Nifty for April 1 2016

The markets are expected to open on a weaker note with immediate resistance at 7750 and immediate support at 7720.

The day traders may go long if the benchmark index trades above 7750 in opening moves to unwind at 7775 and go short if it trades below 7720 to cover at 7685.

The short-term traders may consider going long in HDFC Bank with stop loss at 1030 for a possible target of 1148.

The mid-term investors may consider buying Hero Motors at 2915.15 and 2884.35 in small quantities. They may also consider buying Grasim at 3810.25.

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

Nifty for March 31 2016

The settlement day of F&O series of March 2016 has finally arrived. The fund managers in their concerted effort to boost up their AUMs on a YTD basis along with F&O traders lifted the benchmark index above the 7700 mark. 

What remains to be seen is whether the Nifty stands above 7685, in which case the next resistance is at 7950. However, if it slides below 7685 then it will head towards the support of 7643, which if broken will see it gravitate towards 7536.

The day-trades may go long if it trades above 7700 to book profit at 7770. However, if it trades below 7685 then they may short Nifty to cover at 7645.

The short-term traders may consider booking their profits, in case if they had gone long as per our advise in Nifty in April series and go long in case of weakness.

The mid-term investors may consider exiting their positions in Asian Paints successively at 899.25 and 913.75. They may also sell Goldman Sachs Nifty ETF at 807.74. They may consider buying Grasim at 3808.45 and Hero motors at 2892.55 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

Nifty for March 30 2016

The market in the previous session behaved very much in expected lines in view of the settlement of F&O series of March which is due on March 31 2016. It remained volatile bobbing up and down and up and down before closing at almost near the lowest point.

The day traders may go long only if the Nifty stands above 7630 to book profit at 7650. They may short Nifty if it trades below 7610 to cover at 7570.

The short term traders may consider taking long positions in Nifty for April series in case of weakness with stop loss at 7536.

The mid-term investors may consider buying Grasim at 3745 and 3720 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

Nifty for March 29 2016

As envisaged in our weekly post, the settlement blues did set in to arrest the six day continuous gain wiping off the three day profits of previous truncated week. 7755 indeed is a tough resistance to surmount as Nifty slid after touching 7749.4.

The new intermediate resistance now stands at 7690 and immediate support is at 7605.

The day-traders may play it on the short side if Nifty trades below 7605 to cover at 7555. However, if the Nifty trades above 7650, then they may go long to unwind at 7680.

The short term traders may consider going long in April series in case of weakness with stop loss at 7536 for a target of 7680.

The mid-term investors may consider selling Goldman Sachs Nifty ETF at 788.32 and Asian Paints at 882.10 in small quantities. They may also consider buying LIC Housing Finance in small quantities, in case of weakness with strict stop loss at 460 for a possible target of 491.90 and Asian Paints at 834.55.

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

Nifty for the week March 28 2016 to April 1 2016

A word of caution is advised on account of the expiry of F&O series of March 2016, which is due on March 31 2016, which may bring about a bit of volatility and also an abrupt ending to the recent bullish surge. However, we continue to maintain that 7755 will continue to be a tough resistance for Nifty, which if broken conclusively, will see the benchmark index chase the next successive resistances of 7950, 8070 and 8245. The immediate support is at 7690 and 7525 and then finally 7170.

The day traders may go long with stop loss at 7700 to unwind at 7745. However, if the Nifty trades below 7690, then they may short the Nifty to cover at 7665.

The short-term traders may continue to ride their longs with the target of 7755 at which point they may book profit. They may only add fresh longs if the Nifty manages to stay above 7795 on closing basis with new stop loss at 7740 for the next target of 7950.

The mid-term investors may sell their positions in Goldman Sachs Nifty ETF successively at 798.87, 807.74 and 813.31 in small lots. They may also consider buying Asian Paints at 834.55 for the target of 883.40.

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

Nifty for the week March 21 2016 to March 23 2016

The upcoming week, it may be noted, is a truncated week as the markets will remain closed on March 24 2016 and March 25 2016 and will sit poised for the settlement of F&O March series, which is due on March 31 2016. With the fund managers mostly worried about jacking up their NAVs, the outcome of so many factors, makes the direction of markets unclear. 

However, the benchmark index may continue with its upward climb as long as it remains above 7534 with a possible target of 7755. Bears will take charge only if it slides below 7480.

The day traders may go long in Nifty with stop loss at 7570 to book profit at 7638. However if Nifty drops below 7570, they may short it to cover at 7545.

The short-term traders may ride their longs and add more long positions with stop loss at 7480 for the target of 7735 and 7755.

The mid-term investors may continue to sell on rise. They may offer Asian Paints at 906.5 and 914.85 and Goldman Sach's Nifty ETF at 784.77 and 798.33.

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

Nifty for March 17 2015

The day traders may go long in Nifty if it trades above 7515 to unwind at 7445. However, if it trades below 7470, then they may short Nifty to cover at 7435.

The short-term traders may add longs in case of weakness with stop loss at 7435 for a possible target of 7600. 

The mid- term investors may stay away for a while other than selling key stocks on rise as indicated in our previous 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.

Nifty for the week March 14 2016 to March 18 2016

The followers of this blog might have noticed how our resistance of 7535, indicated in our previous post remained unconquered on closing basis. However, the market still seems to be in a somewhat bullish mode and if the resistance of 7535 is conquered then our next resistance is at 7750. The supports are at 7480 which if breached will see Nifty retrace its way to 7100.

The day traders may go long if the Nifty trades above 7504 with stop loss at 7485 to unwind at 7545. However below 7485 they may short the Nifty to cover at 7468.

The short term traders may go long only if Nifty trades above 7535 to ride it till 7685. Otherwise they may short Nifty with stop loss at 7535 to ride it till 7385.

The mid term investors may sell on rise. They may consider offering 10% of their holdings in Asian Paints successively at 909.85 and 916.05.

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.

Nifty for the week March 8 2016 to March 11 2016

If the benchmark index opens and stays above 7482 mark then the traders are advised to go long on Nifty with stop loss at 7465. The intra-day traders may unwind their longs at 7512 and the short-term traders may ride their longs for a possible target of 7535, which if conquered then the next target will be at 7750.

The mid-term investors may sell Asian Paints in trenches of 10% in every rise at 896.5, 903.2 and 916.15.

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.

Nifty for 3 March 2016

The market has given a push up for the bulls but still we are apprehensive about nifty as there are no clear leaders, technically. This continues to be a sell on rise market because profit bookers are just about calculating their profit minus the brokerage.
The immediate resistance is at 7395 which if concurred will see Nifty to soar to around  7505 levels, not 7505.
The intraday traders are advised to go long with stop loss at 7350 to unwind at 7425.
 with stop loss at 7325.
The short term traders are advised to go long with stop loss at 7120 with a possible target of 7440.
The mid term investors are advised to sell at rise due to no leaders of Nifty. They may consider selling Nifty ETF at 765.14 and Asian Paints at 897.45 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.