Weekly post on trading tips for November 2 2015 to November 6 2015

If the Nifty does not show a bounce back and the support of 8070 is conclusively broken on the upcoming trading session then things do not augur well for the bulls and fresh supply will emerge where traders will press fresh short positions. In such a case the immediate support is at 7882 and then at 7586 and 7458.

On the flip side, if the benchmark index somehow manages to hold the support of 8070 and trades consistently above the 8100 mark then the new resistances are at 8225 and 8346.

The intra-day traders may go long if the Nifty trades above 8085 to book profit at 8115. They may however short the market if it trades below 8050 and book profit at 8024.

The short-term traders may go short in Nifty if it trades below 8070 for a possible target of 7882.

The mid term investors may consider buying Goldman Sachs Nifty ETF at 803.21 and 761.11 in small quantities. They may also consider buying Dr Reddy at 4189.10 and 4059.35, Lupin at 1897.95 and 1752.65, Maruti at 4347.35 and Bajaj Auto at 2476.40.

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 for October 26 2015 to October 30 2015

First and foremost, it may be kept in mind that the settlement of October F&O series is due on October 29 2015 and there the market may turn violent and jittery. So one may trade/ invest with caution and tend to be nimble footed.

The immediate resistance for the benchmark index is at 8346, which if conquered, will see the Nifty headed towards the next target of 8515. On the flip side the immediate support is at 8300, which if broken will see Nifty gravitate towards the next supports of 8257, 8180,7934 and 7840.

The intraday traders may go long if the nifty trades above 8300 and book profit at 8320 and 8346.

The short-term traders may book their longs of October series. However, if the nifty falls down then they may take advantage of the weakness and start making long positions in November series with stop loss at 8180.

The mid-term investors may sell 10 % of their holdings in HDFC bank at 1148.55, Goldman Sachs nifty ETF at 847.36 and LIC housing at 533.70. In case of decline they may add Goldman Sachs nifty ETF at 828.45 and 801.05.

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. 

Weekly post on trading tips for October 19 2015 to October 23 2015

The market, although may seem bullish but one can not rule out the possibility of profit booking coming in for every rise and short selling, which drags the benchmark index below the key supports. We presume that traders may continue to remain nimble footed with the strategy of selling on rise and buying on dips. It may also be kept in mind that this is a truncated week, October 22 being a holiday and settlement is next week on October 29.
The next resistance is at 8346 and the immediate supports are at 8184, 8148.
The intraday traders may go long if the index trades above the 8210 mark to book profits at 8265. Otherwise they may short the index to cover it at 8185.
The short-term traders may ride their longs and add long positions with stop loss at 8130.
The mid-term investors may start selling 10 % of their holdings in HDFC bank at 1122.50, goldman sachs nifty ETF at 844.80 and LIC housing at 510.75

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 October 13 2015

The market seems to be very much in bullish trend inspite of the profit booking in the previous session because the profit booking- pressure of weak hands was not able to take out the support of 8105. However the markets are expected to be a bit weak on the opening bell.

The intraday traders may go long if the nifty trades above the 8175 mark to book profits at 8205. On the flip side they may short the Nifty if it trades below the 8150 mark to book profits at 8110.

The short-term investors may continue to go long on every weakness with stop loss at 7900.

The mid-term investors may try to book profits in case of strength in the market at the rates specified 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.

Weekly post on trading tips for October 12 2015 to October 16 2015

The nifty seems to be in a bullish mode and if the resistance of 8210 is conclusively conquered on closing basis with good volumes then the market will be headed towards the next resistances of 8346 and 8515.

On the flip side if the support of 8154 is broken on closing basis with good volumes then the next supports will be at 7897 and 7804.

The intra-day traders may go long if the Nifty trades above the 8198 mark to book profits at 8235. However, if it trades below the 8165 mark then they may play it on the short side to book profits at around 8105.

The short-term traders may continue to trade on the long side with strict stop loss at 8154 with a possible target of 8325.

The mid-term investors may consider selling 10% of their stocks in every rise- HDFC Bank at 1148.55 and LIC housing at 533.70.

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 October 8 2015 onwards...

The markets are behaving very much in the expected lines as we had stated in our weekly post. The resistance of 8150 has been conquered in the last two sessions on closing basis and so it is quite natural that we are headed towards the next resistance of 8210.

The intra-day traders may go long if the Nifty trades above 8170 with strict stop loss at 8150 to book profits at around 8190/ 8225, as the case may be. However if it trades below 8150 with volumes then they may go short on nifty to cover at 8124.

The short-term investors may consider going long in Nifty with strict stop loss at 8110 with a possible target of 8200.

The mid-term investors may consider selling Axis Bank at 519.75 and buying ITC at 335.35 (with stop loss at 330.)

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 for October 5 2015 to October 9 2015

The support of 7730 held throughout the week on closing basis, though the Nifty did slip below it in one session but bounced back immediately. However, the position continues to be the same as it was last week with critical supports at 7730, 7586 and 7458. But we expect it to be bullish, though there is no clear cut stock or sector leadership. The resistance is at 7978 which if conquered will see Nifty heading towards 8150 and 8210.

The intra-day traders may short the Nifty if it trades below 7970 to book profit at 7920. They may go long if the Nifty trades above 7980 to book profit at 7995 or 8110, as the case may be.

The short-term traders may continue to form long positions even in case of weakness with strict stop loss at 7730 with a possible target of 8150. They may also consider going long in Lupin with stop loss at 1950 for a possible target of 2240.

The mid-term investors may consider buying L&T at 1449.75, Goldman Sachs Nifty ETF at 793.10, Coal India at 319.30 and 783.94 and LIC housing at 441.80 - 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.