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Top technical strategies from Geojit BNP Paribas

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

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Geojit BNP Paribas Financial Services Kerala
ICICI BANK (Rs 210.40)

Support at Rs 206 below Rs 202.50. Resistance is at Rs 212.30 above Rs 214.55. (Sell for intraday with a stoploss above Rs 214.55)
[STOCHASTICS SELL + BELOW PREVIOUS CLOSE + BELOW MOVING AVERGAES + NEW LOW]

MAHINDRA & MAHINDRA (Rs 1206.65)

Support at Rs 1196 below Rs 1182. Resistance is at Rs 1212 above Rs 1218.75. (Sell for intraday with a stoploss above Rs 1218.75)
[STOCHASTICS SELL + VOLUME JUMP + BELOW MOVING AVERAGES]

HDFC BANK LTD (Rs 1053.80)

Support at 1048 below 1036. Resistance is at 1059.90 above 1065.60. (Sell for intraday with a stoploss above 1065.60)
  [+ ABV PREVIOUS CLOSE + RISE IN VOLUME + BELOW PREVIOUS CLOSE]

TREE HOUSING EDUCATION & ACCESSORIES (Rs 140.10)

Support at Rs 138 below Rs 135.50. Resistance is at Rs 143 above Rs 145.60 (Buy for intraday with a stoploss below 135.50)
[MACD BUY + ABV PREVIOUS CLOSE + VOLUME JUMP]

NIIT TECHNOLOGIES (Rs 549.65)
Support at Rs 545 below Rs 540. Resistance is at Rs 555 above Rs 561 (Buy for intraday with a stoploss below 540)
[MACD BUY + ABV 100 DMA + 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: Feb 03 2016 | 9:23 AM IST

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