 "Geojit BNP launches trading platform 'Selfie'")
Here are a few intra-day trading strategies from Geojit BNP Paribas for trade today:
BHARAT BIJLEE (Rs 800.30)
Support at Rs 795.50 below Rs 792. Resistance is at Rs 811.30 above Rs 816. (Buy for intraday with a stoploss below Rs 792)
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[ABV MOVING AVERAGES + MACD & STOCHASTICS BUY + NEW HIGH]
TATA CONSULTANCE SERVICES (Rs 2,350.75)
Support at Rs 2,335 below Rs 2,315. Resistance is at Rs 2,362 above Rs 2,368.50. (Expect higher level sell off)
[VOLUME JUMP + BELOW MOVING AVERAGES + BELOW PREVIOUS CLOSE]
PETRON ENGINEERING CONSTRUCTION (Rs 200.80)
Support at Rs 198.20 below Rs 195.85. Resistance is at Rs 203.65 above Rs 209.50. (Buy for intraday with a stoploss below Rs 195.85)
[MACD & STOCHASTICS BUY + ABV 50 DMA + ABV PREVIOUS CLOSE]
THE INDIAN HOTELS COMPANY (Rs 109.85)
Support at Rs 107 below Rs 106.10. Resistance is at Rs 113.75 above Rs 116 (Buy for intraday with a stoploss below Rs 106.10)
[MACD& STOCHASTICS BUY + VOLUME JUMP+ ABV MOVING AVERAGES]
LARSEN & TOUBRO (Rs 1,347.85)
Support at Rs 1335 below Rs 1320. Resistance is at Rs 1,355 above Rs 1,363. (Sell for intraday with a stoploss above Rs 1,363)
[STOCHASTICS SELL + BELOW MOVING AVERAGES + 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.
