Stock picks and trading tips for Dec 21 2016

The day traders may short Nifty futures if the index trades below 8073 to cover at 8055. They may go long in Nifty futures if the index trades above 8095 to unwind at 8120.

The short term traders may trade considering the resistances and supports mentioned in our previous post. 

The mid term investors may consider buying Hindalco at  161.70 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.

Stock picks and trading tips for Dec 20 2016

The day traders may short the Nifty futures if the index trades below 8110 to cover when it is at 8075. They may go long in the Nifty futures if the index trades above 8133 to book profit when the index is at 8155.

As for the short term traders, the supports are at 8075 and 8053. If 8053 is breached then one might as well be prepared for another bout of sell off. The resistances are now at 8133, 8206.

The mid term investors may stay on the side lines and park their funds in mutual funds listed in our previous 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.

Stock picks and trading tips for the week Dec 19 2016 to Dec 23 2016

We are not out of the woods yet and the weakness is expected for a bit longer before things will turn for better.The benchmark index has been trading within the narrow trading range of 8250 on the upper side and 8150 on the lower. However, there may be a breakout from the current range (the direction yet unclear) or there will be a wider range from the immediate session.

The day traders may go long in Nifty futures if the index trades above 8170 for a target of 8219 of spot Nifty. They may short the Nifty future if the index trades below 8138 to cover when the index is at 8112.

The resistance is at 8219, 8338 and 8467. The support is at 8140, 8075 and 8053. The short term traders may trade accordingly.

The mid term traders may consider buying in Birla SL Frontline Equity (G) and SBI Blue Chip Fund (G) with an investment horizon of three years.

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 Dec 16 2016

The technical parameters of the market do not augur well for the index in particular or the market in general in the immediate future. Even if short covering may bring about a rise in the index in immediate term. The support for Nifty is at 8140 and 8075/8043. The resistance is at 8188, 8217 and 8338. 

The day traders may short Nifty futures if the index trades below 8160 to cover at 8108. The may go long in Nifty futures if the index trades above 8188 for a target of 8212.

The short term traders may consider the Nifty as a sell on rise in the immediate future unless it conquers the resistances specified ibid. 

The mid term investors may consider buying Hindalco at 173.60 in small quantitiy.

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 Dec 15 2016

The day traders may go long in Nifty futures only if it trades above 8205 to book profit when it reaches 8219. They may short the Nifty futures if the index trades below 8183 to cover when the index is at 8155.

The short term traders may keep in mind the resistances of 8338, 8424 and supports of 8140 and 8065 and trade accordingly.

The mid term investors may consider buying Hindalco at 173.60 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.

Stock picks and trading tips for Dec 14 2016

The day traders may consider going long in Nifty futures if the index trades above 8230 to book profits when the index is at 8262. They may short the Nifty futures if the index trades below 8200 to cover when the index is at 8183.

The short term traders may keep in mind that the resistances for Nifty are at 8338, 8424, 8467 and 8520. The supports are at 8152, 8140, 8075 and 8053. They may trade accordingly. 

The mid term investors may consider buying Hindalco in small quantities at 173.60.

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.

Stock picks and trading tips for the week Dec 12 2016 to Dec 16 2016

The day traders may go long in Nifty futures if the spot Nifty trades above 8265 to book profit at 8292 or 8310 as the case may be. They may however short the Nifty futures if the spot Nifty trades below 8255 to cover when the spot Nifty trades around 8226 or 8211 as the case may be.

The short term traders may keep in mind that the resistances for Nifty are at 8338, 8424, 8467 and 8520. The supports are at 8152, 8140, 8075 and 8053. They may trade accordingly. 

The mid term investors may consider adding LIC Housing at 558.45 and Zee at 444.85- 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.

Stock picks and trading tips for Dec 9 2016

The day traders may go long in Nifty futures if the spot Nifty trades above 8218 to book profit when the spot Nifty touches 8252. They may short Nifty futures if spot nifty trades below8210 to cover when the pot Nifty is at 8180. 

The resistance is now at 8337 and support at 8145. The short term traders may trade accordingly.

The mid term investors may consider going long in LIC housing finance with stop loss at 558 for a target of 589.15.

Stock picks and trading tips for Dec 8 2016

The intraday traders may go long if the benchmark index trades above 8147 to book profits when the spot Nifty reaches 8175. They may short Nifty if it trades below 8116 to cover around 8056.

The Nifty for the short term traders now has a support at 8066 and resistance at 8219.

The short term traders may consider buying Hindalco at 167.10 for a target of 192.65.

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.

Stock picks and trading tips for Dec 7 2016

The intraday traders may go long if the benchmark index trades above 8177 to book profits when the spot Nifty reaches 8195. They may short Nifty if it trades below 8150 to cover around 8103.

The Nifty for the short term traders now has a support at 8103 and 8044 and resistance at 8219 if it surpasses 8161.

The short term traders may consider buying Hindalco at 167.10 for a target of 192.65.

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.

Stock picks and trading tips for the week Dec 5 to Dec 9 2016

Our outlook for Nifty is that it must trade above 8105 with volumes in order for it to be bullish, in which case the resistance will be at 8140 and 8181. However if it does not manage to hold above 8105 convincingly then the supports are at 8051 and 8016. The day traders may trade accordingly on Dec 5.

For the short term traders, the resistance is at 8181 which if conquered will see Nifty target the next resistances which are at 8338 and 8424. On the flip side the supports are at 8044 and 7910.

The mid term investors may consider staying away for the time being.

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.