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.