Trading calls from Geojit BNP Paribas

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

1) WIPRO: SELL

 LAST CLOSE: Rs 592.95

 STOP LOSS: Rs 604

Support at Rs 588 below Rs 583 and more. Resistance is at Rs 597 above Rs 604.

 [BELOW PREVIOUS CLOSE + STOCHASTICS SELL + ADR DOWN]

2) TATA STEEL: SELL

 LAST CLOSE: Rs 209.25

 STOP LOSS: Rs 216

Support at Rs 206 below Rs 201.50 and more. Resistance is at Rs 212 above Rs 216.

[BELOW MOVING AVERAGES + STOCHASTICS SELL + VOLUME JUMP]

3) CIMMCO: SELL

LAST CLOSE: Rs 64.05

STOP LOSS: Rs 69

Support at Rs 62.30 below Rs 60 and more. Resistance is atRs  67 above Rs  69.

[VOLUME JUMP + STOCHASTICS SELL + BELOW MOVING AVERAGES]

4) DEN NETWORKS: BUY

LAST CLOSE: Rs 124.65

STOP LOSS: Rs 117

Support at Rs 121 below Rs 117. Resistance is at  Rs 127.60 above Rs 130.

[VOLUME JUMP+ MACD & STOCHASTICS BUY + ABV PREVIOUS CLOSE]

5) SICAL LOGISTICS: BUY

LAST CLOSE: Rs 164.75

STOP LOSS: Rs 157

Support at Rs 161.50 below Rs 157. Resistance is at Rs 168 above Rs 171.60.

[VOLUME JUMP + ABV 200 DMA + MACD & STOCHASTICS BUY]

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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