On the Indian Stock market 30 Sep

If the market trades below 5853 which is thr immediate resistance, then the market will remain weak with supports at 5824 & then at 5798, 5764 & 5668.
On the flip side resistance is at 5875 which if conquered may see it face further resistances at 5888, 5943 & 5978.
Intraday and short term traders may trade according to which side of 5853 mark nifty trades with stop loss for longs at 5824 & for shorts at 5875.
Mid term investors may consider buying Hind Zinc at 125.60 in small quantity.

Disclaimer: The writers of this column do not personally hold any stock or position in the F&O market and do not intend to benefit in any way by publishing this column. The final discretion is that of the reader and we disown any responsibility for any loss incurred by the reader.

On the Indian Stock Market Sep 27

If the index trades above 5897 in today's session then it will remain bullish with resistances at 5929, 5941, 5965 & 6010. Fresh longs will emerge above 6010.
On the other hand if it trades below 5888, then it will remain weak with supports at 5818, 5834 & 5804.
Intraday traders may trade accordingly with stop loss at 5888 for trades on long side and stop loss at 5897 for trades on short side.
Short-term traders may consider buying Nifty 5700 put of November series if nifty trades above 6200 & buying Nifty 6200 calls of November series if Nifty falls below 5700.
Mid-term investors may bid Hind Zinc at 124.85 & HCL Tech at 1024.05.

Disclaimer: The writers of this column do not personally hold any stock or position in the F&O market and do not intend to benefit in any way by publishing this column. The final discretion is that of the reader and we disown any responsibility for any loss incurred by the reader.

On the Indian Stock Market Sep 26.

As indicated in our last post, the Nifty remained weak finding support at 5811.
If the index manages to trade conclusively above the 5865 mark, then it may remain strong in today's session with resistances at 5919, 5964 & 6021. Above 6021, fresh longs may emerge.
The immediate support is at 5839 which if broken may see it slide downwards finding supports at 5819, 5765 & 5720.
Intra-day traders may stay away on account of the settlement of September F&O series.
Short-term traders may go short if the nifty trades above 6100 levels.
Mid-term investors may bid Hindustan Zinc in small quantity at 123.80.
Disclaimer: The writers of this column do not personally hold any stock or position in the F&O market and do not intend to benefit in any way by publishing this column. The final discretion is that of the reader and we disown any responsibility for any loss incurred by the reader.

On the Indian Stock market Sep 25

If the support of 5886 holds today then the index will remain bullish with resistances at 5935, 5979 & 6010.
Otherwise below 5886, it will remain weak with supports at 5851, 5811 & 5767.
Intra-day traders are advised to stay away from market in the wake of impending settlement tomorrow.
Short-term traders may add put options of October series if nifty happens to trade above 6200 levels.
Mid-term traders may continue pruning their portfolio.

Disclaimer: The writers of this column do not personally hold any stock or position in the F&O market and do not intend to benefit in any way by publishing this column. The final discretion is that of the reader and we disown any responsibility for any loss incurred by the reader.

On the Indian Stock market Sep 24

The immediate resistance for today is at 5916 below which the index will remain weak with supports at 5880, 5844, 5798 & 5726.
However, if nifty conquers the 5916 mark then it will see resistance at 5962, 6010, 6034 & 6080.
Intraday traders may stay away on account of upcoming date of settlement of September F&O series on 26 Sept.
Short-term traders may play contrarion in the October series. Go short around 6200 levels and long around 5700 levels in small lots.
Mid term investors may consider pruning their portfolio.
Disclaimer: The writers of this column do not personally hold any stock or position in the F&O market and do not intend to benefit in any way by publishing this column. The final discretion is that of the reader and we disown any responsibility for any loss incurred by the reader.

On the Indian Stock market Sep23

If the Nifty trades above the 6061 mark today with good volumes, then fresh buying is expected to emerge taking nifty to 6118 & 6223.

