Tips for traders and investors on Indian Stock Markets for April 30 2014.

Our outlook continues to be bearish for intermediate term. As for the immediate term the direction of trade depends on which side of the 6733 mark the Nifty trades in the initial hour. The support for Nifty continues to be at 6624 which should be the intermediate target if the benchmark index remains below 6733.
The intraday traders may trade accordingly and go short if Nifty trades below 6733 in the initial hour of trade to book successive profits at 6692 & 6666 with stop loss at 6745. Otherwise they may go long with stop loss at 6723 to book successive profits at 6745 & 6765.
Short-term traders may continue trading on short side if Nifty shows of an upmove with stop loss at 6810.
Mid-term investors may bid Bank of Baroda at 778.75 & Ambuja Cements at 197.15.

(Feel free to write to us for our free advice regarding the stocks which you already hold in your portfolio. Kindly send the quantity and price at which you bought the non-performers. Much better, subscribe by email. It is free. And, what is more, we do not disclose your IDs or 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

Tips for traders and investors on the Indian Stock Markets. April 29 2014.

The benchmark index did continue to remain weak in previous sessions quite in expected lines. However, the only take away from the previous session was that the Nifty did manage to stick its head above the key support of 6740 which will remain as the deciding point for the immediate term. If it breaches this support conclusively, then it will be headed towards the 6624 mark. However, if the Nifty trades above the 6824 mark with good volumes then one may see it go further up towards new highs.

The Intra-day traders may short the Nifty if it trades for more than an hour below 6770 and book successive profits at around 6745, 6732 and 6715 with stop loss at 6780. Otherwise, they may go long with stop loss at 6755 to book successive profits at around 6880, 6898 and 6820.

Short-term traders may take long positions in Nifty in case of weakness with stop loss at 6740. However, below the 6740 mark they may play on short side.

Mid-term investors may consider buying Bank of Baroda at 793.15, Ambuja Cement at 196.70, Tata Motors at 400.10 and Lupin at 967.50 all in small quantities.

(Feel free to write to us for our free advice regarding the stocks which you already hold in your portfolio. Kindly send the quantity and price at which you bought the non-performers. Much better, subscribe by email. It is free. And, what is more, we do not disclose your IDs or 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.

Tips for traders and investors on the Indian Stock Markets. April 28 2014.

The readers of this blog might have seen how exact we were in predicting a downside in Nifty on April 25 in our previous post.

The market will continue to be weak in the intra-day trade if the Nifty trades below 6800 in the initial hour of trade. However, if the Nifty breaches the key support of 6740, then it will be headed towards the 6621 mark, in which case fresh shorts will be formed in the system dragging it further down in the coming sessions too. However, if the Nifty trades above the 6832 mark with good volumes then one may see it go further up towards new highs.

That being said, the Intra-day traders may short the Nifty if it trades for more than an hour below 6800 and book successive profits at around 6845, 6732 and 6711 with stop loss at 6812. Otherwise, they may go long with stop loss at 6800 to book successive profits at around 6840, 6870 and 6988.

Short-term traders may take long positions in Nifty in case of weakness with stop loss at 6740. They may also consider going long in Coal India with strict stop loss at 293.

Mid-term investors may consider selling the non-performers in their portfolio in case if the index remains bullish today. They may consider buying Bank of Baroda at 793.15, Ambuja Cement at 206.60 and Lupin at 963.55 all in small quantities.

(Feel free to write to us for our free advice regarding the stocks which you already hold in your portfolio. Kindly send the quantity and price at which you bought the non-performers. Much better, subscribe by email. It is free. And, what is more, we do not disclose your IDs or 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.

Tips for traders and investors in the Indian Stock Markets. April 25 2014.

The undertone continues to be bullish but in the immediate term, one may expect a bit of weakness.

The intra-day trade depends on which side of the 6845 mark the Nifty trades today with good volumes in the initial hour of trade.

Intra-day traders may short the Nifty if it trades for more than an hour below 6845 and book successive profits at around 6834, 6805 and 6782 with stop loss at 6850. Otherwise, they may go long with stop loss at 6834 to book successive profits at around 6860, 6878 and 6897.

Short-term traders may take long positions in Nifty in case of weakness with stop loss at 6740. In case if the Nifty remains bullish, they may consider forming short positions by placing bid for a few lots at 265.05 in Nifty 7000 put of May series.

Mid-term investors may consider selling the non-performers in their portfolio in case if the index remains bullish today. They may also consider selling 10% of their holdings in L&T by placing their offer at 1428.85 for today. They may consider buying Bank of Baroda at 773.30, Coal India at 293.05 all in small quantities.

(Feel free to write to us for our free advice regarding the stocks which you already hold in your portfolio. Kindly send the quantity and price at which you bought the non-performers. Much better, subscribe by email. It is free. And, what is more, we do not disclose your IDs or 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.

Tips for traders and investors on the Indian Stock Markets. April 23 2014.

