Tips on stock picks and trading strategies for July 17 2015

There seems to be a breakout above the crucial resistance of 8501 yet the Friday trades will confirm the breakout; we are yet however apprehensive due to a typical volatility that has set into the market and as of now only suggests that it is but a sell on rise market. 
With that in mind, the intra-day traders may go long only if the index trades above the 8595 mark to book profits at around 8632. They may however, go short of the index trades below the 8575 mark to book profit at around 8565.
The short-term traders may go long with strict stop loss at 8560. They may go long in Axis Bank with strict stop loss at 592 with a possible target of 645.50 (the target may be revised in our next post but the technicals suggest a bull run) 
The mid term investors may continue selling Tata Motors at 401.95 and 403.95 in small quantums. They may consider buying HDFC Bank at around 1110 to 1102 points, Axis Gold at 2383.95, sell bank of Baroda at 160.10, sell Federal Bank around 79.20, offer HDFC Bank at 1143.85, bid Idea at 174.30 and Lupin with stop loss at 1890 with an immediate target of 2157.20.
A WORD OF CAUTION THOUGH THAT ONE OUGHT BE NIMBLE FOOTED AT THIS POINT OF TIME AS WE ARE UNABLE TO RULE OUT VOLATILITY IN MARKET WHICH MIGHT AS WELL TRAP THE NAIVE. BE CAREFUL GUYS.
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 16 2015

The benchmark index once more shot above the crucial 8501 resistance but it has yet to be seen whether it manages to stay above 8501 which, once again, happens to be the immediate support for short-term traders.

However, the intra-day traders may go long of the index manages to stay above the 8510 mark in the wee trading moments and book profit at 8542 or thereabouts. On the flip side, they may go short if the index slips to sub 8500 level and book profit at around 8470.

The short-term traders may however stay away from Nifty and rather go long in Lupin with strict stop loss at 1905 for a possible target of 1981.

Mid-term investors may consider selling Tata Motors in every rise in small quantities and exit the counter as it has been beaten beyond recognition from a mid-term perspective.

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 15 2015

As we had suspected in our previous post, the Nifty was unable to conquer the key resistance of 8467 with good volumes and therefore slipped below to 8441.55 towards the end of the session closing at 8454.10.

The intra-day traders may go long only if it trades above 8465 and book profit at 8478. However, if the index slips below 8445 then they may short the Nifty and book profit at 8425.

The short-term traders may consider covering their shorts at 8390 with strict stop loss at 8481.

Mid term investors may exit Tata Motors at every rise and consider buying HDFC Bank at around 1077.65 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 stock picks and trading strategies for July 14 2015

The Nifty managed to almost wobble around the 8365 mark and eventually broke it taking it to above our resistance of 8467 but eventually closed below at 8459.65. We however hold that the index is not out of the woods as yet as it has yet to conquer the resistance of 8467 with good volumes. Chances of another sell of can not be ruled out. The best one can expect is a volatile market with sudden swings in either side eventually ending in consolidation before another leg up. 

The intraday traders may go long as long as the nifty stays above the 8430 mark and book profit at 8490.

The short-term traders may go long only if the resistance of 8467 is conquered conclusively with good volumes and ride it till 8660. Otherwise, they may short the index and cover it around 8380.

Mid-term investors may consider selling Tata Motors at 416.50 and buying Idea Cellular at 165.75 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.

Weekly tips on stock picks and trading strategies

As we had stated in our previous weekly post that the shadow of 8501 hung over the index and it could not sustain conclusively with good volumes above this mark, although it did manage to stay above 8501 mark on two consecutive sessions and went up to 8561.35.

Similarly, the nifty could not conclusively breach the support of 8311 although it went down to 8315.4, almost about kissing it but bounced back from here to 8372.2, probably due to short covering due to the upcoming weekend.

The intraday traders may go long only if the index stays above the 8365 mark to book profit at 8385 with stop loss at 8345. They may however short the index if it trades below 8335 and book profit at 8315 or 8300 as the case may be.

The short-term investors may continue playing on the short side and open fresh short positions in case of strength in the index with strict stop loss at 8475. The immediate support of nifty is at 8337 and if this level does not sustain in the ensuing session then the supports will be at 8311 is at 8177. The traders may keep these levels in mind while considering opening fresh shorts and/ or covering the shorts to book profits.

The mid-term investors may buy HDFC Bank at 1073.45, buy Idea Cellular at 165.75, sell Lupin at 1876 and sell Tata Motors at 413.50 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 trading strategies for July 10 2015

Whether the support of 8335 mentioned in our previous post did actually get breached will be confirmed in the next session as the lowest point of 8323 (and the consequent closing at 8328.55) was hit at the fag end of the session. However, if the breaking of 8335 gets confirmed in the ensuing session then the immediate target should be at around 8177. But the positive takeaway is that the leaders of the rally that took it to 8561.35 mark were not as much beaten as the benchmark index itself. On the flip side the immediate resistance is at 8350 and then at 8470.

The intra-day traders may play it on the short side unless and until the index manages to stick it's head above the 8350 mark, otherwise they may play it on the short side to book profit at around 8320 or 8300  as the case may be.

The short-term investors may continue to ride their shorts and try to cover them at around 8275.

The mid-term investors may stay on the side lines and watch for this post. We will advise if an opportunity presents itself during the mid session.

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 July 9 2015

The Nifty could not hold above the resistance of 8501, which we had been constantly insisting upon as being very critical for the next move and consequently, it was not before long before it went into an almost all out sale giving up all the gains of the previous sessions stopping just a wee above our next support of 8335. If the support of 8335 gets breached in the next session then the index will slide towards the next support of 8177. On the flip side, if the Nifty somehow manages to stick it's head above the 8477 mark, then only can one expect the bulls to return.

The intraday traders may trade on the short side in case of a strength in the market with strict stop loss at 8390 to book profit at 8320 and the short-term traders may open fresh shorts with stop loss at 8480.

The mid-term investors may wait and watch as we expect better buying prices in the next few sessions.

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