Otherwise it will continue to be weak.

The immediate resistance is at 6025 & if the index does not conquer this level, then it will slide with immediate support at 5967, which if breached may see it slide further down to 5920 & 5827 levels.

Intra-day traders may trade on the short side with strict stop loss at 5930. If Nifty trades above 5930 then they may trade on the long side.

Short-term traders may have booked profit in October puts. In case of up move they may add fresh puts if it trades around above 6223.

Mid-term investors may continue to prune their portfolio.

Disclaimer: The writers of this column do not personally hold any stock or position in the F&O market and do not intend to benefit in any way by publishing this column. The final discretion is that of the reader and we disown any responsibility for any loss incurred by the reader.

On the Indian Stock Market Sep20

We had seen the breakout coming as all technical indicators were crying bull.
Today the Nifty will remain bullish if it holds above 6079. However the immediate support is at 6099.
Below 6079, it might slide down to 6056, 5997 & 5954.
Above 6099 immediate resistance is at 6131 which if overcome may see it climb to 6158, 6201 & 6260 levels.
Intra-day traders may trade long with stop loss at 6075.
Mid-term traders may add more lots of deep in the money nifty puts of october series if nifty trdes above 6285.
Mid-term investors may continue pruning their portfolio by selling non- performers.
Disclaimer: The writers of this column do not personally hold any stock or position in the F&O market and do not intend to benefit in any way by publishing this column. The final discretion is that of the reader and we disown any responsibility for any loss incurred by the reader.

On the Indian Stock market Sep19

The benchmark index managed to close above our resistance of 5896 indicating that there is a bit more of upside and a breakout cannot be ruled out.
The immediate support for today is at 5885 which if breached may see it slide down with successive supports at 5854, 5808 & 5777.
If it holds above the 5869 mark then the index will remain bullish with resistances at 5906, 5930, 5962 & 6007.
Intra-day traders may ride the bull and add more with stop loss at 5824.
Short-term traders may start buying Nifty put options of October series if the index trades above 6100.
Mid-term investors may continue to exit the non-performers in their portfolio.

Disclaimer: The writers of this column do not personally hold any stock or position in the F&O market and do not intend to benefit in any way by publishing this column. The final discretion is that of the reader and we disown any responsibility for any loss incurred by the reader.

On the Indian Stock market Sep18

The readers of this blog might have confirmed from Nifty's chart yesterday how our support of 5814 held although there was a minor blip down to 5804 in the opening hours of trade.
The support for today is at 5825 & if it holds then the Nifty will move up north with resistances at 5870, 5896 & 5923.
On the other hand, if it slides below 5925 then the supports are at 5814, 5784 & 5764.
There might be another breakout coming today and intra-day traders are advised to go long with strict stop loss at 5814.
Short-term traders, ie those players who do not have to necessarily square off their positions by the end of the day and can carry their positions for a fortnight or more, if necessary, may buy nifty 5600 puts of October series if nifty trades above 6024.
Mid-term investors may prune their portfolios off non-performers.
Disclaimer: The writers of this column do not personally hold any stock or position in the F&O market and do not intend to benefit in any way by publishing this column. The final discretion is that of the reader and we disown any responsibility for any loss incurred by the reader.

On the Indian Stock market.Sep17

The immediate resistance for the Nifty is at 5865 above which only one might expect it to not remain weak; it will be strong only if it trades conclusively above 5896. Further resistances are at 5932 & 6024.
The immediate support is at 5814 which if breached may see bears emerge. Further supports are at 5773, 5706 & 5614.
Intraday traders are advised to go long above 5896 & go short below 5814.
Disclaimer: The writers of this column do not personally hold any stock or position in the F&O market and do not intend to benefit in any way by publishing this column. The final discretion is that of the reader and we disown any responsibility for any loss incurred by the reader.

