Weekly post on trading tips September 28 2015 to October 1 2015

With the settlement behind us now we have to see that the Nifty does not breach the support of 7730, which is important for if this support is broken conclusively on closing basis with good volumes, then we may see a fresh bout of selling coming in which may take the benchmark index down to 7586 and 7458 levels. On the flip side if the Nifty somehow manages to stay above the 7932 mark conclusively on closing basis with good volumes, then fresh buying might emerge taking Nifty to 8151 or 8208 levels. It may however be kept in mind that this is a truncated week with October 2 2015 being a holiday.

That being said, the intra-day traders may go long with stop loss at 7850 to book profits at 7907. However, if the nifty trades below 7845 then they may play it on the short side with stop loss at 7860 to book profit at 7838.

The short-term traders may open long positions if the Nifty cracks down further with stop loss at 7730 for a possible target of 7951.

The mid-term investors may consider buying Coal India at 313.60, 308.75 and 301.45 in small quantities. They may also consider buying Goldman Sachs Nifty ETF at 788.21, 775.15 and 761.26 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 September 24 2015

The day of settlement has finally arrived taking most of the traders on a ride. 

The benchmark index continues to be bullish as the Nifty ended in positive territory inspite of the initial hiccup that made it see the low of 7723, but the bounce back was very much in the expected lines.

The support is now at 7784, which if breached will see the benchmark index to test the supports of 7736 and 7586.

On the flip side, the resistances are at 7910, which if conquered will see Nifty give it a try at 7955 and 8150.

The intra-day traders may go long if the Nifty trades above the 7810 mark to book profit at 7900. On the other hand if the Nifty trades below 7784, they may short the Nifty to book profit at 7735.

The short-term traders may consider going long in nifty in the October series with stop loss at 7730.

The mid-term investors may consider buying Marico at 375.05, LIC Housing at 418.85, Goldman Sachs Nifty ETF at 782.87 and 767.78 and Coal India at 307.90; 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.

Tips on trading for September 23 2015

The nifty was technically in bullish mode as we had indicated in our previous post.

but the settlement blues seemed to set in, which may be construed as an opportunity for those taking positions in the October F&O series.

That being said, the immediate support for Nifty is at 7736 and if that is breached then we may see Nifty sliding towards 7586 and then at 7458.

On the flip side, the immediate resistance is at 7885 and if that is conquered then at 7955 and 8152.

The intra-day traders may go long if the benchmark index trades above the 7875 mark and book profit at 7932. Otherwise they may short the Nifty and cover it at around 7725.

The short-term traders may go long in the October series with stop loss at 7730.

The mid-term investors may bid for Goldman Sachs nifty ETF at 783.57, 772.4 and 758.1 in small quantities. They may also consider buying HDFC Bank at 1003.95 and 982.6 and LIC HSG Finance at 408.15, all in small quantities.

We remind our followers again that this being a truncated week and also settlement being due this Thursday, one must be very careful in committing positions and be alert.

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 post on trading tips September 22 2015 to September 24 2015

The Nifty continues to be in bullish mode showing quite a strength, even though it slipped down a bit in previous session. The next resistance is at 8150.

The intraday traders may go long in Nifty with stop loss at 7950 and book profit at 8002.

The short-term traders may go long even if there is weakness with stop loss at 7920 with a possible target of 8135.

The mid-term investors may continue buying Goldman Sachs Nifty ETF by placing bids at 794.90 and 783.45. They may also consider watching HDFC Bank as it is approaching a major resistance at 1070.
It may however be kept in mind that this is a truncated week on account of holiday on Friday the 25th and also that the settlement of September series is on 24th and therefore the market may be expected to be rather volatile.

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 September 16 2015

The intraday traders may go long if the index trades above the 7849 mark with stop loss at 7830 and book profit around 7910.

The short-term traders may consider going long if the resistance of 7880 is conquered on closing basis for a possible target of 8150.

Mid-term investors may bid for Goldman Sachs Nifty ETF at 785.25 and offer Marico at 434.10 and 447.95.

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.

Trading tips for September 15 2015

Intra-day traders may go long if the nifty trades above the 7838 mark and book profit at 7910. They may however trade on the short side if the index trades below the 7805 mark to book profit at 7750.
Short-term traders may consider going long in Nifty with stop loss at 7800.
Mid-term investors may bid Goldman Sachs Nifty exchange traded scheme at 778.45 and offer Marico at 434.10.
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.

WeeklyTrading strategies for the September 14 2015 to September 18 2015.

7656.85 is the new support, which if breached will see Nifty gravitate towards 7586, 7458 and ultimately towards 7150. However, if the support of 7586 is held, chances of Nifty sliding downwards are less,  in which case it looks like an intermediate bottom has already been made but the volatility will subside gradually as the index will start consolidating. 

On the flip side the resistances are at 7880, 8151 and 8208.

In case of a rise, the intra-day traders may play it on the short side,  with stop loss at 7810 to book profit at 7752. However, they may go long if the Nifty trades above the 7805 mark and holds above this point for more than an hour and book profit at 7850.

The short-term traders may stay nimble footed and get in and out depending on the resistances conquered (go long) or supports broken (go short) as there is no sign of a clear direction thus far.

The mid-term investors may consider buying Goldman Sachs Nifty Exchange traded scheme at 778.45 and 761.15. They may also consider buying Coal India at 323.35, Marico at 385.25 and Lupin at 1755.20 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.

Indian Markets for September 8 2015

It is quite clear that we are headed towards the support of 7458 and 7150, but the end of the bearish rally must lie between the two supports as per the technicals.
The intra-day traders may go short with stop loss at 7603 and book profit at around 7510.
The short term traders may ride their shorts with a possible target of 7458.
The mid term investors may consider buying Coal India at 315.75, HDFC Bank at 943.25, LIC Housing Finance at 375.05, Lupin at 1698.20 and Goldman Sachs Nifty Exchange traded scheme at 736.40.

They may also consider investing through SIP in Birla Sunlife Top 100 (G) and 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.

29 August 2015 Tips on stock picks and trading strategies for the week September 7 2015 to September 11 2015.

As we had stated in our previous post, we are headed towards the crucial support of 7586, which if breached may see Nifty slide further towards 7458 and then 7150. On the other hand the index faces immediate resistance at 7736 which if conquered may see it test the resistance of 7914. The technical indicators, however, suggest a brief stop to this down slide which may also result in a relief rally, but overall the markets are still in a bearish mode.

The intra-day traders may go long if the index trades consistently above 7642 mark with good volumes and book their profit when Nifty is around 7690. Otherwise they may short the Nifty to book profit at 7590.

The short-term traders may book their profit at 7586, if they have been carrying shorts. They may open fresh shorts in case if the Nifty shows a bit of strength 7730, 7760 and 7865 with stop loss at 7920.

The mid term investors may consider placing bid in small quantities for Coal India at 329.25, HDFC Bank at 956.05, LIC Housing Finance at 393.75, Lupin at 1802.95 and Goldman Sachs Nifty Exchange traded scheme at 773.25, 765.45 and 758.05. They may also consider investing through SIP in Birla Sunlife Top 100 (G) and 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.