Tips on stock picks and trading strategies for July 13 2016

The immediate support of the benchmark index is at 8499 and the day traders may go long if the Nifty trades above this mark to book profit at 8556. However, if the Nifty trades below 8499, they may short the Nifty to cover at 8475/ 8461.

The short-term investors may ride their longs and even add more in case of weakness in the index with stop loss at 8400.

The mid-term investors may consider buying Yes Bank at 1144.95 for a target of 1178.45.

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 July 12 2016

Contrary to our expectations in our previous post, the Nifty opened gap up and soared to higher levels with bulls in full command. If the Nifty manages to remain above 8382 in the ensuing sessions and the next, then a breakout from the current trading range will be confirmed.

The resistances for the index are at 8490, 8510 and 8555 and the supports are at 8455 and 8382.

The day traders may go long in Nifty if it trades above 8455 for a target of 8490 or 8510 as the case may be. They may however go short if it trades below 8445 to cover at 8405.

The short term traders may consider going long with stop loss at 8350.

The mid term investors may consider buying Ambuja Cements at 259.55 and Indusind Bank at 1110.60 and 1080.45.

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 July 11 2016 to July 15 2016

The nifty behaved throughout the week very much in expected lines and was unable to conquer the resistance of 8385 (as stated in our previous weekly post ) on closing basis. Unable to surmount the crucial resistance, it weakened somewhat.

The resistance for the week is at 8356 which the Nifty must conquer for bulls to come back into action taking Nifty to higher highs. The support is at 8107.

The day traders may go long if the Nifty trades above 8335 for a target of 8356. They may short the Nifty if it trades below 8320 to cover at 8275.

The short term traders may continue to short the Nifty in case of strength with stop loss at 8256.

The mid term investors may consider buying Kotak Bank at 732.15 and 725.55 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.

Tips on stock picks and trading strategies for July 8 2016

For the benchmark index to resume its bullish move, the Nifty must trade above 8368 in the immediate session. The resistance thereafter is at 8405. On the flip side, the support is at 8107.

The day traders may go long only if the Nifty trades above 8347 in the opening hour with stop loss at 8338 for a target of 8370. They may short the Nifty below 8330 to cover at 8295.

The short term traders may add short positions in the index in case of strength with stop loss at 8405.

The mid term investors may bid for Hero Motors at 3044.75 and offer Lupin at 1782.10 both 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 July 7 2016

The benchmark index could not conquer the resistance of 8385 and therefore weakened in the previous session. The immediate resistance for Nifty is now at 8368 and bulls will return only if this level is crossed with volumes. Otherwise, Nifty will weaken and decline further to the support of 8285. 

The day traders may short the Nifty with stop loss at 8350 to cover at 8285. They may go long only above 8368 for a target of 8390.

The short term traders may continue to short the Nifty at higher levels in small lots.

The mid term investors may consider buying Ambuja Cement at 248.65, Hero Motor at 3068.35, Indusind Bank at 1080.55- 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.

Tips on stock picks and trading strategies for July 5 2016

As stated in our weekly post there does not seem to be much of a headroom from these levels as the signals are indicating that it is mostly the momentum that is pushing the market up north and sooner or later it will get tired. 

The immediate resistance for the day is at 8385 and the day traders may go long only if the benchmark index, Nifty trades above this mark with stop loss at 8375 for a target of 8410. They may however short the index if it fails to hold above 8370 to cover at 8345.

The short term traders may short the nifty at around 8425 in small lots.

The mid term investors may consider buying Ambuja Cement at 248.65.

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

Indian Markets for the week July 4 2016 to July 8 2016

Although the Nifty managed to conquer the crucial resistance of 8243 in the previous week yet the technical parameters of the benchmark index are not as convincing for the bullish move to continue. Moreover there are no leaders too strong to drive it much beyond from here. That being said, 8243 is now the crucial support that must hold for the bulls to be in action.
It may also be kept in mind that the stock exchanges will remain closed on July 6 2016.

The immediate resistance is at 8345 and 8385 and therefore the day traders may go long if the Nifty trades above this mark with stop loss at 8330 for a target of 8380. On the other hand they may short the nifty if it trades below 8320 to cover at 8285.

The short-term traders may, in case of up move add short positions in small lots at around 8400.

The mid term investors may continue selling Asian Paints at 1010.15, Goldman Sachs Bank ETF at 1842.27,  Grasim at 4695.65, Hero Motors at 3199.35 and LICHousing at 509.65- 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