Shares Trading Ideas For Today
(1) Aurobindo Pharma : Buy for target of 732 with stop loss at 715
(2) Canara Bank : Buy for target of 196 with stop loss at 188
(3) Fortis Healthcare : Buy for target of 187 with stop loss at 180
(4) GMR Infra Ltd : Buy for target of 12.25 with stop loss at 11
(5) H C C Ltd : Buy for target of 20 with stop loss at 18.80
(6) IDBI Bank Ltd : Buy for target of 72 with stop loss at 65.80
(7) Kesoram Ind. : Buy for target 95 with stop loss at 86.80
(8) Magma Fincorp : Buy for target of 84 with stop loss at 77
(9) O B C Ltd : Buy for target of 96 with stop loss at 89.50
(10) P N B Ltd : Buy for target of 89 with stop loss at 82
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 to make NICE
gains in
the
day trading today. Nifty made bottom at 7517 in previous trading on Friday . Market participants
should trade very carefully as the market may trade with volatility . The sentiments have been changed for buying after Union Budget and buying is coming strongly particularly by big player like FII also . The
Author feel that the Nifty
should continue the up trend after consolidation ( in hope of Interest Rate cut by RBI ) as the Indian Share market is still 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 7550 / 7510 level and resistance at 7630 / 7670
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 Buying at dips and Selling at any rise to remain
strong with safe profit on the table, So market participants should Buy
at any dip and should Sell the Bought positions at any sharp rise
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 with Consolidation for up side trading session today .
Wish You Profitable trading.