Tips on stock tips and trading strategies for the week June 1 2015 to June 5 2015

The support of 8242, as indicated in our previous weekly post remained unbreached, inspite of the F&O expiry blues, which augurs well for the market. The key supports of Nifty for this week are at 8310, 8242 and 8185 and the key resistances are at 8521 and 8690. If the support of 8185 gets broken then any hope for bulls will be lost and we will slide into a sustained bear market. Likewise, if the resistance of 8690 is conquered conclusively then chances of Nifty hitting new all time high cannot be ruled out. As for now, no clear picture is emerging.

The intraday traders may go long if Nifty trades above the 8405 mark with strict stop loss at 8390 to book profits at 8480. They may short the Nifty it it slips below the 8344 mark and cover their shorts ar 8310.

The short-term traders may build long positions in Nifty in case of weakness with strict stop loss at 8310.

The mid-term investors may continue to invest in SBI Blue Chip Fund (G) through SIP. They may also consider selling the non-performers in their portfolio in case the Nifty happens to trade around the 8690 levels during the week.

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 May 29 2015

If the Nifty slips below 8290 mark today with volumes then one may expect a bear market with immediate support at 8185.  The immediate resistance is at 8328 which if conquered will see Nifty go upto 8362/8383 levels.
The traders may trade accordingly.

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 May 28 2015

As the Nifty once again closed above the 8331 mark, it looks like the bulls are not yet in a mood to quit.
The immediate support for the day is at 8300 and the daily traders may trade accordingly as the F&O series of May 2015 expires today.
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 May 27 2015

The positive take away from previous session was that although the Nifty went below the key support of 8331 yet it closed at 8339.35. with settlement of the F&O series tomorrow, caution is advised as the Nifty becomes more erratic. The immediate support continues to be at 8331.

The daily traders may go long if the Nifty trades above 8346 and book profit at 8365. However below 8331, they may short the Nifty and cover around 8313.

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 May 26 2015

The Nifty turned weak in the previous session and those who shorted Nifty as per our advise in our previous post might have made handsome profits.

Since this is the settlement week nothing can be said about market in definite terms. However, if the support of 8331 holds then one may expect a bit of consolidation with a positive bias. If the Nifty trades above the 8395 mark then the intra-day traders may consider going long to book profits at 8438. However, if it trades below 8331  then they may short the market to book profit at around 8282 mark.

The short-term traders and mid-term investors may trade according to our advise as stated in 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 stock tips and trading strategies for the week May 25 2015 to May 29 2015

We expect the followers of this blog to have exited all the long positions as per our advise in our previous post because the Nifty might turn out to be erratic in the coming week on account of the settlement of F&O series of May 2015 which is due on May 28 2015.

The resistance of 8331 indicated in our previous weekly post was conquered in the very first session of the past week and therefore the Nifty in particular and market in general remained optimistic and again after stopping for a breath on May 21 2014 as indicated in the post for the day, it turned bullish towards the end of the week closing at 8458.95.

The immediate resistance for Nifty in the net session is at 8472 which if conquered will see Nifty go up to 8510 and/or 8559. The immediate support is at 8446 which if breached may see Nifty slide down to 8423/ 8394. The intra-day traders may go long if it trades above 8472 with stop loss at 8450 and profit at 8510 or 8559 as the case may be. They may short the Nifty if it trades below 8446 to book profit at 8423 or 8394.

As for the week, the resistances are at 8521 and 8690 and the major supports are at 8432, 8394, 8242 and 8185. The short-term players may trade accordingly going long if it conquers resistances taking the resistance conquered as the immediate support and therefore as stop loss and vice versa. They may stop trading in May series.

The mid-term investors may look for opportunities in key stocks in case of a sell off on account of F&O settlement this week. They may consider placing bid for Idea at 158.20 in small quantities. They may also consider investing in SBI Blue Chip Fund (G) by way of systematic investment plans for at least 6 months with an investment horizon of three 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 stock tips and trading strategies for May 22 2015

The market behaved very much in expected lines and did stop for a breath as we had indicated in our previous post. 

The Nifty was neither able to conquer the resistance of 8468 nor did it breach the support of 8375, which indicates that the settlement blues of the F&O series of May 2015 due on 28 May 2015 next week have already set in.

