Tips for traders and investors in the Indian Stock Markets for September 1 2014.

The tug of war on the settlement day in the previous session ended on a bullish note.

The intra-day traders may go long if the benchmark index trades above 7955 mark with strict stop loss at 7945 and book profits around 7978 levels. However, if the index trades below 7935, then they may play it on the short side and book profit at around 7902 levels.

In case of weakness, the short-term traders may consider adding long positions in Nifty, with stop loss at 7700.

Mid-term investors may consider buying Gateway Distriparks at 240.90, Tata Motors at 506.95 and Tata Steel at 501.25 in small quantities. They may also consider selling 10 % of their total holdings in HCL Tech at 1720.60 and Lupin at 1323.95.

A lot of people have lost a lot of money in Capital markets due to their need to get rich quickly and their innermost desire to gamble, to feel the consequent emotional excitement, over which they have no control. The sole intention of sharing this link is to guide such people by helping them in minimising their losses.

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 them. 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 for August 28 2014.

The Nifty continues in its uphill run with all the bullish parameters well in place. However, nothing can be predicted about what is going to happen next, more so on a triple witching day when the spot and future prices must converge. However, if one trades as per our advise which is based on if-this-then-that strategy, then one is sure to gain in most trading sessions and loose in only a few. It may be noted that one should strictly adhere to placing stop loss and book loss right away, if the purpose of the trader is to gain overall over a period of a week/month. If the stop loss gets hit then stop trading for the day and do not get disheartened. Just remember that your loss got minimised. Go watch movie, read books or still better hit the bar.

However, if you are a gambler by addiction then our advise in this space will be of no use to you in any way. 

That being said, the intra-day traders may go long if the benchmark index trades above 7940 mark with strict stop loss at 7925 and book profits around 7969 levels. However, if the index trades below 7915, then they may play it on the short side and book profit at around 7895 levels.

The short-term traders may consider adding long positions in Nifty in September series, in case of weakness, with stop loss at 7700.

Mid-term investors may consider buying Gateway Distriparks at 240.90, Tata Motors at 506.95 and Tata Steel at 501.25 in small quantities. They may also consider selling 10 % of their total holdings in HCL Tech at 1720.60 and Lupin at 1323.95.

A lot of people have lost a lot of money in Capital markets due to their need to get rich quickly and their innermost desire to gamble, to feel the consequent emotional excitement, over which they have no control. The sole intention of sharing this link is to guide such people by helping them in minimising their losses.

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 them. 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 for August 27 2014.

The Nifty closed flat after sliding down which was quite in expected lines due to the impending settlement tomorrow. Otherwise, the index in particular and the market in general is very much in bullish mode.

The intra-day traders may go long if the benchmark index trades above 7928 mark and book successive profits around 7947 levels. However, if the index trades below 7881, then they may play it on the short side and book profit at around 7855 levels.

We presume that the short-term traders following our advise might have raked in quite a profit by buying back the lot of Nifty 8000 Call of October series that we had advised them to sell in an earlier post.

In case of weakness they may consider adding long positions in Nifty in September series, in case of weakness, with stop loss at 7705.

Mid-term investors may consider buying Gateway Distriparks at 240.90 and Tata Motors at 487.45 and 465.40 in small quantities.

A lot of people have lost a lot of money in Capital markets due to their need to get rich quickly and their innermost desire to gamble, to feel the consequent emotional excitement, over which they have no control. The sole intention of sharing this link is to guide such people by helping them in minimising their losses.

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 them. 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 for August 26 2014.

The settlement blues did seem to set-in in second half of the previous session, the index gave up all its gains. We repeat that this week will be truncated as the markets will remain closed on Friday, August 29 on account of Ganesh Chaturthi. In the wake of these facts, one may be prepared for wild swings in either direction.

The intra-day traders may go long if the benchmark index trades above 7941 mark and book successive profits around 7955 levels. However, if the index trades below 7926, then they may play it on the short side and book profit at around 7895 levels.

