Tips on stock tips and trading strategies for the week April 27 2015 to April 30 2015

All those who might have read our previous post might have noticed that we had already stated that all was not well and the recent flare up may not be construed as return of bulls. Well, the Nifty did turn weak and those who traded as per our advise might have benefited.

The index is expected to continue to remain weak although one might expect flare ups on account of expiry of F&O April 2015 series on April 30 2015. The index may try the key support of 8256  once more and in case if it gets broken then the next support points to be kept in mind during the week are at 8143, 8070 and 7882.

However, if the index bounces back from hereabouts then the resistances will be at 8395, 8486, 8574, 8626 and 8795. The return of bulls will be ensured only above 8795. Otherwise we may consolidate with a negative bias, if the support of 8256 gets broken and positive bias if the resistance of 8626 is conquered.

It may also be noted that the market will remain closed on May 1 2015.

The intraday traders may consider going long in Nifty if the index trades above the 8330 mark to book profit at 8387. They may however short Nifty if it trades below the 8295 mark to book profit at 8256.

The short-term traders may continue to play on the short side and add fresh positions in case of a rise with stop loss at 8626.

The mid-term investors may continue to bid stocks as per our advise in our previous post. 

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. 

Tips on Indian Markets for April 24 2015

It may however be noted that we are not out of the woods yet although the meltdown did get contained in the previous two sessions. The Nifty remained inconclusive towards the close of the session. The recent flare up may not be construed to imply the return of the bulls as the settlement blues have set in and the index may turn volatile and unpredictable.

The intra-day traders may go long only if the Nifty trades above the 8425 mark to book profit at around 8480. However, if it trades below the 8365 mark then they may short the index to book profit at 8338.

Like wise, the short-term traders may short nifty (May series) if it trades below 8365.

The mid term investors may consider buying Axis Bank at 511.05, Idea at 180.55 and Marico at 383.25 in small quantities. They may also consider investing in Birla Sun Life Top 100 (G) and SBI Blue Chip Fund (G) through SIP.

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. 

Tips on Indian Markets for April 23 2015

The nifty bounced back from 8284.7 in the previous session as against the support of 8256 which we had pointed out in a previous post, but whether an intermediate support has already been made will only be confirmed if the index manages to stay above 8390 through out the day. Otherwise we are headed to yet lower levels with intermediate supports as indicated in the earlier post.

The intra day traders may go long in Nifty if it trades above 8390 to book profit at 8475. Otheriwse they should go short to book profit at 8330 or 8283 as the case may be.

Short-term traders may cover their shorts today. However, if the index breaks down to sub 8256 level then they may open fresh shorts, preferably in May series.

The mid-term investors may consider buying Marico at 383.25.

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.

Tips on Indian Markets for April 22 2015

The Nifty has turned weak and seems to be in bearish grip and will continue to be so unless it manages to stick its head above 8656 which is quite in our expected lines ever since we had advocated to those trading on long side to exit all long positions in a previous post.

The intra-day traders may go long only if the index trades above the 8424 mark with stop loss at 8394 and book profit at around 8449. They may go short if the index trades below 8370 in the opening hour to book profit at around 8330.

The short-term traders may continue to play on the short side in case of rise with stop loss at 8656.

The mid-term investors may consider buying Axis Bank at 511.05.

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. 

Tips on Indian Markets for April 21 2015

The Nifty broke the support of 8489 and broke even beyond the support to 8422. Once again we are standing at the crucial support of 8411, which if breached will see selling emerge posing risk to the bulls and the Nifty will see melt down to 8256, 8143, 8070, 7882 and 7586. In such a scenario, the bears will grip the market, i.e. unless and until there is a bounce back tomorrow. 

The intra-day traders may go long if the Nifty trades above 8450 mark to book profit at 8495.

The short-term traders may, unless there is a bounce back tomorrow, play it on the short side with stop loss at 8583. 

The mid term investors may consider buying Idea at 180.55, Marico at 383.25  and Lupin at 1651.75 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. 

