Intraday trading strategies by Geojit BNP Paribas

Here are derivative strategies for some index stocks from Geojit BNP Paribas in trade today

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]

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]

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