Weekly post on trading tips for October 19 2015 to October 23 2015

The market, although may seem bullish but one can not rule out the possibility of profit booking coming in for every rise and short selling, which drags the benchmark index below the key supports. We presume that traders may continue to remain nimble footed with the strategy of selling on rise and buying on dips. It may also be kept in mind that this is a truncated week, October 22 being a holiday and settlement is next week on October 29.
The next resistance is at 8346 and the immediate supports are at 8184, 8148.
The intraday traders may go long if the index trades above the 8210 mark to book profits at 8265. Otherwise they may short the index to cover it at 8185.
The short-term traders may ride their longs and add long positions with stop loss at 8130.
The mid-term investors may start selling 10 % of their holdings in HDFC bank at 1122.50, goldman sachs nifty ETF at 844.80 and LIC housing at 510.75

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 for October 13 2015

The market seems to be very much in bullish trend inspite of the profit booking in the previous session because the profit booking- pressure of weak hands was not able to take out the support of 8105. However the markets are expected to be a bit weak on the opening bell.

The intraday traders may go long if the nifty trades above the 8175 mark to book profits at 8205. On the flip side they may short the Nifty if it trades below the 8150 mark to book profits at 8110.

The short-term investors may continue to go long on every weakness with stop loss at 7900.

The mid-term investors may try to book profits in case of strength in the market at the rates specified 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.

Weekly post on trading tips for October 12 2015 to October 16 2015

The nifty seems to be in a bullish mode and if the resistance of 8210 is conclusively conquered on closing basis with good volumes then the market will be headed towards the next resistances of 8346 and 8515.

On the flip side if the support of 8154 is broken on closing basis with good volumes then the next supports will be at 7897 and 7804.

The intra-day traders may go long if the Nifty trades above the 8198 mark to book profits at 8235. However, if it trades below the 8165 mark then they may play it on the short side to book profits at around 8105.

The short-term traders may continue to trade on the long side with strict stop loss at 8154 with a possible target of 8325.

The mid-term investors may consider selling 10% of their stocks in every rise- HDFC Bank at 1148.55 and LIC housing at 533.70.

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 October 8 2015 onwards...

The markets are behaving very much in the expected lines as we had stated in our weekly post. The resistance of 8150 has been conquered in the last two sessions on closing basis and so it is quite natural that we are headed towards the next resistance of 8210.

The intra-day traders may go long if the Nifty trades above 8170 with strict stop loss at 8150 to book profits at around 8190/ 8225, as the case may be. However if it trades below 8150 with volumes then they may go short on nifty to cover at 8124.

The short-term investors may consider going long in Nifty with strict stop loss at 8110 with a possible target of 8200.

The mid-term investors may consider selling Axis Bank at 519.75 and buying ITC at 335.35 (with stop loss at 330.)

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 post on trading tips for October 5 2015 to October 9 2015

The support of 7730 held throughout the week on closing basis, though the Nifty did slip below it in one session but bounced back immediately. However, the position continues to be the same as it was last week with critical supports at 7730, 7586 and 7458. But we expect it to be bullish, though there is no clear cut stock or sector leadership. The resistance is at 7978 which if conquered will see Nifty heading towards 8150 and 8210.

The intra-day traders may short the Nifty if it trades below 7970 to book profit at 7920. They may go long if the Nifty trades above 7980 to book profit at 7995 or 8110, as the case may be.

The short-term traders may continue to form long positions even in case of weakness with strict stop loss at 7730 with a possible target of 8150. They may also consider going long in Lupin with stop loss at 1950 for a possible target of 2240.

The mid-term investors may consider buying L&T at 1449.75, Goldman Sachs Nifty ETF at 793.10, Coal India at 319.30 and 783.94 and LIC housing at 441.80 - 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.

Weekly post on trading tips September 28 2015 to October 1 2015

With the settlement behind us now we have to see that the Nifty does not breach the support of 7730, which is important for if this support is broken conclusively on closing basis with good volumes, then we may see a fresh bout of selling coming in which may take the benchmark index down to 7586 and 7458 levels. On the flip side if the Nifty somehow manages to stay above the 7932 mark conclusively on closing basis with good volumes, then fresh buying might emerge taking Nifty to 8151 or 8208 levels. It may however be kept in mind that this is a truncated week with October 2 2015 being a holiday.

That being said, the intra-day traders may go long with stop loss at 7850 to book profits at 7907. However, if the nifty trades below 7845 then they may play it on the short side with stop loss at 7860 to book profit at 7838.

The short-term traders may open long positions if the Nifty cracks down further with stop loss at 7730 for a possible target of 7951.

The mid-term investors may consider buying Coal India at 313.60, 308.75 and 301.45 in small quantities. They may also consider buying Goldman Sachs Nifty ETF at 788.21, 775.15 and 761.26 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 September 24 2015

The day of settlement has finally arrived taking most of the traders on a ride. 

The benchmark index continues to be bullish as the Nifty ended in positive territory inspite of the initial hiccup that made it see the low of 7723, but the bounce back was very much in the expected lines.

The support is now at 7784, which if breached will see the benchmark index to test the supports of 7736 and 7586.

On the flip side, the resistances are at 7910, which if conquered will see Nifty give it a try at 7955 and 8150.

The intra-day traders may go long if the Nifty trades above the 7810 mark to book profit at 7900. On the other hand if the Nifty trades below 7784, they may short the Nifty to book profit at 7735.

The short-term traders may consider going long in nifty in the October series with stop loss at 7730.

The mid-term investors may consider buying Marico at 375.05, LIC Housing at 418.85, Goldman Sachs Nifty ETF at 782.87 and 767.78 and Coal India at 307.90; 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.