It may be noticed that the settlement of the April Futures and Options is due for today i.e. on April 23 2014 due to general elections. (instead of the original stipulated date of April 24 2014.) 

That being said the Nifty was inconclusive in the last session.   

The intra-day trade depends on which side of the 6820 mark the Nifty trades today with good volumes in the initial hour of trade.

Intra-day traders may short the Nifty if it trades for more than an hour below 6820 and book successive profits at around 6804, 6785 and 6770 with stop loss at 6828. Otherwise, they may go long with stop loss at 6808 to book successive profits at around 6830, 6848 and 6870.

It is presumed that the Short-term traders following us have already squared off their long positions in the current April series as advised in our previous post. They may consider forming short positions by placing bid for a few lots at 275.05 and 261.95 respectively for Nifty 7000 put of May series.

Mid-term investors may consider selling the non-performers in their portfolio in case if the index remains bullish today. They may also consider selling 10% of their holdings in L&T by placing their offer at 1405.95 for today. They may consider buying Coal India at 295.95 in small quantities.

(Feel free to write to us for our free advice regarding the stocks which you already hold in your portfolio. Kindly send the quantity and price at which you bought the non-performers. Much better, subscribe by email. It is free. And, what is more, we do not disclose or share your e-mail identities and portfolios.)

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.

Tips for traders and investors on the Indian Stock Markets. April 22 2014.

The market has suddenly assumed a bullish upsurge in the previous session. However, we are not yet convinced and see a bit of a correction soon enough and ascribe the bullishness to the impending settlement of the April Futures and Options series due on April 24 2014.  

That being said, the intra-day trade depends on which side of the 6819 mark the Nifty trades today with good volumes in the initial hour of trade.

Intra-day traders may short the Nifty if it trades for more than an hour below 6810 and book successive profits at around 6796, 6775 and 6760 with stop loss at 6822. Otherwise, they may go long with stop loss at 6806 to book successive profits at around 6835 and 6850.

Short-term traders may wind up their long positions in the current series and consider forming short positions by buying 6900 puts of May series if Nifty trades above 6875 mark by placing bid for a few lots at 211.35 and 191.95 respectively.

Mid-term investors may consider selling the non-performers in their portfolio in case if the index remains bullish today. They may also consider selling 10% of their holdings in L&T by placing their offer at 1405.95 for today. They may consider buying HDFC Bank at 699.95 and Tata Motors at 418.80 in small quantities.

(Feel free to write to us for our free advice regarding the stocks which you already hold in your portfolio. Kindly send the quantity and price at which you bought the non-performers. Much better, subscribe by email. It is free. And, what is more, we do not disclose your IDs or 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.

Tips for traders and investors on the Indian Stock Markets. April 21 2014.

It was a smart bounce back in the previous session but we are not out of the woods as yet and return of bulls will only be confirmed if the benchmark index manages to stick it’s head above the 6710 mark with good volumes below which, the next support for Nifty is at 6605.

The intraday trade depends on which side of the 6750 mark the Nifty trades today with good volumes in the initial hour of trade.

Intra-day traders may short the Nifty if it trades for more than an hour below 6748 and book profits at around 6714 with stop loss at 6760. Otherwise, they may go long with stop loss at 6735 to book successive profits at around 6813.

Short-term traders may ride their long positions and even add to them in case of weakness with stop loss at 6710.

Mid-term investors may consider buying Ambuja Cement at 210.65 in small quantities. They may also consider buying Tata Motors at 417.30 and L&T at 1248.35

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.

A very long story cut short

Tips for traders and investors on the Indian Stock Markets. April 17 2014.

The Nifty broke below the support of 6714 and so behaved quite in expected lines. The next support for Nifty is at 6605 and one can expect to be optimistic as long as this support holds in the immediate term and the index may bounce from around this level. However, if this support is breached then we will enter into an intermediate bearish mode. Otherwise the market will consolidate with immediate resistance at around the 6745 mark.

The intraday trade is expected to be weak and by and large depends on which side of the 6700 mark the Nifty trades today with good volumes in the initial hour of trade.

Intra-day traders may short the Nifty if it trades for more than an hour below 6700 and book successive profits at around 6640 and 6610 with stop loss at 6705. They may go long only if the Nifty trades above the 6700 mark with stop loss at 6685 to book successive profits at around 6725 and 6756.

Short-term traders may cover their shorts at around 6610 level and initiate fresh shorts if Nifty conclusively breaks the support of 6605. They may consider going long only if Nifty trades above 6760.

Mid-term investors may consider buying Ambuja Cement at 195.80 in small quantities. They may also consider buying Tata Motors at 400.30.

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.

Tips for traders and investors on the Indian Stock Markets. April 16 2014.

