March 2014
|
POSN TRADING |
weekly |
DATE |
17th / 21st march 2014 |
|
|
stocks / indices |
go |
entry |
Target |
Stoploss |
|
ALWAYS PREFER TRADES IN THE DIRECTION OF NIFTY |
||||
|
cnx nifty |
short |
6494 |
6454/414/374/334 |
6534 |
|
long |
6534 |
6574.614/654/694 |
6494 |
|
|
bse sensex |
short |
21820 |
21690/560/430/300 |
21950 |
|
long |
21950 |
22080/210/340 |
21820 |
|
|
BANK NIFTY |
Short |
12000 |
11850/700/550/400 |
12150 |
|
Long |
12150 |
12300/450/600 |
12000 |
|
|
CNX IT |
short |
9470 |
9370/270/170 |
9570 |
|
long |
9570 |
9670/770/870 |
9470 |
|
|
aurobindo |
Short |
512 |
501/490/79/68 |
517.5 |
|
Long |
523 |
534/45/56 |
517.5 |
|
|
axis bank |
Short |
1359 |
1347/35/23/11 |
1371 |
|
Long |
1371 |
1383/95 |
1359 |
|
|
BHARTI |
Short |
294.5 |
290.5/86.5/82.5 |
298.5 |
|
Long |
298.5 |
302.5/06.5 |
294.5 |
|
|
CIPLA |
Short |
383 |
379/75/71 |
387 |
|
Long |
387 |
391/95/99 |
383 |
|
|
divis lab |
Short |
1400 |
1385/70/55/40/25/10 |
1415 |
|
long |
1415 |
1430/45/60 |
1400 |
|
|
dr reddys |
Short |
2786 |
2762/38/14 |
2810 |
|
Long |
2810 |
2834/58 |
2786 |
|
|
glenmark pharma |
Short |
547 |
540/33/26/19/12 |
554 |
|
Long |
554 |
561/68/75 |
547 |
|
|
HCL TECH |
Short |
1419 |
1408/1397/86/75/64/53 |
1430 |
|
long |
1430 |
1441/52/63/74 |
1419 |
|
|
HDFC |
Short |
857 |
850/43/36/29/22 |
864 |
|
Long |
864 |
871/78/85 |
857 |
|
|
hdfc bank |
Short |
730 |
721/12/03/694 |
739 |
|
Long |
739 |
748/57/66 |
730 |
|
|
HUL |
Short |
549 |
542/35/28/21 |
552.5 |
|
Long |
556 |
563/70/77 |
552.5 |
|
|
ICICI BANK |
Short |
1215 |
1203/1191/79/67/55 |
1227 |
|
Long |
1227 |
1239/51/63 |
1215 |
|
|
IDEA |
Short |
135 |
133.25/31.5 |
136.75 |
|
long |
136.75 |
138.5/40.25/42 |
135 |
|
|
IDFC |
Short |
113.5 |
112/10.5/09 |
115 |
|
Long |
115 |
116.5/18/19.5/21 |
113.5 |
|
|
INFOSYS |
Short |
3375 |
3334/3293/52/11 |
3416 |
|
long |
3416 |
3457/98 |
3375 |
|
|
ITC |
Short |
344 |
340.5/37/33.5/30/26.5/23 |
347.5 |
|
Long |
347.5 |
351/54.5/58/61.5 |
344 |
|
|
LT |
Short |
1243 |
1228/13/1198/83/68 |
1258 |
|
Long |
1258 |
1273/88 |
1243 |
|
|
M&M |
Short |
1019 |
1008/997/86/75/64/53 |
1030 |
|
Long |
1030 |
1041/52/63/74 |
1019 |
|
|
MARUTI |
Short |
1728 |
1711/1694/77/60/43/26 |
1745 |
|
Long |
1745 |
1762/79/96/1813/30 |
1728 |
|
|
ONGC |
Short |
321 |
316.5/12/07.5/03 |
325.5 |
|
long |
325.5 |
330/34.5/39 |
321 |
|
|
PNB |
Short |
619 |
609/599/89/79 |
624 |
|
Long |
629 |
639/49/59 |
624 |
|
|
RCOM |
Short |
115.5 |
114/12.5/11/09.5/08 |
117 |
|
Long |
118.5 |
120/21.5/23 |
117 |
|
|
RELIANCE |
Short |
881 |
872/63/54 |
890 |
|
long |
890 |
899/908/17 |
881 |
|
|
sun pharma |
Short |
