Tips on stock tips and trading strategies for the week April 27 2015 to April 30 2015

All those who might have read our previous post might have noticed that we had already stated that all was not well and the recent flare up may not be construed as return of bulls. Well, the Nifty did turn weak and those who traded as per our advise might have benefited.

The index is expected to continue to remain weak although one might expect flare ups on account of expiry of F&O April 2015 series on April 30 2015. The index may try the key support of 8256  once more and in case if it gets broken then the next support points to be kept in mind during the week are at 8143, 8070 and 7882.

However, if the index bounces back from hereabouts then the resistances will be at 8395, 8486, 8574, 8626 and 8795. The return of bulls will be ensured only above 8795. Otherwise we may consolidate with a negative bias, if the support of 8256 gets broken and positive bias if the resistance of 8626 is conquered.

It may also be noted that the market will remain closed on May 1 2015.

The intraday traders may consider going long in Nifty if the index trades above the 8330 mark to book profit at 8387. They may however short Nifty if it trades below the 8295 mark to book profit at 8256.

The short-term traders may continue to play on the short side and add fresh positions in case of a rise with stop loss at 8626.

The mid-term investors may continue to bid stocks as per our advise 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. 

Tips on Indian Markets for April 24 2015

It may however be noted that we are not out of the woods yet although the meltdown did get contained in the previous two sessions. The Nifty remained inconclusive towards the close of the session. The recent flare up may not be construed to imply the return of the bulls as the settlement blues have set in and the index may turn volatile and unpredictable.

The intra-day traders may go long only if the Nifty trades above the 8425 mark to book profit at around 8480. However, if it trades below the 8365 mark then they may short the index to book profit at 8338.

Like wise, the short-term traders may short nifty (May series) if it trades below 8365.

The mid term investors may consider buying Axis Bank at 511.05, Idea at 180.55 and Marico at 383.25 in small quantities. They may also consider investing in Birla Sun Life Top 100 (G) and SBI Blue Chip Fund (G) through SIP.

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 Indian Markets for April 23 2015

The nifty bounced back from 8284.7 in the previous session as against the support of 8256 which we had pointed out in a previous post, but whether an intermediate support has already been made will only be confirmed if the index manages to stay above 8390 through out the day. Otherwise we are headed to yet lower levels with intermediate supports as indicated in the earlier post.

The intra day traders may go long in Nifty if it trades above 8390 to book profit at 8475. Otheriwse they should go short to book profit at 8330 or 8283 as the case may be.

Short-term traders may cover their shorts today. However, if the index breaks down to sub 8256 level then they may open fresh shorts, preferably in May series.

The mid-term investors may consider buying Marico at 383.25.

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 Indian Markets for April 22 2015

The Nifty has turned weak and seems to be in bearish grip and will continue to be so unless it manages to stick its head above 8656 which is quite in our expected lines ever since we had advocated to those trading on long side to exit all long positions in a previous post.

The intra-day traders may go long only if the index trades above the 8424 mark with stop loss at 8394 and book profit at around 8449. They may go short if the index trades below 8370 in the opening hour to book profit at around 8330.

The short-term traders may continue to play on the short side in case of rise with stop loss at 8656.

The mid-term investors may consider buying Axis Bank at 511.05.

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 Indian Markets for April 21 2015

The Nifty broke the support of 8489 and broke even beyond the support to 8422. Once again we are standing at the crucial support of 8411, which if breached will see selling emerge posing risk to the bulls and the Nifty will see melt down to 8256, 8143, 8070, 7882 and 7586. In such a scenario, the bears will grip the market, i.e. unless and until there is a bounce back tomorrow. 

The intra-day traders may go long if the Nifty trades above 8450 mark to book profit at 8495.

The short-term traders may, unless there is a bounce back tomorrow, play it on the short side with stop loss at 8583. 

The mid term investors may consider buying Idea at 180.55, Marico at 383.25  and Lupin at 1651.75 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 tips and trading strategies for the week April 20 2015 to April 24 2015.

The Nifty did manage to conquer the resistance of 8795 for a few moments but it turned out to be a false breakout and the index broke down to 8596.7 before closing at 8606. Unless the index manages to stay above the 8609 level somehow, the Nifty is definitely headed towards the support of 8489 with intermediate supports at 8577 and 8533. On the other hand, if the index bounces back to plus 8635 level then it will meet resistances at 8698, 8750, 8795 and 8835. However, we would like the readers of this blog to exercise a lot of caution this week keeping an eye on settlement next week when the Future and Options series for the April 2015 will expire on April 30 2015.

That being said the intra-day traders may go long if the Nifty trades above the 8635 mark to book profits at around 8690. Otherwise they may short the index to book profit at 8577.

The short-term traders may continue to play on the short side with strict stop loss at 8695.

The mid-term investors may consider adding Lupin to their portfolio by placing bid at 1651.75 and Marico at 403.45 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 for April 17 2015

The intra-day traders may consider going long in Nifty only if it trades above the 8770 mark to book profit at 8835. On the flip side, if the Nifty goes below the 8700 mark, they may short the index to book profits at 8675.

The short-term investors may short around the the index in case of a rise with strict stop loss at 8795.

Mid term investors may bid as per our advice 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.