Shares Trading Ideas : For Today

                                                       Shares Trading Ideas For Today

(1) Cairns India Ltd                         : Buy for target of  142.20 with stop loss at  134.80

(2) Diwan Housing Fin.                    : Buy for target of  182.40 with stop loss at 175.70

(3) Engineers India                           : Buy for target of  167 with stop loss at 161

(4) Educomp Solutions                     : Buy for target of  13.10 with stop loss at 12.20

(5) H C C  Ltd                                : Buy for target of  21 with stop loss at 19.50

(6) Himadri chemicals                      : Buy for target of  16.50 with stop loss at  15.10

(7) H D I L                                     : Buy for target  75.40 with stop loss at 71.70

(8) H O E C Ltd                             : Buy  for target of  31 with stop loss at  29

(9) M R P L                                    : Buy for target of  60.70 with stop loss at 56.90

(10) Union Bank Ltd                        : Buy for target of  129 with stop loss at 124.80


                                                             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 to make NICE gains in the day trading today. Nifty made  bottom at 7424 in previous trading on yesterday . Market participants should trade very carefully as the market may trade with volatility . The sentiments have been changed for buying after Union Budget and buying is coming strongly particularly by big player like FII also . 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 7490 / 7460 level and resistance at 7570 / 7610 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 Buying at dips and Selling at any rise to remain strong with safe profit on the table, So market participants should Buy at any dip and should Sell the Bought positions at any sharp rise 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.