On the Indian Stock market Sep16

The immediate resistance at 5853 will decide the trend for the day. Below 5853, it will continue to consolidate with a few dips and above 5853 it must show some bullish spikes.

In case of an uptick, the index will meet resistances at 5887, 5914 and 5944 whereas on the other side of 5853, the supports are at 5834, 5820, 5781 and 5759.
Our outlook for today is that there are chances of a breakout from the last week range of 5932- 5815, and breakout up north is more likely albeit after a bit of softening in the initial hours of trade. 

Intra-day traders may trade accordingly depending on which side of the 5853 point the nifty trades after first hour.

Short-term traders may exit all their positions in the current series and start building contrary positions in the Option segment of the October series i.e buy Nifty puts if Nifty trades above the ultimate resistance and buy calls if Nifty trades around 5759.

Mid-term investors may consider pruning their portfolio by retaining the stocks that are yielding profits and exit those that are running at loss. For offer price of such stock, please feel free to write to us, we do not charge fees.

Disclaimer: The writers of this column do not personally hold any stock or position in the F&O market and do not intend to benefit in any way by publishing this column. The final discretion is that of the reader and we disown any responsibility for any loss incurred by the reader.

To that town...

Weekend music..

Lucius Go Home

The Lyrics to the song

I'm your dolly,

Stuffed with extra baggage

Lay me down to shut my eyes

Beaded gazes

Lead you nowhere anyways

Press on my heart, I will say

Press on my heart I will say

I am lonely

With a static smile

I think my stitchings coming loose

I'm hard headed,

But completely soft inside

I'm all wound up and still

The only thing that I can say is

I don't need you anyway

I don't need you, go home

Go home

I don't need you anyway

I don't need you, go home

Go home

I'm your dolly,

Stuffed with extra baggage

Lay me down to shut my eyes

Beaded gazes

Lead you nowhere anyways

Press on my heart, I will say

Press on my heart I will say

I don't need you anyway

I don't need you, go home

Go home

I don't need you anyway

I don't need you, go home

Go home

Go home

Go home

Go home

Go home

Go home

On the Indian Stock market Sep13

If the Nifty conquers the immediate resistance of 5866 today then it is poised to move up further north facing successive resistances at 5887, 5916 and 5982.

Otherwise the Nifty will remain weak with supports at 5829, 5800 and 5749.

However our outlook for the day is that the undertone should remain bullish for the day even if it may remain weak.

Intra-day traders are advised to trade long above 5866 and short below this point with 5866 as stop loss for longs and shorts as the case may be.

Short-term traders may buy Nifty puts at higher levels with stop loss around 6055 levels.

Mid-term investors may consider pruning their portfolio off and may write to us about the stocks they own for our free advise.

Disclaimer: The writers of this column do not personally hold any stock or position in the F&O market and do not intend to benefit in any way by publishing this column. The final discretion is that of the reader and we disown any responsibility for any loss incurred by the reader.

On the Indian Stock market Sep12

If the Nifty trades below the 5889 mark in the early hours of trade, then it might weaken further with supports at 5867 and 5798. Otherwise the Nifty will remain bullish with immediate support at 5902 and resistances at 5947, 5981 and 6039.
Intra-day traders may continue riding the longs as long as it trades above the 5989 mark.
Short term-traders and mid-term investors may just wait and watch and in the mean time check their portfolio and sort out those stocks which have not performed much in the recent bull run from 5118.85. Our advise is to rid one's portfolio off of such non/ under-performers. For any queries as to the offer price of such stocks, please feel free to write to us. We don't charge fees.

On the Indian Stock market Sep11

The market had suddenly turned bullish as we had already indicated in our post but even the best analysts might have been baffled by the more than 200 points jump with a gap up.

The immediate support for today is at 5846 above which point the index will remain bullish and below it, the index will find support at 5821, 5788 and 5766.

However, our outlook is that we are not out of the woods yet, but Nifty may remain strong today with possible resistances at 5955, 6013 and 6121.

