Trading tips and stock picks for November 1 2016

The markets in general and the benchmark index Nifty in particular is expected to be weak in the upcoming session with immediate support for the Nifty at 8599. The resistance is at 8665. If the support of 8599 gets broken then the index will gravitate towards 8545 and 8324. On the other hand, if the resistance of 8656 is conquered then the next resistances are at 8745 and 8792.

The day traders may trade accordingly whereas the short term traders and the mid term investors are advised to 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 and stock picks for October 28 2016

With the settlement over, the markets in the upcoming session are expected to remain week, or at best consolidate, there being no clear cut leaders as most of the leaders taking Nifty up north in the past few months are almost standing at the tipping point below which they might be washed for a while or longer.

The day traders may consider going long in Nifty Futures if the spot Nifty trades above 8600 to book profits when spot Nifty trades at 8649. On the flip side they may short the Nifty futures if the spot nifty trades below 8575 and cover their shorts when spot Nifty trades at 8530.

The short term traders may rather stay away for the day as during Muhurat trading which will be held on Sunday the 30th October, the index tends to be haphazard and then again the markets will remain closed on Novemeber 31.

The mid term investors too may stay away for the day.

Here's wishing all the readers of this blog a very Happy Diwali, the big festival of lights and prosperity. Stay healthy!!

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 and stock picks for October 27 2016

The upcoming session is the settlement day of the F&O series of October 2016 and the tipping point for day traders is at 8623. If the spot Nifty trades above 8623 then the traders may go long in Nifty futures of November series to book profit when the spot Nifty hits 8670. On the flip side they may cover their shorts when spot Nifty hits 8588.

The short term traders may go long in Nifty in case of weakness with strict spot loss at Spot Nifty 8594.

The mid term investors may consider adding LIC HFL at 580.40, Kotak Mahindra bank at 785.80 and Zee at 501.45- 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.

Trading tips and stock picks for October 25 2016

The support for spot Nifty is at 8704, 8684 and 8594. The resistance is at 8724, 8745 and 8792.

The day traders may go long in Nifty futures if the spot Nifty trades above 8710 to book profit when spot nifty reaches 8745. On the flip side, they may short the Nifty futures if spot Nifty trades below 8704 and cover their shorts when spot Nifty reaches 8685. It is reiterated that they may trade in November Futures.

The short term trades may go long in case of weakness in Nifty futures with strict stop loss at 8594 of spot Nifty.

The mid term investors may consider adding Zee at 509.25 and Lic HFL at 594.55 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.

Trading tips and stock picks for October 24 2016

It may be noted that the settlement of F&O series of October 2016 is due on October 27 2016 and on account of the settlement the Nifty is expected to trade within the broad range from 8500 to 8800 in the ensuing week Moreover the Markets will open for Muhurat trading on Sunday, October 30 and will remain closed on October 31. 

The new support for Nifty is at 8669 and 8590 and the resistances are at 8698, 8745 and 8792.

The day traders may go long in Nifty futures if the spot Nifty trades above 8698 and book profit in futures if the spot Nifty is at 8720. They may short the futures if the spot nifty trades below 8669 and cover when spot nifty trades at 8630.

The short term traders may exit all their positions in October series and start forming long positions in Nifty in case of weakness with strict stop loss when spot Nifty trades at 8580.

The mid term investors may consider going long in LIC HFL at 594.55 and Zee at 509.25 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.

Trading tips and stock picks for October 17 2016

The supports for spot Nifty are at 8547, 8325 and 8194. However if the support of 8547, which has hitherto held on closing basis, is breached then the Nifty in particular and the market in general will go into a prolonged period of consolidation with negative bias involving sudden deep cuts and sell offs as it will gravitate towards 8325 and 8194.

On the other hand the resistances for spot Nifty are at 8668, 8705, 8759 and 8805.

The day traders may go long in Nifty if the spot Nifty trades above 8592 for a target of 8622. They may short the Nifty if the spot Nifty trades below 8563 to cover when the spot Nifty is at 8542.

The short term traders may play keeping in mind the resistances and supports indicated ibid.

