Trading tips for the week February 29 2016 to March 4 2016

Unless and until the Nifty trades above 7141, it may be expected to remain weak and sideways but the technical charts suggest that it won't run into any further losses and will bounce back in case of a cut. But the turbulence has not abated as yet. However, the immediate support is at 6995 which if breached might see Nifty again heading towards  6770. The immediate resistance is at 7016 and then at 7069 and 7120. However, if the Nifty conquers the main resistance of 7141, then a sudden bullish spurt may be expected with the next resistances at 7266 and 7321.

The day traders may go long if the Nifty trades above 7022 to unwind at 7060. However, if the Nifty trades below 6996, they may short the Nifty to cover at 6915.

The short-term traders may go long with stop loss at 6996 for a possible target of 7141.

The mid term investors may consider investing in SBI Blue Chip Fund (G) on dips or 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 stock picks and trading strategies for February 24 2016

As quite expected, with the settlement of F&O series of February 2016 due on February 25 2016, the market did exhibit volatility in the past two trading sessions and the direction of market in general remains clueless. A rise is not a victory for bulls as much as a drop is no advantage to bears. 

However with the support of 7189 got broken intra-day which implies that the Nifty will remain weak unless and until it trades above 7150.

The day traders may go long if the Nifty trades above 7150 to unwind at 7180. However, if it trades below 7135 then they may go short to cover at around 7068.

The short-term traders may short the Nifty in case of a rise with stop loss at 7190 for a target of 7080.

The mid-term investors may consider buying Goldman Sachs Nifty ETF at 709.68 and Asian paints at 860.65 in small quantities. They may also consider to offer Asian Paints at 896.30.

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 the week February 22 2016 to February 26 2016

The settlement of February F&O series is due this week on February 25 2016 and therefore although signs of a bullish move are emanating but owing to settlement the Nifty can go anywhere. However, the resistances are at 7270, 7325 and 7550. On the flip side the immediate supports are at 7180, 7060, 7005 and then at 6770.

The day traders may go long in Nifty if it trades above 7200 to unwind at 7240. Below 7180, they may however short the Nifty to cover at 7165.

The short-term trades may trade in March series and go long with stop loss at 7180 for a target of 7260.

The mid-term investors may consider adding Asian Paints at 839.65, Goldman Sachs Nifty ETF at 709.68 and LIC housing at 408.40; all in small quantities. They may also be nimble footed as this is a sell on rise market and sell soon as they see profit i.e. Asian paints at around 876.80 and 893.95, Goldman Sachs Nifty ETF at 765.15 and 798.03 and LIC Housing at  468.25 and 489.95.

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 February 18 2016

With the lack of leadership the Nifty has turned volatile and the direction has become uncertain, but it is definitely a sell on rise market anyway.

The day traders may go long in Nifty if it trades above 7095 to unwind at 7155. They may short the Nifty if it trades below 7020 to cover at 6989.

The short term traders may go long for a possible target of 7208 with stop loss at 7020.

The mid term investors may stay on the sidelines and 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 for February 16 2016

The Nifty showed a bounce back for second day in a row. However, it may be noted that this is a sell on rise market because there is no clear leadership.

If the Nifty manages to stay above 7170, then the intra-day traders may go long to unwind at 7211. On the flip side, if it trades below 7130, then they may short the Nifty to cover it at 7088.

The short-term traders may consider going long with stop loss at 6988 for a possible target of 7266.

The mid-term traders may consider buying Goldman Sachs Nifty ETF at 708.16, Asian Paints at 856.35. 

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 the week February 15 2016 to February 19 2016

The bounce back in the previous trading session may not be construed as a come back for bulls. It was merely a short covering. The immediate support for the Nifty is at 6930 which if broken may see Nifty going weak with the next support at 6770 and 6645. However if the Nifty manages to stick it's head above 6960 then one may expect a little bit of upside with successive resistances at 7054, 7136 and 7266.

The intraday traders may trade on the long side if the Nifty trades above 6961 to unwind at 7010. However, below 6930 they may short the Nifty to cover at 6887.

The short-term traders may continue to play on the short side with stop loss at 7136.

The mid term investors may sit on the side lines on Monday the 15th and 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 for February 12 2016

The Nifty has lost quite a ground and with the key support of 7150 taken out the next support is at 6770. The Market is in for loss now although a bounce back due to short covering cannot be ruled out today with resistances at 7045 and 7135.

Traders may trade accordingly and investors may stay away today.

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.