Trading tips for the week February 29 2016 to March 4 2016

Unless and until the Nifty trades above 7141, it may be expected to remain weak and sideways but the technical charts suggest that it won't run into any further losses and will bounce back in case of a cut. But the turbulence has not abated as yet. However, the immediate support is at 6995 which if breached might see Nifty again heading towards  6770. The immediate resistance is at 7016 and then at 7069 and 7120. However, if the Nifty conquers the main resistance of 7141, then a sudden bullish spurt may be expected with the next resistances at 7266 and 7321.

The day traders may go long if the Nifty trades above 7022 to unwind at 7060. However, if the Nifty trades below 6996, they may short the Nifty to cover at 6915.

The short-term traders may go long with stop loss at 6996 for a possible target of 7141.

The mid term investors may consider investing in SBI Blue Chip Fund (G) on dips or through SIP.

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 stock picks and trading strategies for February 24 2016

As quite expected, with the settlement of F&O series of February 2016 due on February 25 2016, the market did exhibit volatility in the past two trading sessions and the direction of market in general remains clueless. A rise is not a victory for bulls as much as a drop is no advantage to bears. 

However with the support of 7189 got broken intra-day which implies that the Nifty will remain weak unless and until it trades above 7150.

The day traders may go long if the Nifty trades above 7150 to unwind at 7180. However, if it trades below 7135 then they may go short to cover at around 7068.

The short-term traders may short the Nifty in case of a rise with stop loss at 7190 for a target of 7080.

The mid-term investors may consider buying Goldman Sachs Nifty ETF at 709.68 and Asian paints at 860.65 in small quantities. They may also consider to offer Asian Paints at 896.30.

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 February 22 2016 to February 26 2016

The settlement of February F&O series is due this week on February 25 2016 and therefore although signs of a bullish move are emanating but owing to settlement the Nifty can go anywhere. However, the resistances are at 7270, 7325 and 7550. On the flip side the immediate supports are at 7180, 7060, 7005 and then at 6770.

The day traders may go long in Nifty if it trades above 7200 to unwind at 7240. Below 7180, they may however short the Nifty to cover at 7165.

The short-term trades may trade in March series and go long with stop loss at 7180 for a target of 7260.

The mid-term investors may consider adding Asian Paints at 839.65, Goldman Sachs Nifty ETF at 709.68 and LIC housing at 408.40; all in small quantities. They may also be nimble footed as this is a sell on rise market and sell soon as they see profit i.e. Asian paints at around 876.80 and 893.95, Goldman Sachs Nifty ETF at 765.15 and 798.03 and LIC Housing at  468.25 and 489.95.

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 February 18 2016

With the lack of leadership the Nifty has turned volatile and the direction has become uncertain, but it is definitely a sell on rise market anyway.

The day traders may go long in Nifty if it trades above 7095 to unwind at 7155. They may short the Nifty if it trades below 7020 to cover at 6989.

The short term traders may go long for a possible target of 7208 with stop loss at 7020.

The mid term investors may stay on the sidelines and wait and watch.

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 February 16 2016

The Nifty showed a bounce back for second day in a row. However, it may be noted that this is a sell on rise market because there is no clear leadership.

If the Nifty manages to stay above 7170, then the intra-day traders may go long to unwind at 7211. On the flip side, if it trades below 7130, then they may short the Nifty to cover it at 7088.

The short-term traders may consider going long with stop loss at 6988 for a possible target of 7266.

The mid-term traders may consider buying Goldman Sachs Nifty ETF at 708.16, Asian Paints at 856.35. 

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 the week February 15 2016 to February 19 2016

The bounce back in the previous trading session may not be construed as a come back for bulls. It was merely a short covering. The immediate support for the Nifty is at 6930 which if broken may see Nifty going weak with the next support at 6770 and 6645. However if the Nifty manages to stick it's head above 6960 then one may expect a little bit of upside with successive resistances at 7054, 7136 and 7266.

The intraday traders may trade on the long side if the Nifty trades above 6961 to unwind at 7010. However, below 6930 they may short the Nifty to cover at 6887.

The short-term traders may continue to play on the short side with stop loss at 7136.

The mid term investors may sit on the side lines on Monday the 15th and just wait and watch.

