Shares Trading Ideas : For Today

                                                       Shares Trading Ideas For Today

(1) Ajanta Pharma                           : Buy for target of  1442 with stop loss at  1392

(2) BPL Ltd                                    : Buy for target of  29.40 with stop loss at 28.20

(3) Bafana Pharma                          : Buy for target of  36.10 with stop loss at 33.50

(4) Elcon Engineering                      : Buy for target of  53.90 with stop loss at 51.80

(5) H C C  Ltd                               : Buy for target of  20.60 with stop loss at 19.40

(6) Infosys  Ltd                              : SELL for target of  1142 with stop loss at 1184

(7) Jindal Steel                               : Buy for target  64.80 with stop loss at  62.50

(8) MIRC Electronics                     : Buy  for target of  11.60 with stop loss at  10.65

(9) MCX Ltd                                 : Buy for target of  865 with stop loss at 821

(10) Vedanta Ltd                           : Buy  for target of  89.10 with stop loss at 86.50


                                                             Trading Strategy

Indian market expected to start with GAP DOWN to FLATTISH 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 7444 in previous trading on Friday . 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 7420 / 7380 level and resistance at 7520 / 7540 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.