Tips on stock picks and trading strategies for June 30 2016

A word of caution is advised to traders; today being the settlement day of F&O June series. 

The immediate resistance for Nifty is at 8246 and immediate support is at 8178 and 8116.

The day traders may go long if it trades above 8195 for the target of 8246. However, if it trades below 8178  then they may short Nifty to cover at 8139.

The short term traders may make short positions in July series in case of a rise.

The mid term investors may consider selling Hero Motors at 3284.35 and Nifty ETF at 838.56.

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 June 29 2016

With the settlement of F&O June series due tomorrow, the market may tend to be volatile yet we expect it to broadly remain within 8000 to 8300 range. It might however rise further on the whole but that too on account of settlement. Otherwise, as of now there are no clear leaders in the bullish pack.

The day traders may go long if the benchmark index nifty trades above 8135 with stop loss at 8120 for a target of 8166, However, if it trades below 8090 then they may short the Nifty to cover at 8060.

The short-term traders may buy in gap down and sell into gap ups. The immediate resistance is at 8150 and support is at 8010.

The mid term investors may place bids for Hero Motors at 2998.65 and 2975.55, Goldman Sachs Bank ETF at 1751.32 and 1721.95, Indusind at 1066.05 and Yes Bank at 1041.15- 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.

Tips on stock picks and trading strategies for June 28 2016

The immediate resistance for the Nifty is at 8150 and unless the benchmark index conquers it conclusively, the markets in general are expected to remain weak. However, with the settlement of F&O series of June due on the coming Thursday, chances of volatility can not be ruled out. 

The direction in today's session depends upon which side of 8090, the nifty trades.

The day traders may go long if Nifty trades above 8190 for a target of 8130 and short if it trades below 8070 to cover at 8045.

The short term traders may go long with stop loss at 8000.

The mid term investors may place bids for Yes Bank at 1067.55, Indusind Bank at 1066.65 and Hero Motors at 3022.45 and 2995.40- 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.

Indian Markets for the week June 27 2016 to July 1 2016

There was a sudden sell off in the previous session but inspite of the heavy supply pressure, we maintain that the Nifty in particular and the market in general will continue to be in its bullish mode as long as the key support of 7937 is breached on closing basis. However, the followers of this blog may keep it in mind that the settlement of F&O June series is due on June 30 and may therefore trade this time round as if they re walking on a land mine as many stop losses got triggered in the previous session. The chances of much loss from here though possible is less likely. 

The immediate resistance is at 8148 which if conquered may see Nifty climb up north steadily with the next resistances at 8212.

On the flip side if the support of 8035 gets breached then it will slip towards 7990 and then to 7937.

Day traders may go long with stop loss at 7990 for the target of 8150. However, below 7990 they may short the Nifty to cover at 7937.

Short-term traders may start making contrary positions ie go long on weakness and unwind longs on strength as well as go short on strength and cover on weakness. They may trade only in July series.

The mid term investors may make most of the buying as long as the blood bath continues.

 The may plae bid for Goldman Sachs Bank ETF at 1726.57, 1705.64 & 1688.51, Hero Motors at 3001.55, Indusind Bank at 1062.05, 1024.35 and 1008.65 and Yes Bank at 1069.65, 1047.40, 1025.20 and 108.45- 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.

Tips on stock picks and trading strategies for June 24 2016

The Nifty must trade above 8250 to remain in its bullish mode and day traders as well as short term traders may go long with stop loss at 8225. The resistance will be at 8335 and 8380. However, the markets will remain weak if the index trades below 8203 with immediate support at 8155. 

However, a gap up may be sold into but the same may be covered intra day.

The mid term investors may consider selling LIC Housing at 506.35 in small quantity.

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 June 23 2016

The immediate resistance for Nifty is at 8216 and the immediate support is at 8171. The direction of market is not clear and mostly will depend on whether it trades above 8216 in which case the traders may go long with stop loss at 8198 for a target of 8250 or 8285. If it trades below 8171 then they may short the nifty to cover at 8158 or 8120.

A word of caution is advised for the day on account of the settlement of F&O series of June, which expires on June 30 2016 and the jitters of which are expected to begin today itself. The short term traders may exit all their positions in June series and start trading in July series.They may go long in July series at around 8120 with stop loss at 8100 and go short around 8280 with stop loss at 8300 , i.e. play in the narrow trading band of 8120 to 8280; albeit in July series.

The mid term investors may consider adding Indusind bank at 1074.35 and Goldman sachs Bank ETF at 1760.89 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.

Tips on stock picks and trading strategies for June 22 2016

For as long as the benchmark index, Nifty trades above 8120, we consider the market to be in a consolidation phase waiting for some leading sector like Banks to trigger the bulls. However, if it slips below the key support of 8120, then the market in general will turn weak and head towards the target of 7937, even if not in a hurry.

On the other hand the immediate resistance is at 8236 and day traders may go long  only if it trades above this point with stop loss at 8220 for a target of 8285. However below 8220, they may short the Nifty to cover at 8195.

The short-term traders may ride their longs and add new longs in case of eakness with stop loss at 8120 for a target of 8285.

The mid term investors may consider selling 10% of their holdings in LIC housing at 497.40 and buying Goldman Sachs Nifty Junior exchange traded fund at 199.71 and Hero Motors at 2992.65 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.

