Sunday, November 29, 2015

Recommendations for the week 30 Nov-4 Dec

KOTAKBANK (Buy): Buy KOTAKBANK near 698.75 for target of 707. Stoploss at 688

SKSMICRO (Buy)Buy SKSMICRO near 454 for target of 470. Stoploss is 445 

M&M (Sell): Sell M&M near 1351 for a target of 1330Stoploss is 1370 

My Prime Cash portfolio completed 6 months. This portfolio has given returns of 32.6% during this period. 

Check the detailed performance hereThis portfolio invests in socks for short to medium term. 

Investors are advised to read disclaimer before buying any stock. 

To subscribe to Free Recommendations and Newsletter click here 

End of relief rally? - NIFTY View For Week 30 Nov-4 Dec

In this newsletter read about probable move in Nifty.

I am sure you would have benefited by early indication of probable up-move in my last week's letter. 
World markets continued their upward movements, however those moves were with low conviction. In coming week we have series of events like GDP, CPI data and RBI policy are  lined up. Much will depend on these numbers. 

Technical Overview: Last week Nifty made high of 7959 and low of 7812. A range of 147 points. That’s a pretty narrow range of green candle to be termed as Bullish. This candle pattern is suggesting the neutral sentiments with positive bias.  

Nifty has resistance near 7926-8002 area.  

Nifty is now trading near this resistance area. If Nifty has to see further up move, it need to close and sustain above 8002 level.   

If Nifty resumes its down-trend from this resistance, it can move down to 7750 in days to come. 

I feel, after reaching its resistance (7926-8002)Nifty can move down to retest the bottoms once. Be prepared for that down move.   

I run trading portfolio in Options for conservative traders and comparatively safer returns of 3-5% per month. I use hedging strategies to generate relatively safer returns per month.  Click here to read more about "Index Options" portfolio. Click here for Index Options Performance. 

If you wish to trade in Options for safe returns subscribe here of Index Options Portfolio.  


                                                                                    

Monday, November 23, 2015

How to trade Nifty expiry - NIFTY View For Week 23-27 Nov


In this newsletter read about how to trade Nifty and details of my last trade in Nifty Options 

Last week I had indicated at a relief rally which has come about and still sustaining. World markets traded mostly in green in last week. 

Technical Overview: Last week Nifty made high of 7907 and low of 7714. A range of 193 pointsA bullish engulfing pattern is formed on Nifty weekly chart. This pattern suggests reversal of a down trend. 
As I had suggested last week, Nifty bounced from its support. This week we expect further up-move in Nifty. However this up-move is just a correction in ongoing down-trend. 

Nifty has resistance near 7926-8002 area.  

We are in F&O expiry week. Markets are expected to trade choppy with small moves. This scenario does not give trading opportunities. Better to stay away trading Nifty in Futures.

However one can trade this Iron Condor Trade:
Time frame till expiry. Returns expected 1.2%. Risk 1%.
Buy Nifty 8100 Call
Sell Nifty 800 Call
Sell Nifty 7800 Put
Buy Nifty 7700 Put

I feel, after reaching its resistance (7926-8002)Nifty can move down to retest the bottoms once. Be prepared for that down move.   



Let me discuss a very successful trade which I and my paid subscribers had taken this month. (I had briefly mentioned about this trade in last week's newsletter) 

I had traded Nifty short strangle. The trade was taken on 6th Nov and exited on 19th Nov. This trade has made us profit of 3202 per Lot. Margin required for trading this strangle is 66000. So the trade earned returns of 4.8% in 13 days. In couple of days I will explain in  on my blog why & how did I trade this Strangle. 

For the time being check the prices and dates of above trade here 

I run trading portfolio in Options (in which trades like one explained above are taken) for conservative traders and comparatively safer returns of 3-5% per month. I use hedging strategies as one mentioned above to generate relatively safer returns per month.  Click here to read more about "Index Options" portfolio. Click here for Index Options Performance. 

If you wish to trade in Options for safe returns subscribe here of Index Options Portfolio.  

Click here to subscribe to this newsletter for Free.