Tips on stock picks and trading strategies for July 8 2015

The Nifty did show strength in the previous session but all the gains petered out by the close but the only positive takeaway was that the index did close above the critical support of 8501 which previously was the critical resistance. Whether any strength remains or not in the market depends on whether the index trades above the 8495 mark in which case the intraday traders may go long to book profit at 8470. However if the Nifty trades below 8450 then they may short the index to book profit at 8427.
The short term players may continue to ride their longs and also add more long positions in case of weakness with strict stop loss at 8400.
The mid term investors may consider investing by the way of SIP in SBI Blue Chip Fund (G).
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 July 7 2015

After an initial hiccup and a gap down opening which took Nifty down to 8386.15 level which was pretty close to 8374, our stop loss for short term traders as indicated in our weekly post, the bulls took charge taking Nifty beyond the resistance of 8501. However, a confirmed breakout of the resistance will only be confirmed in the upcoming session.

The intraday traders may trade on the long side in Nifty if it stays above the 8485 mark to book profit at 8542. They may however short the index if it trades below the 8460 mark to book profit at 8400.

The short-term traders may continue to ride their longs and even add more long positions with strict stop loss at 8590. They may however exit their longs around the 8668 mark.

The mid-term investors may consider buying Idea Cellular at 179.05.

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.

Tips on trading strategies for the week July 6 2015 to July 10 2015.

The resistance of 8501 hung over the market in the previous session as the bulls continually kept trying till the end of the session. The 8501 mark continues to be a crucial point which if conquered will see the Nifty soar towards the next and even more critical resistance at 8668. On the flip side the immediate support is at 8463 which if broken will see Nifty slide further down to 8374, 8311 and/or 8153.

The intraday traders may go long with stop loss at 8460 to book profits at 8513. If the nifty trades below the 8460 mark with volumes then they may short the index to book profits at 8440 or 8395 as the case may be.

The short-term traders may add long positions if the Nifty weakens with stop loss at 8374. However, if the Nifty conquers the resistance of 8501, then they may build fresh longs in the index to ride it till 8668.

Mid term investors may consider buying Idea Cellular at 179.55 and 174.55 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.

Tips on Indian Market for July 3 2015

The Nifty traded in a very small range in the previous session and finally the bulls seemed to be wary as it traded at almost the lowest point towards the end of the session. It can be concluded that the resistance of 8501 overshadowed the sentiment of the players throughout the day but the takeaway from the session is that a breakout is in the offing; the direction of which is uncertain. Either Nifty will give up all its gains of the week or else it will manage to break the resistance of 8501 with rampaging bulls. From this perspective the trades tomorrow are very important. Either selling will emerge around our resistance or else fresh buying will emerge if it is conquered without much of an effort.

The intraday traders may go long only if the Nifty manages to stick its head above the 8465 mark to book profit at around 8498 mark. However if the Nifty trades below the 8440 mark then they may short the nifty to cover the shorts at around 8420.

The short-term traders may exit their longs around higher levels i.e. if they haven't already ( we had advised the followers of this post in our previous post to book partial profits in their longs). However, if there is a breakout above the 8501 mark then they may open fresh longs with new support at 8501 and ride them till 8665.

The mid term investors may wait and watch as per our advise 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.

Tips on Indian Market for July 2 2015

A little more upside seems inevitable in the session with the immediate resistance at 8501 which if conquered will see Nifty move towards the 8668 mark. The immediate support for the Nifty is at 8368 which if broken will see it go towards the 8304 mark.

The intra-day traders may go long if the Nifty trades above the 8435 mark to book profits at 8501. Otherwise they should short the nifty to book profit at 8390.

The short-term traders may book partial profits in their longs at around 8501. They may however make fresh long positions if the resistance of 8501 is conquered with volumes.

The mid-term traders may consider buying Idea Cellular at 166.40 in small quantity. They may also watch Axis Bank which is approaching the crucial resistance of 598.80 and L&T which must conquer the 1819 mark conclusively for any hope for bulls in that counter. They may consider buying HDFC Bank with strict stop loss at 1040.

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 Indian Market for July 1 2015

The Nifty did manage to rise above the immediate resistance of 8339 in the previous session after many a hiccup and therefore one may expect it to remain a wee bit bullish in the next session if it manages to stick its head above the 8348 mark. The new support of Nifty is once more at 8265.

The intra-day traders may go long with stop loss at 8350 to book profit at 8410 or there abouts. If however, it trades below the 8325 mark then they may short the index to book profit at around 8285.

The short-term traders may continue to ride their longs raising their trailing stop loss to 8265.

The mid-term investors may consider selling Gateway Distriparks at 354.95. They may also consider buying HDFC Bank with stop loss at 1040.

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 Indian Market for June 30 2015

Even though it came as a bolt as the benchmark index opened with a gap down but the support of 8290, (mentioned in our weekly post) did hold on conclusive basis as the Nifty bounced back to 8329.45 before closing at 8318.4 which is a shade below the immediate resistance of 8336 for the next session. If the index manages to conquer the resistance with good volumes and stays above it for longer time, then we have hope for the bulls. Otherwise, the Nifty may again tailspin into another crash or at best consolidate but with a negative bias with the crucial support at 8246.

The traders may trade accordingly keeping in view the various points of resistance as mentioned in our weekly post.

The next session though is expected to be crucial for the immediate term.

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.