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Intraday trading strategies by Geojit BNP Paribas

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

Intraday trading strategies by Geojit BNP Paribas
Geojit BNP Paribas Financial Services Kerala
Last Updated : Dec 30 2015 | 9:46 AM IST
BHARAT HEAVY ELECTRICALS (Rs 168.55)  
Support at Rs 167.10 below Rs 164.  Resistance is at Rs 169.75 above Rs 171.25. (Sell for intraday with a stoploss above Rs 171.25)
[STOCHASTICS SELL + BELOW PREVIOUS CLOSE + BELOW MOVING AVERAGES + VOLUME JUMP]

CREDIT ANALYSIS AND RESEARCH (Rs 1363)
Support at Rs 1350 below Rs 1338.  Resistance is at Rs 1392 above Rs 1435. (Buy for intraday with a stoploss below Rs 1338)

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[MACD & STOCHASTICS BUY + VOLUME JUMP + ABV 50 DMA]

ASTEC LIFESCIENCES (Rs 242.20)  
Support at Rs 239.70 below Rs 237.10.  Resistance is at Rs 246 above Rs 249.50. (Buy for intraday with a stoploss below Rs 237.10)
[MACD & STOCHASTICS BUY + ABV 50 DMA + VOLUME JUMP]

DE NORA INDIA (Rs 333.30)
Support at 327 below Rs 323.90. Resistance is at Rs 340 above Rs 347.50 (Buy for intraday with a stoploss below Rs 323.90)
[MACD & STOCHASTICS BUY+ VOLUME JUMP+ ABV MOVING AVERAGES]

TOURISM FINANCE CORPORATION OF INDIA (Rs 64.20)
Support at Rs 63 below Rs 61.75. Resistance is at Rs 66.20 above Rs 67.75. (Buy for intraday with a stoploss below Rs 61.75)
[MACD & 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.

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First Published: Dec 30 2015 | 9:10 AM IST

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