 "Intraday trading strategies by Geojit BNP Paribas")
TATA STEEL:SELL
LAST CLOSE: Rs 291.80
STOPLOSS: Rs 295.60
Support at 286 below 283.30. Resistance is at 293.80 above 295.60. (Sell for intraday with a stoploss above 295.60)
[MACD &STOCHASTICS SELL + BELOW MOVING AVERAGES + VOLUME JUMP]
ICICI BANK: SELL
LAST CLOSE:Rs 216.85
STOPLOSS: Rs 220.70
Support at 214.20 below 212.50. Resistance is at 219 above 220.70. (Sell for intraday with a stop loss above 220.70)
[BELOW MOVING AVERAGES + STOCHASTICS SELL + BELOW PREVIOUS CLOSE]
MCNALLY BHARAT ENGINEERING COMPANY: BUY
LAST CLOSE: Rs 72.75
STOPLOSS: Rs 69.50
Support at 70.75 below 69.50. Resistance is at 75.50 above 76.25. (Buy for intraday with a stoploss below 69.50)
[MACD &STOCHASTIC BUY+ABOVE PREVIOUS CLOSE]
MOLD-TEK PACKAGING: BUY
LAST CLOSE:Rs 132.70
STOPLOSS: Rs 129.10
Support at 130.75 below 129.10. Resistance is at 135.60 above 139.40 (Buy for intraday with a stoploss below 129.10)
[MACD & STOCHASTICS BUY+ VOLUME JUMP+ ABOVE PREVIOUS CLOSE]
GAIL (INDIA): BUY
LAST CLOSE:Rs 349.60
STOPLOSS: Rs 340.10
Support at 342 below 340.10. Resistance is at 356 above 357.90. (Buy for intraday with a stoploss below 340.10)
[MACD & STOCHASTICS BUY+ ABOVE PREVIOUS CLOSE + RISE IN VOLUME]
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.
