Trading tips and stock picks for October 3 2016

The day traders may go long if the spot Nifty trades above 8620 for a target of 8645. The may short the Nifty if the benchmark index trades belwo 8590 to cover at 8565.

The short term traders may keep in mind that the immediate support for Nifty is at 8590 and then at 8547. If 8547 is breached on closing basis with good volumes then the next support is at 8324. On the upside, the immediate resistance is at 8620 and then at 8707, 8764 and 8810. They may keep these marks in mind and play accordingly. 

The mid term investors may consider buying Zee Entertainment at 527.45 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.

Trading tips and stock picks for September 30 2016

The day traders may go long in Nifty futures if the spot Nifty trades above 8610 for a target of 8650. They may short the futures if the spot Nifty trades below 8580 to cover at 8545.
The short term traders may short the futures in case of a bounceback at around Nifty spot of 8700 with stop loss if the spot trades above 8715 for a target of 8500.
The mid term investors may consider buying Zee Entertainment at 534.75 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.

Trading tips and stock picks for September 29 2016

The settlement of September series is due tomorrow and it looks like all the trades have been evened out and the downside for this series looks capped on the downside at 8700, for Nifty the 50 stock benchmark index. On the upside a trade beyond the 8800 levels seems unlikely which implies that the nifty will expire between 8700- 8800.
The day traders may go long if the Nify trades above 8740 for a target of 8770. On the flip side the day traders may short the Nifty if it trades below 8720 to cover at 8705.
The short term traders may add further long positions in Nifty in October series with stop loss at 8700.
The mid term investors may stay away from the market for the day.
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 September 28 2016

With the settlement tomorrow on Sept 29, chances of volatility cannot be ruled out as there has been a sudden sell off. But our predetermined support of 8705 did hold towards the close.

We advise the intraday traders to go long if the Nifty, the benchmark index trades above 8740 for a target of 8755. They may short the index if it tradews below 8730 to cover at 8688.

The short term traders may go long in Nifty but with strict stop loss at 8705.

The mid term investors may consider placing bids for Zee Entertainment at 522.30 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 September 27 2016

The nifty has weakened considerably yet the support of 8705 has held so far. 

The day traders may go long only if the benchmark index trades above 8750 for a target of 8785. They may short the Nifty if it trades below 8705 to cover at 8655.

The short term traders may go long in October series if the spot Nifty trades above 8705 i e they may peg their stop loss at 8705. They may however wait and watch throughout the day and only go long if the support of 8705 holds. Otherwise they may stay away.

The mid term investors may wait and watch for if the support of 8705 is breached then fresh opportunities will crop up at attractive offers.

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 September 26 2016

The resistance of 8875 that we had specified in our previous posts remained unconquered. It may also be kept in mind that the expiry of F&O series of September 2016 is due on September 29 which may usher sudden deep cuts or sudden spikes to north. However broadly we expect the downside to be capped at around 8547 and upside around 9000. The immediate resistance is at 8865 and the immediate support is at 8809.

The day traders may go long if the Nifty trades above 8845 for a target of 8871. They may short the index if it trades below 8809 to cover at 8775.

The short term traders may exit all their positions in September series and start adding long positions in Nifty in October series in case of weakness with stop loss at 8706.

The mid term investors may consider adding Ambuja Cement at 254.60 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 September 23 2016

The day traders may go long in Nifty, the benchmark index if it trades above 8875 for a target of 8890. They may, however, short the index if it trades below 8850 to cover at 8810.

The short term traders may sell their long positions in Nifty if they haven't already sold them around 8890 levels and make no new positions till a clear picture emerges.

The mid term investors may consider offering Indusind Bank at 1235.45 and Kotak Bank at 812.55 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.