Markets July 23 2015

As stated in our previous post the market is absolutely dicey and may catch one unawares. It is precisely for this reason that we had advised the daily traders to be nimble footed and those who followed our advise mught have gained both in the fall and the rise of Nifty

The day traders may continue to be nible footed and grab whatever they get without any greed.

They may go long if Nifty trades above 8600 to book profit at 8632. They may go short if it trades below 8552 to book profit at 8528.

The short-term traders may go long with stop loss at 8550 for a possible target of 8668.

The mid-term investors may sell the key stocks at each rise unless the resistance of 8668 is conquered effortlessly in the wee hours of trade.

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.

Markets July 22 2014

The index has become more and more unpredictable but the takeaway from today's market is that someone is pushing sale defying the technical parameters of the market. The market has therefore become very dangerous and deceitful. Something is utterly wrong somewhere and so one might as well stay away from the market till some stability emerges.

Intra-day traders if they are compulsive traders are advised to be nimble footed. They may trade on the short side if the index trades below 8522 in the opening hour and book profit at 8505. They may go long only if the Nifty conquers the resistance of 8565 and get out at 8595.

Short-term traders may stay on the sidelines for now as they might burn their fingers.

Mid-term investors may consider selling all the key stocks in small quantities in every rise and turn their portfolio completely into cash.

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.

Markets July 21 2014

The technicals of the Nifty suggest that a bullish pattern is there though somewhat unconfirmed. With that in mind the immediate support is at 8584 and the immediate resistance is at 8611. It seems that the bulls are not in a mood to give up.
Having said that the intra-day traders may go long if the Nifty trades above 8595 in the wee hours conclusively and book profit at 8637. They may however trade on the short side if the index trades below 8580 to book profits at 8565.
The short term traders may trade on the long side with strict stop loss at 8575. They may also consider going long in Axis Bank with strict stop loss at 598.
The mid term investors may consider offering Bank of Baroda at 162.20, Tata Motors at 411.25, in small quantities. They may also consider checking 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.

Weekly tips on stock picks and trading strategies

The breakout of the range came up on the previous session and therefore, now 8501 should act as the new support as the Nifty should face resistance at 8668 which if conquered, the Nifty should inch up with positive bias eventually leading towards formation of all time highs. But that is beyond the current week.

As for the week, the immediate resistance is at 8623 and the intra-day traders may go long above this point to book profit at 8654. They may however go short if the index trades below the 8612 to book profit at 8581.

The short-term traders may go long with stop loss at 8575 and book profits at 8668.

The mid-term investors may wait and watch. If the index conquers the 8668 mark then they may hold the key stocks. Otherwise, i.e. if the Nifty is unable to conquer the 8668 mark or happens to be unable to sustain the current levels, then they may start selling the key stocks at every rise. As of now they may consider selling Tata Motors between 404 to 416.95 in small quantities. They may also consider selling Bank of Baroda at 160.20. Buy Idea Cellular at 173.8 and 165 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 picks and trading strategies for July 17 2015

There seems to be a breakout above the crucial resistance of 8501 yet the Friday trades will confirm the breakout; we are yet however apprehensive due to a typical volatility that has set into the market and as of now only suggests that it is but a sell on rise market. 
With that in mind, the intra-day traders may go long only if the index trades above the 8595 mark to book profits at around 8632. They may however, go short of the index trades below the 8575 mark to book profit at around 8565.
The short-term traders may go long with strict stop loss at 8560. They may go long in Axis Bank with strict stop loss at 592 with a possible target of 645.50 (the target may be revised in our next post but the technicals suggest a bull run) 
The mid term investors may continue selling Tata Motors at 401.95 and 403.95 in small quantums. They may consider buying HDFC Bank at around 1110 to 1102 points, Axis Gold at 2383.95, sell bank of Baroda at 160.10, sell Federal Bank around 79.20, offer HDFC Bank at 1143.85, bid Idea at 174.30 and Lupin with stop loss at 1890 with an immediate target of 2157.20.
A WORD OF CAUTION THOUGH THAT ONE OUGHT BE NIMBLE FOOTED AT THIS POINT OF TIME AS WE ARE UNABLE TO RULE OUT VOLATILITY IN MARKET WHICH MIGHT AS WELL TRAP THE NAIVE. BE CAREFUL GUYS.
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 picks and trading strategies for July 16 2015

The benchmark index once more shot above the crucial 8501 resistance but it has yet to be seen whether it manages to stay above 8501 which, once again, happens to be the immediate support for short-term traders.