The Nifty did manage to hold the 6714 support in the last trading session albeit on closing basis, which is the only positive takeaway. The 6714 mark continues to be the deciding point for the immediate trend, a breach of which may lead to creation of fresh shorts in the market. Otherwise the market will consolidate in today’s session. It will turn bullish only if the resistance of 6778 is conquered conclusively with good volumes.

Intra-day traders may short the Nifty if it breaks the support of 6714 and trades for more than an hour below 6710 and book successive profits at around 6690 and 6648. They may go long only if the Nifty trades above the 6752 mark with stop loss at 6724 to book successive profits at around 6775 and 6793.

Short-term traders may initiate fresh shorts if Nifty trades below 6710 mark in the initial hour of trade with good volumes with stop loss at 6714. Otherwise they may add longs with stop loss at 6710.

Mid-term investors may utilize any up-side to rid their portfolio of non-performers.

In case of weakness, they may consider buying Ambuja Cement at 208.05 in small quantities. They may also consider buying L&T in small lots at 1259.55.

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.

Tips for traders and investors on the Indian Stock Markets. April 15 2014.

The immediate trend will be bullish if the Nifty trades above the 6781 mark in the initial hour of trade and will turn weak if it trades below 6760 mark.

Intra-day traders may go long if the Nifty trades above the 6781 mark to book successive profits at around 6800, 6822 and 6845. However, they may play on the short side if the index trades below 6760 with targets of 6750, 6725 and 6709.

Short-term traders may continue to go long even if Nifty weakens in the session with stop loss at 6714.

Mid-term investors may utilize any up-side to rid their portfolio of non-performers.

In case of weakness, they may consider buying Ambuja Cement at 205.35 in small quantities. They may also consider buying L&T in small lots at 1282.35.

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.

Rajan versus Ben at Brooking's

On 10th April speaking at a Brooking's Institution panel discussion in Washington, chief of RBI, India's central bank , Raghuram Rajan called for better coordination and asked, 'If the policy hurts the rest of the world more than it helps the United States, should this policy be pursued?'

He further stated that the Fed has kept interest rates low for too long through its "quantitative easing" asset purchases.

Former Fed chief Ben Bernanke, who was also present, lashed out, 'The speech just reflects the fact that you are very skeptical of unconventional monetary policies. You say that the rules of the game should prevent policies with 'large adverse spillovers and questionable domestic benefits.' If you have a different empirical assessment than I do, that in fact, emerging markets would be better off if they hadn't been used, then you would have a different view."You make a very clever equivalence between exchange rate intervention and unconventional monetary policy. There's one big difference, which is that exchange rate intervention sterilized the effects on monetary policy or on money supply. What that means is unconventional policies are demand augmenting, they increase demand in the economy, whereas exchange rate interventions like the tariffs of the 1930s are demand diverting.'

However, they shook hands later as Rajan said, 'Ben, I am going to miss you.' 

Tips for traders and investors on the Indian Stock Markets. April 11 2014.

The immediate trend of the market will remain bullish, but the intraday- trading depends on which side of the 6800 mark the Nifty opens and trades in the initial hour.

Intra-day traders may go long if the Nifty trades above the 6800 mark to book successive profits at around 6820, 6842 and 6855. Otherwise they may play on the short side with targets of 6775, 6750 and 6732.

Short-term traders may continue to go long even if Nifty weakens in the session with stop loss at 6714.

Mid-term investors may utilize any up-side to rid their portfolio of non-performers.

In case of weakness, they may consider buying Ambuja Cement at 204.85 in small quantities. They may also consider buying L&T in small lots at 1282.35.

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.

Tips for traders and investors on the Indian Stock Markets. April 10 2014.

The undercurrent is clearly bullish but the stock participation is not wide enough. Yet there seems to be a bit more of headroom left in the benchmark index.

The immediate trend of the market though bullish, depends much upon whether the Nifty opens and trades above the 6770 mark in the initial hour.

Intra-day traders may go long if the Nifty trades above the 6770 mark to book successive profits at around 6844 and 6875. Otherwise they may play on the short side for twenty odd points.

Short-term traders may go long even if Nifty weakens in the session with stop loss at 6710.

Mid-term investors may utilize any up-side to rid their portfolio of non-performers.

In case of weakness, they may consider buying Ambuja Cement at 203.15 in small quantities.

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.

Tips for traders and investors on the Indian Stock Markets. April 9 2014.

The direction of Nifty today depends on which side of the 6690 mark it trades in the initial hour. However, the technical charts suggest that there might be a little more downside in the benchmark index. Otherwise this is a structural bull market.

Intra-day traders may go long if the Nifty trades above the 6690 mark to book profits at around 6725.  Otherwise, they may go short with stop loss at 6728, in which case they may book profits successively at around 6660 and 6620.

Short-term traders may go short with stop loss at 6735. However, if the market trades above 6735 with good volumes and for longer period then they may consider going long.

Mid-term investors may utilize any up-side to rid their portfolio of non-performers.

In case of weakness, they may consider buying Ambuja Cement at 197.45 in small quantities.

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.