Shares Trading Ideas For Today
(1) Bank Of Baroda : SELL for target of 104 with stop loss at 116
(2) DCW Ltd : Buy for target of 21.80 with stop loss at 19.80
(3) Dr. Lal Path Lab : Buy for target of 821 with stop loss at 791
(4) H D I L : SELL for target of 55.10 with stop loss at 58.60
(5) IndusInd Bank : SELL for target of 795 with stop loss at 820
(6) I O C Ltd : Buy for target of 376 with stop loss at 360
(7) Jet Airways Ltd : SELL for target 532 with stop loss at 549
(8) O N G C Ltd : Buy for target of 202 with stop loss at 190
(9) Tata Motors Ltd : Buy for target of 307 with stop loss at 293
(10) Vedanta Ltd : Buy for target of 65.50 with stop loss at 62.60
Trading Strategy
Indian market expected to start with GAP UP opening and consolation for up side trading after opening today so please take your long positions at dips and short positions at rise to make NICE gains in the day trading today. Nifty made NEW low at 6869 in last trading session on Friday which is the lowest level after 9th May'14 so market participants should trade very carefully although the author feel that the Nifty should bounce back after consolidation as the Indian Share market is in OVER SOLD ZONE ( As Per Technical Analysis ). But we advise to trade very carefully at present until the nifty able to cross and sustain above 7630 Level.
Now, Nifty have support at 6875 / 6850 level and resistance at 7210 / 7240 level. Market participants should watch these level closely as Nifty will give a sharper move on either side after breaching the same. Its a market of selling at sharp rise and buying at any sharp dips to remain strong with safe profit on the table, So market participants should sell at any sharp rise and should cover the sold positions at any sharp dips to make nice profit in short term. Please do not initiate your trade if the STOP LOSS get triggered in opening of trading session as we are expecting an Volatile trading session with consolidation today .
Wish You Profitable trading.
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