Trading tips for the week February 1 2016 to February 5 2016

As the Nifty was able to conquer the resistance of 7446, specified in our previous weekly post, and managed to close above it, it may be presumed that an intermediate bottom has been made at 7241.5. A glimmer of hope has started to sparkle for bulls if Nifty sustains above the immediate support of 7520 in which case the resistances will be at 7754, and 7980. However, if the support of 7520 gets broken then the next supports are at 7468 and 7369.

The intra-day traders may go long if the nifty stays above 7514 and book profit at 7616. Otherwise they may play it on the short side to book profit at 7475.

The short term traders may go long with stop loss at 7365 for a possible target of 7685.

The mid term investors may consider buying Goldman Sachs Nifty ETF at 746.31, Asian Paints at 865.11 and 847.35 and LIC Housing at 465.35.

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 29 January 2016

If the Nifty trades above 7446 then the intra-day traders are advised to go long with stop loss at 7425 and book profit at 7485. However, if it trades below 7434 then they may short Nifty to book profit at 7403. 

The short-term traders may consider adding fresh long positions in Nifty with stop loss at 7335.

 The mid term investors may go on considering adding Asian paints at 844.11, LIC housing at 465.35 and Nifty BeES at 744.11.

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 28 January 2016

The settlement is due tomorrow and as the war lines are drawn between the bulls and the bears, which way the Camel will tumble is yet unknown.

The intra-day traders may go long if the Nifty trades above 7455 to book profits at 7470. However, if it trades below 7432 then they may play it on the short side to get out at 7412.

The short-term traders may keep their stop loss at 7435 as advocated in our previous post.

The mid term investors may go on considering adding Asian paints at 844.11 and Nifty BeES at 744.11.

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 January 27 2016

Keeping in mind that the settlement of F&O series of January 2016 is due tomorrow, the intraday traders are advised to go long if the Nifty trades above the 7461 mark in the initial hour of trade with stop loss at 7445 to book profit at 7595. They may, however, play it short if it trades below 7432 to book profit at 7415.

The short-term traders may ride long and add more positions in February series with stop loss at 7335 for a possible target of 7565.

The mid-term investors may look for opportunities in stock like Asian paints at 844.15 and LIC housing at 465.35 in case of a drop down.

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 the week January 25 2016 to January 29 2016

Just as we had expected in our previous weekly post, the Nifty did go volatile with negative bias going to as low as 7241.50. The nifty will face immediate resistance at 7466 which if conquered then it may be construed that an intermediate bottom has already been made and Nifty will aim towards higher resistances at 7693 and 8094. 

On the flip side the immediate support is at 7314 which if broken then the bearish trend may sustain a bit more till it touches 7150.

It may however be kept in mind that the settlement of January F&O series is on 28 January 2016 which might bring about a lot of uncertainty this week and one may utilize this to take positions in February series.

It may also be remembered that this will be a truncated week on account of holiday on 26 January 2016, being Independence Day.

That being said the intraday traders may trade it on the long side with stop loss at 7390 to unwind the longs at 7466. If the Nifty trades below 7390 then they may short the nifty to cover it at 7320.

The short-term traders may form long positions in the February series with stop loss at 7300.

The mid-term investors may consider buying Asian Paints at 844.15 and Goldman Sachs Nifty ETF at 742.26.

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 the week January 18 2016 to January 22 2016

The market did behave very much in expected lines as we had indicated in our previous post that the Nifty after an initial upside will go down. We expect the Nifty to behave very much like it did through out the last week as we had written in the previous weekly post albeit that it might my turn a wee bit more volatile and show more of a downwards bias.

The nifty will have to conquer the immediate resistance of 7538 above which the Nifty will face resistances at 7764 and 7990. On the downside the supports are at 7458 and 7150. As of now there are no signs of the selling pressure relenting.

The intra-day traders may consider going long in the opening trades to book profit at 7475. However, unless it trades above 7580, they may short the index to book profit at 7406.

The short-term traders may continue to play on the short side to book profits at 7458. However, if it trades firmly above 7540, they may go long to play it till 7665.

The mid term investors may consider buying Asian Paints at 850.60 and 833.05, HDFC Bank at 1033.15 and 1013.15, LIC Housing at 440.75, Lupin at 1657.10, Goldman Sachs Nifty ETF at 747.16 and Zee at 399.35.

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 January 15 2016

The Nifty is showing a bit of upside which looks like it will sustain and maybe show a bit of upside. Although it will cover down towards the end of trade anyway even if it goes up. But certain signals are indicating that even if we have not hit the intermediate bottom, we are facing an impending bottom which seems here abouts. Otherwise we are suddenly bullish on the Nifty and the whole market in general.

The Nifty will go up north if it trades above the  7533 upto 7613. However if it trades below 7530 then we see a new bottom, which, although seems a bit unlikely at this juncture.

The intra-day investors may go long if the Nifty trades above 7535 and unwind their longs around 7610. However if the index trades below 7520 then they may short the Nifty to cover it at 7576.

