Stock picks and trading tips for Nov 29 2016

The Nifty will remain bullish if it trades above 8136 in which case the resistances will be at 8165 and 8193. It will remain weak if the index trades below 8110 in which case the supports will be at 8080. The day traders may play accordingly.

As for the short term traders the supports are at 8097, 8026 and 8004 and the resistances are at 8136, 8338, 8424 and 8520. If there will be a bullish activity then the Nifty will be stopped at 8520. 

The mid term investors may consider going long in Zee with stop loss at 450 for a target of 525.55.

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.

Stock picks and trading tips for the week Nov 28 to Dec 2 2016

Our outlook for Nifty is that in order for the Nifty to remain bullish on Nov 28, it must stay above 8071 in which case it will encounter intra-day resistances at 8165, 8217 and 8310. Likewise, if it fails to trade above 8071, the immediate intra-day supports at 8020. Intra-day traders may trade accordingly.

For the short term traders, the supports for the Nifty are at 8017 and 7995 and the resistances are at 8338, 8424, 8467, 8520 and 8567. 

The mid term investors may consider adding ITC at 226.15, HDFC Bank at 1171.45. Our revised target for Hindalco is at 192.65 with supports at 177.95, 175.45 and 172.05 and resistances at 183.95, 187.35 and 189.85. So one might consider adding Hindalco in case of weakness in the counter with stop loss at 167.

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 November 15 2016

The immediate support for Nifty is at 8230 and 8194. The resistance for the index is at 8393 and 8420.

Although the index is expected to remain weak but still the day traders may go long in Nifty if the spot Nifty trades above  8350 for a target of spot Nifty of 8382. On the flip side they may short the Nifty if it trades below 8300 for a target of 8273.

The short term traders may consider going long in Hindalco Industries with stop loss at 171.10 for a target of 183.45.

The mid term investors may consider placing bids for ITC at 238.05 and 227.55 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 November 11 2016

The day traders may go long only if the spot Nifty trades above 8545 for a target of 8565. They may short the Nifty if it trades below 8520 to cover at 8495.
The short term traders may go long in Nifty if it weakens with stop loss at 8420.
The mid term investors may consider adding  Hindalco at 163.05.
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.

Trading tips and stock picks for November 10 2016

If the spot Nifty trades above 8420 then the Nifty will test the resistance of 8456 and 8499. on the flip side if the spot Nifty trades below 8400 it will gravitate towards 8324.

The day traders may trade accordingly.

The short term traders may consider buying Nifty 8600 Call and 8300 put.

The mid term investors may consider buying Kotak M Bank at 801.55 and ITC at 244.85.

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.

Trading tips and stock picks for November 9 2016

The day traders may go long in Nifty futures if the spot Nifty trades above 8535 to book profit when the spot Nifty is at 8570. They may short Nifty futures if the spot Nifty trades below 8510 to cover their shorts when the spot Nifty trades at 8465.

The short term traders as well as mid term investors may consider staying on sidelines in the session. They may look sharp for this blog as we will advice during the session if an opportunity arises.

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 November 8 2016

The immediate resistance for Nifty is at 8572 and ten at 8608 and 8651. On the flip side the support is at 8452 which if breached will see the index slide towards 8324.

The day traders may go long in Nifty futures if the spot Nifty trades above 8505 to book profit when the spot Nifty trades at 8539. They may however short the futures if the spot Nifty trades below 8595 to cover them when spot Nifty is at 8460.

The short term traders may consider going long in ITC with stop loss at 253.50 for a target of  266.85.

The mid term investors may consider adding LIC Housing Finance to their portfolio at 537.40 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 November 4 2016

The day traders may go long in Nifty futures if the spot Nifty trades above 8500 to book profit when it reaches 8521. They may short the Nifty futures if the spot Nifty trades below 8479 and book profit when the spot Nifty reaches 8478.

The short term traders may continue playing on  short side lowering their stop loss to spot Nifty's 8601.

The mid term investors may consider adding LIC HSG Fin at 544.65 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 November 3 2016

The day traders may go long in Nifty futures if the spot Nifty trades above 8532 to book profit when the spot Nifty trades at 8560. They may however short the Nifty futures if the spot Nifty trades below 8510 to cover when spot Nifty trades at 8480.

The short term traders may play it on the short side with stop loss at spot Nifty's 8615 for a target of spot Nifty's 8325.

The mid term investors may consider buying Birla SL Frontline equity (G) and SBI Blue chip fund (G) on every drop in Nifty.

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 November 2 2016

Our view of the market remains just like it was in our previous post i.e. 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 consider going long in Nifty futures if the spot Nifty trades above 8640 to book profit when spot Nifty trades at 8667. They may however consider going short in Nifty futures if the spot Nifty trades below 8635 to cover when the spot Nifty is at 8603.

The short term traders and mid term investors may continue to wait and watch in the sidelines as no clear picture is emerging as yet.

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.