Trading tips for March 31 2015

The Nifty showed a bit of strength in the previous session and if in case it does not breach the immediate support of 8360, it may safely be assumed that an intermediate bottom has been made at 8269.15 and the Nifty will at best consolidate with a bit of an upward bias. The next resistance will be at 8585. 8627 and 8794.

The intra-day traders may consider going long in Nifty with stop loss at 8450 to book profits at 8535 and 8585 as the case may be.

The short-term trader may play it on the long side with stop loss at 8350.

The mid term investors may consider buying Idea Cellular at  174.80 and 164.90 in small quantities.

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 strategy in Indian Stock markets for March 30 2015 to April 1 2015

The benchmark index behaved very much in expected lines as indicated in our previous post and to the extent that it even broke the support of 8492 and went down to 8269.15 mark before closing at 8341.4 in the previous session.

The Nifty will continue to be weak in the ensuing truncated week which will be closed on April 1 2015 and April 2 2105. The immediate support will be at 8256 which if breached will see further meltdown towards the 8143 and 8070 mark. Otherwise too, i.e. in case of a rise, the Nifty will see only consolidation with a negative bias.

The immediate resistance will be at 8410 and then at 8565. However, the Nifty will keep on coming down until it crosses the 8794 mark.

The traders may continue to trade on the short side on every opportunity with strict stop loss at 8794.

The mid-term investors are best advised to stay away for the time being.

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 strategy in Indian Stock markets for March 16 2015 to March 20 2015

Now that the support of 8718 was breached towards the close of last week, in which case, as already indicated in our previous weekly post, the benchmark index is expected to continue in its downward journey in the near future with the support for the Nifty being at 8573, 8468 and 8403.The intra-day traders and short term traders must have benefited immensely by following our advise. However, as the market does not go down or up in a straight line, so one may expect the immediate resistance at 8766 which if conquered, will see short covering kicking in and Nifty may head towards 8932. Once above 8932 mark, new longs will emerge in the system.

The intraday may play it on the short side and short-term traders may play it on the short side with stop loss at 8766 with possible targets of 8596, 8566, 8540 and 8492.

The short-term traders may continue to ride their shorts and even add more shorts in case of a rise with a possible target of 8573, 8468 and 8403. They may also consider going long in Lupin with stop loss of 1825 for a possible target of 1929.75.

The mid-term investors may consider buying HDFC Bank @ 1002.25.

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

Nifty strategies for March 13 2015

If the Nifty manages to stay above the 8718 mark then it can be safely assumed that an intermediate bottom has been made at 8677.35 and the benchmark index will meet next resistance at 8846 and 8946. Otherwise, it will resume its downward journey towards 8575 and 8468.

If the Nifty trades above 8770, then the day traders may go long with stop loss at 8760 to book profit at 8795 or 8815 depending upon the strength of the market. Otherwise they may go short to book profit at 8750 or 8718 with stop loss at 8770.

In case of weakness, the short-term traders may go long with stop loss at 8718 with a possible target of 8846. However, if the Nifty goes below the 8718 mark then they may go short.

The mid-term investors may consider selling Gateway Distriparks at around 449.35 and 453.35.

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.

Nifty tips for March 11 2015

The Nifty will continue to be weak unless it trades above the 8697 mark, in which it will meet resistance at 8722.

The day traders may trade accordingly and the short-term traders may continue to ride their shorts and in case of a a rise, they may add more short positions with stop loss at 8846.

Mid term investors may consider going long in Gateway Distriparks with stop loss at 426.

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 strategy in Indian Stock markets for March 10 2015 to March 13 2015

The readers of this blog might have noticed that in our previous post we had indicated that in case of a breach of 8890 mark, the nifty will head towards 8840 mark and of 8840 mark too gets breached then fresh shorts will emerge. The Nifty behaved very much in expected lines and closed at the lowest point. It can therefore be safely concluded that we are in a short term bearish trend with the next support being at 8718, which if broken then the next supports are at 8575 and 8468.

For the intra-day traders, if the Nifty somehow manages to stick its head above the 8798 mark then they may go long with a target of 8832. Otherwise they may short the market to book profits at 8718.

