Indian Markets for the week August 1 2016 to August 5 2016

The Nifty seems to be on the verge of breakout, the direction of breakout is not clear. The immediate support is at 8611 which if broken will see Nifty test the support of 8552. However, the undertone will remain bullish as long as Nifty holds above 8552. On the upper side the immediate resistance is at 8658 and if this resistance is conquered then the subsequent resistances are at 8685, 8700 and 8735 with a target of 8800.

The day traders may go long if the index trades above 8658 for a target of 8685. They may short the Nifty if it trades below 8645 and cover at 8611 or 8611 as the case may be.

The short term traders may add long positions in case of weakness with stop loss at 8552.

The mid term investors may consider going long in ZEE at 492.15 and 489.70 with strict stop loss at 486 for a possible target of 526.35. The may bid for Yes Bank at 1199 and 1181.55 in small quantities. They may offer Indusind at 1215.15.

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.

Tips on stock picks and trading strategies for July 29 2016

The market in general and Nifty in particular is expected to open on a weak foot although the underlying sentiment is very much bullish.

The day traders may go long if the benchmark index trades above 8658 to book profit at 8686 or 8700 as the case may be. However, if it trades below 8645, they may short the Nifty to cover at 8615.

The short term traders may add long positions in Nifty in case of weakness with stop loss at 8560.

The mid term investors may consider offering Ambuja at 282.45, HDFC Bank at 1268.65 and Yes Bank at 1238.55 and go long in Larsen at 1556.9 with stop loss at 1545 for a possible target of 1650.

Tips on stock picks and trading strategies for July 28 2016

Although the market in general is in a bullish mood but it seems highly unlikely that the July F&O series will expire above 8650, which implies that any gap up or up move will be sold into. Overall the market may stabilize for the day resulting in a dull session.

The day traders may go long if the Nifty trades above 8630 to book profits at 8653. However, if the Nifty trades below 8615 then they may short the index to cover at 8592.

The short term traders may add longs in August series in case of weakness in Nifty with stop loss at 8540.

The mid term investors may consider offering Indusind bank at 1209.75, Ambuja Cement at 282.40 and Yes Bank at 1235.35.

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.

Tips on stock picks and trading strategies for July 27 2016

We hope that the followers of this blog had heeded our advice in our previous post and booked profit in their long positions in the Nifty. markets are expected to be volatile in the next session but by and large Nifty is expected to be in within the 8425 to 8650 range. Chances of expiry of July F&O series on July 28 below 8600 can not be ruled out.

The day traders may go long only if the index trades above 8620 to unwind at 8650. They may short the Nifty if it trades below 8604 to cover at 8564.

The short term traders may consider buying long positions in Nifty in August series if the Nifty weakens further and trades around 8495.

The mid term investors may consider buying Larsen at 1553.25 and Koyak mahindra Bank at 740.10, and 728.85, both the stocks 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 July 26 2016

The market showed extra bullishness in the previous session. Our view is that although the markets in general and Nifty in particular will continue to remain bullish but in the short term the bulls might get trapped as the signals of a possible correction are emanating. So as a matter of caution and in the view of the settlement of July F & O series which is due on July 28, we advise the short term traders to exit their long positions that we had been advising to ride and collect profits at anywhere above 8600.

The day traders may go long only if the Nifty trades above 8600 to unwind at 8625. They may short the Nifty if it trades below 8590 to cover at 8565.

The mid term investors may look for opportunities in case of a correction only in the key stocks we have been recommending in our previous week posts.

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 July 20 2016

The markets in general are expected to consolidate drifting down but overall the sentiment is bullish and chance for people left out of the recent bull run to get in the band wagon.

The day traders may go long if the Nifty trades above 8515 for a target of 8553. However, below 8500 they may short the Nifty to cover at 8451.

The short-term traders may consider going long on Nifty in August series, in case of weakness with stop loss at 8400.

The mid term investors may bid for Yes Bank at 1137.05 and 1097.10, Kotak Mahindra at 755.35, ITC at 241.35, Indusind Bank at 1102.15 and 1084.45, hero Motor at 3171.40, Grasim at 4633.40- all in small quantities and they may also consider offering Ambuja Cements at 267.15 and 270.25 and Lupin at 1749.60.

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 July 19 2016

The day traders may go long in Nifty only if it trades above 8552 for a target of 8610. On the flip side they may short the index if it trades below 8530 to cover at 8380.

The short-term traders may book profits and unwind all their long positions in the index for the July series.

The mid term investors may consider buying the key stocks as indicated in our weekly 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.

Indian Markets for the week July 18 2016 to July 22 2016

The benchmark index in particular and the overall market in general might perform a bit more from here with the immediate support of Nifty being at 8529 and thereafter at 8405, 8180 and 8050. The immediate resistance for Nifty is at 8562 and thereafter at 8590, 8616 and 8662. 

The day traders may go long in Nifty if it trades above 8562 for a target of 8590/ 8616. On the flip side, they may short the Nifty if it trades below 8529 to cover at 8502/ 8492.

The short-term traders may continue trading on long side raising their stop loss to 8460 and start booking profits around 8590, 8616 and 8662.

The mid term investors may consider going long in Ambuja Cement at 261.05 for a target of 269.40 (stop loss at 256.75), Hero Motors at 3192.40 and 3170.90 in small quantities, Indusind Bank at 1114.65, ITC at 247.95 and 241.30 in small quantities, Kotak Mahindra Bank at 769.45 and 755.35 in small quantities and Yes Bank at  1156.55 and 1137.05.

