Tips for traders and investors in the Indian Stock Markets for October 28 2014.

We repeat that the market may become volatile on account of the impending settlement of October F&O series on October 30 2014. Moreover we are still not out of danger of slipping back into the grip of bears as the Nifty did slide back to below the critical resistance of 7993.

The intra-day traders may go long if the Nifty trades above 8034 with stop loss at 8013 and book profit around 8080. However if it trades below 8008, then they may play it on the short side and book profits at around 7946.

The short-term traders may consider going long in L&T with stop loss at 1545.

The mid-term investors and if it reverts from here on, then one may consider adding Marico at 292.45 & 265.60 & Federal Bank at 128.05 and 110.65 to their portfolio 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.

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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.