Tips on Indian Market for July 1 2015

The Nifty did manage to rise above the immediate resistance of 8339 in the previous session after many a hiccup and therefore one may expect it to remain a wee bit bullish in the next session if it manages to stick its head above the 8348 mark. The new support of Nifty is once more at 8265.

The intra-day traders may go long with stop loss at 8350 to book profit at 8410 or there abouts. If however, it trades below the 8325 mark then they may short the index to book profit at around 8285.

The short-term traders may continue to ride their longs raising their trailing stop loss to 8265.

The mid-term investors may consider selling Gateway Distriparks at 354.95. They may also consider buying HDFC Bank with stop loss at 1040.

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 Market for June 30 2015

Even though it came as a bolt as the benchmark index opened with a gap down but the support of 8290, (mentioned in our weekly post) did hold on conclusive basis as the Nifty bounced back to 8329.45 before closing at 8318.4 which is a shade below the immediate resistance of 8336 for the next session. If the index manages to conquer the resistance with good volumes and stays above it for longer time, then we have hope for the bulls. Otherwise, the Nifty may again tailspin into another crash or at best consolidate but with a negative bias with the crucial support at 8246.

The traders may trade accordingly keeping in view the various points of resistance as mentioned in our weekly post.

The next session though is expected to be crucial for the immediate term.

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 and investing for the week June 29 2015 to July 3 2015 in Indian Stock Market.

The trading on the previous session which was also the first day of F&O series of July 2015 remained inconclusive, with a bit of nervousness on the part of the bulls. 
The support of 8290 must hold for any chances for bulls during the week in which case the resistances will be at  8391, 8501 and 8668. 
Otherwise,  i.e. in case the support of 8290 is breached then the immediate support of the index must be at 8265 which if broken will see it go down further towards the target of 7882 and 7586.
The intraday traders may go long if the Nifty trades above the 8380 mark to book profit at around 8437. However, if it trades below 8370 mark then they may short the Nifty to book profit at 8343.
The short-term traders may add long positions in case of weakness with strict stop loss at 8265. However, if the Nifty somehow trades below the 8265 mark with good volumes on conclusive basis then they may open fresh shorts. They may also considering going long in LIC Housing in case if the stock happens to trade above the 470 mark with strict stop loss at 460 for a possible target of 480.85.
The mid-term investors may consider buying Tata Motors at 428.80, and sell Marico at 498.05 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 trading Nifty for June 23 2015 to June 25 2015

The new support for Nifty is now at 8265 which if unbreached may see the benchmark index rise further towards the next resistance of 8501. With the settlement of the June 2015 F&O series on 25th of June, a word of caution is advised. 

Traders may trade on the long side with stop loss at 8265.

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 June 8 2015 to June 12 2015

The Nifty is expected to remain weak with immediate support at 8070 which if breached may see it slide down to 7882 and 7586 levels.

The immediate resistance is at 8310 which if conquered may see it move towards 8405 and 8521.

The intraday traders may trade long in Nifty only if it holds above 8140 and book profits at around 8170. They may short the Nifty if it trades below 8105 to book profits at 8080.

The short-term traders may trade on the short side with stop loss at 8310.

The mid-term investors may continue investing via the SIP route as per advice we had given 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 June 5 2015

The benchmark index could not hold above the 8160 mark which was our first resistance for the Nifty as pointed out in our previous post, which was to be overcome for any hope for bulls to come alive. 

Unable to do so, the Nifty crashed down to 8056. The only positive takeaway from the previous session is that it bounced back to close almost flat.

The immediate support for the session today is at 8120 failing which the Nifty will again see sell off emerging. The intraday traders may however go long in Nifty if it trades above 8120 for an hour or so with strict stop loss at 8110 to book profit at around 8170 or 8215, as the case may be depending upon the momentum of bounce back that started yesterday. However, if it trades below the 8100 mark, they may short the nifty with stop loss at 8130 to book profit at 8075.

We expect the short-term traders following this blog must have exited their short positions yesterday as per our advice in the previous post. They may however, stay away for the day as no clear signal is emerging. However, if the Nifty trades above the 8175 mark conclusively then they may consider going long.

The mid term investors too may stay on the side lines.

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 June 4 2015

Quite very much in lines with our expectations in your previous post, the Nifty did indeed remain weak in last session to the extent of breaching the key resistance of 8185, which doesn't augur well for the benchmark index in particular and the whole market as a whole. However, the technical charts are suggesting that much of the poison must be out of the market but it does not imply thereby that the Nifty will not weaken further.

If the Nifty somehow manages to stick its head above the 8160 mark with good volumes for an hour or two, then one may expect a bounce back.

The intraday traders may go long only if the index trades above the 8160 mark and book profit around 8195. They may short the index only if it goes below the 8115 mark and book profit at 8085.

The short-term traders may cover their shorts today, in case if it turns weak.

The mid term investors may stay away at this juncture.

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 June 3 2015

As we had expected in our previous post, the Nifty did turn weak and those who followed our advice must have gained handsomely.

As the support of 8242 as indicated in our weekly post got breached, we expect further weakness in the markets in the next trading session with Nifty sliding towards the next support of 8185, the breaching of which happens to be the only hope for Bears as a large quantity of selling is expected below this point.

The intra-day traders may go long in Nifty only if it trades above the 8310 mark in which case they may book profits around the 8375 levels with strict stop loss at 8300 which seems too unlikely at the moment as Nifty seems in no mood to go up north. Otherwise they may short the Nifty if it trades below the 8300 mark and book profits at around 8178 levels.

The short-term traders may short Nifty with strict stop loss at 8375 to chase the immediate target of 8185.

The mid term investors may consider buying Axis Bank at 543.70, HDFC Bank at 970.10. LIC Housing at 379.45, Marico at 382.90 and Idea Cellular at 158.20. They may also consider selling ITC at 326.10.

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 June 2 2015

The Nifty remained inconclusive in the previous session as it closed at 8433.4, which happens to be the very tipping point for today's session. Chances of another weak session cannot be ruled out.

Intraday traders may go long only if the Nifty trades above the 8450 mark in the initial hours and book profit at 8483 with stop loss at 8435. They may short the Nifty if it trades below  8425  to book profits at 8403.

The short-term traders may build long positions in case of weakness with stop loss at 8345.

The mid term investors may follow our advise as pointed out 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.