Intra-day traders may ride the bull.

Short-term traders may wait and watch.

Mid-term investors too may wait and watch.

On the Indian Stock market Sep9

If the 5721 level is conquered conclusively today, then the Nifty may see a round of short-covering which will propel it towards the 5805 mark.

However, the key point for today is at 5645, above which the Nifty will remain bullish and below which it will be bearish.

The immediate support for Nifty is at 5612 failing which it will slide to 5601, 5522 and 5479.

On the other hand if it manages to stick its head above the 5645 mark with good volumes, then the immediate resistance is at 5721 and then at 5767 and 5805.

As of today the Nifty is in a bullish mode and intra-day traders may play on the long side with stop loss at 5612. 

Short-term traders may wait and watch and exit short positions, if any, by booking loss at around 5730 and go long if it trades above 5805.

Mid-term investors may consider exiting HCL Tech by placing offer at 1076.10 and HDFC bank at 661.80.

On the Indian Stock market Sep6

Intra-day traders may continue to trade on the long side with strict stop loss at 5590.

The immediate support for Nifty is at 5608 below which the supports are at 5580, 5553, 5517 & 5436.

If the nifty trades above the 5590 mark then it must remain bullish with immediate resistance at 5601 and then at 5628, 5663 & 5701.

Short-term traders may add to their short positions at higher levels with strict stop loss at 5725.

Mid-term investors may add HCL Tech at 1005.75 & 981.60 in case of likely weakness in this counter. Hindustan Zinc may be accumulated at 115.55 & 107.30 in small quantities.

On the Indian Stock market Sep5

The immediate support for today is at 5426. However, as long as the Nifty stays above the 5409 mark, it will remain bullish. 

Intra-day traders may trade long with strict stop loss at 5372. Below 5372 however, one may play on the short side, again with strict stop loss at 5412.

In case if the benchmark index stays above 5409, then the immediate resistance is at 5455 and then at 5481, 5499, 5550 and 5640.

On the flip side, the supports are at 5426, 5409, 5372 and if these are breached then 5357, 5367 and 5216.

Short-term traders may short the Nifty at higher levels with stop loss around 5721.

Mid-term investors may bid Hindustan Zinc at 117.4 and 107.35 in small quantities.

On the Indian Stock market Sep4

As we have been advocating, we are in a bear market and those following our advice of playing on the short side might have made quite a killing.
The immediate resistance for today is at 5385 which if conquered will see nifty face further resistances at 5422 & 5483.
On the flip side the support is at 5330 & then at 5295, 5249 & 5158.
Intraday traders may keep shorting at higher levels.
Mid term investors may consider buying Hindustan Zinc at 107.35 & HCL tech at 1007.75.

On the Indian Stock Market Sep3

As long as Nifty trades above the immediate support of 5531, it will remain bullish with resistances at 5584, 5606 & 5670. Fresh longs will emerge only if it trades conclusively above 5721.
However, below 5531, the benchmark index will find support at 5516, 5498 & 5445.
Intraday traders may trade accordingly i.e. go long above 5531 & short below with stop loss at 5531 itself, as the case may be, & book profits at the resistances & supports.
Short- term traders may build short positions at higher levels with stop loss at 5725.
Mid-term investors may bid ITC at 310.05.

On the Indian Stock Market Sep1

The immediate support for today is at 5442 above which Nifty must remain strong with resistances at 5485, 5523, 5592. At most it may go up to 5746 and until this resistance is conquered the benchmark index will remain bearish.
On the flip side if Nifty slides below 5442 with volumes then the supports are at 5411, 5390 & 5308.
Intraday traders may go long above 5442 & short below it with stop loss at 5442 either way and book profits around the specified resistances and supports as the case may be.
The short term traders may go short at higher levels around the specified resistances with stop loss at 5746.
Mid - term investors may accumulate Itc at around 295.05 & 282.65 in small quantities.