579 |
571/63/55/47/39 |
587 |
|
Long |
587 |
595/603/11/19 |
579 |
|
|
SBI |
Short |
1642 |
1618/1594/70 |
1654 |
|
Long |
1666 |
1690/1714/38 |
1654 |
|
|
TATAMOTORS |
Short |
393 |
389.5/86/82.5/79 |
396.5 |
|
Long |
396.5 |
400/03.5/07/10.5 |
393 |
|
|
TATASTEEL |
Short |
342.5 |
339/35.5/32 |
346 |
|
Long |
346 |
349.5/53/56.5/60 |
342.5 |
|
|
TCS |
Short |
2137 |
2117/2097/77/57/37 |
2157 |
|
Long |
2157 |
2177/97/2217 |
2137 |
|
|
tech mahindra |
Short |
1791 |
1774 / 57 /40/ 23/06 |
1808 |
|
Long |
1808 |
1825/42/59 |
1791 |
|
|
VOLTAS |
Short |
140 |
137.5/35/32.5/30 |
141.25 |
|
Long |
142.5 |
145/47.5/50 |
141.25 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
CNX AUTO |
short |
5515 |
x |
5550 |
|
long |
5550 |
x |
5515 |
|
|
CNX ENERGY |
short |
7985 |
x |
8055 |
|
long |
8055 |
x |
7985 |
|
|
CNX FMCG |
short |
17380 |
x |
17490 |
|
long |
17490 |
x |
17380 |
|
|
CNX INFRA |
short |
2484 |
x |
2507 |
|
long |
2507 |
x |
2484 |
|
|
CNX METAL |
short |
2220 |
x |
2265 |
|
long |
2265 |
x |
2220 |
|
|
CNX MIDCAP |
short |
8015 |
x |
8095 |
|
long |
8095 |
x |
8015 |
|
|
CNX PHARMA |
short |
7745 |
x |
7790 |
|
long |
7790 |
x |
7745 |
|
|
CNX PSU BANKS |
short |
2377 |
x |
2397 |
|
long |
2397 |
x |
2377 |
|
|
CNX REALTY |
short |
176.25 |
x |
178 |
|
long |
178 |
x |
176.25 |
|
|
POSN TRADING |
weekly |
DATE |
17th / 21st march 2014 |
|
|
stocks / indices |
go |
entry |
Target |
Stoploss |
|
ALWAYS PREFER TRADES IN THE DIRECTION OF NIFTY |
||||
|
cnx nifty |
short |
6494 |
6454/414/374/334 |
6534 |
|
long |
6534 |
6574.614/654/694 |
6494 |
|
|
bse sensex |
short |
21820 |
21690/560/430/300 |
21950 |
|
long |
21950 |
22080/210/340 |
21820 |
|
|
BANK NIFTY |
Short |
12000 |
11850/700/550/400 |
12150 |
|
Long |
12150 |
12300/450/600 |
12000 |
|
|
CNX IT |
short |
9470 |
9370/270/170 |
9570 |
|
long |
9570 |
9670/770/870 |
9470 |
|
|
aurobindo |
Short |
512 |
501/490/79/68 |
517.5 |
|
Long |
523 |
534/45/56 |
517.5 |
|
|
axis bank |
Short |
1359 |
1347/35/23/11 |
1371 |
|
Long |
1371 |
1383/95 |
1359 |
|
|
BHARTI |
Short |
294.5 |
290.5/86.5/82.5 |
298.5 |
|
Long |
298.5 |
302.5/06.5 |
294.5 |
|
|
CIPLA |
Short |
383 |
379/75/71 |
387 |
|
Long |
387 |
391/95/99 |
383 |
|
|
divis lab |
Short |
1400 |
1385/70/55/40/25/10 |
1415 |
|
long |
1415 |
1430/45/60 |
1400 |
|
|
dr reddys |
Short |
2786 |
2762/38/14 |
2810 |
|
Long |
2810 |
2834/58 |
2786 |
|
|
glenmark pharma |
Short |
547 |
540/33/26/19/12 |
554 |
|
Long |
554 |
561/68/75 |
547 |
|
|
HCL TECH |
Short |
1419 |
1408/1397/86/75/64/53 |
1430 |
|
long |
1430 |
1441/52/63/74 |
1419 |
|
|
HDFC |
Short |
857 |
850/43/36/29/22 |
864 |