The short-term traders may in case of weakness today consider buying back the lot of Nifty 8000 Call of October series that we had advised them to sell in an earlier post. They may also consider going long in Nifty in September series, in case of weakness, with stop loss at 7705.

Mid-term investors may consider buying Gateway Distriparks at 240.90 and Tata Motors at 487.45 and 465.40 in small quantities.

A lot of people have lost a lot of money in Capital markets due to their need to get rich quickly and their innermost desire to gamble, to feel the consequent emotional excitement, over which they have no control. The sole intention of sharing this link is to guide such people by helping them in minimising their losses.

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 them. 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 for August 25 2014.

But for the settlement of F&O series of August which is due on this Thursday, the market is kicking and alive. Moreover, this week will be truncated as the markets will remain closed on Friday, August 29 on account of Ganesh Chaturthi. In the wake of these facts, one may be prepared for wild swings in either direction.

The intra-day traders may go long if the benchmark index trades above 7917 mark and book successive profits around 7940 levels. However, if the index trades below 7914, then they may play it on the short side and book profit at around 7890 levels.

The short-term traders may consider selling one lot of Nifty 8000 Call of October series by offering it at 238.95 to hedge their long positions in September series. They may also consider going long in Bank of Baroda with strict stop loss at 918.

Mid-term investors may consider buying Gateway Distriparks at 240.90 and Tata Motors at 486.95.

A lot of people have lost a lot of money in Capital markets due to their need to get rich quickly and their innermost desire to gamble, to feel the consequent emotional excitement, over which they have no control. The sole intention of sharing this link is to guide such people by helping them in minimising their losses.

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 them. 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 for August 22 2014.

The settlement of F&O series of August is due on next Thursday. Hence we advise the followers of this blog to square off all their positions in the current series and start trading in September series, hedging their positions in October series. They may also be prepared for volatility and sudden deep cuts.

The intra-day traders may go long if the benchmark index trades above 7895 mark and book successive profits around 7920 levels. However, if the index trades below 7872, then they may play it on the short side and book profit at around 7860 levels.

The short-term traders may square off all their positions and open fresh long positions in Nifty in case of weakness in September series with stop loss at 7785. They may also consider selling one lot of Nifty 8000 Call of October series by offering at 238.95 to hedge their long positions in September series.

Mid-term investors may consider buying Gateway Distriparks at 240.90 and Tata Motors at 486.95.

A lot of people have lost a lot of money in Capital markets due to their need to get rich quickly and their innermost desire to gamble, to feel the consequent emotional excitement, over which they have no control. The sole intention of sharing this link is to guide such people by helping them in minimising their losses.

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 them. 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 for August 21 2014.

But for a hiccup in the previous trading session, the technical parameters indicate that there is a little more upside to the benchmark index. Even if it goes down a bit more we see consolidation with a positive bias for as long as it trades above 7686.

The intra-day traders may go long if the benchmark index trades above 7900 mark and book successive profits around 7916 levels. However, if the index trades below 7885, then they may play it on the short side and book profits at around 7861 levels.

The short-term traders may continue to hold long positions and even add to their long positions raising their trailing stop loss to 7787.

Mid-term investors may consider buying Gateway Distriparks at 240.90 and Tata Motors at 486.95.

A lot of people have lost a lot of money in Capital markets due to their need to get rich quickly and their innermost desire to gamble, to feel the consequent emotional excitement, over which they have no control. The sole intention of sharing this link is to guide such people by helping them in minimising their losses.

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 them. 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 for August 20 2014.

The index continues in its journey charging uphill making new all time highs.

The intra-day traders may go long if the benchmark index trades above 7903 mark and book successive profits around 7915 and 7930 levels. However, if the index trades below 7891, then they may play it on the short side and book profit at around 7880 and 7865 levels.

The short-term traders may continue to hold long positions raising their trailing stop loss to 7785.

