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.