The intra-day traders may go long if the Nifty trades above 8425 with stop loss at 8410 to book profit at 8450. They may however go short if the Nifty trades below 8400 to book profit at 8352.

The short-term investors may exit all their long positions in May series.

The mid-term investors may continue to bid as per our weekly post and also as per an earlier 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 stock tips and trading strategies for May 21 2015

The market continues to be bullish and might stop for a breath if it happens to trade below the 8410 mark and consolidate somewhat with positive bias with immediate support at 8375 and 8336. However if it holds above the 8430 mark then one may expect yet another flare up with resistance at 8468.

The intraday traders may go long if it trades above 8430 mark with stop loss at 8415 to book profit at 8468. However below 8410 they may short the Nifty to book profit at 8375.

Short-term traders may continue to ride longs with stop loss at 8336.

Mid term investors may invest as per our advice in our previous post and the 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 stock tips and trading strategies for May 20 2015

The Nifty did trade above the critical mark of 8345 in the early hour of last session and therefore it behaved quite in expected lines as indicated in our previous post and those who exited at 8410 must have gained.

Our support of 8311 too held which implies that there is a bit of strength in the market.

The intraday traders may go long if the nifty trades above the 8392 mark with stop loss at 8370 to book profits at 8452. However, they may short the Nifty if it slips below 8353 mark with stop loss at 8375 to book profit at 8315.

The short-term traders may add long in case of weakness with stop loss at 8230.

The mid-term investors may consider investing in SBI Blue Chip Fund (G) through Systematic Investment Plan. They may also bid Marico at 406.70 with stop loss at 402.

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 May 19 2015

The resistance of 8311 got conquered yesterday, which implies that the market is headed up north so long as it trades above 8311 which has now become the immediate support. The next resistances as we had indicated in our previous post are at 8521 and 8690. However, in case of a breach of 8311, the supports are now at 8202 and 8145.

The intraday traders may go long if the Nifty trades above 8345 to book profit at 8410. Otherwise they may short the Nifty to book profit at 8315.

The short-term traders may ride their longs with stop loss at 8230. 

They mid-term investors may consider buying Marico 406.15 with strict stop loss at 402.

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 May 18 2015 to May 22 2015

The Nifty behaved very much in expected lines, as we had stated in our weekly post, that as long as it does not conquer the resistance of 8207, it will remain weak but the positive take from the week was that the support of 8084 did not break and towards the close of the week the Nifty conquered the resistance of 8207 to close at 8262 which implies a bit of a hope for bulls in that an intermediate low is in place at 7997.15.

The successive major resistances for the week are at 8311, 8521 and 8690 and the major supports are at 8235, 8162 and 8125. If 8690 gets conquered then fresh longs will be built into the system leading to new all time highs. Similarly if 8125 will be breached then fresh selling will emerge leading to a new 52 week low.

The intraday traders may go long if the Nifty trades above the 8255 mark with stop loss at 8235 to book profit at 8290 or 8315 as the case may be. They may however short the Nifty below the 8220 mark to book profit at 8175.

The short-term traders may cover their shorts in case of a dip in Nifty and start taking fresh longs with stop loss at 8125.

The mid-term investors may continue to bid for Axis Bank at 509.35, HDFC Bank at 912.85 and Tata Motors at 470.85 all 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 May 14 2015

The daily traders who followed our previous post must have gained in the previous session by both going long when the nifty traded above 8190 in the wee hours and booked profit at 8240 and then when it slid below 8125, they must have gone short and booked profit at 8098.

The day traders may go long if the Nifty trades above 8218 to book profit at 8263 or 8290 as the case may be. They may go short if it trades below 8168 to book profit at 8125.

As for the short-term traders, the Nifty is still not out of the woods and so they may add further short positions in case of rise with stop loss at 8535.

The mid-term investors may continue bidding as per our advise in 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

Trading tips for May 13 2015

The new support of 8310 was broken in the initial hour of trading and so as indicated in our previous post, the Nifty drifted back into the bear territory and the only silver lining to it was that inspite of going down to 8115.3, the Nifty closed at 8126.95 i.e. above our support of 8125. Otherwise we continue to be bearish.

