Intraday trading strategies by Geojit BNP Paribas

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

DALMIA BHARAT SUGAR AND INDUSTRIES: BUY
Last Close: Rs 68.10
Stop Loss: Rs 65.25
 

Support at Rs 66 below Rs 65.25. Resistance is at Rs 70.50 above Rs 72.30.

[MACD & STOCHASTICS BUY + ABV 50 DMA + VOLUME JUMP]
 

MONSANTO INDIA: BUY
Last Close: Rs 2,341.05
Stop Loss: Rs 2,292
 

Support at 2,315 below Rs 2,292. Resistance is at Rs 2,385 above Rs 2,439.

[OVERSOLD + VOLUME JUMP + ABV 100 DMA + STOCHASTICS BUY]
 

CAIRN INDIA: SELL
Last Close: Rs 140.60
Stop Loss: Rs 143.75
 

Support at Rs 137.70 below Rs 134.15. Resistance is at Rs 142.10 above Rs 143.75. 

[VOLUME JUMP + BELOW 100 & 50 DMA]
 

OIL & NATURAL GAS CORPORATION: SELL
Last Close: Rs 237.55
Stop Loss: Rs 241.30
 

Support at Rs 235 below Rs 231.05. Resistance is at Rs 239.50 above Rs 241.30

[STOCHASTICS SELL+ VOLUME BUILDUP+ BELOW 100 DMA+ BELOW PREVIOUS CLOSE]
 

PUNJAB NATIONAL BANK:SELL
Last Close: Rs 109.60
Stop Loss: Rs 112.65
 

Support at Rs 107.10 below Rs 105.20. Resistance is at Rs 111.30 above Rs 112.65.

[STOCHASTICS SELL + BELOW MOVING AVERAGES + VOLUME JUMP + NEW LOW]

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.