Tips on stock tips and trading strategies for the week April 20 2015 to April 24 2015.

The Nifty did manage to conquer the resistance of 8795 for a few moments but it turned out to be a false breakout and the index broke down to 8596.7 before closing at 8606. Unless the index manages to stay above the 8609 level somehow, the Nifty is definitely headed towards the support of 8489 with intermediate supports at 8577 and 8533. On the other hand, if the index bounces back to plus 8635 level then it will meet resistances at 8698, 8750, 8795 and 8835. However, we would like the readers of this blog to exercise a lot of caution this week keeping an eye on settlement next week when the Future and Options series for the April 2015 will expire on April 30 2015.

That being said the intra-day traders may go long if the Nifty trades above the 8635 mark to book profits at around 8690. Otherwise they may short the index to book profit at 8577.

The short-term traders may continue to play on the short side with strict stop loss at 8695.

The mid-term investors may consider adding Lupin to their portfolio by placing bid at 1651.75 and Marico at 403.45 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 tips for April 17 2015

The intra-day traders may consider going long in Nifty only if it trades above the 8770 mark to book profit at 8835. On the flip side, if the Nifty goes below the 8700 mark, they may short the index to book profits at 8675.

The short-term investors may short around the the index in case of a rise with strict stop loss at 8795.

Mid term investors may bid as per our advice in our previous post.

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 tips for April 16 2015

Judging from the way the support of 8795 got breached in the previous session, it can be safely assumed that the maket is in no hurry to hit new all time highs and might as well go into a consolidation phase with a downward bias. However, it may be noted that a breakout cannot be predicted or rejected based on data of just two sessions.

The intraday traders may go long f the nifty trades above the 8775 mark to book profits at around 8795. Otherwise they may play it on the short side to book profit at 8732.

The short-term traders may go long only if the Nifty conquers the resistance of 8798.

The mid-term investors may consider buying Idea at 192.95.

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. 

Tips on trading strategies for April 15 2015

The Nifty did exhibit considerable strength as it went about conquering the resistance of 8795 conclusively in the previous session and we expect all the readers of the previous post must have exited all long positions in Nifty. It can now safely be assumed that unless and until Nifty conclusively slips below the 8795 mark, it will continue to be in consolidation mode with a positive bias inching gradually towards new all time highs.

The intra-day traders may consider going long in Nifty if it trades above the 8810 mark to book profits at around the 8855 mark. Otherwise they may go short to get out at 8795.

The short-term traders may open long positions in Nifty with strict stop loss at 8795. They may also go long in L&T at around 1794 with strict stop loss at 1780  for a possible target of 1850.

The mid-term investors may considering going long in Coal India with stop loss at 385.50 and Idea Cellular Ltd at 197.90. They may also exit Bank of India at 228.85.

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.

Tips on stock tips and trading strategies for the week April 13 2015 to April 17 2015.

The Nifty behaved pretty much in the expected lines through out the last week as indicated in our weekly post, going up all the way up to 8787.4 as against our indicated resistance of 8795.

The 8795 mark is now the most important hurdle to be crossed for the Nifty to turn bullish towards hitting new all time highs. But for this to happen the resistance of 8795 should be conquered conclusively with good volumes.

The intraday traders may go long if the index trades above the 8779 mark to book profits around the 8800 mark. They may go short of the Nifty slides below the 8754 mark to book profits at 8720.

We expect that the short-term traders following our blog must have booked their longs on Friday as per our advice in our Friday's post. They may go long only if the 8795 mark is conquered conclusively and otherwise they should stay in sidelines and just wait and watch. However, if the Nifty slips below the 8720 mark then they may short the Nifty for a target of 8663.

The mid-term investors may consider exiting Bank of India at 228.10. They may wait for our next post for any other opportunity as at the moment the market is on a critical point and that too on a truncated week.

It may also be noted that the markets will remain closed on April 14 2014.

