Shares Trading Ideas : For Today

                                                       Shares Trading Ideas For Today

(1) Allahabad Bank                       : SELL for target of  48.30 with stop loss at  52.20

(2) Bharat Forge Ltd                     : Buy for target of  791 with stop loss at 776

(3) Central Bank Of India             : SELL for target of  59 with stop loss at 62.70

(4) Ceat Tyres Ltd                        : Buy for target of  932 with stop loss at  898

(5) Essar Oil Ltd                           : Buy for target of  270 with stop loss at  259

(6) Engineers India Ltd                  : Buy for target of  181 with stop loss at 173

(7) Indian Overseas Bank             : SELL for target 22 with stop loss at 26

(8) S C I  Ltd                               : Buy  for target of  80.50 with stop loss at 77.60

(9) SRS  Ltd                                : Buy for target of  17.50 with stop loss at 14.90

(10) Uco Bank Ltd                       : SELL  for target of 32 with stop loss at 35.40


                                                             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 7241 ( on 20th Jan'16 ) which is the lowest level after 6th May'14 and Nifty made low at 7363 in last trading on Tuesday .Nifty should respect 7240 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 7240 / 7210 level and resistance at 7360 / 7410 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.