Intra-day tips from Geojit BNP Paribas

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

Intra-day tips from Geojit BNP Paribas
Geojit BNP Paribas Kerela
Last Updated : Jan 14 2016 | 9:26 AM IST
INDUSIND BANK:SELL
Last Close: Rs 936.40
Stop Loss: Rs 941.75

 
Support at Rs 927 below Rs 921. Resistance is at Rs 940 above Rs 941.75.
[MACD SELL + VOLUME JUMP]

TORRENT POWER: BUY
Last Close: Rs  237.55
Stop Loss: Rs 231

 
Support at Rs 234 below Rs 231. Resistance is at Rs 239.75 above Rs 243.
[MACD BUY + VOLUME JUMP + ABV MOVING AVERAGES + NEW HIGH]
 

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BHARAT PETROLEUM CORPORATION: BUY
Last Close: Rs 895.90
Stop Loss: Rs 877

 
Support at Rs 891 below Rs 877. Resistance is at Rs 902 above Rs 913. 
[ABV PREVIOUS CLOSE + ABV 200 DMA + VOLUME JUMP]
 
STATE BANK OF INDIA: SELL
Last Close: Rs 200.90
Stop Loss: Rs 203.75

 
Support at Rs 197.90 below Rs 195.50. Resistance is at Rs 202 above Rs 203.75 
[MACD SELL + BELOW MOVING AVERAGES + VOLUME JUMP + NEW LOW]
 
HINDALCO INDUSTRIES: SELL
Last Close: Rs 76.70
Stop Loss: Rs 79.55

 
Support at Rs 74.50 below Rs 71.75. Resistance is at Rs 78.20 above Rs 79.55
[MACD 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.

 
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First Published: Jan 14 2016 | 9:10 AM IST

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