Mid-term investors may consider buying Gateway Distriparks at 240.90 and Tata Motors at 486.95.

A lot of people have lost a lot of money in Capital markets due to their need to get rich quickly and their innermost desire to gamble, to feel the consequent emotional excitement, over which they have no control. The sole intention of sharing this link is to guide such people by helping them in minimising their losses.

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 them. 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 for August 19 2014.

The index continues in its upward journey aiming for new all time highs.

The intra-day traders may go long if the benchmark index trades above 7845 mark and book profit at around 7904 levels. However, if the index trades below 7845, then they may play it on the short side and book profit at around 7812.

The short-term traders may continue to hold long positions raising their trailing stop loss to 7770.

Mid-term investors may consider buying L&T at 1473.45, Coal India at 340.55, ONGC at 376.95 HDFC Bank at 768.55 and Tata Steel at 523.65 in small quantities.

A lot of people have lost a lot of money in Capital markets due to their need to get rich quickly and their innermost desire to gamble, to feel the consequent emotional excitement, over which they have no control. The sole intention of sharing this link is to guide such people by helping them in minimising their losses.

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 them. 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 for August 18 2014.

The technical indicators suggest that there might be a little more upside in the offing.

The intra-day traders may go long if the benchmark index trades above 7775 mark with stop loss at 7760 and book profit at around 7795 levels. However, if the index trades below 7760, then they may play it on the short side and book profit at around 7738.

The short-term traders may continue to hold long positions with stop loss at 7735.

Mid-term investors may consider buying Coal India at 340.55, ONGC at 376.95 HDFC Bank at 768.55 and Tata Steel at 523.65 in small quantities.

A lot of people have lost a lot of money in Capital markets due to their need to get rich quickly and their innermost desire to gamble, to feel the consequent emotional excitement, over which they have no control. The sole intention of sharing this link is to guide such people by helping them in minimising their losses.

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 them. 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 for August 14 2014.

The Nifty did manage to finally close above the 7726 mark though after a lot of consolidation and volatility. Hence it continues to remain inconclusive though it might go up a little more.

The intra-day traders may go long if the benchmark index trades above 7730 mark with stop loss at 7720 and book profit at around 7765 levels. However, if the index trades below 7693, then they may play it on the short side and book profit at around 7672.

The short-term traders may continue to hold long positions with stop loss at 7693 them for today’s session.

Mid-term investors may consider buying Coal India at 340.55, ONGC at 376.95 HDFC Bank at 768.55 and Tata Steel at 521.40 in small quantities.

A lot of people have lost a lot of money in Capital markets due to their need to get rich quickly and their innermost desire to gamble, to feel the consequent emotional excitement, over which they have no control. The sole intention of sharing this link is to guide such people by helping them in minimising their losses.

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 them. 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 for August 13 2014.

The Nifty is still inconclusive as throughout the whole session yesterday it was not being able to conquer the resistance of 7671 and it was only in the last hour that it did get past the resistance and the next one which was at 7726. If it manages to stay above 7726 in today’s session then one may conclude that the bulls have not given up and the index may aim for higher highs.

The intra-day traders may go long if the benchmark index trades above 7726 mark with stop loss at 7705 and book profit at around 7754 levels. However, if the index trades below 7685, then they may play it on the short side with stop loss at 7705 and book profit at around 7650.

The short-term traders might be at a loss as the stop loss got hit yesterday and it is presumed that they may have opened fresh long positions.  They are advised to hold them for today’s session. They may also continue to ride the Nifty 7500 Put of August series which we had advised them to buy in an earlier post.

Mid-term investors may consider buying ONGC at 376.95 HDFC Bank at 768.55 and Tata Steel at 521.40 in small quantities.

A lot of people have lost a lot of money in Capital markets due to their need to get rich quickly and their innermost desire to gamble, to feel the consequent emotional excitement, over which they have no control. The sole intention of sharing this link is to guide such people by helping them in minimising their losses.