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

Tips on trading strategies for April 10 2015

We had advised the readers of this blog in our previous post to exit their long positions at 8787 and the Nifty was stopped at 8785. We hope the readers have exited their longs

The intra-day and short-term traders may go long only if the Nifty trades above the  8799 mark conclusively because if this resistance is broken then fresh longs will be built into the system. However, if this resistance is not conquered then the Nifty will consolidate with a negative bias gravitating gradually towards 8470.

In case if the Nifty manages to trade above the 8799 mark then the intra-day traders may trade long with target of 8813 or 8851. If it falls below the 8734 mark then they may go short to book profits at 8662.

The mid-term traders may trade depending on whether the resistane of 8799 is broken conclusively or not. In case if the resistance is conquered then they may go long aiming for new highs. Otherwise they may go short.

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

Tips on trading strategies for April 9 2015

It was bulls eye yet again as the Nifty met resistance at 8730.5. We had advised the intraday traders to go long and book profits at 8727 in our previous post.

The intraday traders are advised to go long if the Nifty trades above the 8717 mark with stop loss at 8700 and book profits at 8753 or 8787 as the case may be.

The short-term traders may ride their longs raising their stop loss to 8566. They may exit all their longs at 8787.

 Mid term investors may continue to bid as per our weekly post.

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

Tips on trading strategies for April 8 2015

The resistance indicated our previous post held and Nifty failed to trade above 8693.6 (our resistance was at 8690) and then it went down and the intraday traders following our advise might have raked in good money by playing both ways by booking longs at 8690 and shorts opened at 8630 booked at 8610.

The intraday traders may go long if the Nifty trades above 8655 with stop loss at 8640 and book profits at 8727. However, if it trades below the 8620 mark, they may play it on the short side and book profits at around 8600.

The short term traders may continue to ride longs and add more long positions on dips and raise their trailing stop loss to 8550.

Mid term investors may continue to bid as per our weekly post.

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

Tips on trading strategies for April 7 2015

After the initial hiccup, the Nifty turned bullish in the previous session yet the true strength of nifty will only be confirmed if it manages to stay above the critical resistance of 8795.

The intra-day traders may go long with stop loss at 8630 to book profits at around 8690 or 8720 as the case may be. However below the 8630 mark they may go short to book profits at 8610.

The short-term traders may continue to ride their long positions in Nifty and raise their stop loss to 8542 for a possible target of 8790.

The mid-term investors may invest as per our advise in our previous post. 

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.

Investing and trading tips for April 6 2015 to April 10 2015

The Nifty seems to have turned bullish but the recent flare ups may not be construed to have come out of the woods. At best it will consolidate with a positive bias and may gradually inch up north with immediate support at 8551 and then at 8517, 8396 and 8256. However, a breach of 8256 will see a huge sell off this time with intermediate supports at 8143, 8070 and 7882.

On the flip side, the Nifty may continue to inch upwards gradually with immediate resistance at 8597, 8628 and 8795.

The intraday traders may go long if the Nifty trades above the 8597 mark to book profits at 8638.

The short-term traders may continue to trade on the long side on every opportunity with strict stop loss at 8517 for a target of 8690 and 8776. They may also consider going long in Marico if it trades above 388.20 with good volume with a possible target of 402.

The mid-term investors may consider bidding Axis Bank at 543.65, LIC Housing Finance at 428.05 and Tata Motors at 536.60. They may also consider investing in Birla Sun Life Top 100 (G) and SBI Blue Chip Fund (G) through SIP with a horizon of at least 4 years.

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

Tips on trading strategy on April 1 2015

The nifty may turn weak unless and until it trades above the 8500 mark and so the intraday traders may consider trading on the basis of which side of this mark the Nifty trades with this mark as the stop loss to book longs at 8537 and shorts at 8449.

The short-term traders may continue to trade as per our advise in our previous post.

Mid term investors may abstain from bargain hunting for the day. If an opportunity arises during the day we will post, in the last 90 minutes of trade today. So look for this post around the last 90 minutes.