Tips on stock picks and trading strategies for July 27 2016

We hope that the followers of this blog had heeded our advice in our previous post and booked profit in their long positions in the Nifty. markets are expected to be volatile in the next session but by and large Nifty is expected to be in within the 8425 to 8650 range. Chances of expiry of July F&O series on July 28 below 8600 can not be ruled out.

The day traders may go long only if the index trades above 8620 to unwind at 8650. They may short the Nifty if it trades below 8604 to cover at 8564.

The short term traders may consider buying long positions in Nifty in August series if the Nifty weakens further and trades around 8495.

The mid term investors may consider buying Larsen at 1553.25 and Koyak mahindra Bank at 740.10, and 728.85, both the stocks 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 26 2016

The market showed extra bullishness in the previous session. Our view is that although the markets in general and Nifty in particular will continue to remain bullish but in the short term the bulls might get trapped as the signals of a possible correction are emanating. So as a matter of caution and in the view of the settlement of July F & O series which is due on July 28, we advise the short term traders to exit their long positions that we had been advising to ride and collect profits at anywhere above 8600.

The day traders may go long only if the Nifty trades above 8600 to unwind at 8625. They may short the Nifty if it trades below 8590 to cover at 8565.

The mid term investors may look for opportunities in case of a correction only in the key stocks we have been recommending in our previous week posts.

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 20 2016

The markets in general are expected to consolidate drifting down but overall the sentiment is bullish and chance for people left out of the recent bull run to get in the band wagon.

The day traders may go long if the Nifty trades above 8515 for a target of 8553. However, below 8500 they may short the Nifty to cover at 8451.

The short-term traders may consider going long on Nifty in August series, in case of weakness with stop loss at 8400.

The mid term investors may bid for Yes Bank at 1137.05 and 1097.10, Kotak Mahindra at 755.35, ITC at 241.35, Indusind Bank at 1102.15 and 1084.45, hero Motor at 3171.40, Grasim at 4633.40- all in small quantities and they may also consider offering Ambuja Cements at 267.15 and 270.25 and Lupin at 1749.60.

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 19 2016

The day traders may go long in Nifty only if it trades above 8552 for a target of 8610. On the flip side they may short the index if it trades below 8530 to cover at 8380.

The short-term traders may book profits and unwind all their long positions in the index for the July series.

The mid term investors may consider buying the key stocks as indicated in our weekly 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.

Indian Markets for the week July 18 2016 to July 22 2016

The benchmark index in particular and the overall market in general might perform a bit more from here with the immediate support of Nifty being at 8529 and thereafter at 8405, 8180 and 8050. The immediate resistance for Nifty is at 8562 and thereafter at 8590, 8616 and 8662. 

The day traders may go long in Nifty if it trades above 8562 for a target of 8590/ 8616. On the flip side, they may short the Nifty if it trades below 8529 to cover at 8502/ 8492.

The short-term traders may continue trading on long side raising their stop loss to 8460 and start booking profits around 8590, 8616 and 8662.

The mid term investors may consider going long in Ambuja Cement at 261.05 for a target of 269.40 (stop loss at 256.75), Hero Motors at 3192.40 and 3170.90 in small quantities, Indusind Bank at 1114.65, ITC at 247.95 and 241.30 in small quantities, Kotak Mahindra Bank at 769.45 and 755.35 in small quantities and Yes Bank at  1156.55 and 1137.05.

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 stock picks and trading strategies for July 15 2016

The day traders may go long in the benchmark index Nifty if it trades above 8545 in the opening hour for a target of 8595 or 8615 as the case may be. However, if it trades below 8527, they may short it to cover it at 8490.

The short-term traders may ride their longs and even add more long positions in the Nifty and raise their stop loss to 8420.

The mid term investors may consider buying Kotak Mahindra Bank at 770.75 for a target of 795.25.

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 stock picks and trading strategies for July 14 2016

The day traders may go long if the index trades above 8530 for a target of 8565 with stop loss at 8520. However, if the Nifty trades below 8508, they may short the index to cover at 8484.

The short-term traders may play it on the long side by riding their long positions and adding more longs and raise their trailing stop loss to 8410.

The mid term investors may consider buying Indusind Bank at 1084.45 and Yes Bank at 1125.45.

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.