Trading tips and stock picks for November 3 2016

The day traders may go long in Nifty futures if the spot Nifty trades above 8532 to book profit when the spot Nifty trades at 8560. They may however short the Nifty futures if the spot Nifty trades below 8510 to cover when spot Nifty trades at 8480.

The short term traders may play it on the short side with stop loss at spot Nifty's 8615 for a target of spot Nifty's 8325.

The mid term investors may consider buying Birla SL Frontline equity (G) and SBI Blue chip fund (G) on every drop in Nifty.

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 November 2 2016

Our view of the market remains just like it was in our previous post i.e. the markets in general and the benchmark index Nifty in particular is expected to be weak in the upcoming session with immediate support for the Nifty at 8599. The resistance is at 8665. If the support of 8599 gets broken then the index will gravitate towards 8545 and 8324. On the other hand, if the resistance of 8656 is conquered then the next resistances are at 8745 and 8792.

The day traders may consider going long in Nifty futures if the spot Nifty trades above 8640 to book profit when spot Nifty trades at 8667. They may however consider going short in Nifty futures if the spot Nifty trades below 8635 to cover when the spot Nifty is at 8603.

The short term traders and mid term investors may continue to wait and watch in the sidelines as no clear picture is emerging as yet.

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 November 1 2016

The markets in general and the benchmark index Nifty in particular is expected to be weak in the upcoming session with immediate support for the Nifty at 8599. The resistance is at 8665. If the support of 8599 gets broken then the index will gravitate towards 8545 and 8324. On the other hand, if the resistance of 8656 is conquered then the next resistances are at 8745 and 8792.

The day traders may trade accordingly whereas the short term traders and the mid term investors are advised to just wait and watch.

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 October 28 2016

With the settlement over, the markets in the upcoming session are expected to remain week, or at best consolidate, there being no clear cut leaders as most of the leaders taking Nifty up north in the past few months are almost standing at the tipping point below which they might be washed for a while or longer.

The day traders may consider going long in Nifty Futures if the spot Nifty trades above 8600 to book profits when spot Nifty trades at 8649. On the flip side they may short the Nifty futures if the spot nifty trades below 8575 and cover their shorts when spot Nifty trades at 8530.

The short term traders may rather stay away for the day as during Muhurat trading which will be held on Sunday the 30th October, the index tends to be haphazard and then again the markets will remain closed on Novemeber 31.

The mid term investors too may stay away for the day.

Here's wishing all the readers of this blog a very Happy Diwali, the big festival of lights and prosperity. Stay healthy!!

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 October 27 2016

The upcoming session is the settlement day of the F&O series of October 2016 and the tipping point for day traders is at 8623. If the spot Nifty trades above 8623 then the traders may go long in Nifty futures of November series to book profit when the spot Nifty hits 8670. On the flip side they may cover their shorts when spot Nifty hits 8588.

The short term traders may go long in Nifty in case of weakness with strict spot loss at Spot Nifty 8594.

The mid term investors may consider adding LIC HFL at 580.40, Kotak Mahindra bank at 785.80 and Zee at 501.45- 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.

Trading tips and stock picks for October 25 2016

The support for spot Nifty is at 8704, 8684 and 8594. The resistance is at 8724, 8745 and 8792.

The day traders may go long in Nifty futures if the spot Nifty trades above 8710 to book profit when spot nifty reaches 8745. On the flip side, they may short the Nifty futures if spot Nifty trades below 8704 and cover their shorts when spot Nifty reaches 8685. It is reiterated that they may trade in November Futures.

The short term trades may go long in case of weakness in Nifty futures with strict stop loss at 8594 of spot Nifty.

The mid term investors may consider adding Zee at 509.25 and Lic HFL at 594.55 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.

Trading tips and stock picks for October 24 2016

It may be noted that the settlement of F&O series of October 2016 is due on October 27 2016 and on account of the settlement the Nifty is expected to trade within the broad range from 8500 to 8800 in the ensuing week Moreover the Markets will open for Muhurat trading on Sunday, October 30 and will remain closed on October 31. 

The new support for Nifty is at 8669 and 8590 and the resistances are at 8698, 8745 and 8792.

The day traders may go long in Nifty futures if the spot Nifty trades above 8698 and book profit in futures if the spot Nifty is at 8720. They may short the futures if the spot nifty trades below 8669 and cover when spot nifty trades at 8630.

The short term traders may exit all their positions in October series and start forming long positions in Nifty in case of weakness with strict stop loss when spot Nifty trades at 8580.

The mid term investors may consider going long in LIC HFL at 594.55 and Zee at 509.25 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.