However, the intra-day traders may go long of the index manages to stay above the 8510 mark in the wee trading moments and book profit at 8542 or thereabouts. On the flip side, they may go short if the index slips to sub 8500 level and book profit at around 8470.

The short-term traders may however stay away from Nifty and rather go long in Lupin with strict stop loss at 1905 for a possible target of 1981.

Mid-term investors may consider selling Tata Motors in every rise in small quantities and exit the counter as it has been beaten beyond recognition from a mid-term perspective.

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 picks and trading strategies for July 15 2015

As we had suspected in our previous post, the Nifty was unable to conquer the key resistance of 8467 with good volumes and therefore slipped below to 8441.55 towards the end of the session closing at 8454.10.

The intra-day traders may go long only if it trades above 8465 and book profit at 8478. However, if the index slips below 8445 then they may short the Nifty and book profit at 8425.

The short-term traders may consider covering their shorts at 8390 with strict stop loss at 8481.

Mid term investors may exit Tata Motors at every rise and consider buying HDFC Bank at around 1077.65 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 picks and trading strategies for July 14 2015

The Nifty managed to almost wobble around the 8365 mark and eventually broke it taking it to above our resistance of 8467 but eventually closed below at 8459.65. We however hold that the index is not out of the woods as yet as it has yet to conquer the resistance of 8467 with good volumes. Chances of another sell of can not be ruled out. The best one can expect is a volatile market with sudden swings in either side eventually ending in consolidation before another leg up. 

The intraday traders may go long as long as the nifty stays above the 8430 mark and book profit at 8490.

The short-term traders may go long only if the resistance of 8467 is conquered conclusively with good volumes and ride it till 8660. Otherwise, they may short the index and cover it around 8380.

Mid-term investors may consider selling Tata Motors at 416.50 and buying Idea Cellular at 165.75 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.

Weekly tips on stock picks and trading strategies

As we had stated in our previous weekly post that the shadow of 8501 hung over the index and it could not sustain conclusively with good volumes above this mark, although it did manage to stay above 8501 mark on two consecutive sessions and went up to 8561.35.

Similarly, the nifty could not conclusively breach the support of 8311 although it went down to 8315.4, almost about kissing it but bounced back from here to 8372.2, probably due to short covering due to the upcoming weekend.

The intraday traders may go long only if the index stays above the 8365 mark to book profit at 8385 with stop loss at 8345. They may however short the index if it trades below 8335 and book profit at 8315 or 8300 as the case may be.

The short-term investors may continue playing on the short side and open fresh short positions in case of strength in the index with strict stop loss at 8475. The immediate support of nifty is at 8337 and if this level does not sustain in the ensuing session then the supports will be at 8311 is at 8177. The traders may keep these levels in mind while considering opening fresh shorts and/ or covering the shorts to book profits.

The mid-term investors may buy HDFC Bank at 1073.45, buy Idea Cellular at 165.75, sell Lupin at 1876 and sell Tata Motors at 413.50 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 strategies for July 10 2015

Whether the support of 8335 mentioned in our previous post did actually get breached will be confirmed in the next session as the lowest point of 8323 (and the consequent closing at 8328.55) was hit at the fag end of the session. However, if the breaking of 8335 gets confirmed in the ensuing session then the immediate target should be at around 8177. But the positive takeaway is that the leaders of the rally that took it to 8561.35 mark were not as much beaten as the benchmark index itself. On the flip side the immediate resistance is at 8350 and then at 8470.

The intra-day traders may play it on the short side unless and until the index manages to stick it's head above the 8350 mark, otherwise they may play it on the short side to book profit at around 8320 or 8300  as the case may be.

The short-term investors may continue to ride their shorts and try to cover them at around 8275.

The mid-term investors may stay on the side lines and watch for this post. We will advise if an opportunity presents itself during the mid session.

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 July 9 2015

The Nifty could not hold above the resistance of 8501, which we had been constantly insisting upon as being very critical for the next move and consequently, it was not before long before it went into an almost all out sale giving up all the gains of the previous sessions stopping just a wee above our next support of 8335. If the support of 8335 gets breached in the next session then the index will slide towards the next support of 8177. On the flip side, if the Nifty somehow manages to stick it's head above the 8477 mark, then only can one expect the bulls to return.

