Shares Trading Ideas : For Today

                                                       Shares Trading Ideas For Today

(1) Aban OffShore                               : Buy for target of  190 with stop loss at  181

(2) Force Motors Ltd                          : Buy for target of  2610 with stop loss at 2543

(3) H O E C Ltd                                    : Buy for target of  31.80 with stop loss at 30.10

(4) KEI Industries                                : Buy for target of  121 with stop loss at 113

(5) Man Industries                                : Buy for target of  67.40 with stop loss at 61.80

(6) Oil India Ltd                                    : Buy for target of  347 with stop loss at 338

(7) Spicejet Ltd                                     : Buy for target 72.90 with stop loss at 69.60

(8) Unichem Lab  Ltd                            : Buy for target of  242 with stop loss at 228

(9) UB Holdings  Ltd                            : Buy for target of  24.80 with stop loss at 22.60

(10) Walchandnagar Ind.                        : Buy for target of  141 with stop loss at 135


                                                             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 7327 in last trading on Friday .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 7390 / 7320 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.