January 2014
|
INTRA |
|
DATE |
13th january 2014 |
|
|
stocks / indices |
go |
entry |
Target |
Stoploss |
|
PREFER TO TRADE IN THE DIRECTION OF NIFTY . . . |
||||
|
BANK NIFTY SPOT |
short |
10805 |
10740/675/610 |
10870 |
|
long |
10870 |
10935/11000/065/130 |
10805 |
|
|
RELIANCE |
short |
863 |
858/53/48 |
868 |
|
long |
868 |
873/78/83 |
863 |
|
|
SBI |
short |
1609 |
1600/1591/82 |
1618 |
|
long |
1618 |
1627/36/45 |
1609 |
|
|
icici bank |
short |
1029 |
1022/15/08/01 |
1036 |
|
long |
1036 |
1043/50/57/64 |
1029 |
|
|
LT |
short |
957 |
951/45/39/33 |
963 |
|
long |
963 |
969/75/81 |
957 |
|
|
TATA MOTORS |
short |
365.50 |
363/60.5/58 |
368 |
|
long |
368 |
70.5/73/75.5/78 |
365.5 |
|
|
RANBAXY |
short |
465.5 |
462.5/59.5/56.5/53.5 |
468.5 |
|
long |
468.5 |
471.5/74.5 |
465.5 |
|
|
federal bank |
short |
78 |
76.5/75 |
78.75 |
|
long |
79.5 |
81/82.5/84 |
78.75 |
|
|
VOLTAS |
short |
107 |
106/05/04/03 |
108 |
|
long |
108 |
109/10/11/12/13 |
107 |
|
|
TCS |
short |
2294 |
2286/78/70/62/54 |
2302 |
|
long |
2302 |
2310/18/26 |
2294 |
|
|
INFY |
short |
3592 |
3574/57/39/22 |
3610 |
|
long |
3610 |
3627/45/62/80 |
3592 |
|
my weekly take .....
Trading levels --- 13th / 17th January 2014
We ended last week about 40 NIFTY points lower than the previous weekly close. First four days were all narrow range days indicating requirement of a trigger to break-out on either side.
INFY results did provide the trigger and NIFTY galloped to 6240 during the first half of Friday on the back of strong performance of IT sector and small help from banking. But mid-afternoon banking just collapsed erasing all the gains of the morning and going on to post a new weekly low before recovering in last 30 minutes.
Later on, we had a very disappointing IIP figure of -2.1 % and markets would react negatively on Monday at opening. We will have WPI and CPI inflation figures later on Monday and that will probably chart the further course of the market.
6130/6150 zone is crucial for NIFTY and if we break that decisively on Monday, we could be heading for 6060/6030 area.
Another worrying factor was Friday sell-off in midcap stocks which were performing so well in last 8/10 days. This exposes the soft underbelly of the market. That was the reason I was recommending trimming of exposure to midcaps in the new year. I expect these cuts to continue for few more days unless we have a sharp pullback on Tuesday after the inflation figures.
I will continue to hold 6100 put and 6250 call for a day more and decide on Tuesday depending upon how market reacts to inflation numbers. However I must say that this long strangle trade has not gone as intended due to sudden collapse of NIFTY futures premium.
INFY results are just in line and most of the additional margins have come because of shifting a portion of onsite work to offshore. But beware, this will mean higher wage increases in future as employees will be missing opportunities to get overseas travel allowances. I AM NOT OVERTLY BULLISH ON NIFTY BUT RESERVE MY CALL TILL WE SEE TCS RESULTS.
I had initiated a bear spread on INFY 2 days before the results which was cut with small loss of 40 odd points. But I was betting on 150 points gain which did not work out.
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 SAMVAT 2013/14 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.
