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Intraday technical calls from Geojit BNP Paribas

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

Trading strategy

Geojit BNP Paribas Financial Services Kerala
INDUSIND BANK (Rs 873.40)
Support at Rs 868 below Rs 865. Resistance is at Rs 883 above Rs 888. (Buy for intraday with a stop loss below Rs 865)
[STOCHASTICS BUY + VOLUME JUMP + MACD BUY]

ITC (Rs 306.40)
Support at Rs 303 below Rs 299. Resistance is at Rs 309.50 above Rs 311 (Sell for intraday with a stop loss above Rs 311)
[MACD SELL + BELOW FROM PREVIOUS CLOSE.]

ADF FOODS (Rs 83.11)
Support at Rs 81 below Rs 80.50. Resistance is at Rs 85.35 above Rs 88. (Buy for intraday with a stoploss below Rs 80.50)
  [STOCHASTICS BUY + MACD BUY + OVERSOLD].

NIIT (Rs 83.80)
Support at Rs 81.20 below Rs 80.50. Resistance is at Rs 85.25 above Rs 88 (Buy for intraday with a stop loss below Rs 80.50)
[STOCHASTICS BUY + ABV PREVIOUS CLOSE + VOLUME JUMP]

SKIPPER (Rs 161)
Support at Rs 159 below Rs 155. Resistance is at Rs 165 above Rs 169 (Buy for intraday with a stoploss below Rs 155)
[STOCHASTICS BUY + ABV MOVING AVERAGES]

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 22 2016 | 9:12 AM IST

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