Shares Trading Ideas : For Today

                                                       Shares Trading Ideas For Today

(1) Ashok Leyland                         : Buy for target of  96.80 with stop loss at  92.20

(2) Canara Bank                            : Buy for target of  184.60 with stop loss at 176.20

(3) H C C  Ltd                              : Buy for target of  20.10 with stop loss at 18.70

(4) H M T Ltd                               : Buy for target of  44.50 with stop loss at 40.40

(5) I T I  Ltd                                  : Buy for target of  25.90 with stop loss at 23.80

(6) N C C Ltd                               : Buy for target of  73.80 with stop loss at  70.70

(7) Punj Lloyd                               : Buy for target  24.80 with stop loss at  23.20

(8) Reliance Infra                           : Buy  for target of  468 with stop loss at 453

(9) Syndicate Bank                        : Buy for target of  59.80 with stop loss at 56.70

(10) Vijaya Bank                           : Buy  for target of  34.60 with stop loss at 32.20


                                                             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 7406 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 7405 / 7360 level and resistance at 7540 / 7580 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.