Tips on stock picks and trading strategies for September 1 2016

The day traders may go long in Nifty if it trades above 8810 for a target of 8825 or 8850. On he flip side they may short the Nifty if it trades below 8776 to cover at 8755.

The short term traders may consider adding long positions in Nifty in case if it weakens and drops to sub 8700 levels, with stop loss at 8640.

The mid term investors may consider selling Hindalco at 162.20.

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 Aug 30 2016

The Nifty showed a positive bounce back in the previous session but the comeback of bulls will be established only after it conquers the resistance of 8656 on a conclusive basis with good volumes.

The day traders may go long in Nifty if it trades above 8630 for a target of 8665. On the flip side, they may short the Nifty if it trades below 8590 to cover at 8575.

The short term traders may go short in Nifty if it trades below 8570. On the other hand they may go long in Nifty if it trades above 8670. They may also consider going long in Zee Entertainment with a stop loss at 513 for a possible target of 550.

The mid term investors may consider adding Indusind Bank at around 1143.85.

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 August 29 2016 to September 2 2016

The immediate support for the benchmark index, the Nifty is at 8560 which if broken will see it slide down to 8455 and then 8233. On the other hand, the immediate resistance is at 8639 and then at 8689 and 8755.

The day traders may go long in Nifty if it trades above 8590 for a target of 8630. However, if it trades below 8561, they may short the index to cover at 8540.

The short term traders may short the Nifty if it breaks the support of 8556 with stop loss at 8565.

The mid term investors may consider buying Ambuja Cement at 256.35.

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 Aug 26 2016

The settlement blues did set in in the previous session as the benchmark index slid down after an initial rise and the followers of this post, especially the day traders, must have profited in both directions as opportunity was there in both sides.

The Nifty is expected to cover its losses in the next session if it manages to trade above 8620. Otherwise the supports are at 8572 and 8455.

The day traders may go long in Nifty if it trades above 8620 for a target of 8645. On the flip side they may short it if it trades below 8600 to cover at 8556.

The short term traders may add long positions in Nifty in case of weakness with stop loss at 8550.

The mid term traders may consider buying Hindalco at 151.55 and Zee Entertainment at 507.35.

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 Aug 25 2016

The settlement is expected to end on a cool note without much of a volatility. 

The day traders may go long in Nifty if the index trades above 8652 for a target of 8665 and, if it stays above 8665 for a few moments, then they may play it till 8680. On the flip side they may short the Nifty if it trades below 8636 to cover at 8605.

The short term traders may continue to add long positions in Nifty in September series with stop loss at  8550. 

The mid term investors may consider adding Ambuja Cement at 264.45 and selling Zee Entertainment at 529.45 and 532.15.

 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 Aug 24 2016

The benchmark index in particular and the overall market in general behaved very much in expected lines and Nifty traded in a tight range with no damage. 

The day traders may go long in Nifty if it trades above 8620 for a target of 8650. On the flip side they may short the index if it trades below 8615 to cover at 8603. However if Nifty trades again above 8660 they may [lay it on long side till 8682 and 8702.

The short term traders may go long in Nifty for the September series, in case of weakness with strict stop loss at 8455.

The mid term investors may consider selling Zee Entertainment at 532.15.

 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 Aug 23 2016

As the settlement day nears, the range of Nifty has narrowed down to 8600 on lower side and 8700 on upper side and if either of these is broken, there will be a large upset. The upside break will see short covering that will propel Nifty towards 8800 in a hurry. Similarly if the Nifty breaks the 8600 support it will see a sharp sell off to 8500.

The day traders may go long if the Nifty trades above 8657 for a target of 8670. However if it trades below 8627, they may short the Nifty to cover at 8600.

The short term traders may consider going long in Ambuja cement with stop loss at 269 for a target of 280.20.

The mid term investors may consider buying Zee Entertainment at 496.80 and 493.85 and Hindalco at 151.55 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. 