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 them. 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 for August 12 2014.

The Nifty is inconclusive as although it is once again above the critical support of 7582 that was taken out on Friday last, but it did not conquer the resistance of 7671. The technical parameters are however suggesting continued weakness with consolidation.

The intra-day traders may go long if the benchmark index trades above 7620 mark with stop loss at 7610 and book profit at around 7640 levels. Otherwise, i.e. if the index trades below 7610, then they may play it on the short side with stop loss at 7625 and book profit at around 7585.

The short-term traders may add fresh short positions at higher levels i.e. around 7670 in Nifty in case of intra-day strength with stop loss at 7680. They may ride the Nifty 7500 Put of August series which we had advised them to buy in an earlier post. However, if the resistance of 7671 is conquered conclusively with good volumes then they may start adding fresh long positions.

Mid-term investors may consider buying ONGC at 376.95 HDFC Bank at 768.55 and Tata Steel at 521.40 in small quantities.

A lot of people have lost a lot of money in Capital markets due to their need to get rich quickly and their innermost desire to gamble, to feel the consequent emotional excitement, over which they have no control. The sole intention of sharing this link is to guide such people by helping them in minimising their losses.

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 them. 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 for August 11 2014.

Now that the support of 7582 has been taken out, but for a bounce back in today’s session, one may expect an intermediate brief period of weakness in the index with the next support at 7394. For any indication of return of bulls, the Nifty must trade above 7671.

The intra-day traders may go long if the benchmark index trades above 7570 mark with stop loss at 7550 and book profit at around 7593 levels. Otherwise, i.e. if the index trades below 7550, they may play it on the short side with stop loss at 7570 and book profit at around 7520.

The short-term traders may add fresh short positions in Nifty in case of intra-day strength with stop loss at 7680. They may ride the Nifty 7500 Put of August series which we had advised them to buy in an earlier post.

Mid-term investors may consider buying ONGC at 376.95 in small quantities.

A lot of people have lost a lot of money in Capital markets due to their need to get rich quickly and their innermost desire to gamble, to feel the consequent emotional excitement, over which they have no control. The sole intention of sharing this link is to guide such people by helping them in minimising their losses.

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 them. 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 for August 8 2014.

We continue to reiterate that the market is safe and the intermediate term bull structure is intact for as long as the benchmark index trades above 7582. Nifty might look dangerous at times due to sharp cuts.

The intra-day traders may go long if the benchmark index trades above 7678 mark with stop loss at 7660 and book profit at around 7700 to 7716 levels. They may however, trade on the short side if the Nifty trades below the 7640 mark with stop loss at 7670 and book profit at around 7618.

The short-term traders may consider adding fresh long positions in Nifty in case of intra-day weakness with stop loss at 7570. They are advised to hold on to the Nifty 7700 and 7800 Calls of August series. They may also consider selling a lot of Nifty 7700 Put of August series at 193.65 and buy one lot of Nifty 7500 Put of August series at 14.75. They may also consider buying Tata Steel at 556.40 for short term with strict stop loss at 546.

Mid-term investors may consider buying L&T at 1451.70 and ONGC at 376.95 in small quantities.

A lot of people have lost a lot of money in Capital markets due to their need to get rich quickly and their innermost desire to gamble, to feel the consequent emotional excitement, over which they have no control. The sole intention of sharing this link is to guide such people by helping them in minimising their losses.

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 them. 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 for August 7 2014.

A lot of people have lost a lot of money in Capital markets due to their need to get rich quickly and their innermost desire to gamble, to feel the consequent emotional excitement, over which they have no control. The sole intention of sharing this link is to guide such people by helping them in minimising their losses.

The market is safe as long as the benchmark index trades above 7582 although volatility has set in.

The intra-day traders may go long if the benchmark index trades above 7716 mark with stop loss at 7690 and book profit at around 7746. They may however, trade on the short side if the Nifty trades below the 7690 mark in the wee hours of trade with stop loss at 7715 and book profit at around 7654.