The intraday traders may go long only of the Nifty trades firmly above 8190 and book profit at 8240. They may go short if the support of 8125 gets broken to book profit at 8098 or 8052, as the case may be.

The short term traders may continue to add short positions in case of rise.

The mid-term investors may continue to bid as indicated in 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

Trading tips for May 12 2014

The market did trade above the 8207 mark that we had indicated in our weekly post and so it remained bullish till the end of session even conquering our first resistance of 8310. It still can not be concluded that an intermediate low has been made although we are very much into an optimistic mode.

The resistance of 8310 may now act as a support if yesterdays session was any indication of a breakout from the bear territory.

Otherwise the immediate support is at 8125, which, if breached, will drag Nifty to new lows.

The traders are advised to trade keeping above points in mind.

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 May 11 2015 to May 15 2015

Very much in lines with our prediction in previous weekly post, the Nifty continued to be under the bear control and went down to as low as 7997.15 before closing the week at 8191.5.

The resistances of Nifty are at 8207, 8310, 8521 and 8690.

The supports of Nifty are at 8084, 7882 and 7586.

The Nifty must trade above the 8207 mark with good volumes and on conclusive basis for any bullish spark to emerge. It will however become weak if it falls below the 8084 support in which case it will drift downwards as selling will emerge.

The intra-day traders may go long above 8180 to book profits at 8120. They may go short below 8160 to book profits at 8135.

The short-term traders may continue to add long positions in case of rise and exit their short positions around the support levels.

The mid-term investors may capitalize the current meltdown and as advised in our previous post they may continue to bid for Axis Bank at 509.35, HDFC Bank at 912.85 and Tata Motors at 470.85 all 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 May 8 2014

The readers of this blog must have noticed that Nifty behaved pretty much in expected lines and being unable to stay above 8070, as we had stated in our previous post, selling emerged before it closed on uncertain ground. 

As for today, if the Nifty stays above 8075 mark then one may gp long to book profit at around 8122. If it stays below the 8025 mark then they may short the Nifty to book profit at 7995.

Short term traders may add fresh short positions if the Nifty goes up north.

Mid term investors may capitalize on  the current melt down and bid for Axis Bank at 509.35, HDFC Bank at 912.85 and Tata Motors at 470.85 all 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 May 7 2014

The benchmark index was unable to surmount the stiff resistance of 8330 and so very much in expected lines it slid back into the bear grip as we had already stated in our previous post, with a glimmer of hope for bulls being totally washed out.

So back we are from where we began and once again we reiterate, like we did in our weekly post that now that the support of 8143 is breached and unless it manages to stay above the support of 8070, fresh selling will emerge taking Nifty down towards 7882.

Traders may trade accordingly.

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 in Indian Markets for May 6 2015.

The technical charts are suggesting a hope for bulls if the Nifty remains above the 8330 mark in which case it might be expected to go upto the resistance of 8557. Otherwise it will continue to be in the bear grip with immediate support at 8300.

Traders may trade accordingly.
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 May 4 2015 to May 8 2015

In our previous weekly post we had stated that the Nifty will test the support of 8256 again and below 8256 it will find support at 8143. The Nifty bounced back from 8144.75 and went upto 8211.65. But the bounce back of 66.9 points from the lows may not be construed as an end of bear control and it cannot be conclusively stated that we are out of woods and that an intermediate bottom has been made. Unless and until it stays above 8170 in the opening hours, we expect it to test the support of 8143 yet again and if it gets breached then another sell off will see it go down south with supports at 8070 and 7882.

However if it manages to stay above 8170, the it will meet resistances at 8185, 8245, 8367, 8437 and 8577. The bulls will come back if it conquers the resistance of 8577.

The intraday traders may go long if it trades above the 8185 mark to book profit at 8220. If it trades below 8170 then they may short the Nifty to book profits at 8141.

The short-term traders may go long but with strict stop loss at 8143. If it closes below 8143 in the next session then they may consider going short with possible target of 7882.

The mid-term investors may consider buying HDFC Bank at 952.20, LIC Housing at 419.15, Marico at 395.95 and Tata Motors at 494.65, all in small quantities.

The long-term investors may consider investing through SIP in Birla Sun life Top 100 (G) and SBI Blue chip fund (G) with a two to three year investment horizon.

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.