Shares Trading Ideas For Today
(1) Ashok Leyland : Buy for target of 85 with stop loss at 79
(2) Bharat Heavy Elec. Ltd : SELL for target of 108 with stop loss at 123
(3) Chennai Petro Ltd : Buy for target of 151 with stop loss at 140
(4) Coal India Ltd : Buy for target of 312 with stop loss at 300
(5) GMR Infra Ltd : Buy for target of 11.20 with stop loss at 10
(6) J Kumar Infra Ltd : Buy for target of 309 with stop loss at 297
(7) Just Dial Ltd : SELL for target 461 with stop loss at 482
(8) O N G C Ltd : SELL for target of 194 with stop loss at 206
(9) S B I Ltd : SELL for target of 148 with stop loss at 157
(10) Wockhardt Ltd : SELL for target of 822 with stop loss at 888
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 and short positions at rise to make NICE gains in the day trading today. Nifty made NEW low at 6959 yesterday which is the lowest level after 9th May'14 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 ). 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 6875 / 6850 level and resistance at 7210 / 7240 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.
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