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 February 12 2016

The Nifty has lost quite a ground and with the key support of 7150 taken out the next support is at 6770. The Market is in for loss now although a bounce back due to short covering cannot be ruled out today with resistances at 7045 and 7135.

Traders may trade accordingly and investors may stay away today.

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 February 11 2016

The Nifty does not seem to stop loosing ground and seems likely to target 7150.

The intra-day traders may go long only if it trades above 7225 to unwind at 7265 or 7290 as the case may be. Otherwise they may short the Nifty to cover at 7175.

The short-term traders may ride their shorts till 7150 and even add fresh shorts with stop loss at 7385.

The mid-term investors may consider adding Asian Paints at  857.15 and Goldman Sachs Nifty ETF at 712.33 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 February 10 2016

With the key support of 7369 broken, things do not seem to augur well for the bulls and it looks like the Nifty is again headed towards 7150 if the Nifty does not bounce back from hereabouts. 

The intraday traders may go long only if the Nifty manages to trade above 7300 and unwind around 7320. Otherwise they may play it on the short side to cover at 7271 or 7225 as the case may be.

The short-term traders may play shorts for the possible target of 7150 with stop loss at 7425. They may also consider going long in Asian Paints with stop loss at 870 for a possible target of 903.55.

The mid-term investors may consider selling Lupin at around 1990 and 2065 in small quantities.

They may also bid for Nifty ETF at 712.33 and Asian Paints at 877.60 and 857.15 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 February 9 2016

The fall towards the end did not come as a surprise as there was no momentum on the upside and the rise up in last trading session as we had stated in our weekly post, was more of a short covering. The only positive takeaway was that the support of 7369 held.

The intraday traders may go long only if the Nifty trades above 7425 to book profit at 7455. Otherwise they may short Nifty to cover at 7369 or 7332.

The short-term traders may go long only if the Nifty 7490, otherwise they may wait and watch as market may turn out to be deceptive.

The mid-term investors may consider buying Asian Paints at 859.10 and LIC Housing at 428.40 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 the week February 8 2016 to February 12 2016

As the support of 7369 specified in our previous weekly post remained conclusively unbroken, we may conclude that the tug of war is on between the bulls and bears and the bounce back on the previous trading session does not indicate anything in particular as it was mostly short covering on not very convincing volumes. In our opinion the market will continue to trade sideways, sometimes nose diving and sometimes edging up  with resistances at 7507 and 7735 and supports at 7418, 7369 and 7150.

The intra-day traders may go long if the Nifty trades above 7466 to book profits at 7525 or 7543 as the case may be. On the flip side they may short Nifty if it trades below 7429 and book profits at 7485.

The short-term traders may go long with stop loss at 7418 with a possible target of 7735. Otherwise they may trade on the short side with target of 7350.

The mid term investors may consider buying LIC Housing at 423.95 and Goldman Sachs Nifty ETF at 750.54 in small quantities. They may also consider selling 10% of their holdings in Asian Paints at 923.45.

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.

Tips for stock picks for Feb 3 2016

Just as a glimmer of hope sparkled and no sooner, true to its characteristics, the Nifty nose dived breaking the support of 7468. However, all hopes are not lost as the key support of 7369 still holds. However, if the Nifty continues to be weak and gives up more gains tomorrow, then we are heading for another bout of volatility with a negative bias.

The immediate support is at 7432 and Nifty must stick its head above this level for any hope for a comeback.

The intraday traders may go long only if it trades above 7432 with volumes in which case they may book profits at 7486. Other wise they may short the Nifty and cover around 7401.

The short-term traders may add long positions in case of weakness with stop loss at 7369.

The mid term investors may consider adding Asian Paints at 858.65 and Nifty BeES at 746.31.

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 for stock picks for Feb 2 2016

The Nifty continues to be bullish as long as it does not break the support of 7520 and so long we are into a positive phase albeit with a bit of gloominess in the wake of the recent breakdown. The next resistances continue to be at those indicated in our weekly post.

The intra-day traders may trade on the long side if the nifty trades above 7566 to book profits at 7625. However, if it trades below 7550, then they may go short to book profit at 7531.

The short-term traders may continue to ride their longs and also add new long positions with stop loss raised to 7468.

The mid-term investors may behave like short term traders and stay nimble footed to offer Asian Paints at 913.15.

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.