Shares Trading Ideas : For Today

                                                       Shares Trading Ideas For Today

(1) Adani Enterprise                         : Buy for target of  73.40 with stop loss at  68

(2) Cairn India Ltd                            : SELL for target of  104.50 with stop loss at 112.80

(3) Delta Corp                                  : Buy for target of  72.60 with stop loss at 66.80

(4) Exide  Ltd                                    : Buy for target of  134 with stop loss at 127

(5) I T C Ltd                                      : Buy for target of  322 with stop loss at 310

(6) Just Dial Ltd                               : Buy for target of  829 with stop loss at 781

(7) Lupin Ltd                                    : Buy for target  1724 with stop loss at  1691

(8) P F C Ltd                                    : Buy for target of  166.60 with stop loss at 157.80

(9) Syndicate Bank                          : Buy for target of 74 with stop loss at 68.20

(10) Vedanta  Ltd                             : SELL for target of  64.40 with stop loss at 69.80


                                                             Trading Strategy

Indian market expected to start with POSITIVE To FLATTISH opening and Volatile with consolation 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 7336 which is the lowest level after 6th May'14.Nifty had  breached its previous week's low of 7556 Level and also managed to close well below this level  which is showing bearish tone of Nifty now. It means Nifty is heading towards to enter in BEAR Orbit for SHORT TERM  so market participants should trade very carefully although the author feel that the Nifty should bounce back in next week as the Indian Share market is in OVER SOLD ZONE  ( On the basis of Technical Analysis ). it seems that market and Nifty should respect this level strongly 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 7290 / 7240 level and resistance at 7360 / 7430 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.