Tips for traders and investors in the Indian Stock Markets for October 30 2014.

The settlement day has finally arrived and we advise our followers to be on safer side although the bulls have taken the grip.

The intra-day traders may go long if the Nifty trades above 8080 with stop loss at 8065 and book profit around 8118. However if it trades below 8060, then they may play it on the short side and book profits at around 8035.

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 LIC Housing Finance at 324.25, Federal Bank at  129.45 and Marico at 292.45 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.

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.