Welcome to SUMAMURA

January 2014

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Monday, January 20 2014

 

INTRA

 

DATE

20th  january 2014

 

stocks / indices

go

entry

Target

Stoploss

PREFER TO TRADE IN THE DIRECTION OF NIFTY . . .

BANK NIFTY SPOT

short

10900

10845/790/735/680

10955

long

10955

11010/065/120/175/230

10900

RELIANCE

short

888

882/76/70/64

894

long

894

900/06/12

888

SBI

short

1620

1613/06/1599/92

1627

long

1627

1634/41/48/55

1620

icici bank

short

1035

1030/24/19

1041

long

1041

1046/52/57

1035

LT

short

1003

998/93/88/83

1008

long

1008

1013/18/23/28

1003

TATA MOTORS

short

 368.00

365.5/63/60.5

370.5

long

370.5

373/75.5/78

368

ITC

short

325

323.5/22/20.5/19

326.5

long

326.5

328/29.5/31

325

TCS

short

2218

2205/2192/79/66/53

2231

long

2231

2244/57/70

2218

bharti airtel

short

312

309/06/03/300

313.5

long

315

318/21/24

313.5

hero moto

short

2065

2053/41/29/17/05

2077

long

2077

2089/101/13

2065

idea

short

151.5

150/48.5/47

153

long

153

154.5/56

151.5
Monday, January 20 2014

 

POSN TRADING

weekly

DATE

20th / 24th  january  2013

 

