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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 31 2015 | 9:26 AM IST
CAIRN INDIA (Rs 137.15)
Support at Rs 135.20 below Rs 133.  Resistance is at Rs139 above Rs 140.70. (Sell for intraday with a stoploss above Rs 140.70)
[STOCHASTICS SELL + BELOW PREVIOUS CLOSE + BELOW MOVING AVERAGES]  

NELCO (Rs 121.45)
Support at Rs119.70 below Rs118.  Resistance is at Rs123.75 above Rs127. (Buy for intraday with a stoploss below Rs 118)

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[VOLUME JUMP + ABV MOVING AVERAGES + ABV PREVIOUS CLOSE]

S H KELKAR AND COMPANY  (Rs 257.05)  
Support at Rs 253 below Rs 250.20.  Resistance is at Rs 263 above Rs 270. (Buy for intraday with a stoploss below Rs 250.20)
[MACD & STOCHASTICS BUY + VOLUME JUMP + NEW HIGH]

SHIVA TEXYARN (Rs 102.95)
Support at Rs 100.75 below Rs 98.90. Resistance is at Rs104.75 above Rs 108 (Buy for intraday with a stoploss below Rs 98.90)
[MACD & STOCHASTICS BUY+ VOLUME JUMP+ ABV MOVING AVERAGES + NEW HIGH]
 
VINYL CHEMICALS (INDIA)  (Rs 65.25)
Support at Rs 64.75 below Rs 63.10. Resistance is at Rs 68 above Rs 69.90. (Buy for intraday with a stoploss below Rs 63.10)
[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 31 2015 | 9:00 AM IST

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