Trading & Investing Tips for the Week February 23 2015 to February 27 2015.

The readers of this blog might have noticed that our support of 8795, as indicated in the previous post, held throughout the week and therefore, very much in our predicted lines the Nifty mostly consolidated between 8913 and 8793.

The coming week involves settlement of F&O series of February 2015 on 26 February 2015 and therefore the market may turn erratic and one may expect it to break out. If it trades above 8880 in the upcoming session and remains above this mark for a few hours with good volumes, then it will turn bullish aiming towards 9060 with resistances at 8941, 8985 and 8990. On the other hand if it slips below the 8830 mark then we are in for another bout of a sell off with the index headed towards 8639.

The day traders and short term traders may trade go long of it trades above 8880 with stop loss at 8880 and go short if it falls below 8830 with stop loss at 8830. If resistances are conquered with good volumes they may go long and if the supports are broken with volumes they may go short.

We continue to advise mid-term investors to keep on selling stocks in every rise in small quantities irrespective of whether the stock owned is at a premium to their buying price or not and get their holdings converted gradually into cash.

They may also consider buying Axis Gold ETF at around 2498 and 2349 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.

Trading & Investing Tips for the Week February 16 2015 to February 20 2015.

The key support of 8421 remained unbroken as the Nifty bounced back from 8470.5 and therefore as long as the benchmark index remains above the 8600 mark in the coming sessions, we can safely assume that an intermediate bottom has been made at 8470.5. In such a scenario, the next resistances are at 8862, 8896 and 8930. However, if the Nifty slips below 8795 mark then we will continue to remain in a consolidation phase with the bounds at 8600 and 8795.

The day traders and short term traders may trade accordingly keeping the above points in mind throughout the week. If resistances are conquered with good volumes they may go long and if the supports are broken with volumes they may go short.

The mid-term investors, are advised to keep selling stocks in every rise in small quantities irrespective of whether the stock owned is at a premium to their buying price or not and get their holdings converted gradually into cash.

They may also consider buying Axis Gold ETF at around 2568 and 2498.

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.

Trading & Investing Tips for the Week February 9 2015 to February 13 2015.

Those who had bought Nifty Puts of February series as per our advice in an earlier post must be running good profits. However, the 8660 support remained un breached on closing basis in the last trading session. What remains to be seen is that unless and until the Nifty bounces back from the 8660 mark in the forthcoming session, we are headed towards 8421 with immediate supports at 8615 and 8526. On the other hand the immediate resistance is at 8695 which if conquered will see Nifty shoot up North with the next resistances at 8765 and 8862. Otherwise we will continue to be in a short term consolidation phase within the range 8421 to 8862.

The day traders and short term traders may trade accordingly keeping the above points in mind throughout the week and get out around the resistances and supports.

The mid-term investors, are advised to keep selling stocks in every rise in small quantities irrespective of whether the stock owned is at a premium to their buying price or not and get their holdings converted gradually into cash.

They may also consider buying Axis Gold ETF at around 2568 and 2498.

They may also consider investing in Birla Sun Life top 100 (G), Franklin India Opportunity (G), SBI Blue Chip Fund (G) and Tata Equity Opportunity Fund (G) preferably through SIPs @ 25% in each of the fund schemes.

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.

Trading & Investing Tips for the Week February 2 2015 to February 6 2015.

The accuracy of our analysis and prognosis in our previous post was proved once gain as the benchmark index continued to scale new all time highs. We had also advised the followers of this blog to buy Nifty Puts of February series and as the Nifty slipped below the support of 8838 mark just before shutting shops on January 30 2014, we presume that those who followed our advice must be running in good profits. What remains to be seen is that unless and until the Nifty bounces back in the forthcoming session and rules above 8795 we are headed towards 8421 with immediate supports at 8735, 8660, 8615 and 8526. On the other hand the immediate resistance is at 8911 which if conquered will see Nifty shoot up North due to short covering. Otherwise we are into a short term consolidation phase within the range 8421 to 8911.

The day traders and short term traders may trade accordingly keeping the above points in mind throughout the week and get out around the resistances and supports.

The mid-term investors, are advised to keep selling stocks in every rise in small quantities irrespective of whether the stock owned is at a premium to their buying price or not and get their holdings converted gradually into cash.

They may also consider buying back HDFC Bank, ITC and LIC Housing Finance in case of a selloff in these counters.

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.