Shares Trading Ideas : For Today

                                                       Shares Trading Ideas For Today

(1) Arvind Ltd                              : SELL for target of  280 with stop loss at  294

(2) CEAT Tyres Ltd                      : Buy for target of  932 with stop loss at 900

(3) Jindal Steel ( JSPL )                : SELL for target of  58 with stop loss at 63

(4) Manappuram Fin.                     : Buy for target of  31.20 with stop loss at 28.10

(5) PTC Ind. Fin.                           : Buy for target of  37.60 with stop loss at 34.80

(6) SRF  Ltd                                  : Buy for target of  1145 with stop loss at 1124

(7) Sun Pharma                             : Buy for target 845 with stop loss at 826

(8) TVS Motor Ltd                        : SELL for target of  281 with stop loss at  290

(9) Tata Steel Ltd                            : SELL for target of  224 with stop loss at 239

(10) TCS Ltd                                : SELL  for target of  2328 with stop loss at 2372


                                                             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 had taken support at 7363 in last trading on Friday .Nifty should respect 7290 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 7290 / 7240 level and resistance at 7520 / 7560 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.