The short-term traders may continue to ride their longs and may consider adding fresh long positions in Nifty in case of intra-day weakness with stop loss at 7650. They are advised to hold on to the Nifty 7700 and 7800 Calls of August series. They may also consider selling Nifty 7700 Put of August series at 193.65 and hedge it simultaneously by buying  twice the number of Nifty 7500 Put of August series at 14.75.

Mid-term investors may consider buying L&T at 1451.70 and ONGC at 376.95 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 them. 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 for August 6 2014.

After a lot of hesitation in the first few hours, the sentiment improved in the previous session in the latter half. It can be safely concluded that the market is out of danger for the day, though it will consolidate with positive bias in the session.

The intra-day traders may go long if the benchmark index trades above 7715 mark with stop loss at 7698 and book profit at around 7780. They may however, trade on the short side if the Nifty trades below the 7690 mark in the wee hours of trade with stop loss at 7715 and book profit at around 7654.

The short-term traders may continue to ride their longs and may consider adding fresh long positions in Nifty in case of intra-day weakness with stop loss at 7650. They are advised to hold on to the Nifty 7700 and 7800 Calls of August series which we presume they might have bought as per our recommendation in an earlier post.

Mid-term investors may consider buying L&T at 1451.70 and ONGC at 376.95 in small quantities.

A lot of people have lost a lot of money in Capital markets due to their need to get rich quickly  and their innermost desire to gamble, to feel the consequent emotional excitement, over which they have no control. The sole intention of sharing this link is to guide such people by helping them in minimising their losses. 

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 them. 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 for August 5 2014.

The market is still in a dangerous zone and a breakout may occur today, the direction of which can not be predicted. Therefore, we reiterate that as long as we are above 7482, all’s well for the index in particular and market in general. Otherwise we are in for a bear market.

That being said the intra-day traders may go long if the benchmark index trades above 7669 with stop loss at 7655 and book profit at around 7711. They may however, trade on the short side if the Nifty trades below the 7632 mark in the wee hours of trade with stop loss at 7666 and book profit at around 7594.

The short-term traders may ride the longs, which we presume that they might have added yesterday as per our advice in our previous post, with stop loss at 7632. 

Mid-term investors may consider buying L&T at 1451.70 and ONGC at 376.95 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 them. 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 for August 4 2014.

There indeed was a meltdown as we had indicated in our previous post when Nifty came down whereby the immediate trend seems to have turned to weakness. The only positive in favour of the market is that the rock support of 7582 remained uncompromised. As long as we are above 7582 on closing basis, all is well for the index in particular and market in general. Otherwise we are in for a bear market.

That being said the intra-day traders may go long if the benchmark index trades above 7640 with stop loss at 7630 and book profit at around 7668. They may however, trade on the short side if the Nifty trades below the 7620 mark in the wee hours of trade with stop loss at 7640 and book profit at around 7558.

The short-term traders may go long in case of further weakness with strict stop loss at 7582. They may however consider booking profit by buying back the two lots of Nifty 7700 August call that we had advised them to sell in an earlier post. 

Mid-term investors may consider buying L&T at 1451.70 and ONGC at 376.95 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 them. 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 for August 1 2014.

The bullish structure is intact as long as the Nifty stays above the support of 7582, an intermediate support being at 7689. The benchmark index seems poised for new highs albeit with a bit of volatility and sudden meltdowns.

That being said the intra-day traders may go long if the benchmark index trades above 7765 with stop loss at 7740 and book profit at around 7790. They may however, trade on the short side if the Nifty trades below the 7740 mark in the wee hours of trade with stop loss at 7765 and book profit at around 7689.

The short-term traders may build the instrument as per our advice in our previous post. (Click here to check it )

Mid-term investors may consider buying L&T at 1451.70 and ONGC at 376.95 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 them. 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.