Indian Markets for the week August 2016 to August 19 2016

The settlement of the August F&O series is due on the coming Thursday, August 25 and with that in mind one may be careful as chances of volatility setting in and catching one off guard cannot be ruled out. Although the Nifty covered most of the lost ground last week and closed in the bull territory but the broad range of Nifty is expected to remain between 8500 on the lower side and 8800 on the upper side. 

The day traders may go long if the Nifty remains above the 8677 mark for a target of 8694. On the flip side they may short the Nifty if it trades below 8655 to cover it at 8636.

The short term traders may close all their positions in the current series and start building long positions in Nifty if Nifty happens to weaken with stop loss at 8556.

The mid term investors may consider offering Ambuja Cement at 283.35, Indusind at 1226.65 and Hindalco at 164.45 and buy HDFC Bank at 1229.55 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 Aug 19 2016

The day traders may go long in Nifty if it trades above 8680 for a possible target of 8723/ 8769. On the flip side they may short the Nifty if it trades below 8635 to cover at 8595.

The short term traders may go long in Ambuja Cement with stop loss at 269 for a possible target of 279.

The mid term investors may consider buying ITC at 248.55 and 244.35 in small quantities. They may also consider selling Indusind at 1222.65.

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.

Tips on stock picks and trading strategies for Aug 18 2016

The immediate support for the benchmark index, Nifty, in the upcoming session is at 8613 and the day traders may short the Nifty if it trades below this mark to cover at 8595. On the flip side, they may go long in Nifty if it trades above 8642 for a target of 8675.

The short term traders may consider adding Hindalco for a possible target of 164.65 with stop loss at 145.

The mid term investors may consider adding Indusind Bank at 1143.45 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 Aug 17 2016

The nifty struggled to cross the resistance of 8656 and finally weakened failing in its attempt. The support is now at 8620 and 8595. On the flip side the resistance is at 8652/ 8656.

The day traders may go long in Nifty if it trades above 8642 for a target of 8670. They may on the other hand short Nifty if it trades below 8620 to cover at 8595.

The short term traders may consider going long in Hindalco with stop loss at 145 for a possible target of 164.65.

The mid term investors may stay on the side lines.

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 August 16 2016 to August 19 2016

The tug of war in the last session ended in favor of bulls with the benchmark index closing above 8656. Now the immediate support is at 8656 which if broken will see Nifty to fall down to the next support of 8595. However if 8656 is not broken then the resistances for Nifty are at 8705, 8735, 8749 and 8780.

The day traders may go long if the nifty trades above 8656 for the target of 8705. They may however short Nifty if it trades below 8653 to cover at 8632.

The short term traders may go long with stop loss at 8650.

The mid term investors may stay away for the day as no clear picture is emerging.

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 Aug 12 2016

There was a bit of bounce back in the previous session and a little bit of strength is expected in today's session but it will remain a sell on rise market unless and until the benchmark index Nifty trades conclusively with good volumes above 8656. The immediate support is at 8562 below which the bears will take control. Hence as for today, the action may be construed as a tug of war between bulls and bears within the range 8562 to 8656. Bulls will take charge if they pull it beyond 8656 which will bring about a round of short covering pushing Nifty further up north.

The day traders may go long if the Nifty trades above 8577 for a target of 8636. Otherwise they may short the index to cover at 8555.

The short term traders may go long if it trades above 8656 and go short if it trades below 8562.

The mid term investors may consider selling on 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.

Tips on stock picks and trading strategies for Aug 11 2016

The immediate support of 8641 was breached in the previous session and therefore the bears have won an edge in the current tug of war. The Nifty is expected to loose some more ground but whether the bulls will make a comeback depends mostly on the support of 8455. The rock support for the current bullish bias is at 8233. If 8233 is taken out then the market will weaken and give up majority of its gains with no hope for the bull camp.

The day traders may go long only if the benchmark index trades above 8615 for a target of 8660. Otherwise they may short the index to cover at 8530.

The short term traders may utilize any rise to sell their long positions, ie if they still have longs and start making short positions with stop loss at 8675.