|
POSN TRADING |
weekly |
DATE |
13th / 17th january 2013 |
|
|
stocks / indices |
go |
entry |
Target |
Stoploss |
|
ALWAYS PREFER TRADES IN THE DIRECTION OF NIFTY |
||||
|
cnx nifty |
short |
6170 |
6098/26/5954 |
6242 |
|
long |
6242 |
6314/86/458 |
6170 |
|
|
bse sensex |
short |
20820 |
20580/340/100 |
21060 |
|
long |
21060 |
21300/540/780 |
20820 |
|
|
BANK NIFTY |
Short |
10770 |
10660/550/440/330 |
10880 |
|
Long |
10880 |
10990/11100/210/320 |
10770 |
|
|
CNX IT |
Short |
9680 |
9580/480/380 |
9780 |
|
Long |
9780 |
9880/980/10080 |
9680 |
|
|
aurobindo |
Short |
394 |
389/84/79/74/69/64 |
399 |
|
Long |
399 |
404/09/14/19 |
394 |
|
|
axis bank |
Short |
1162 |
1151/40/29/18/07 |
1173 |
|
Long |
1173 |
1184/95 |
1162 |
|
|
BHARTI |
Short |
330 |
327/24/21/18/15 |
333 |
|
Long |
333 |
336/39/42/45 |
330 |
|
|
BOB |
Short |
616 |
609.5/03/596.5/90 |
622.5 |
|
Long |
622.5 |
629/35.5/42 |
616 |
|
|
CIPLA |
Short |
396 |
393/90/87/84/81/78/75/72 |
399 |
|
Long |
402 |
405/08/11/14/17/20 |
399 |
|
|
dr reddys |
Short |
2607 |
2577/47/17/2487/57 |
2637 |
|
Long |
2637 |
2667/97/2727/57 |
2607 |
|
|
HCL TECH |
Short |
1287 |
1276/65/54/43/32 |
1298 |
|
long |
1298 |
1309/20/31/42 |
1287 |
|
|
HDFC |
Short |
794 |
787/80/73/66 |
801 |
|
Long |
801 |
808/15/22/29 |
794 |
|
|
hdfc bank |
Short |
665 |
659/53/47/41 |
671 |
|
Long |
671 |
677/83/89/95 |
665 |
|
|
HUL |
Short |
550 |
544/38/32/26/20 |
556 |
|
Long |
556 |
562/68/74/80 |
550 |
|
|
ICICI BANK |
Short |
1025 |
1013/01/989/77 |
1037 |
|
Long |
1037 |
1049/61/73 |
1025 |
|
|
IDFC |
Short |
100 |
99/98/97 |
101 |
|
Long |
101 |
102/03/04/05 |
100 |
|
|
INFOSYS |
Short |
3575 |
3547/19/3491/63 |
3603 |
|
long |
3603 |
3631/59/87 |
3575 |
|
|
ITC |
Short |
320.5 |
315.5/10.5/05.5/300.5 |
323 |
|
Long |
325.5 |
330.5/35.5/40.5 |
323 |
|
|
LT |
Short |
957 |
949/41/33/25/17/09/01 |
965 |
|
Long |
965 |
973/81/89/97 |
957 |
|
|
M&M |
Short |
877 |
867/57/47 |
887 |
|
Long |
887 |
897/907/17 |
877 |
|
|
MARUTI |
Short |
1804 |
1781/58/35/12/1689 |
1827 |
|
Long |
1827 |
1850/73/96 |
1804 |
|
|
ONGC |
Short |
282.5 |
280/77.5/75/72.5/70 |
285 |
|
long |
285 |
287.5/90/92.5/95 |
282.5 |
|
|
PNB |
Short |
592 |
585.5/79/72.5/66 |
598.5 |
|
Long |
598.5 |
605/11.5/18/24.5/31 |
592 |
|
|
RELIANCE |
Short |
860 |
849/38/27/16 |
871 |
|
long |
871 |
882/93/904 |
860 |
|
|
sun pharma |
Short |
602 |
595/88/81/74/67/60 |
609 |
|
Long |
609 |
616/23/30/37 |
602 |
|
|
SBI |
Short |
1615 |
1595/75/55 |
1635 |
|
Long |
1635 |
1655/75/95 |
1615 |
|
|
TATAMOTORS |
Short |
369 |
365/61/57/53 |
373 |
|
Long |
373 |
377/81/85/89 |
369 |
|
|
TATASTEEL |
Short |
385 |
381/77/73/69 |
389 |
|
Long |
389 |
393/97/401/05/09 |
385 |
|
|
TCS |
Short |
2252 |
2222/2192/62/32/02 |
2282 |
|
Long |
2282 |
2312/42/72/2402 |
2252 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
CNX AUTO |
short |
5165 |
x |
5210 |
|
long |
5210 |
x |
5165 |
|
|
CNX ENERGY |
short |
7665 |
x |
7730 |
|
long |
7730 |
x |
7665 |
|
|
CNX FMCG |
short |
16900 |
x |
17020 |
|
long |
17020 |
x |
16900 |
|
|
CNX INFRA |
short |
2295 |
x |
2321 |
|
long |
2321 |
x |
2295 |
|
|
CNX METAL |
short |
2396 |
x |
2414 |
|
long |
2414 |
x |
2396 |
|
|
CNX MIDCAP |
short |
7816 |
x |
7864 |
|
long |
7864 |
x |
7812 |
|
|
CNX PHARMA |
short |
7850 |
x |
7900 |
|
long |
7900 |
x |
7850 |
|
|
CNX PSU BANKS |
short |
2390 |
x |
2415 |
|
long |
2415 |
x |
2390 |
|
|
CNX REALTY |
short |
173 |
x |
174 |
|
long |
174 |
x |
173 |
|