The short-term traders may continue to ride the shorts and even consider adding more short positions with stop loss at 8875. They may also consider going long in Lupin with strict stop loss of 1858 for a target of 1889.

The mid-term investors may consider buying Axis bank at 585.15 and 551.45.

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

Stock tips and trading strategies for the week March 9 2015 to March 13 2015.

The benchmark index did show signs of weakness towards the end of previous week, but short covering made it bounce back from the low of 8849.35 in the previous session.

The nifty is expected to yield under pressure in the coming week unless and until it manages to stay above the 8914 mark in the opening session with the immediate resistance being at 9016. However, if 9016 is conquered with good volumes then the next resistances will be at 9063, 9088 and 9110.

On the flip side, if it is not able to sustain above the 8890 mark, then the Nifty will head towards 8840 mark. However, if 8840 mrk too gets breached then fresh selling may emerge with all traders switching to bearish mode.

For intraday traders - If Nifty sustains above 8914 mark then 8914 will become the support and they may go long with stop loss at 8914. Otherwise they may go short and book profits around 8890. Below 8890, the short term traders may open fresh shorts with stop loss at 8914. Above 8914 they may go long. The short term traders may go long in Bank of Baroda with stop loss at 182 and target of 206.

The mid term investors may consider buying Axis Bank @ 586.25 and @ 551.15 in small quantities.

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

Stock tips and trading strategies for March 4 2014

The Nifty continues in its upwards journey very much in expected lines and there is a little more headroom left with resistances at 9034, 9054, 9077 and 9110.

However, the day traders may trade long only if it trades above 8980 and open fresh longs only if it sustains above 9000 with stop loss at 8980.

The short term traders may continue to ride longs and raise their trailing stop loss to 8932.

The mid-term investors may get rid of all non-performers in their portfolio, i.e. sell all the stocks held by them that are still running at loss or have not yielded profits in these times when Nifty his hitting new all time highs.

Stock tips and trading strategies for March 3 2015.

Much in the expected lines, a indicated in our previous post, the market went up to 8972.35 (our resistance was at 8975.15 as we had indicated in our previous post). Our support of 8865 held in the previous session as the Nifty bounced back from 8885.45 which clearly indicates that the market continues in its bullish mode with immediate resistance at 8990.

The day traders may go long with stop loss at 8930 to get out at the resistances indicated in our previous post. 

The short term traders may raise their stop loss to 8917 and continue to ride longs and even consider adding more long positions. They may also consider going long in Axis Bank with stop loss at 640 with immediate target of 674.20.

The mid term investors may consider buying HDFC Bank at around 1068.05 and Larsen & Toubro at 1827.05. 

They may also consider investing in SBI Blue Chip Fund (G) with a long term horizon via SIP.

Trading & Investing Tips for the Week March 2 2015 to March 6 2015

The readers of this blog might have noticed that the soon as our support of 8830 got breached in the opening session of last week, the benchmark index nosedived down to 8669.45 and as the rock support of 8639 did not get broken, the Nifty remained in bullish mode and then soon after our resistance of 8880 got conquered in the previous trading session, the Nifty turned bullish and went up to 8941.1 (we had indicated 8941 in our previous post) before closing the week at 8901.85.

The Nifty will remain bullish as long as the 8865 mark holds and will head towards new highs with intermediate resistances at 8945.80, 8975.15, 9030.70 and 9053.45.    However, if it slips below the 8819 mark then we are in for another bout of a sell off with the index headed towards 8639 with intermediate supports at 8773, 8755, 8732, 8697 and 8666.

The day traders and short term traders may trade go long with stop loss at 8865 and go short if it falls below 8802 with stop loss at 8819. If resistances are conquered with good volumes they may add long positions and if the supports are broken with volumes they may add short positions.

We advise mid-term investors to sell the non-performers in their portfolio i.e. they may sell all those stocks that are running at loss.

They may consider buying Coal India with stop loss at 379.75 in small quantities. 

They may also consider investing in Birla Sun Life Top 100 (G) with an investment horizon of  at least two years.

The Stock Markets will remain closed on March 6 2014.

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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.