 "Trading strategy")
Here are technical strategies for stocks from Geojit BNP Paribas in trade today:
TATA STEEL (Rs 220.25)
Support at Rs 216 below Rs 211 and more. Resistance is at Rs 223 above Rs 227. (Sell for intraday with a stoploss above Rs 227)
[VOLUME JUMP + MACD & STOCHASTICS SELL + BELOW MOVING AVERAGES]
HINDALCO (Rs 80.90)
Support at Rs 77.50 below Rs 75. Resistance is at Rs 82.50 above Rs 85. (Sell for intraday with a stoploss above Rs 85)
[MACD SELL+ VOLUME BUILDUP + BELOW PREVIOUS CLOSE]
PVR (Rs 815.10)
Support at Rs 810 below Rs 803 and more. Resistance is at Rs 820 above Rs 828. (Sell for intraday with a stoploss above Rs 828)
[BELOW PREVIOUS CLOSE + MACD & STOCHASTICS SELL + BELOW 50 DMA]
GUJARAT NARMADA VALLEY FERTILISERS AND CHEMICALS (Rs 76.20)
Support at Rs 75 below Rs 73.90. Resistance is at Rs 78.60 above Rs 80.10. (Buy for intraday with a stoploss below Rs 73.90)
[MACD & STOCHASTICS BUY + VOLUME BUILD UP + ABV MOVING AVERAGES]
GEOMETRIC (Rs 150.35)
Support at Rs 146 below Rs 142. Resistance is at Rs 153.50 above Rs 157. (Buy for intraday with a stoploss below Rs 142)
[VOLUME JUMP + MACD & 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.
