Trade Recommendations : Buy June Series

11.05AM

Target Achieved. JPassociat May Futures traded at 67.5. Profit : Rs 6000/-

10.30AM

Buy JPassociat May Futures at 66/66.5 for target of 67.5 for today
Presently trading at 66. Buy

In today's trading, we will keep a look out for some stock futures of June series for buying. These stocks and their buy levels are given below:-

1. Buy Chamblfert June Futures at 43/44. Target -50.
2. Buy Jindalstel June Futures at 260/265. Target- 300
3. Buy Hexaware June Futures at 70/72. Target- 78
4. Buy Tatapower June Futures at 85/86. Target 92

It may take a few trading sessions  for the given buy prices to be achieved. However track them by keeping them in your trading screen. With volatile market you never know; you can get these buy prices anytime. All the best for trading!

Bloodbath on the Street : But Profit Time For My Followers

I hate to say this, but today markets witnessed some horrendous sell off. Crazy market move on the downside was expected but some sectors saw some serious sell off. I have been continuously warning the bulls to shift their stance to selling. Take a look at the list of blog-posts where I have been consistently pleading everyone to be on the sell side :-

Investors - Time To Consider Shifting To Buying Real Estate
Sell In May & Go Away - Should We This Time?
Selling in May Has Started - Nifty On Course To Target
Short Selling - Get Ready To Take Another Shot
Indian Markets Chug Along - But Bulls Beware of Trap
Markets Sell Off In Second Half - You Were Forewarned
Short Positions For 21st May : Stock Futures

 Ferocious selling today should not have harmed those who have been following this blog. However I am still sad that I got some of you to exit your sell positions earlier than you should have. This means that some of you would not have realized the full profit potential of your short positions - all because I got unnerved. My apologies. Instead of asking you to square off your short positions, I should have told you to keep a trailing stop loss. We live and learn I guess.

Those who sold CESC May Futures at 330 as per my recommendations in 21st May post, would have squared off today at the given target price of 316. They would have earned profit of Rs 14000/- from one lot in CESC.

Those who are still to take action as per my recommendations, should start trading right from tomorrow. There will be plenty of earning opportunities in trading stock futures in May. However I will be giving recommendations for trading the June series from now onwards. And tomorrow morning by 8 AM you will, get recommendations of some stock futures to trade. So check here tomorrow to get your tips before market opens. Don't miss the trades.

Time to Book Profit In Nifty

Right since middle of April I have been harping on the fact that we should be on sell side. In fact I have advised against investing in stock market at present and instead only trade in stock futures. You can see it in this post here Execute Your Trading Plan Now

Also since May I have been asking traders to go short in the market. Last time I recommended selling Nifty June Futures was at 6230 in this post here Indian Markets Chug Along - But Bulls Beware of Trap

As you can see I had warned bulls in the market to be cautious. Today Nifty June Futures slipped and closed at 6127. Those who have shorted Nifty at 6230 level can think of booking profit as market opens tomorrow and Nifty is around today's closing price. This should give them a neat profit of Rs 5000/- per lot in two days of trading.

Those who still haven't executed any trade can do so tomorrow. If market opens positive look to execute trade recommendations that I had posted today before market opening. You can look them up here Short Positions For 21st May : Stock Futures

Keep trading since you will get umpteen opportunities this May to trade on the short side. All the best!

Short Positions For 21st May : Stock Futures

Short Sell the following stock futures of May series to make profit:-

1. Sell CESC at  330/335 for target of 316
2. Sell Maruti at 1780/1790 for target of 1725
3. Sell Indusindbank at  520/525 for target of 490
4. Sell Kotakbank at 790/795 for target of 760 

There are others which may or may not reach their sell levels today. But in case they do, then you can also sell the following at levels indicated below:-

• Sell LICHSGFIN at 284/287 for target of  270
• Sell Yesbank at 537/540 for target of  519
• Sell Lupin at 800/805 for target of 750

ALL THE VERY BEST!

Markets Sell Off In Second Half - You Were Forewarned

Today markets opened with a gap up. Nifty June Futures opened at 6215, gap up of 14 points. It went to a high of 6247 and closed at 6174. In my last blog-post of 17th May titled Indian Markets Chug Along - But Bulls Beware of Trap I had forewarned that selling will be witnessed in second half of trading session. And that is why I had recommended selling Nifty at 6230. Some of you have heeded my advice and are short in Nifty. But those who are still debating, this post is for them. Tomorrow initially Nifty should move up and so you can short Nifty June Futures at 6190/6200. Reason is simple. You can see Bearish Engulfing candlestick pattern in Nifty formed after today's trade.

 

Hence those who missed selling today can go right ahead and sell tomorrow at levels indicated above. In case you send me feedback on what your opinion is or what your queries are, then I can be of more help. There are times when I also feel  the need to update you when the market is in progress. There are times when I can tell you to exit or enter market as per the prevailing conditions of the market so as to maximize profit. 

To achieve that I will be updating very important points in this blog during market hours also. For you to easily access my blog-post, you should download my toolbar which is available at the right sidebar. This toolbar is a google powered Alexa toolbar and has the following advantages :-

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