Tips on stock picks and trading strategies for June 21 2016

The benchmark index turned bullish towards the end of the previous session and one may expect the Nifty to continue in its up move as long as it holds above 8190. However in case of weakness the support is at 8159 and 8139. The resistance on the other hand is at 8271 and 8328.

The day traders and short term traders may trade accordingly.

The mid term investors may consider adding Goldman Sachs Bank ETF at 1783 amd 1769 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.

Indian Markets for the week June 20 2016 to June 24 2016

The immediate resistance for the benchmark index is at 8160 and the immediate support is at 8120. the direction of the market mostly will depend on which side of the above mark the Nifty trades. It will remain bullish above 8160 and bearish below 8120. However, we expect a bullish start but unles and until there is buying in the banks which are the only leaders in the market, one may expect the profit booking to set in in the market at around the index levels of 8240 and 8320.

On the flip side, if the Nifty trades below 8120 consistently with good volumes and on closing basis on more than one occasion, then bears will take command and there may be a sudden meltdown with the lower limit being around 7937.

The day trades and short term traders may trade accordingly. Short term traders may also consider going long in Zee with stop loss at 435 for a possible target of 475.

The mid term investors may consider buying Yes bank at 1053.05, Hero Motors at 2974.35 and 2753.85 and Grasim at 4254.30 and 4134.55- 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.

Indian Markets for the week June 13 2016 to June 17 2016

As expected, the resistance of 8243 did hold although in a few occasions the Nifty did manage to surpass it. The immediate resistance is now at 8244 and the bulls will come to fore only if the Nifty manages to trade above 8244 above which the resistances are at 8304, 8345 and 8380.

The support is at 7935 and unless the index trades above 8200, we expect nifty to gradually gravitate towards 7935 in the coming sessions. However, if it trades above 8200 then the resistances are at 8244 and then at 8304, 8345 and and 8380.

The day traders and short-term traders may trade accordingly.

The mid term investors may consider adding HDFC Bank at 1155.75 and 1102.05.

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.

Indian Markets for the week June 6 2016 to June 10 2016

Very much in expected lines, the resistance of 8243 did hold in the previous session as the selling pressure pushed the Nifty as well as the key stocks down south.

8243 continues to be an important resistance and if the Nifty conquers it with good volumes on closing basis, then the next resistances are at 8320 and 8516.

The immediate support is at 8183 which if broken may see Nifty tumble down to 8165, 7924 and 7901, though chances of a meltdown are less likely. 

The index may either continue to march with bulls or at best consolidate with a positive bias.

The day-traders may go long if the index trades above 8230 to unwind their longs at 8275. If the Nifty trades below 8200, they may short it to cover at 8183.

All the gap ups may be sold into and all the gap downs may be bought into.

 The short-term traders may go long only (i) if Nifty conquers the resistance of 8243; in which case they may open fresh long positions with stop loss at 8243 or (ii) if Nifty weakens; in which case they may open long positions with stop loss at 8165 for the target of 8243.

The mid term investors may consider adding banks to their portfolio in case of weakness. They may bid HDFC Bank at 1156.85 and 1101.65, Indu Sind Bank at 1067.65 and 1021.45 and Yes Bak at 1032.75 and 1001.65 in small quantities.

They may also consider selling Goldman Sachs Nifty ETF at 842.53 and 856.37 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.

Indian Markets for June 3 2016

The Nifty continues in its upward trend very much in expected lines and it is quite likely that the bulls are here to stay for a while. The key point is to see if the resistance of 8243, which if conquered will see Nifty to move up north in jumps. But it cannot be said with certainty whether the resistance will be conquered today. The immediate supports for Nifty are at 8180, 8160 and 8095.

The day traders may go long if the index trades above 8200 to unwind the longs at 8240.

The short-term traders may add longs with stop loss at 8160 in case of weakness and are advised to close all their long positions around 8243.

The mid term investors may consider adding Yes Bank at around 1023.05 and 997.10.

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.

Indian Markets for June 2 2016

The markets yet again remained inconclusive as far as the immediate is concerned. Otherwise it continues to be in an uptrend.

The day traders may go long if the Nifty trades above 8198 with stop loss at 8185 to unwind at 8233. They may however short the Nifty if it trades below 8165 with stop loss at 8190 to cover at 8125.

The short-term traders may continue to play on the long side with stop loss at 8100. In case of weakness in ITC, they may consider going long with stop loss at 338.

The mid-term investors may consider buying Zee at 440.30 and 419.35 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.

Indian Markets for June 1 2016

The markets were inconclusive in the previous session and therefore nothing can be stated with precision regarding the immediate direction of move in today's session. However, the market as a whole continues to be in an uptrend with the banking sector expected to outperform again, albeit after a little bit of cooling.

The day traders may go long in Nifty only if it trades above 8170 with a target of 8200. if it trades below 8150 then they may short the market to cover at 8103. However, they may stay away if it opens gap up and watch where it trades after an hour or so.

The short-term traders may add long positions for a possible target of 8240 with stop loss at 7900.

The mid-term investors may consider placing bid for ITC at 338.35, 33.80 & 328.20 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.