|
Long |
864 |
871/78/85 |
857 |
|
|
hdfc bank |
Short |
730 |
721/12/03/694 |
739 |
|
Long |
739 |
748/57/66 |
730 |
|
|
HUL |
Short |
549 |
542/35/28/21 |
552.5 |
|
Long |
556 |
563/70/77 |
552.5 |
|
|
ICICI BANK |
Short |
1215 |
1203/1191/79/67/55 |
1227 |
|
Long |
1227 |
1239/51/63 |
1215 |
|
|
IDEA |
Short |
135 |
133.25/31.5 |
136.75 |
|
long |
136.75 |
138.5/40.25/42 |
135 |
|
|
IDFC |
Short |
113.5 |
112/10.5/09 |
115 |
|
Long |
115 |
116.5/18/19.5/21 |
113.5 |
|
|
INFOSYS |
Short |
3375 |
3334/3293/52/11 |
3416 |
|
long |
3416 |
3457/98 |
3375 |
|
|
ITC |
Short |
344 |
340.5/37/33.5/30/26.5/23 |
347.5 |
|
Long |
347.5 |
351/54.5/58/61.5 |
344 |
|
|
LT |
Short |
1243 |
1228/13/1198/83/68 |
1258 |
|
Long |
1258 |
1273/88 |
1243 |
|
|
M&M |
Short |
1019 |
1008/997/86/75/64/53 |
1030 |
|
Long |
1030 |
1041/52/63/74 |
1019 |
|
|
MARUTI |
Short |
1728 |
1711/1694/77/60/43/26 |
1745 |
|
Long |
1745 |
1762/79/96/1813/30 |
1728 |
|
|
ONGC |
Short |
321 |
316.5/12/07.5/03 |
325.5 |
|
long |
325.5 |
330/34.5/39 |
321 |
|
|
PNB |
Short |
619 |
609/599/89/79 |
624 |
|
Long |
629 |
639/49/59 |
624 |
|
|
RCOM |
Short |
115.5 |
114/12.5/11/09.5/08 |
117 |
|
Long |
118.5 |
120/21.5/23 |
117 |
|
|
RELIANCE |
Short |
881 |
872/63/54 |
890 |
|
long |
890 |
899/908/17 |
881 |
|
|
sun pharma |
Short |
579 |
571/63/55/47/39 |
587 |
|
Long |
587 |
595/603/11/19 |
579 |
|
|
SBI |
Short |
1642 |
1618/1594/70 |
1654 |
|
Long |
1666 |
1690/1714/38 |
1654 |
|
|
TATAMOTORS |
Short |
393 |
389.5/86/82.5/79 |
396.5 |
|
Long |
396.5 |
400/03.5/07/10.5 |
393 |
|
|
TATASTEEL |
Short |
342.5 |
339/35.5/32 |
346 |
|
Long |
346 |
349.5/53/56.5/60 |
342.5 |
|
|
TCS |
Short |
2137 |
2117/2097/77/57/37 |
2157 |
|
Long |
2157 |
2177/97/2217 |
2137 |
|
|
tech mahindra |
Short |
1791 |
1774 / 57 /40/ 23/06 |
1808 |
|
Long |
1808 |
1825/42/59 |
1791 |
|
|
VOLTAS |
Short |
140 |
137.5/35/32.5/30 |
141.25 |
|
Long |
142.5 |
145/47.5/50 |
141.25 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
CNX AUTO |
short |
5515 |
x |
5550 |
|
long |
5550 |
x |
5515 |
|
|
CNX ENERGY |
short |
7985 |
x |
8055 |
|
long |
8055 |
x |
7985 |
|
|
CNX FMCG |
short |
17380 |
x |
17490 |
|
long |
17490 |
x |
17380 |
|
|
CNX INFRA |
short |
2484 |
x |
2507 |
|
long |
2507 |
x |
2484 |
|
|
CNX METAL |
short |
2220 |
x |
2265 |
|
long |
2265 |
x |
2220 |
|
|
CNX MIDCAP |
short |
8015 |
x |
8095 |
|
long |
8095 |
x |
8015 |
|
|
CNX PHARMA |
short |
7745 |
x |
7790 |
|
long |
7790 |
x |
7745 |
|
|
CNX PSU BANKS |
short |
2377 |
x |
2397 |
|
long |
2397 |
x |
2377 |
|
|
CNX REALTY |
short |
176.25 |
x |
178 |
|
long |
178 |
x |
176.25 |
|
MY WEEKLY TAKE .....
