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.