stocks / indices

go

entry

Target

Stoploss

ALWAYS PREFER TRADES IN THE DIRECTION OF NIFTY

cnx nifty

short

6215

6145/075/6005

6250

long

6285

6355/415/485

6250

bse sensex

short

20940

19740/540/340

21040

long

21140

21340/540/740

21040

 BANK NIFTY

Short

10910

10830/750/670/590/510

10990

Long

10990

11070/150/230/310/390

10910

CNX IT

Short

9810

9720/630/540/450

9900

Long

9900

9990/10080/170/260

9810

aurobindo

Short

386

381/76/71/66/61/56

391

Long

391

396/401/06/11/16/21/26/31

386

axis bank

Short

1153

1142/31/20/09/1098

1164

Long

1164

1175/86/97

1153

BHARTI

Short

312

308/04/300/296/92

316

Long

316

320/24/28

312

BOB

Short

629

623/17/11/05/599

635

Long

635

641/47/53/59

629

CIPLA

Short

413

408/03/398/93/88/83

418

Long

418

423/28/33/38

413

dr reddys

Short

2635

2615/2595/75/55/35/15

2655

Long

2655

2675/95/2715/35/55

2635

HCL TECH

Short

1369

1357/45/33/21/09/1297/85

1381

long

1381

1393/1405/17/29

1369

HDFC

Short

832

821/10/799/88/77

843

Long

843

854/65/76/87

832

hdfc bank

Short

665

659/53/47/41

671

Long

671

677/83/89/95

665

HUL

Short

551

542/33/24/15

555.5

Long

560

569/78/87

555.5

ICICI BANK

Short

1032

1022/11/01

1043

Long

1043

1053/64/74/85

1032

IDFC

Short

100.5

99.5/98.5/97.5/96.5

101.5

Long

101.5

102.5/03.5/04.5/05.5

100.5

INFOSYS

Short

3700

3670/40/10/3580/50/20

3730

long

3730

3760/90/3820/50

3700

ITC

Short

323

319.5/16/12.5/09/05.5

326.5

Long

330

333.5/37/40.5/44

326.5

LT

Short

1001

991/81/71/61/51

1011

Long

1011

1021/31/41/51

1001

M&M

Short

897

886/75/64/53

908

Long

908

919/30/41/52

897

MARUTI

Short

1778

1762/46/30/14/1698

1794

Long

1794

1810/26/42/58

1778

ONGC

Short

283

280.5/78/75.5/73/70.5

285.5

long

285.5

288/90.5/93/95.5

283

PNB

Short

596

587/78/69/60/51

605

Long

605

614/23/32/41/50

596

RELIANCE

Short

886

878/70/62/54

894

long

894

902/10/18/26

886

sun pharma

Short

591

584.5/78/71.5/65

597.5

Long

597.5

604/10.5/17/23.5/30

591

SBI

Short

1620

1604/1588/72

1620

Long

1638

1656/72/88/1704/20

1638

TATAMOTORS

Short

370

366/62/58/54/50

374

Long

374

378/82/86/90

370

TATASTEEL

Short

378

372/66/60/54

381

Long

384

390/96/402/08

381

TCS

Short

2197

2181/65/49/33/17/01

2213

Long

2229

2245/61/77/93

2213

 

 

 

 

 

 

 

 

 

CNX AUTO

short

5205

x

5255

long

5255

x

5205

CNX ENERGY

short

7745

x

7840

long

7840

x

7745

CNX FMCG

short

16850

x

16975

long

16975

x

16850

CNX INFRA

short

2310

x

2332

long

2332

x

2310

CNX METAL

short

2415

x

2440

long

2440

x

2415

CNX MIDCAP

short

7745

x

7790

long

7790

x

7745

CNX PHARMA

short

7800

x

7880

long

7880

x

7800

CNX PSU BANKS

short

2400

x

2425

long

2425

x

2400

CNX REALTY

short

170

x

171.5

long

171.5

x

170
Monday, January 20 2014 TO Friday, January 24 2014

 

POSN TRADING

weekly

DATE

20th / 24th  january  2013

 