Trading levels --- 17th / 21st March 2014
Euphoria has now settled. We had an up and down week with a negative bias. In the previous week, while making a strong up-move we have left two gaps un-covered – 6406 to 6413 and 63336 to 6339. Both these gaps will be filled in coming 8 to 10 trading sessions. That is my feeling.
Correspondingly, most large cap nifty heavyweights will allow you to take long positions at 10 to12 % discount to high exalted values which were visible in last 7 to 8 trading sessions. IT has corrected somewhat but may be another 3 % correction is on the card for CNX IT as the positions are being shifted aggressively from IT to BANKs and CYCLICALS.
All the FII money that has poured into our market last week was not able to move the NIFTY further up and that indicates that a small dip in FII inflows will mean a southward journey for NIFTY.
I was skeptical about INFOSYS for some time ( nearly 3 to 4 months now ) and the inevitable has happened. I expect that for coming quarter, INFY will underperform than the worst estimate and we will have another 200 / 250 rupees fall on the result day. This will mean level of approx 3100 / 3150 which will be good 25 % lower than 3800 + level seen a couple of weeks ago.
For this month, I am holding 6300 / 6600 short strangle as I don’t expect this range to be violated in next 6 to8 trading sessions.
For the next 2 weeks, I recommend 6500 / 6300 bear spread and wait till expiry. For the BANKNIFTY, 11700 / 11900 is still a critical support zone. Below this, we can expect a sharp fall of about 400 points. Aggressive traders can buy 11500 put which is not very expensive.
As I always say, we have to play percentages to make money. Bold bravado may not help. WHAT DO YOU SAY ? ? ?
MARCH 2014 TRADING LEVELS will be out by 3rd march. You can have a look at the same before entering fresh trades. I have also released CY 2014 trading levels on my website – http://www.sumamura.com/sumamura-messages/.
Please remember CAPITAL is always scarce and needs to be respected.
My monthly trading levels are out and paid members have them. At 3,000 rupees a year, they provide tremendous value for money proposition.
Keep logged on to yahoo messenger for guidance related to investment levels on specific stocks. I will be putting some of those recommendations on my website also under messages tab as well.
I am available on yahoo messenger on most of the trading days and you can add me on your yahoo messenger. My yahoo id is madhavranade1
Keep watching my website www.sumamura.com closely for further inputs. You need to register and login to see modules section where all the levels for different timeframes are shown.
You can view individual modules for as little as 3,000 rupees per year. A package for all 8 modules for just 30,000 rupees for the full year.
Please call me on 9371002943 for more details.
