 "Intraday trading strategies by Geojit BNP Paribas")
DR.REDDY’S LABORATORIES: Low level buying
Last Close: Rs 3389.60
Support at 3365 below 3350. Resistance is at 3415 above 3438. (Low level buying can be expected)
[VOLUME JUMP + OVERSOLD + ABV PREVIOUS CLOSE]
Last Close: Rs 81.30
Stop Loss: Rs 79.10
Support at 80.50 below 79.10. Resistance is at 83.25 above 85. (Buy for intraday with a stoploss below 79.10)
[STOCHASTICS BUY + VOLUME JUMP + ABV MOVING AVERAGES]
BHARAT PETROLEUM CORPORATION: BUY
Last Close: Rs 906.05
Stop Loss: Rs 893
Support at 900 below 893. Resistance is at 915 above 928. (Buy for intraday with a stoploss below 893)
[STOCHASTICS BUY+ ABV MOVING AVERAGES + VOLUME JUMP]
GAIL (INDIA): SELL
Last Close: Rs 282
Stop Loss: Rs 288.80
Support at 280 below 276. Resistance is at 285 above 288.80. (Sell for intraday with a stoploss above 288.80)
[MACD & STOCHASTICS SELL + BELOW MOVING AVERAGES+ BELOW PREVIOUS CLOSE]
SUBROS: BUY
Last Close: Rs 86.75
Stop Loss: Rs 85.20
Support at 86.10 below 85.20. Resistance is at 88.50 above 89.95. (Buy for intraday with a stoploss below 85.20)
[VOLUME BUILD UP + 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.
Last Close: Rs 3389.60
Support at 3365 below 3350. Resistance is at 3415 above 3438. (Low level buying can be expected)
[VOLUME JUMP + OVERSOLD + ABV PREVIOUS CLOSE]
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SHIPPING CORPORATION OF INDIA: BUY
Last Close: Rs 81.30
Stop Loss: Rs 79.10
Support at 80.50 below 79.10. Resistance is at 83.25 above 85. (Buy for intraday with a stoploss below 79.10)
[STOCHASTICS BUY + VOLUME JUMP + ABV MOVING AVERAGES]
BHARAT PETROLEUM CORPORATION: BUY
Last Close: Rs 906.05
Stop Loss: Rs 893
Support at 900 below 893. Resistance is at 915 above 928. (Buy for intraday with a stoploss below 893)
[STOCHASTICS BUY+ ABV MOVING AVERAGES + VOLUME JUMP]
GAIL (INDIA): SELL
Last Close: Rs 282
Stop Loss: Rs 288.80
Support at 280 below 276. Resistance is at 285 above 288.80. (Sell for intraday with a stoploss above 288.80)
[MACD & STOCHASTICS SELL + BELOW MOVING AVERAGES+ BELOW PREVIOUS CLOSE]
SUBROS: BUY
Last Close: Rs 86.75
Stop Loss: Rs 85.20
Support at 86.10 below 85.20. Resistance is at 88.50 above 89.95. (Buy for intraday with a stoploss below 85.20)
[VOLUME BUILD UP + 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.