Intra-day trading tips from Geojit BNP Paribas; buy Axis Bank, Tata Steel

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

AXIS BANK (Rs 403.10)

Support at Rs 397 below Rs 394.50. Resistance is at Rs 409.50 above 413.60. (Buy for intraday with a stoploss below Rs 394.50)

[MACD & STOCHASTICS BUY + VOLUME BUILD UP]

TATA STEEL (Rs 251.25)

Support at Rs 248.20 below Rs 245. Resistance is at Rs 256 above Rs 259.90. (Buy for intraday with a stoploss below Rs 245)

[ABV 50 & 100 DMA + MACD & STOCHASTICS BUY]

JET AIRWAYS (INDIA) (Rs 549.35)

Support at Rs 543 below Rs 541. Resistance is at Rs 557.90 above Rs 565.50. (Buy for intraday with a stoploss below Rs 541)

[MACD & STOCHASTICS BUY + RISE IN VOLUME + ABV 100 & 200 DMA]

NCL INDUSTRIES (Rs 89.10)

Support at Rs 87.50 below Rs 86.25. Resistance is at Rs 91.75 above Rs 93.75. (Buy for intraday with a stoploss below Rs 86.25)

[VOLUME JUMP + ABV PREVIOUS CLOSE + MACD & STOCHASTICS BUY]

TORRENT POWER (Rs 219.70)

Support at Rs 214 below Rs 212.50. Resistance is at Rs 223 above Rs 226.50 (Buy for intraday with a stoploss below Rs 212.50)

[STOCHASTICS BUY+ VOLUME JUMP + ABV PREVIOUS CLOSE + ABV MOVING AVERAGES]

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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