Shares Trading Ideas : For Today

                                                       Shares Trading Ideas For Today

(1) Allahabad Bank                         : SELL for target of  48.50 with stop loss at  51.80

(2) Ahoka Buildcon                         : Buy for target of  193 with stop loss at 182

(3) Bharti Airtel                               : SELL for target of  323 with stop loss at 335

(4) Himadri Chemicals                     : Buy for target of  16.10 with stop loss at 15

(5) H C C  Ltd                                : Buy for target of  20.40 with stop loss at 19.10

(6) Jindal Steels                               : SELL for target of  62.20 with stop loss at 67.80

(7) Just Dial                                     : SELL for target  642 with stop loss at  656

(8) Nitin Spinners                             : Buy  for target of  58.10 with stop loss at 55.80

(9) Rama Steel Tubes                       : Buy for target of  966 with stop loss at 852

(10) S B I Ltd                                  : SELL  for target of  177 with stop loss at 186


                                                             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 7442 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 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.