Tips on stock picks and trading strategies for Aug 24 2016

The benchmark index in particular and the overall market in general behaved very much in expected lines and Nifty traded in a tight range with no damage. 

The day traders may go long in Nifty if it trades above 8620 for a target of 8650. On the flip side they may short the index if it trades below 8615 to cover at 8603. However if Nifty trades again above 8660 they may [lay it on long side till 8682 and 8702.

The short term traders may go long in Nifty for the September series, in case of weakness with strict stop loss at 8455.

The mid term investors may consider selling Zee Entertainment at 532.15.

 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 Aug 23 2016

As the settlement day nears, the range of Nifty has narrowed down to 8600 on lower side and 8700 on upper side and if either of these is broken, there will be a large upset. The upside break will see short covering that will propel Nifty towards 8800 in a hurry. Similarly if the Nifty breaks the 8600 support it will see a sharp sell off to 8500.

The day traders may go long if the Nifty trades above 8657 for a target of 8670. However if it trades below 8627, they may short the Nifty to cover at 8600.

The short term traders may consider going long in Ambuja cement with stop loss at 269 for a target of 280.20.

The mid term investors may consider buying Zee Entertainment at 496.80 and 493.85 and Hindalco at 151.55 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. 

Indian Markets for the week August 2016 to August 19 2016

The settlement of the August F&O series is due on the coming Thursday, August 25 and with that in mind one may be careful as chances of volatility setting in and catching one off guard cannot be ruled out. Although the Nifty covered most of the lost ground last week and closed in the bull territory but the broad range of Nifty is expected to remain between 8500 on the lower side and 8800 on the upper side. 

The day traders may go long if the Nifty remains above the 8677 mark for a target of 8694. On the flip side they may short the Nifty if it trades below 8655 to cover it at 8636.

The short term traders may close all their positions in the current series and start building long positions in Nifty if Nifty happens to weaken with stop loss at 8556.

The mid term investors may consider offering Ambuja Cement at 283.35, Indusind at 1226.65 and Hindalco at 164.45 and buy HDFC Bank at 1229.55 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 Aug 19 2016

The day traders may go long in Nifty if it trades above 8680 for a possible target of 8723/ 8769. On the flip side they may short the Nifty if it trades below 8635 to cover at 8595.

The short term traders may go long in Ambuja Cement with stop loss at 269 for a possible target of 279.

The mid term investors may consider buying ITC at 248.55 and 244.35 in small quantities. They may also consider selling Indusind at 1222.65.

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 Aug 18 2016

The immediate support for the benchmark index, Nifty, in the upcoming session is at 8613 and the day traders may short the Nifty if it trades below this mark to cover at 8595. On the flip side, they may go long in Nifty if it trades above 8642 for a target of 8675.

The short term traders may consider adding Hindalco for a possible target of 164.65 with stop loss at 145.

The mid term investors may consider adding Indusind Bank at 1143.45 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 Aug 17 2016

The nifty struggled to cross the resistance of 8656 and finally weakened failing in its attempt. The support is now at 8620 and 8595. On the flip side the resistance is at 8652/ 8656.

The day traders may go long in Nifty if it trades above 8642 for a target of 8670. They may on the other hand short Nifty if it trades below 8620 to cover at 8595.

The short term traders may consider going long in Hindalco with stop loss at 145 for a possible target of 164.65.

The mid term investors may stay on the side lines.

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 August 16 2016 to August 19 2016

The tug of war in the last session ended in favor of bulls with the benchmark index closing above 8656. Now the immediate support is at 8656 which if broken will see Nifty to fall down to the next support of 8595. However if 8656 is not broken then the resistances for Nifty are at 8705, 8735, 8749 and 8780.

The day traders may go long if the nifty trades above 8656 for the target of 8705. They may however short Nifty if it trades below 8653 to cover at 8632.

The short term traders may go long with stop loss at 8650.

The mid term investors may stay away for the day as no clear picture is emerging.

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