Shares Trading Ideas : For Today

                                                       Shares Trading Ideas For Today

(1) B E M L                                  : Buy for target of  982 with stop loss at  921

(2) B H E L                                   : SELL for target of  86.40 with stop loss at 92.10

(3) H C C   Ltd                             : Buy for target of  18.70 with stop loss at  17

(4) H S I L                                    : Buy for target of  248 with stop loss at 238

(5) ICICI Bank Ltd                       : Buy for target of  195 with stop loss at 187

(6) Idea Cellular Ltd                      : SELL for target of  100 with stop loss at  107

(7) MCX  Ltd                                : Buy for target  844 with stop loss at 802

(8) PC Jwellers Ltd                        : SELL  for target of  310 with stop loss at 324

(9) Vijaya Bank Ltd                        : Buy for target of  32.40 with stop loss at 30.60

(10) Wockhardt Ltd                        : SELL  for target of  749 with stop loss at  762


                                                             Trading Strategy

Indian market expected to start with GAP UP opening and  consolation for up side 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  bottom at 6825 yesterday due to volatility of Union Budget Inflow and was able to recover gradually from this lower level . Market participants should trade very carefully as the market may trade with volatility due to selling pressure particularly by big player like FII ,  although the Author feel that the Nifty should continue the up trend after consolidation ( in hope of Interest Rate cut by RBI ) as the Indian Share market is still 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 6940 / 6910 level and resistance at 7070 / 7130 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 with Consolidation for up side trading session today .

Wish You Profitable trading.