stocks / indices

go

entry

Target

Stoploss

ALWAYS PREFER TRADES IN THE DIRECTION OF NIFTY

cnx nifty

short

6215

6145/075/6005

6250

long

6285

6355/415/485

6250

bse sensex

short

20940

19740/540/340

21040

long

21140

21340/540/740

21040

 BANK NIFTY

Short

10910

10830/750/670/590/510

10990

Long

10990

11070/150/230/310/390

10910

CNX IT

Short

9810

9720/630/540/450

9900

Long

9900

9990/10080/170/260

9810

aurobindo

Short

386

381/76/71/66/61/56

391

Long

391

396/401/06/11/16/21/26/31

386

axis bank

Short

1153

1142/31/20/09/1098

1164

Long

1164

1175/86/97

1153

BHARTI

Short

312

308/04/300/296/92

316

Long

316

320/24/28

312

BOB

Short

629

623/17/11/05/599

635

Long

635

641/47/53/59

629

CIPLA

Short

413

408/03/398/93/88/83

418

Long

418

423/28/33/38

413

dr reddys

Short

2635

2615/2595/75/55/35/15

2655

Long

2655

2675/95/2715/35/55

2635

HCL TECH

Short

1369

1357/45/33/21/09/1297/85

1381

long

1381

1393/1405/17/29

1369

HDFC

Short

832

821/10/799/88/77

843

Long

843

854/65/76/87

832

hdfc bank

Short

665

659/53/47/41

671

Long

671

677/83/89/95

665

HUL

Short

551

542/33/24/15

555.5

Long

560

569/78/87

555.5

ICICI BANK

Short

1032

1022/11/01

1043

Long

1043

1053/64/74/85

1032

IDFC

Short

100.5

99.5/98.5/97.5/96.5

101.5

Long

101.5

102.5/03.5/04.5/05.5

100.5

INFOSYS

Short

3700

3670/40/10/3580/50/20

3730

long

3730

3760/90/3820/50

3700

ITC

Short

323

319.5/16/12.5/09/05.5

326.5

Long

330

333.5/37/40.5/44

326.5

LT

Short

1001

991/81/71/61/51

1011

Long

1011

1021/31/41/51

1001

M&M

Short

897

886/75/64/53

908

Long

908

919/30/41/52

897

MARUTI

Short

1778

1762/46/30/14/1698

1794

Long

1794

1810/26/42/58

1778

ONGC

Short

283

280.5/78/75.5/73/70.5

285.5

long

285.5

288/90.5/93/95.5

283

PNB

Short

596

587/78/69/60/51

605

Long

605

614/23/32/41/50

596

RELIANCE

Short

886

878/70/62/54

894

long

894

902/10/18/26

886

sun pharma

Short

591

584.5/78/71.5/65

597.5

Long

597.5

604/10.5/17/23.5/30

591

SBI

Short

1620

1604/1588/72

1620

Long

1638

1656/72/88/1704/20

1638

TATAMOTORS

Short

370

366/62/58/54/50

374

Long

374

378/82/86/90

370

TATASTEEL

Short

378

372/66/60/54

381

Long

384

390/96/402/08

381

TCS

Short

2197

2181/65/49/33/17/01

2213

Long

2229

2245/61/77/93

2213

 

 

 

 

 

 

 

 

 

CNX AUTO

short

5205

x

5255

long

5255

x

5205

CNX ENERGY

short

7745

x

7840

long

7840

x

7745

CNX FMCG

short

16850

x

16975

long

16975

x

16850

CNX INFRA

short

2310

x

2332

long

2332

x

2310

CNX METAL

short

2415

x

2440

long

2440

x

2415

CNX MIDCAP

short

7745

x

7790

long

7790

x

7745

CNX PHARMA

short

7800

x

7880

long

7880

x

7800

CNX PSU BANKS

short

2400

x

2425

long

2425

x

2400

CNX REALTY

short

170

x

171.5

long

171.5

x

170
Sunday, January 19 2014

 MY WEEKLY TAKE ....

 
 
Trading levels --- 20th / 24th    January  2014
 
We ended last week about 90 NIFTY points higher than the previous weekly close. Two days out of first three days were strong bullish days but the fourth day indicated a reversal as we started strong – threatening to make an all time high – but then reversed much lower. This bearish momentum gained strength on Friday when IT hugely underperformed after the not so strong TCS results.
 
SINCE BOTH BANKING AND IT SECTORS ARE SHOWING WEAKNESS,  FURTHER UPMOVE IN NIFTY LOOKS UNDER CLOUD.
 
Last week disappointing IIP figures were considered as blessing in disguise by the market. When the inflation – both CPI and WPI – came much lower than expectation, the bulls rejoiced being certain that there will not be a rate hike  by RBI on 28th January.   WE  CROSSED 6300 WITH EASE … SECOND TIME IN LESS THAN 2 WEEKS – ONLY TO REVERSE STRONGLY ON BOTH OCCASIONS.
 
I feel that this is an indication that everything is not hunky-dory with market internals and something is going to give way soon. Mid-caps continued to correct in a big way and that confirms my thinking.
 
Rahul Gandhi’s decision to increase number of subsidised  gas cylinders to 12 indicates that Government is  becoming populist on election eve and that will  dent market sentiment significantly.
 
We should be again heading towards 6130/6150 - the lower end of the band – and let us hope it will hold up again.
 
TCS results were as expected  but large forex gain saved the day. I feel all IT stocks have run ahead of fundamentals and 4/5 % correction in CNX IT is overdue. That wl result in sharper falls in individual IT stocks. Process seems to have started on Friday.
 
I exited 6250 call  even steven  and added 6200 put which I hope will make me money next week.  I think odds are on my side.
 
Finally trading in stock market is all about playing percentages  … ISNT IT ???
 
Please remember CAPITAL is always scarce and needs to be respected.
 
I have released CY 2014  trading levels  on my website – http://www.sumamura.com/sumamura-messages/.  
 
JANUARY2014 LEVELS are out ON 1st January. You can have a look at the same before entering fresh trades. 
 
My monthly trading levels are out and paid members have them. At 3,000 rupees a year, they provide tremendous value for money proposition.
Friday, January 17 2014

 

NIFTY SPOT INTRA
 
go short / long  - 6310 / 6335
 
stop loss –  opposite
 
long targets –  6360/85/410
 
short targets –  6285/260/235
 
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