Shares trading Ideas : For Today

                                                       Shares Trading Ideas For Today

(1) Ashok Leyland                              : Buy for target of  88.40 with stop loss at  85.10

(2) Dabur India Ltd                             : Buy for target of  256.50 with stop loss at 244

(3) Deepak Fertiliser                         : Buy for target of  151.20 with stop loss at 144.80

(4) MindTree  Ltd                              : SELL for target of  1424 with stop loss at 1462

(5) National Fertiliser                       : Buy for target of  29.10 with stop loss at 25.60

(6) Orient Green Power                    : Buy for target of  14.60 with stop loss at 13.10

(7) Reliance Comm.                          : Buy for target 75.60 with stop loss at 71.20

(8) Reliance Capital                           : Buy for target of  382 with stop loss at 367

(9) Reliance Infra                               : Buy for target of  482 with stop loss at 470

(10) SPIC  Ltd                                    : Buy for target of  23.40 with stop loss at  20.10


                                                             Trading Strategy

Indian market expected to start with GAP DOWN 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 and Nifty had taken support at 7364 yesterday .Nifty should respect these levels  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  ( 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 7360 / 7290 level and resistance at 7470 / 7520 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.