Tips for traders and investors in the Indian Stock Markets on May 30 2014.

As we had predicted in our previous post, a breakout did come taking Nifty below the key support of 7268, signalling a bit of change in the medium term trend. What remains to be seen in today’s session is whether the breaching of 7268 is confirmed, i.e. whether the breakout is confirmed. If Nifty remains below the key support, then the breakout, albeit in negative will be confirmed.

With that in mind, the intra-day traders may go short if the Nifty trades below the 7238 mark with stop loss at 7256 to book profits at 7100 and 7178. However if it trades above the 7268 mark conclusively, then they may go long with stop loss at 7268 to book profit at 7286 and 7316.

Short-term traders may short the market if Nifty slides below 7230 with volumes. Otherwise they may watch whether the support of 7268 is breached conclusively or not. If not then they may start adding long positions with stop loss at 7230.

Mid-term investors may just wait and watch today.

(Feel free to write to us for our free advice regarding the stocks which you already hold in your portfolio. Kindly send the quantity and price at which you bought the non-performers. Much better, subscribe by email. It is free. And, what is more, we do not disclose your IDs or portfolio.)

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 for traders and investors in the Indian Stock Markets on May 29 2014.

The settlement day of May series has finally arrived and we see a breakout coming, which may be in the form of a wild swing, the direction not being clear.

With that in mind, the intra-day traders may go short if the Nifty trades below the 7315 mark with stop loss at 7325 to book profits at 7283 and 7268. However if it trades above the 7332 mark then they may go long with stop loss at 7325 to book profit at 7369 and 7420.

Short-term traders may stay away today and just watch.

Mid-term investors may bid for Bank of Baroda at 847.85.  

(Feel free to write to us for our free advice regarding the stocks which you already hold in your portfolio. Kindly send the quantity and price at which you bought the non-performers. Much better, subscribe by email. It is free. And, what is more, we do not disclose your IDs or portfolio.)

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 for traders and investors in the Indian Stock Markets on May 28 2014.

In spite of the settlement pressure on the benchmark index, the Nifty is not giving up and the bulls are certainly in no mood to back step.

The traders are once more reminded that they may trade in the June series.

The intra-day traders may go long if the nifty trades above the 7335 mark conclusively with stop loss at 7321 to book profit at 7355 and 7380. However, if the nifty trades below the 7301 mark then they may open shorts with stop loss at 7321 to book profits at 7268. Short-term traders may go long if it weakens down to around 7275 with strict stop loss at 7268. They may open short positions if the support of 7268 is breached.

Mid-term investors may bid for Bank of Baroda at 905.55.  

(Feel free to write to us for our free advice regarding the stocks which you already hold in your portfolio. Kindly send the quantity and price at which you bought the non-performers. Much better, subscribe by email. It is free. And, what is more, we do not disclose your IDs or portfolio.)

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 for traders and investors in the Indian Stock Markets on May 27 2014.

The Nifty suddenly gave up all its gains in the last hour dropping by 234 points, before closing flat in the previous session. The settlement blues have set in, otherwise the Nifty is very much bullish.

The intra-day traders may go long if the nifty trades above the 7380 mark conclusively with stop loss at 7370 to book profit at 7400, 7434 and 7485. However, if the nifty trades below the 7365 mark then they may open shorts with stop loss at 7380 to book profits at 7313 and 7250.

Short-term traders may go long if it weakens down to around 7275 with strict stop loss at 7268. They may open short positions if the support of 7268 is breached.

Mid-term investors may bid for Bank of Baroda at 879.60.  

(Feel free to write to us for our free advice regarding the stocks which you already hold in your portfolio. Kindly send the quantity and price at which you bought the non-performers. Much better, subscribe by email. It is free. And, what is more, we do not disclose your IDs or portfolio.)

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 for traders and investors in the Indian Stock Markets on May 26 2014.

We presume that the intraday and short term traders must have exited all their positions as advised by us. 

The Nifty is not giving up and is all set up to rise further but this being the triple witching week as the settlement of the May F&O series is due on May 29, we advice that no further positions need be taken in the current series and the followers of this blog are advised to start taking positions in the June series.

The intra-day traders may go long if the nifty trades above the 7350 mark conclusively with stop loss at 7335 to book profit at 7395. However, if the nifty trades below the 7325 mark then only they may open shorts with stop loss at 7350 to book profits at 7302.

Short-term traders may go long if it weakens.

Mid-term investors may bid for Bank of Baroda at 905.55.  

(Feel free to write to us for our free advice regarding the stocks which you already hold in your portfolio. Kindly send the quantity and price at which you bought the non-performers. Much better, subscribe by email. It is free. And, what is more, we do not disclose your IDs or portfolio.)

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 for traders and investors in the Indian Stock Markets on May 23 2014.

The Nifty remained inconclusive yesterday and chances of sharp and choppy swings can not be ruled out. 

The intra-day traders may go long if the nifty trades above the 7296 mark with stop loss at 7265 to book successive profits at 7308 and 7342. However, if the nifty trades below the 7268 mark then only they may open shorts with stop loss at 7278 to book successive profits at 7249, 7226 and 7198.

Short-term traders may square off all their positions in Nifty.

Mid-term investors may bid for Bank of Baroda at 905.55.  

(Feel free to write to us for our free advice regarding the stocks which you already hold in your portfolio. Kindly send the quantity and price at which you bought the non-performers. Much better, subscribe by email. It is free. And, what is more, we do not disclose your IDs or portfolio.)

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 for traders and investors in the Indian Stock Markets for May 22 2014

There are still no signs of the Nifty giving up and another leg up seems imminent in near term albeit with a bit more of consolidation if at all.

The intra-day traders may go long if the nifty trades above the 7262 mark with stop loss at 7245 to book successive profits at 7286 and 7325. However, if the nifty trades below the 7230 mark then only they may open shorts with stop loss at 7245 to book successive profits at 7212 and 7175.

Short-term traders may go long if Nifty weakens down a bit with stop loss at 7180 They may also go long in Bank of India with stop loss at 291.20.

Mid-term investors may bid for Bank of Baroda at 905.55, Ambuja Cement at 210.85 and Tata Motors at 427.45 in small quantities and continue selling the non performers in their portfolio in each rise.  

(Feel free to write to us for our free advice regarding the stocks which you already hold in your portfolio. Kindly send the quantity and price at which you bought the non-performers. Much better, subscribe by email. It is free. And, what is more, we do not disclose your IDs or portfolio.)

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.