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.

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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.