The mid term investors too may start selling all the key stocks we had advised them to buy and hold in every rise. The market, as of now, doesn't look like being in a buy in dips kind of trend.

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 Aug 9 2016

The Nifty is in a bullish mood as it absorbed all the profit booking pressure and closed above 8700. The immediate support is at 8641 and the index will continue in its upward march if it manages to remain above 8641.

The day traders may go long if the Nifty trades above 8715 for a target of 8736 or 8753 as the case may be. On the flip side they may short the index if it trades below 8705 to cover at 8685.

The short term traders may add longs in Nifty with stop loss at 8600. They may also consider going long in Hindalco with stop loss at 143 for a possible target of 162.25 which we will revise if it remains bullish in a subsequent post. But stop loss should be strictly adhered to.

The mid term investors may consider buying ITC at 246.15 and Yes Bank at 1257.05 and 1248.70 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 August 8 2016 to August 12 2016

The Nifty bounced back above the resistance of 8642 thereby attracting bulls in the coming sessions subject to the benchmark index treading above the immediate support of 8580 in which case the next target should be 8716, 8745 and 8822. However, if the Nifty again breaks the support of 8580 then one may expect an all out weakness with further supports being at 8445 and 8225.

The day traders may go long in Nifty if it trades above 8655 for a target of 8696. They may however short the Nifty if it trades below 8625 to cover at 8585.

The short term traders may buy into weakness in Nifty with stop loss at 8580.

The mid term investors may consider selling Indusind bank at 1208.65.

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.

Tips on stock picks and trading strategies for Aug 4 2016

The Nifty did indeed tank as expected and unless there is a bounce back in the upcoming session, with the support of 8566 breached, we are headed towards 8450. If 8450 is taken out then one may mark the end of the current bull phase and the market will slip into the hands of bears for a short time and all trades will have a negative bias with steep cuts and deceiving bounce backs. The supports thereafter are at 8226 and 8096.

The day traders may short the Nifty if it trades below 8533 to cover at partially at 8505 and then if possible at 8470. They may play long only if it trades above 8570 for a target of 8590.

The short term traders may start building short positions in case of bounce backs with stop loss at 8642.

The mid term investors may wait on the side lines as we believe that quality stocks will be available at attractive rates after a session or two. If any opportunity arises intra-day, they may look for this space.

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 Aug 3 2016

The benchmark index, Nifty has weakened in the near term and the immediate resistance is at 8640 and then 8665. The immediate support is at 8591. A breach of support of 8591 will attract bears who will make Nifty test the support of 8566 and 8450. However, if the Nifty trades above 8665 with good volumes, the chances of which are remote, then bulls will return taking it to new 52 week highs.

The day traders may short the Nifty if it trades below 8527 to cover at 8566. They may however consider going long if it trades above 8630 for a taregt of 8640 and 8665.

As for the short term traders, we presume that they must have un-winded all their long positions in Nifty in the previous session as per our advice in our previous post. If they haven't already then they might as well book profits in their long positions in Nifty at around 8640 or thereabouts and wait and watch for the day.

The mid term investors may stay on the side lines before a clear picture emerges. We presume that they have already sold out all the stocks we had advised them to sell from time to time.

Tips on stock picks and trading strategies for Aug 2 2016

As we had mentioned in our weekly post, a breakout did come in the previous session The sudden sell off in Nifty has weakened it considerably and the day traders may consider going long in the bench mark index only if it trades above 8620 for a target of 8645 and 8665. They may short the Nifty if it trades below 8605 to cover at 8583.

The short term traders may add further long positions in Nifty in case of weakness and raise their trailing stop loss to 8566. They may however consider booking profits at around 8665 and 8700 levels.

The mid term investors may consider buying Ambuja cement at 261.85. They may also consider getting out of Larsen and Toubro, in case they bought some recently by booking loss at whatever price they can get. Chances of its breaking out in positive ground are remote.

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.