Shares Trading Ideas : For Today

                                                       Shares Trading Ideas For Today

(1) Andhra Bank  Ltd                      : SELL for target of  50.50 with stop loss at  54.20

(2) A C C Ltd                                 : SELL for target of  1202 with stop loss at 1242

(3) Bank Of India                            : SELL for target of  91.10 with stop loss at 94.60

(4) Canara Bank Ltd                       : SELL for target of  174 with stop loss at 182

(5) GIC Housing Fin.                       : Buy for target of  224 with stop loss at 217

(6) Interglobe Aviation                     : Buy for target of  816 with stop loss at 799

(7) IDBI Bank                                 : SELL for target  64.40 with stop loss at 66.70

(8) Nitco Tiles Ltd                           : Buy  for target of  37.80 with stop loss at 36.70

(9) Pricol Ltd                                   : Buy for target of  45.90 with stop loss at  43.70

(10) SUN Pharma Ltd                     : SELL for target of  846 with stop loss at 871


                                                             Trading Strategy

Indian market expected to start with GAP DOWN to FLAT 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 7447 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 7440 / 7380 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.