Shares Trading Ideas : For Today

                                                       Shares Trading Ideas For Today

(1) Appolo Hospital                            : Buy for target of  1452 with stop loss at  1408

(2) Future Consumer Entp.                 : Buy for target of  22.60 with stop loss at 20.90

(3) ICICI Bank  Ltd                              : Buy for target of  246 with stop loss at 230

(4) Jain Irrigations                               : Buy for target of  64 with stop loss at 60

(5) Jai Corp Ltd                                    : Buy for target of  66.40 with stop loss at 62.80

(6) NELCO  Ltd                                    : Buy for target of  96 with stop loss at 93

(7) SKS Micro Fin.                               : Buy for target 501 with stop loss at 480

(8) Sterlite Technologies                      : Buy for target of  86.20 with stop loss at 81.40

(9) Suzlon Energy  Ltd                          : Buy for target of  19.40 with stop loss at  17.90

(10) Welspun Corp Ltd                         : Buy for target of  95.50 with stop loss at 87.80


                                                             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 7421 in last trading on Monday .Nifty should respect 7390 levels now, 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.