Indices weekly levels
|
TER POSN TRADING |
weekly |
DATE |
17th / 21st march 2014 |
|
|
stocks / indices |
go |
entry |
Target |
Stoploss |
|
bse sensex |
short |
21820 |
21690/560/430/300 |
21950 |
|
long |
21950 |
22080/210/340 |
21820 |
|
|
CNX IT |
short |
9470 |
9370/270/170 |
9570 |
|
long |
9570 |
9670/770/870 |
9470 |
|
|
CNX AUTO |
short |
5515 |
x |
5550 |
|
long |
5550 |
x |
5515 |
|
|
CNX ENERGY |
short |
7985 |
x |
8055 |
|
long |
8055 |
x |
7985 |
|
|
CNX FMCG |
short |
17380 |
x |
17490 |
|
long |
17490 |
x |
17380 |
|
|
CNX INFRA |
short |
2484 |
x |
2507 |
|
long |
2507 |
x |
2484 |
|
|
CNX METAL |
short |
2220 |
x |
2265 |
|
long |
2265 |
x |
2220 |
|
|
CNX MIDCAP |
short |
8015 |
x |
8095 |
|
long |
8095 |
x |
8015 |
|
|
CNX PHARMA |
short |
7745 |
x |
7790 |
|
long |
7790 |
x |
7745 |
|
|
CNX PSU BANKS |
short |
2377 |
x |
2397 |
|
long |
2397 |
x |
2377 |
|
|
CNX REALTY |
short |
176.25 |
x |
178 |
|
long |
178 |
x |
176.25 |
WORLD INDICES
|
weekly |
|
DATE |
17th / 21st march 2014 |
|
|
world indices |
go |
entry |
Target |
Stoploss |
|
S & P |
short |
1839 |
1823/07/1791/75 |
1855 |
|
long |
1855 |
1871/87/1903 |
1839 |
|
|
nasdaq comp |
short |
4245 |
4205/4165/25/4085 |
4285 |
|
long |
4285 |
4325/65/4405 |
4245 |
|
|
dow jones |
short |
16040 |
15880/720/560/400 |
16200 |
|
long |
16200 |
16360/520/680 |
16040 |
|
|
FTSE |
short |
6510 |
6430/350/270/190 |
6550 |
|
long |
6590 |
6670/750/830 |
6550 |
|
|
nikkei |
short |
14300 |
14200/100/14000/13900/800 |
14400 |
|
long |
14400 |
14500/600/700/800 |
14300 |
|
|
australian ord |
short |
5340 |
5290/240/190/140 |
5390 |
|
long |
5390 |
5440/490/540 |
5340 |
|
|
hangseng |
short |
21540 |
21280/020/20760/500 |
21800 |
|
long |
21800 |
22060/320/580 |
21540 |
|
|
shanghai |
short |
2002 |
1985/68/51/34/17/1900 |
2019 |
|
long |
2019 |
2036/53/70 |
2002 |
COMMODITIES
|
weekly |
|
DATE |
17th / 21st march 2014 |
|
|
|
commodity |
go |
entry |
Target |
Stoploss |
|
|
gold |
short |
1363 |
1347/30/14/1297/81/64 |
1380 |
US$ / T ounce |
|
long |
1380 |
1397/1413/30/46 |
1363 |
||
|
silver |
short |
21.25 |
20.98/20.71/20.44/20.17/19.9 |
21.52 |
US$ / T ounce |
|
long |
21.52 |
21.79.22.06/22.33/22.6 |
21.25 |
||
|
crude |
short |
99 |
98.25/97.5/96.75/96 |
99.75 |
US$ / barrel |
|
long |
100.5 |
101.25/03/03.75/04.5 |
99.75 |
||
|
nat gas |
short |
4.42 |
4.34/4.26/4.18/4.1 |
4.5 |
US$ / 10K MMBTU |
|
long |
4.5 |
4.58/4.66/4.74 |
4.42 |
||
|
copper |
short |
2.965 |
2.93/2.895/2.86 |
3 |
US$ / pound |
|
long |
3 |
3.035/3.07/3.105 |
2.965 |
||
|
sugar |
short |
459.5 |
455/450.5/46/41.5 |
464 |
US$ / tonne |
|
long |
464 |
468.5/73/77.5/82 |
459.5 |
NIFTY SPOT INTRA