Trading tips for February 1 2017

With the Union Budget of India slated during the ensuing session, nothing can be predicted as punters come into play on such occasions but the readers of this blog must have seen how exact we had been in our analysis of either/ or the traders must have profited on our short side equation.

Going forward, the day traders may go long in the Nifty futures if the spot Nifty trades above 8626 to book profit when the spot Nifty trades at 8657. On the flip side they may short the Nifty futures if the spot Nifty trades below 8567 to cover their shorts when the spot Nifty trades at 8531.

We like to share the good news with you that our short term traders and mid term investors have profited heavily, following our advice of going long in Gail and Hindalco and having squared off their positions yesterday. If you too want to join the band of those who make money without burning their fingers, follow this blog by subscribing... by clicking on the space below the time clock on the right hand side of this post. It's free and our aim is to protect the naive folks who get allured to the markets and loose.

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.