The intraday traders may trade on the short side in case of a strength in the market with strict stop loss at 8390 to book profit at 8320 and the short-term traders may open fresh shorts with stop loss at 8480.

The mid-term investors may wait and watch as we expect better buying prices in the next few sessions.

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 picks and trading strategies for July 8 2015

The Nifty did show strength in the previous session but all the gains petered out by the close but the only positive takeaway was that the index did close above the critical support of 8501 which previously was the critical resistance. Whether any strength remains or not in the market depends on whether the index trades above the 8495 mark in which case the intraday traders may go long to book profit at 8470. However if the Nifty trades below 8450 then they may short the index to book profit at 8427.
The short term players may continue to ride their longs and also add more long positions in case of weakness with strict stop loss at 8400.
The mid term investors may consider investing by the way of SIP in SBI Blue Chip Fund (G).
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 picks and trading strategies for July 7 2015

After an initial hiccup and a gap down opening which took Nifty down to 8386.15 level which was pretty close to 8374, our stop loss for short term traders as indicated in our weekly post, the bulls took charge taking Nifty beyond the resistance of 8501. However, a confirmed breakout of the resistance will only be confirmed in the upcoming session.

The intraday traders may trade on the long side in Nifty if it stays above the 8485 mark to book profit at 8542. They may however short the index if it trades below the 8460 mark to book profit at 8400.

The short-term traders may continue to ride their longs and even add more long positions with strict stop loss at 8590. They may however exit their longs around the 8668 mark.

The mid-term investors may consider buying Idea Cellular at 179.05.

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 trading strategies for the week July 6 2015 to July 10 2015.

The resistance of 8501 hung over the market in the previous session as the bulls continually kept trying till the end of the session. The 8501 mark continues to be a crucial point which if conquered will see the Nifty soar towards the next and even more critical resistance at 8668. On the flip side the immediate support is at 8463 which if broken will see Nifty slide further down to 8374, 8311 and/or 8153.

The intraday traders may go long with stop loss at 8460 to book profits at 8513. If the nifty trades below the 8460 mark with volumes then they may short the index to book profits at 8440 or 8395 as the case may be.

The short-term traders may add long positions if the Nifty weakens with stop loss at 8374. However, if the Nifty conquers the resistance of 8501, then they may build fresh longs in the index to ride it till 8668.

Mid term investors may consider buying Idea Cellular at 179.55 and 174.55 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 Indian Market for July 3 2015

The Nifty traded in a very small range in the previous session and finally the bulls seemed to be wary as it traded at almost the lowest point towards the end of the session. It can be concluded that the resistance of 8501 overshadowed the sentiment of the players throughout the day but the takeaway from the session is that a breakout is in the offing; the direction of which is uncertain. Either Nifty will give up all its gains of the week or else it will manage to break the resistance of 8501 with rampaging bulls. From this perspective the trades tomorrow are very important. Either selling will emerge around our resistance or else fresh buying will emerge if it is conquered without much of an effort.

The intraday traders may go long only if the Nifty manages to stick its head above the 8465 mark to book profit at around 8498 mark. However if the Nifty trades below the 8440 mark then they may short the nifty to cover the shorts at around 8420.

The short-term traders may exit their longs around higher levels i.e. if they haven't already ( we had advised the followers of this post in our previous post to book partial profits in their longs). However, if there is a breakout above the 8501 mark then they may open fresh longs with new support at 8501 and ride them till 8665.

The mid term investors may wait and watch 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 Market for July 2 2015

A little more upside seems inevitable in the session with the immediate resistance at 8501 which if conquered will see Nifty move towards the 8668 mark. The immediate support for the Nifty is at 8368 which if broken will see it go towards the 8304 mark.

The intra-day traders may go long if the Nifty trades above the 8435 mark to book profits at 8501. Otherwise they should short the nifty to book profit at 8390.

The short-term traders may book partial profits in their longs at around 8501. They may however make fresh long positions if the resistance of 8501 is conquered with volumes.

The mid-term traders may consider buying Idea Cellular at 166.40 in small quantity. They may also watch Axis Bank which is approaching the crucial resistance of 598.80 and L&T which must conquer the 1819 mark conclusively for any hope for bulls in that counter. They may consider buying HDFC Bank with strict 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.