The mid term investors may consider adding LICHFL at 568.05, Zee Entertainment at 524.35, Kotak mahindra Bank at 752.15 and HDFC Bank at 1240.55- 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.

Trading tips and stock picks for October 14 2016

It was a deep cut in the previous trading session when the benchmark index Nifty went below the rock support of 8547 but the same remained unbroken on closing basis. It remains to be seen if the selling sustains in the next trading session to breach this level. The supports below 8547 are at 8324 and 8194, the prices of our key stocks will become attractive near these levels.

The day traders may go long if the Nifty trades above  8595 for a target of 8640. They may go short if it trades below 8556 to cover at 8532.

The short term traders may go short with stop loss at 8670.

The mid term investors may place bids for HDFC Bank at 1253.80 and 1230.65, Kotak Mahindra Bank at 762.15 and 743.30 and Zee at 521.95- 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.

Trading tips and stock picks for October 13 2016

The immediate support is at 8608 and then at 8695 and 8651. The immediate resistance is at 8730 and then at 8752/8764 and 8810.

The day traders may go long in Nifty Future if the spot Nifty trades above 8730 to book profit when the spot Nifty is at 8760. They may go short if the spot Nifty trades below 8708 to cover their shorts in Nifty Futures when the spot Nifty is at 8680.

The short term traders may raise their stop loss to spot Nifty 8695.

The mid term investors may consider adding Asian paints at 1194.80 and 1182.05, Ambuja Cement at 252.75, HDFC Bank at 1280.70, Hindalco at 152.95, Indisind Bank at 1215.70 and Kotak Bank at 779.10- 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.

Trading tips and stock picks for October 7 2016

The support of 8740 was breached in the previous session yet the next support of 8651 held, which implies that there isn't much cause for worry for the bulls.

The day traders may go long if the benchmark index, Nifty trades above 8730 for a target of 8780. On the flip side they may short the Nifty if it trades below 8720 to cover at 8675.

The short term traders may consider adding long positions in Nifty, in case of weakness and otherwise with strict stop loss at 8675.

The mid term investors may consider adding Ambuja at 245.35, ITC at 228.45 and Zee at 545.75 - 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.

Trading tips and stock picks for October 6 2016

That the support of 8740 was not broken on closing basis bodes well for the market and therefore a fresh bout of an upmove may be expected in the session.  with immediate resistance being at 8780.

The day traders may go long in Nifty if the spot nifty trades above 8765 for a target of 8785. They may however short the index if it trades below the immediate intraday support of 8760 to cover at 8720.

The short term traders may add long positions in Nifty raising their trailing stop loss to 8675.

The mid term investors may consider adding Zee to their portfolio at 553.25.

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.

Trading tips and stock picks for October 5 2016

The bulls seem to be very much in action with the next important resistance being at 8810. The immediate support is at 8754 and then at 8642.

The day traders may go long if the Nifty trades above 8765 for a target of 8790. They may short the Nifty below 8750 to cover at 8720.

The short term traders may add longs with stop loss at 8642.

The mid term investors may consider placing bid for Ambuja Cement at 250.35 and ITC at 238.25.

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.

Trading tips and stock picks for October 4 2016

The immediate resistance for Nifty is at 8764 which if conquered will see it scale the next target of 8810. The new support is at 8627.

The day traders may go long if the spot Nifty trades above 8740 for a target of 8778. They may short the Nifty if the spot Nifty trades below 8730 to cover at 8706.

The short term traders may add long positions in Nifty if it becomes weak with stop loss at 8625.

The mid term investors may consider adding Ambuja Cement at 253.35 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.

Trading tips and stock picks for October 3 2016

The day traders may go long if the spot Nifty trades above 8620 for a target of 8645. The may short the Nifty if the benchmark index trades belwo 8590 to cover at 8565.

The short term traders may keep in mind that the immediate support for Nifty is at 8590 and then at 8547. If 8547 is breached on closing basis with good volumes then the next support is at 8324. On the upside, the immediate resistance is at 8620 and then at 8707, 8764 and 8810. They may keep these marks in mind and play accordingly. 

The mid term investors may consider buying Zee Entertainment at 527.45 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.