The mid term traders may go long in Nifty with stop loss at 7495 to ride it nimble footed till 7469.

The long term traders may consider buying Nifty at 751.85, Asian paints at 851.27, Lupin at 1657.10 and Zee at 399.30.

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 the week January 11 2016 to January 15 2016

The only takeaway from previous week was that the four day fall got arrested in the last session, but we ascribe the Friday comeback to short covering by bears. A little more downside is there in the cards as the Nifty will consolidate with negative bias, gravitating towards the support of either 7580 or 7458 or eventually 7150. The bulls will return only if the resistance of 7813 is conquered conclusively.

The immediate support is at 7580 and there fore the intraday traders may trade accordingly to book longs at 7642 and shorts at 7552.

The short-term traders may play it on the short side if the support of 7580 gets breached for a target of the next support i.e. 7458. Otherwise they may go long with stop loss at 7580 for the possible target of 7685.

However if the Nifty opens gap up, then the intraday as well as short-term traders may consider shorting at 7675 to cover at 7605.

The mid term investors may consider buying Asian Paints at 865.60 and 833.05, HDFC Bank at 1033.15 and 1013.15, LIC Housing at 476.40, Lupin at 1657.10, Goldman Sach Nifty ETF at 761.11 and Zee at 399.35.

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 January 8 2016

The next support below 7712 is at 7586 which though broken intra-day but held on closing basis. Below 7586 one may expect the Nifty to go down to 7458 and finally 7150. The sentiment is expected to be bearish and weak but chances of short covering towards the latter half can not be ruled out.

The intra-day traders may go long only if the Nifty holds its head above the 7600 mark and unwind their longs at around 7635. However, below 7585, they may short the Nifty to cover it at 7524.

The short-term traders may open fresh shorts in case of rise and keep riding their shorts otherwise for the next target of 7458.

The mid-term investors may stay nimble footed and sell on rise. I case of weakness they may consider adding Asia paints at 783.05, Lupin at 1728.05, Zee at 399.30- 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.

Trading tips for January 7 2016

The Nifty still held the support of 7712 and till then nothing is to be worried about. But once 7712 is breached then chances of all hell breaking loose cannot be ruled out.

The intraday traders may go long only if the index trades above 7735 to book profit at 7754. Otherwise they may go short to cover around 7710.

The short-term traders may cover their short positions and wait patiently till a clear picture emerges.

The mid-term investors may consider buying HDFC Bank at 1059.25 and 1033.15, LIC housing at 473.80, Lupin at 1725.65, Goldman Sachs Nifty ETF at 761.1 and Zee at 401.35- 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.

Trading tips for January 6 2016

The Nifty must trade above 7800 with good volumes for chances of upside. However we expect the nifty to remain weak and consolidate with a negative bias for as long as the support of 7712 is not breached on closing basis. Below 7712, fresh selling will emerge.

The intraday traders may go long in such scenario and book profit at 7822. However, if it slips below 7780, then they may short the index and cover at 7754.

The short-term traders may play on short side with stop loss at 7892 for the target of 7712.

The mid term investors may continue to sell on every rise.

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 January 5 2016

As we were expecting an initial hiccup in our weekly post, there indeed was a spate of profit booking but the pressure was relentless and took Nifty down to 7889.85. However, the panic button has not been pressed yet as the key support is at 7712. Now that the Nifty has lost quite a significant ground, the bulls will tend to be on the defensive and if the support of 7712 remains un-breached then the Nifty will at best consolidate with a negative bias. For the return of the bulls the Nifty will have to conquer the resistance of 7900. However below 7712 fresh selling will emerge.

The intra-day traders may play it on the short side with stop loss at 7840 and so may the short-term traders with an immediate target of 7735.

The mid term investors may continue selling in every rise.

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 the week January 4 2016 to January 8 2016

After an initial hiccup on account of booking of profits, the Nifty is expected to remain bullish till it hits the important resistance of 8036. However, if this resistance is conquered then a fresh spate of short covering will see Nifty surge ahead up north towards 8346. The immediate supports are at 7948, 7923, 7824 and 7712.

The intraday traders may if the nifty trades above 7948 to book profit at 7985. However, they may short the Nifty if it slips below 7933 to cover it at 7906.

The short term traders may ride their longs and add further positions in case of weakness with stop loss at 7712 for a target of 8011.

The mid-term investors may continue selling their holdings in small quantities. HDFC Bank at 1108.05, LIC Housing at 518.75 and Goldman Sachs Nifty ETF at 815.87.

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 January 1 2016

The nifty is expected to begin the new year with a bit of calmness and strength. The intraday traders may go long if it trades above 7931 to book profit at 7985. However, if it slips below 7920, then they may play it on the short side to book profit at 7875.

The short term traders may raise their stop loss to 7915 and play their long positions till 8036.

The mid-term investors may continue selling stock on rise HDFC Bank at 1095.95, LC Housing at 530.15, ZEE at 456.05 and Goldman Sachs Nifty ETF at 814.87- 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.