Trading tips for December 31 2015

Very much in expected lines, the volatility set in towards the closing hour of market and as we had posted in our earlier post, this is a sell in rise market. We expect the Nifty to slip further south though.

The intra-day traders may go short in nifty with stop loss at 7915 to book profit at 7814. However, they may go long only if the Nifty holds above 7923 in which case they may book profit at 7946 or 7965 as the case may be. At most the intra-day traders may expect 7985 but in no case carry positions above it as it being the settlement day, the index may turn dicey. 

The short-term traders may add long positions in January series with stop loss at 7814.

The mid-term investors may continue selling HDFC Bank at 1089.35, LIC housing at 521.10, Goldman Sachs nifty ETF at 806.26 and ZEE at 448.10- all of these in small lots.

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 December 30 2015

With settlement on Thursday, chances of increased volatility cannot be ruled out in the ensuing session on Wednesday.

If the nifty trades above 7935 then the intra-day traders may go long to book profit at 7980. Otherwise if it trades below 7920, they may short nifty to cover it at 7905 or 7885 as the case may be.

The short-term traders may ride longs raising their stop loss to 7813.

Mid-term investors may sell 10% of their holdngs in each of HDFC Bank at 1089.95, LIC Housing at 526.25, Goldman Sachs Nifty ETF at 806 and ZEE at 424.55.

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 December 29 2015

The Nifty behaved pretty much in expected lines and but for the settlement week, if it trades above 7929, then another bull run is very much in the cards with resistance at 8036.

The intraday traders may go long with stop loss at 7900 to book profits at 7949. Otherwise they may short Nifty to cover at 7880.

The short term traders may go long in January series with stop loss at 7800.

Mid term investors may continue selling the key stocks at the prices we had given in 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 post on trading tips for December 28 2015 to January 1 2016

 The market did exhibit a bout of bullish activity in the previous week as we had stated in our previous post. However, the benchmark index must remain above 7870 for the market to continue in its upward march with the next resistance at 8035. On the other hand if the Nifty slips below 7792 then it will give up all its recent gains with the immediate support at 7680. The market can be expected pretty much to be dicey on account of the expiry of F&O series of December on 31 December and might become volatile.

The intra-day traders may remain nimble footed through out the week. If the Nifty trades above 7860, then they may go long to book profit at 7880. Otherwise they may play on the short side to book profit at 7835.

The short-term investors may exit all their long positions on Monday and in case of weakness they may go long in January series with stop loss at 7780.

The mid-term investors may sell their positions as this is a sell on every rise market. They may consider selling Zee at 420.85 and buying Zee at 391.50. They may also consider selling part of their holdings in HDFC Bank at 1085.6, LIC Housing at 497.85 and Lupin at 1914.45.

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 December 21 2015 to December 24 2015

The Nifty must stick it's head above the 7815 mark for the bulls to remain firm and continue it's strength up north like it did for most of the previous week. On the other hand if the benchmark index slips below 7665, then the Nifty will remain weak and and head towards the rock support of 7586.

The intra-day and weekly traders may trade accordingly keeping in mind that that this is a truncated week of four sessions on account of holiday on December 25 2015.

However, the market is expected to show a fresh bout of bullish activity on the opening bell on Monday 28 2015.

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 December 14 2015 to December 18 2015

The only hope for bulls is in that the Nifty did somehow manage to close above the critical support 7586, although the technical parameters of the market have turned to worse from bad for them. But for the closing above 7600, it was almost all set for carnage. However, it is in deep dumps as of now and bears are in full command and it may be kept in mind that it was only short covering that prevented the weekly close below the support of 7586.

If the support of 7586 is broken on closing basis then the Nifty is headed to wards 7458 and then finally towards 7150.

On the other hand if the nifty manages to stay above 7586 on closing basis and trades above 7730, then only bulls will return and that too half halfheartedly.

The intra-day traders may go long if the Nifty trades above 7590 and book profit at 7630 or 7661 as the case may be. Otherwise they may play it on the short side to book profit at 7579.

The short-term traders may continue shorting Nifty with stop loss at 7730 and book partial profits at 7579 and at 7556.

For the mid-term investors the market is in a sell in every rise kind of pattern and so they may consider selling HDFC Bank at 1094.65, LIC Housing at 483.25, Lupin at 1914.05, Nifty ETF at 818.25 and Zee at 415.40. 

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 Call for December 8 2015

It seems that the market is not giving in to the supply and bulls are operative. 
The intra-day traders may go long if the Nifty trades above 7780 to partially book profit at 7795 and then at 7810. However, if the Nifty trades below 7755, they may go short to book profit at 7720.
The mid-term traders may consider adding Goldman Sachs ETF at 781.05 and 761.11, Lupin at 1725.65, LICHSG FIN at 438.85 and HDFC Bank at 1027.05.
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 December 7 2015 to December 11 2015

The market seems to be in no hurry to head up northwards as profit booking comes rather too soon implying that the market is in consolidation phase if not weak. The support for the benchmark index is at 7586 and the resistance is at 7900. Any slippage below 7586 will bring in supply thereby bringing about the bears action. On the other hand if the Nifty conquers the resistance of 7900 then the bulls will take charge. Un till then the market will remain in a consolidating phase ith range bound trading.

The intra-day traders may go long in Nifty if it trades above 7800 to book profit at 7820. On the flip side if the Nifty trades below 7780 then then may go short to book profit at 7765.

The short-term traders may go long with stop loss at 7780 to book profit at 7900. On the flip side if the Nifty trades below 7765, they may consider going short with a possible target of 7586. However, they may book partial profit at 7718.

The mid-term traders may consider adding Goldman Sachs ETF at 781.05 and 761.11, Lupin at 1725.65, LICHSG FIN at 438.85 and HDFC Bank at 1027.05.

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.