Tips on stock picks and trading strategies for June 30 2016

A word of caution is advised to traders; today being the settlement day of F&O June series. 

The immediate resistance for Nifty is at 8246 and immediate support is at 8178 and 8116.

The day traders may go long if it trades above 8195 for the target of 8246. However, if it trades below 8178  then they may short Nifty to cover at 8139.

The short term traders may make short positions in July series in case of a rise.

The mid term investors may consider selling Hero Motors at 3284.35 and Nifty ETF at 838.56.

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 June 29 2016

With the settlement of F&O June series due tomorrow, the market may tend to be volatile yet we expect it to broadly remain within 8000 to 8300 range. It might however rise further on the whole but that too on account of settlement. Otherwise, as of now there are no clear leaders in the bullish pack.

The day traders may go long if the benchmark index nifty trades above 8135 with stop loss at 8120 for a target of 8166, However, if it trades below 8090 then they may short the Nifty to cover at 8060.

The short-term traders may buy in gap down and sell into gap ups. The immediate resistance is at 8150 and support is at 8010.

The mid term investors may place bids for Hero Motors at 2998.65 and 2975.55, Goldman Sachs Bank ETF at 1751.32 and 1721.95, Indusind at 1066.05 and Yes Bank at 1041.15- 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.

Tips on stock picks and trading strategies for June 28 2016

The immediate resistance for the Nifty is at 8150 and unless the benchmark index conquers it conclusively, the markets in general are expected to remain weak. However, with the settlement of F&O series of June due on the coming Thursday, chances of volatility can not be ruled out. 

The direction in today's session depends upon which side of 8090, the nifty trades.

The day traders may go long if Nifty trades above 8190 for a target of 8130 and short if it trades below 8070 to cover at 8045.

The short term traders may go long with stop loss at 8000.

The mid term investors may place bids for Yes Bank at 1067.55, Indusind Bank at 1066.65 and Hero Motors at 3022.45 and 2995.40- 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.

Indian Markets for the week June 27 2016 to July 1 2016

There was a sudden sell off in the previous session but inspite of the heavy supply pressure, we maintain that the Nifty in particular and the market in general will continue to be in its bullish mode as long as the key support of 7937 is breached on closing basis. However, the followers of this blog may keep it in mind that the settlement of F&O June series is due on June 30 and may therefore trade this time round as if they re walking on a land mine as many stop losses got triggered in the previous session. The chances of much loss from here though possible is less likely. 

The immediate resistance is at 8148 which if conquered may see Nifty climb up north steadily with the next resistances at 8212.

On the flip side if the support of 8035 gets breached then it will slip towards 7990 and then to 7937.

Day traders may go long with stop loss at 7990 for the target of 8150. However, below 7990 they may short the Nifty to cover at 7937.

Short-term traders may start making contrary positions ie go long on weakness and unwind longs on strength as well as go short on strength and cover on weakness. They may trade only in July series.

The mid term investors may make most of the buying as long as the blood bath continues.

 The may plae bid for Goldman Sachs Bank ETF at 1726.57, 1705.64 & 1688.51, Hero Motors at 3001.55, Indusind Bank at 1062.05, 1024.35 and 1008.65 and Yes Bank at 1069.65, 1047.40, 1025.20 and 108.45- 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.

Tips on stock picks and trading strategies for June 24 2016

The Nifty must trade above 8250 to remain in its bullish mode and day traders as well as short term traders may go long with stop loss at 8225. The resistance will be at 8335 and 8380. However, the markets will remain weak if the index trades below 8203 with immediate support at 8155. 

However, a gap up may be sold into but the same may be covered intra day.

The mid term investors may consider selling LIC Housing at 506.35 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.

Tips on stock picks and trading strategies for June 23 2016

The immediate resistance for Nifty is at 8216 and the immediate support is at 8171. The direction of market is not clear and mostly will depend on whether it trades above 8216 in which case the traders may go long with stop loss at 8198 for a target of 8250 or 8285. If it trades below 8171 then they may short the nifty to cover at 8158 or 8120.

A word of caution is advised for the day on account of the settlement of F&O series of June, which expires on June 30 2016 and the jitters of which are expected to begin today itself. The short term traders may exit all their positions in June series and start trading in July series.They may go long in July series at around 8120 with stop loss at 8100 and go short around 8280 with stop loss at 8300 , i.e. play in the narrow trading band of 8120 to 8280; albeit in July series.

The mid term investors may consider adding Indusind bank at 1074.35 and Goldman sachs Bank ETF at 1760.89 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.

Tips on stock picks and trading strategies for June 22 2016

For as long as the benchmark index, Nifty trades above 8120, we consider the market to be in a consolidation phase waiting for some leading sector like Banks to trigger the bulls. However, if it slips below the key support of 8120, then the market in general will turn weak and head towards the target of 7937, even if not in a hurry.

On the other hand the immediate resistance is at 8236 and day traders may go long  only if it trades above this point with stop loss at 8220 for a target of 8285. However below 8220, they may short the Nifty to cover at 8195.

The short-term traders may ride their longs and add new longs in case of eakness with stop loss at 8120 for a target of 8285.

The mid term investors may consider selling 10% of their holdings in LIC housing at 497.40 and buying Goldman Sachs Nifty Junior exchange traded fund at 199.71 and Hero Motors at 2992.65 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.