|
POSN TRADING |
weekly |
DATE |
13th / 17th january 2013 |
|
|
stocks / indices |
go |
entry |
Target |
Stoploss |
|
ALWAYS PREFER TRADES IN THE DIRECTION OF NIFTY |
||||
|
cnx nifty |
short |
6170 |
6098/26/5954 |
6242 |
|
long |
6242 |
6314/86/458 |
6170 |
|
|
bse sensex |
short |
20820 |
20580/340/100 |
21060 |
|
long |
21060 |
21300/540/780 |
20820 |
|
|
BANK NIFTY |
Short |
10770 |
10660/550/440/330 |
10880 |
|
Long |
10880 |
10990/11100/210/320 |
10770 |
|
|
CNX IT |
Short |
9680 |
9580/480/380 |
9780 |
|
Long |
9780 |
9880/980/10080 |
9680 |
|
|
aurobindo |
Short |
394 |
389/84/79/74/69/64 |
399 |
|
Long |
399 |
404/09/14/19 |
394 |
|
|
axis bank |
Short |
1162 |
1151/40/29/18/07 |
1173 |
|
Long |
1173 |
1184/95 |
1162 |
|
|
BHARTI |
Short |
330 |
327/24/21/18/15 |
333 |
|
Long |
333 |
336/39/42/45 |
330 |
|
|
BOB |
Short |
616 |
609.5/03/596.5/90 |
622.5 |
|
Long |
622.5 |
629/35.5/42 |
616 |
|
|
CIPLA |
Short |
396 |
393/90/87/84/81/78/75/72 |
399 |
|
Long |
402 |
405/08/11/14/17/20 |
399 |
|
|
dr reddys |
Short |
2607 |
2577/47/17/2487/57 |
2637 |
|
Long |
2637 |
2667/97/2727/57 |
2607 |
|
|
HCL TECH |
Short |
1287 |
1276/65/54/43/32 |
1298 |
|
long |
1298 |
1309/20/31/42 |
1287 |
|
|
HDFC |
Short |
794 |
787/80/73/66 |
801 |
|
Long |
801 |
808/15/22/29 |
794 |
|
|
hdfc bank |
Short |
665 |
659/53/47/41 |
671 |
|
Long |
671 |
677/83/89/95 |
665 |
|
|
HUL |
Short |
550 |
544/38/32/26/20 |
556 |
|
Long |
556 |
562/68/74/80 |
550 |
|
|
ICICI BANK |
Short |
1025 |
1013/01/989/77 |
1037 |
|
Long |
1037 |
1049/61/73 |
1025 |
|
|
IDFC |
Short |
100 |
99/98/97 |
101 |
|
Long |
101 |
102/03/04/05 |
100 |
|
|
INFOSYS |
Short |
3575 |
3547/19/3491/63 |
3603 |
|
long |
3603 |
3631/59/87 |
3575 |
|
|
ITC |
Short |
320.5 |
315.5/10.5/05.5/300.5 |
323 |
|
Long |
325.5 |
330.5/35.5/40.5 |
323 |
|
|
LT |
Short |
957 |
949/41/33/25/17/09/01 |
965 |
|
Long |
965 |
973/81/89/97 |
957 |
|
|
M&M |
Short |
877 |
867/57/47 |
887 |
|
Long |
887 |
897/907/17 |
877 |
|
|
MARUTI |
Short |
1804 |
1781/58/35/12/1689 |
1827 |
|
Long |
1827 |
1850/73/96 |
1804 |
|
|
ONGC |
Short |
282.5 |
280/77.5/75/72.5/70 |
285 |
|
long |
285 |
287.5/90/92.5/95 |
282.5 |
|
|
PNB |
Short |
592 |
585.5/79/72.5/66 |
598.5 |
|
Long |
598.5 |
605/11.5/18/24.5/31 |
592 |
|
|
RELIANCE |
Short |
860 |
849/38/27/16 |
871 |
|
long |
871 |
882/93/904 |
860 |
|
|
sun pharma |
Short |
602 |
595/88/81/74/67/60 |
609 |
|
Long |
609 |
616/23/30/37 |
602 |
|
|
SBI |
Short |
1615 |
1595/75/55 |
1635 |
|
Long |
1635 |
1655/75/95 |
1615 |
|
|
TATAMOTORS |
Short |
369 |
365/61/57/53 |
373 |
|
Long |
373 |
377/81/85/89 |
369 |
|
|
TATASTEEL |
Short |
385 |
381/77/73/69 |
389 |
|
Long |
389 |
393/97/401/05/09 |
385 |
|
|
TCS |
Short |
2252 |
2222/2192/62/32/02 |
2282 |
|
Long |
2282 |
2312/42/72/2402 |
2252 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
CNX AUTO |
short |
5165 |
x |
5210 |
|
long |
5210 |
x |
5165 |
|
|
CNX ENERGY |
short |
7665 |
x |
7730 |
|
long |
7730 |
x |
7665 |
|
|
CNX FMCG |
short |
16900 |
x |
17020 |
|
long |
17020 |
x |
16900 |
|
|
CNX INFRA |
short |
2295 |
x |
2321 |
|
long |
2321 |
x |
2295 |
|
|
CNX METAL |
short |
2396 |
x |
2414 |
|
long |
2414 |
x |
2396 |
|
|
CNX MIDCAP |
short |
7816 |
x |
7864 |
|
long |
7864 |
x |
7812 |
|
|
CNX PHARMA |
short |
7850 |
x |
7900 |
|
long |
7900 |
x |
7850 |
|
|
CNX PSU BANKS |
short |
2390 |
x |
2415 |
|
long |
2415 |
x |
2390 |
|
|
CNX REALTY |
short |
173 |
x |
174 |
|
long |
174 |
x |
173 |
|