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.

Tips on stock picks and trading strategies for July 15 2016

The day traders may go long in the benchmark index Nifty if it trades above 8545 in the opening hour for a target of 8595 or 8615 as the case may be. However, if it trades below 8527, they may short it to cover it at 8490.

The short-term traders may ride their longs and even add more long positions in the Nifty and raise their stop loss to 8420.

The mid term investors may consider buying Kotak Mahindra Bank at 770.75 for a target of 795.25.

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.

Tips on stock picks and trading strategies for July 14 2016

The day traders may go long if the index trades above 8530 for a target of 8565 with stop loss at 8520. However, if the Nifty trades below 8508, they may short the index to cover at 8484.

The short-term traders may play it on the long side by riding their long positions and adding more longs and raise their trailing stop loss to 8410.

The mid term investors may consider buying Indusind Bank at 1084.45 and Yes Bank at 1125.45.

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 on stock picks and trading strategies for July 13 2016

The immediate support of the benchmark index is at 8499 and the day traders may go long if the Nifty trades above this mark to book profit at 8556. However, if the Nifty trades below 8499, they may short the Nifty to cover at 8475/ 8461.

The short-term investors may ride their longs and even add more in case of weakness in the index with stop loss at 8400.

The mid-term investors may consider buying Yes Bank at 1144.95 for a target of 1178.45.

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 on stock picks and trading strategies for July 12 2016

Contrary to our expectations in our previous post, the Nifty opened gap up and soared to higher levels with bulls in full command. If the Nifty manages to remain above 8382 in the ensuing sessions and the next, then a breakout from the current trading range will be confirmed.

The resistances for the index are at 8490, 8510 and 8555 and the supports are at 8455 and 8382.

The day traders may go long in Nifty if it trades above 8455 for a target of 8490 or 8510 as the case may be. They may however go short if it trades below 8445 to cover at 8405.

The short term traders may consider going long with stop loss at 8350.

The mid term investors may consider buying Ambuja Cements at 259.55 and Indusind Bank at 1110.60 and 1080.45.

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.

Indian Markets for the week July 11 2016 to July 15 2016

The nifty behaved throughout the week very much in expected lines and was unable to conquer the resistance of 8385 (as stated in our previous weekly post ) on closing basis. Unable to surmount the crucial resistance, it weakened somewhat.

The resistance for the week is at 8356 which the Nifty must conquer for bulls to come back into action taking Nifty to higher highs. The support is at 8107.

The day traders may go long if the Nifty trades above 8335 for a target of 8356. They may short the Nifty if it trades below 8320 to cover at 8275.

The short term traders may continue to short the Nifty in case of strength with stop loss at 8256.

The mid term investors may consider buying Kotak Bank at 732.15 and 725.55 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.

Tips on stock picks and trading strategies for July 8 2016

For the benchmark index to resume its bullish move, the Nifty must trade above 8368 in the immediate session. The resistance thereafter is at 8405. On the flip side, the support is at 8107.

The day traders may go long only if the Nifty trades above 8347 in the opening hour with stop loss at 8338 for a target of 8370. They may short the Nifty below 8330 to cover at 8295.

The short term traders may add short positions in the index in case of strength with stop loss at 8405.

The mid term investors may bid for Hero Motors at 3044.75 and offer Lupin at 1782.10 both 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 July 7 2016

The benchmark index could not conquer the resistance of 8385 and therefore weakened in the previous session. The immediate resistance for Nifty is now at 8368 and bulls will return only if this level is crossed with volumes. Otherwise, Nifty will weaken and decline further to the support of 8285. 

The day traders may short the Nifty with stop loss at 8350 to cover at 8285. They may go long only above 8368 for a target of 8390.

The short term traders may continue to short the Nifty at higher levels in small lots.

The mid term investors may consider buying Ambuja Cement at 248.65, Hero Motor at 3068.35, Indusind Bank at 1080.55- 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.

Tips on stock picks and trading strategies for July 5 2016

As stated in our weekly post there does not seem to be much of a headroom from these levels as the signals are indicating that it is mostly the momentum that is pushing the market up north and sooner or later it will get tired. 

The immediate resistance for the day is at 8385 and the day traders may go long only if the benchmark index, Nifty trades above this mark with stop loss at 8375 for a target of 8410. They may however short the index if it fails to hold above 8370 to cover at 8345.

The short term traders may short the nifty at around 8425 in small lots.

The mid term investors may consider buying Ambuja Cement at 248.65.

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 July 4 2016 to July 8 2016

Although the Nifty managed to conquer the crucial resistance of 8243 in the previous week yet the technical parameters of the benchmark index are not as convincing for the bullish move to continue. Moreover there are no leaders too strong to drive it much beyond from here. That being said, 8243 is now the crucial support that must hold for the bulls to be in action.
It may also be kept in mind that the stock exchanges will remain closed on July 6 2016.

The immediate resistance is at 8345 and 8385 and therefore the day traders may go long if the Nifty trades above this mark with stop loss at 8330 for a target of 8380. On the other hand they may short the nifty if it trades below 8320 to cover at 8285.

The short-term traders may, in case of up move add short positions in small lots at around 8400.

The mid term investors may continue selling Asian Paints at 1010.15, Goldman Sachs Bank ETF at 1842.27,  Grasim at 4695.65, Hero Motors at 3199.35 and LICHousing at 509.65- 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