Shares Trading Ideas : For Today

                                                       Shares Trading Ideas For Today

(1) Dwarikesh Sugar                    : Buy for target of  140 with stop loss at  130

(2) Glenmark Pharma                   : Buy for target of  752 with stop loss at  729

(3) JSL Stainless                           : Buy for target of  22.50 with stop loss at 21

(4) IOC  Ltd                                 : Buy for target of  402 with stop loss at 391

(5) JSW Steel Ltd                          : Buy for target of  1052 with stop loss at 1029

(6) PTC India Ltd                           : Buy for target of  66.50 with stop loss at 61.80

(7) Sumeet Industries                      : Buy for target 15.80 with stop loss at 14.10

(8) Tata Elxsi Ltd                             : Buy for target of  2138 with stop loss at  2120

(9) TexRail  Ltd                                : Buy for target of  145 with stop loss at 138

(10) Uttam Galva                              : Buy  for target of  30.20 with stop loss at 28.70


                                                             Trading Strategy

Indian market expected to start with GAP DOWN to FLAT 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 7406 in last trading on Friday .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 7400 / 7360 level and resistance at 7560 / 7620 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.