Shares Trading Ideas : For Today

                                                       Shares Trading Ideas For Today

(1) B I L T  Ltd                               : Buy for target of  13.20 with stop loss at  12

(2) Bhushan Steel                             : Buy for target of  37.50 with stop loss at 35.90

(3) Cairns India Ltd                          : Buy for target of  156 with stop loss at 144

(4) H O E C Ltd                              : Buy for target of  31.20 with stop loss at 28.90

(5) Jindal Steels                                : Buy for target of  62 with stop loss at 56

(6) Kalyani Steels                             : Buy for target of  160 with stop loss at 147

(7) Nitco Tiles Ltd                            : Buy for target  38.50 with stop loss at  36.80

(8) Reliance Infra                             : Buy  for target of  515 with stop loss at  490

(9) Uttam Galva                               : Buy for target of  29.10 with stop loss at  27.50

(10) Walchandnagar Ind                   : Buy for target of  140 with stop loss at 132


                                                             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 7405 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 / 7400 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.