Shares Trading Ideas : For Today

                                                       Shares Trading Ideas For Today

(1) Bank Of India                                 : Buy for target of  98 with stop loss at  94

(2) Deepak Fertiliser                           : Buy for target of  160.60 with stop loss at 151.40

(3) Geojit BNP PARIBAS                   : Buy for target of  37.80 with stop loss at 35.80

(4) GMR Infra  Ltd                               : Buy for target of  13.60 with stop loss at 12.10

(5) Himadri Chemicals                        : Buy for target of  14.60 with stop loss at 13.30

(6) I B Real Estate                                : Buy for target of  53.20 with stop loss at 50.80

(7) IRB Infra Ltd                                   : Buy for target 237 with stop loss at 226

(8) O N G C  Ltd                                   : Buy for target of  216 with stop loss at 202

(9) Titagarh Wagaons  Ltd                     : Buy for target of  125 with stop loss at 118

(10) Vedanta Ltd                                   : Buy for target of  65.80 with stop loss at  60.80


                                                             Trading Strategy

Indian market expected to start with GAP UP opening and Volatile with consolation trading after opening today so please take your long positions at dips to make NICE gains in the day trading today. Nifty made NEW low at 7241 ( on 20th Jan'16 ) which is the lowest level after 6th May'14 and Nifty had taken support at 7250 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  ( As Per 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 7240 / 7210 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.