistance is at Rs 772.50 above Rs 778.90 
[STOCHASTICS SELL + VOLUME JUMP + BELOW 200 DMA]

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 09 2016 | 9:07 AM IST

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