Weekly post on trading tips for November 30 2015 to December 4 2015

If the benchmark index manages to hold above the 7868 mark on closing basis, which seems more likely, then the technical parameters suggest that an intermediate bottom has already been made and the market might see a bullish rally. If the Nifty manages to trade above 7965 it will be headed towards 8090, which should be a strong resistance. On the flip side the immediate support is at 7920 which if broken may see Nifty slide back towards the 7843 mark.

The intraday traders may go long if the Nifty trades above 7950 and book profit at 7975 or 8000, as the case may be. However, if Nifty trades below 7920, they may go short and book profit at  7895 or 7870. as the case may be.

The short term traders who went long in December series as per our advice in our previous post, may continue to ride their long positions and even consider adding fresh longs raising the stop loss to 7800 for a possible target of 8090.

The mid-term investors may consider going long in HDFC bank with a target of 1148. They may also consider selling Lupin at 1987, Zee entertainment at 426.95 and Goldman Sachs Nifty ETF at 819.71.

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 November 23 2015 to November 27 2015

The market will continue to be weak even if it might show a few flash-ups here and there owing to the settlement of the November F&O series which is due on November 26 2015. It may also be kept in mind that the market will remain closed on November 25 2015.

The intra-day traders may go long if the Nifty trades above 7885 to book profit at 7910. They may however, short Nifty if it trades below 7850 mark to book profits at 7790.

The short-term traders may square off all their positions in Nifty November series and may consider going long in December series in case of weakness with strict stop loss at 7790.

The mid-term investors may consider selling HDFC Bank at 1148.55 and LIC HSG Fin at 533.70 in case if these two rise. They may consider buying Goldman Sachs Nifty ETF at 791.05 & 780.65.

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 November 9 2015 to November 13 2015

The only positive takeaway in a market with weak sentiment was that the immediate support of 7938 held on closing basis on both the previous sessions. Otherwise, the benchmark index continues to be weak both as projected by the technical parameters as well as lack of leadership of any sector in particular. Moreover, the upcoming week will be a truncated week due to holidays on November 11 2015 and November 12 2015. However, the market will open in the evening for Muhurat trading on November 11 2015.

The immediate support for the nifty is at 7944 which if broken will see the index drifting towards the next support of 7882, 7843 and then finally towards 7586.

On the flip side, if the Nifty conquers the resistance of 7960, then one may expect a rise to 8043 and 8179 but chances of it trading on the negative seem strong.

The intra-day traders may go long if the Nifty remains above 7960 and book profit at 7995. Otherwise they may short it and cover around 7935.

The short-term traders may continue riding their longs and add more shorts with loss at 8043.

The mid-term investors may consider adding Nifty ETF at 801.62 and 761.11, LICHSGFIN at 438.90 and 428.65, Lupin at 1765.35 and Axis Gold ETF at 2304.40.
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.

trading tips for November 6 2015

The Nifty behaved very much in the expected lines in our previous post. We expect further weakness, if the immediate support of 7937 is broken, in which case it will drift down to 7844.

The intraday traders are advise to play it on the short side with stop loss at 7976 to book profits at 7925.

The short-term traders may continue to ride their longs with the possible targets of 7882.

The mid-term investors may consider buying LICHSGFIN at  438.90, Lupin at 1795.95, Nifty ETF at 796.05 and Zee entertainment at 390.85

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 November 5 2015

The Nifty is expected to weaken further and what is to be kept in mind is that the support of 7882 holds or not. 

The intra-day traders may go short if the Nifty trades below 8052 to book profit at 8010. They may however go long only if the index trades above 8085 to book profit at 8125.

The short-term traders may ride their short positions and add more with stop loss at 8210 for a possible target of 7882.

The mid-term traders may consider buying Goldman Sachs Nifty ETF at 803.3 and Lupin at 1797.80 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.

Trading tips for November 4 2015.

Like we had stated in our previous post, it indeed was a dead cat bounce and then profit booking set in and dragged Nifty down to 8031 before closing at 8060. The market may be considered weak as long as it does not conquer the resistance of 8205 with the target of 7882.

The intra-day traders may go long if the Nifty trades above 8076 with stop loss at 8060 to book profit at 8100 or thereabouts. On the other hand if the Nifty trades below 8045 then they may short the index with stop loss at 8065 to book profit at 8010.

The short-term traders may play it on the short side with stop loss at 8210 for the target of 7882 or thereabouts.

The mid-term investors may buy Goldman Sachs Nifty ETF at 801.62, Lupin at 1810 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.

Markets for November 3 2015

The benchmark index has definitely turned weak as the support of 8070 got breached and baring a dead cat bounce, we presume it to weaken further with the next support being at 7882.

The intra-day traders may go long only if the Nifty trades above 8035 to book profit at 8055 with stop loss at 8010. However, if the Nifty trades below the 8020 mark in the wee hours then they may short the Nifty to book profit at 7985.

The mid term traders may chase the target of 7882 on the short side with stop loss at 8210.

The mid term investors may consider buying Lupin at 1799.55 and Goldman Sachs Nifty ETF at 801.62 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.