Tips on stock picks and trading strategies for the week August 31 2015 to September 4 2015.

The crucial support of 7586 held although this time it went down to 7667.25 and closed at 8001.95 towards the end of the week. The immediate support for the week is at 7829 and the resistance is at 8200. In case of a breach of the weekly support, the benchmark index will again slide towards 7586 and 7459. On the other hand, if the resistance of 8200 is conquered then the index will face successive resistances at 8257, 8395 and 8565.

The intraday traders may go long only if the Nifty trades above 8018 and book profit at 8042. In the flip side if the Nifty trades below 7985 then they may play it on the short side and book profit at 7945.

The short-term traders may go long in case of weakness in Nifty with strict stop loss at 7827 with a possible target of 8148. However, if the Nifty trades below 7827, they may short the index with a possible target of 7785.

The mid-term investors are advised to buy Coal India at 345.65,  HDFC Bank at 1014.40, LIC Housing finance at 418.45 and Goldman Sachs Nifty exchange traded scheme at  798.40 and 793.45 all in small quantities. They may also consider selling Marico industries at 441.80.

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 for August 25 2015

With the key support of 7882 gone, we are headed towards the next support of 7586 unless of course, short covering kicks in. We are of the opinion that that some hedge fund has gone berserk due to bad decisions and is selling to carry it's losses elsewhere, where it believes things will change. Nevertheless, the moot point for us is at which point should we pick up the stocks and what trading strategy should we adopt. On this count, it is alarming that, the settlement of August F&O series expiring on August 27 2014, one need be careful of not being tricked into buying or selling.

Keeping that in mind, if the Nifty trades above the 7885 mark in the wee hours of trading tomorrow, then there is a some hope for the bulls and one may go long to book profits at 7935. Otherwise, if it trades below 7780, then they may short the Nifty to book profits at 7705.

Short-term traders may abstain as they market is weak yet oversold and therefore the direction can't be predicted as of now.

Mid-term investors may consider buying HDFC Bank at 914.20 and LIC Housing Finance at 389.75 or 375.20.

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 the week August 24 2015 to August 28 2015.

Our mid term support of 8213 held as the benchmark index bounced back from 8225. However, the bounce back was only a short covering and the support of 8213 is to be kept in mind. However if the support of 8213 is breached then we are headed towards the rock support of 7882. Moreover, the settlement of F&O series is due on 27 August 2015 and therefore short term traders may be careful or abstain from trading.

The intraday traders may go long in Nifty only if it trades above the 8285 mark to book profit at 8335. They may short the Nifty if it trades below 8250 to book profit at 8213.

Short term traders may abstain today. If an opportunity arises we will advise in a subsequent post.

Mid term investors may seek opportunity in stocks like HDFC Bank and LIC housing Finance and add more of them to their portfolio in every melt down; HDFC Bank @ 1042.8 and LICHSGFIN @438.35 & 429.95 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 the week August 17 2015 to August 21 2015.

The Nifty did manage to hold above the support of 8213 and bounced back from the 8337.95 mark. Whether the bounce back was merely a short-covering or an attempt by the bulls to take command will be clear if the Nifty holds above the 8411 mark which is a key support for the short term. If it, however manages to conquer the resistance of 8552, then it may head towards 8668.

The intra-day traders may trade on the long side to book profit at 8550 with stop loss at 8470.

The short-term traders may short the index if the support of 8411 gets breached. They may go long if the nifty trades conclusively above 8525 with good volumes with stop loss at 8510.

The mid-term investors may sell the key stocks on every rise.

Tips on stock picks and trading strategies.

The immediate support and any indication of hope for bulls in near term is at 8436 which if broken will see more selling coming in especially in the key stocks we have been recommending.

The intra-day traders may go long only if the nifty stays above the 8490 mark and book profit at 8531. They may short the Nifty below 8450 to book profit at 8436.

In case if 8400 is conclusively breached with volumes, we advise the short-term traders to short Nifty for the next target of 8256. 

Mid-term investors may continue to sell their holdings in every rise and turn stocks to 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.

Trading opportunities for week 10 August to 14 August 2015

If the Nifty conquers the resistance of 8590 with good volumes then chances of a rally cannot be ruled out which may take up the benchmark index to 8668 and beyond. Otherwise, the supports is at 8430.

The intra-day traders may go long if the Nifty holds its head above the 8575 mark with volumes and for longer time and book profit at around 8590. Otherwise, i.e. if it trades below the 8565 mark they may play it on the short side to book profit at 8548.

The short-term traders may go long only if the index stays above the 8600 mark with stop loss at 8585.

The mid-term investors may chose the SIP route to invest in Birla Sun Life Top 100 (G) and SBI Blue Chip Fund (G), as the direction of market is yet not clear for the mid term horizon. They may also consider selling the key stocks in every rise in quantum of 10% of their total holdings in the stocks and turn their investments in stocks 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.