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March 2014

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Monday, March 10 2014

 

INTRA

 

DATE

10th march 2014

 

stocks / indices

go

entry

Target

Stoploss

PREFER TO TRADE IN THE DIRECTION OF NIFTY . . .

bank nifty

short

11850

11770/690/610/530

11930

long

11930

12010/090/170

11850

RELIANCE

short

865

81861/57/53/495/10

869

long

869

873/77/81/85

865

SBI

short

1637

1626/15/04

1648

long

1648

1659/70/81

1637

icici bank

short

1187

1175/63/51

1199

long

1199

1211/23/35

1187

LT

short

1188

1179/70/61

1197

long

1197

1206/15/24

1188

TATA MOTORS

short

 408.00

405/02/399/96

411

long

411

414/17

408

tech mahindra

short

1830

1816/02/1788

1844

long

1844

1858/72/86

1830

bharti airtel

short

300

297.5/95/92.5/90

302.5

long

302.5

305/07.5/10

300

maruti

short

1731

1723/15/07/1699/91/83

1739

long

1739

1747/55/63/71

1731

yes bank

short

370

364.5/59/53.5/48

375.5

long

375.5

381/86.5/92

370

m&m

short

980

974/68/62/56/50

986

long

986

992/98/1004/10

980
Monday, March 10 2014

 

INTRA

 

DATE

10th march 2014

 

stocks / indices

go

entry

Target

Stoploss

PREFER TO TRADE IN THE DIRECTION OF NIFTY . . .

bank nifty

short

11850

11770/690/610/530

11930

long

11930

12010/090/170

11850

RELIANCE

short

865

81861/57/53/495/10

869

long

869

873/77/81/85

865

SBI

short

1637

1626/15/04

1648

long

1648

1659/70/81

1637

icici bank

short

1187

1175/63/51

1199

long

1199

1211/23/35

1187

LT

short

1188

1179/70/61

1197

long

1197

1206/15/24

1188

TATA MOTORS

short

 408.00

405/02/399/96

411

long

411

414/17

408

tech mahindra

short

1830

1816/02/1788

1844

long

1844

1858/72/86

1830

bharti airtel

short

300

297.5/95/92.5/90

302.5

long

302.5

305/07.5/10

300

maruti

short

1731

1723/15/07/1699/91/83

1739

long

1739

1747/55/63/71

1731

yes bank

short

370

364.5/59/53.5/48

375.5

long

375.5

381/86.5/92

370

m&m

short

980

974/68/62/56/50

986

long

986

992/98/1004/10

980
Monday, March 10 2014

 

POSN TRADING

weekly

DATE

10th / 14th  march  2014

 

stocks / indices

go

entry

Target

Stoploss

ALWAYS PREFER TRADES IN THE DIRECTION OF NIFTY

cnx nifty

short

6451

6401/351/301/251

6501

long

6501

6551/601/651/701

6451

bse sensex

short

21690

21440/190/20940/690

21940

long

21940

22190/440/690/940

21690

 BANK NIFTY

Short

11760

11660/560/460/360/260

11860

Long

11860

11960/12060/160/260

11760

CNX IT

short

10050

9960/870/780/690/600

10140

long

10140

10230/320

10050

aurobindo

Short

511

501/491/81/71

516

Long

521

531/41

516

axis bank

Short

1386

1369/52/35/18/01

1403

Long

1403

1420/37/54

1386

BHARTI

Short

300

297/94/91/88/85

303

Long

303

306/09/12/15

300

CIPLA

Short

380

376/72/68/64

384

Long

384

388/92/96/400

380

divis lab

Short

1397

1369/41/13/1285

1411

long

1425

1453/81

1411

dr reddys

Short

2736

2704/2672/40/08/2576/44

2768

Long

2800

2832/64/96

2768

glenmark pharma

Short

548

538/28/18/08

553

Long

558

568/78/88/98

553

HCL TECH

Short

1488

1471/54/37/20/03

1505

long

1505

1522/39

1488

HDFC

Short

844

837/30/23/16/09/02

851

Long

858

865/72/79

851

hdfc bank

Short

705

698/91/84/77/70

712

Long

719

726/33/40/47

712

HUL

Short

551

547/43/39/35

555

Long

555

559/63/67

551

ICICI BANK

Short

1194

1180/66/52/38/24

1208

Long

1208

1222/36/50/64

1194

IDEA

Short

133

131/29/27/25

134

long

135

137/39/41/43

134

IDFC

Short

104

102.75/01.5/100.25

105.25

Long

105.25

106.5/07.75/9/10.25/11.5

104

INFOSYS

Short

3728

3688/48/08

3768

long

3768

3808/48

3728

ITC

Short

334

329/24/19

336.5

Long

339

344/49

336.5

LT

Short

1187

1173/59/45

1201

Long

1201

1215/29/43

1187

M&M

Short

976

966/56/46/36

986

Long

986

996/1006/16

976

MARUTI

Short

1719

1706/1693/80/67/54

1732

Long

1732

1745/58/71

1719

ONGC

Short

313.5

309/04.5/300

318

long

318

322.5/27/31.5/36

313.5

PNB

Short

611.5

606/600.5/595/89.5

617

Long

622.5

628/33.5/39/44.5/50

617

RCOM

Short

115.5

113.5/11.5/09.5

116.5

Long

117.5

119.5/21.5/23.5

116.5

RELIANCE

Short

860

847/34/21

873

long

873

886/99/912

860

sun pharma

Short

614

608/602/596/90/84/78/72

620

Long

620

626/32

614

SBI

Short

1638

1611/1584/57/30

1651.5

Long

1665

1692/1719

1651.5

TATAMOTORS

Short

407

403/399/95/91

411

Long

411

415/19/23

407

TATASTEEL

Short

367

362/57/52

372

Long

372

377/82/87/92

367

TCS

Short

2235

2213/2191/69/47/25

2257

Long

2257

2279/2301/23

2235

tech mahindra

Short

1838

1816/1794/72/50

1860

Long

1860

1882/1904/26

1838

VOLTAS

Short

142.75

141.5/40.25/39/37.75/36.5

144

Long

144

145.25/46.5/47.75/49/50.25

142.75

 

 

 

 

 

 

 

 

 

CNX AUTO

short

5505

x

5550

long

5550

x

5505

CNX ENERGY

short

7870

x

7950

long

7950

x

7870

CNX FMCG

short

17190

x

17010

long

17010

x

17190

CNX INFRA

short

2435

x

2462

long

2462

x

2435

CNX METAL

short

2285

x

2320

long

2320

x

2285

CNX MIDCAP

short

8030

x

8130

long

8130

x

8030

CNX PHARMA

short

7905

x

7980

long

7980

x

7905

CNX PSU BANKS

short

2348

x

2372

long

2372

x

2348

CNX REALTY

short

171.5

x

174

long

174

x

171.5
Monday, March 10 2014 TO Friday, March 14 2014

 

POSN TRADING

weekly

DATE

10th / 14th  march  2014

 

stocks / indices

go

entry

Target

Stoploss

ALWAYS PREFER TRADES IN THE DIRECTION OF NIFTY

cnx nifty

short

6451

6401/351/301/251

6501

long

6501

6551/601/651/701

6451

bse sensex

short

21690

21440/190/20940/690

21940

long

21940

22190/440/690/940

21690

 BANK NIFTY

Short

11760

11660/560/460/360/260

11860

Long

11860

11960/12060/160/260

11760

CNX IT

short

10050

9960/870/780/690/600

10140

long

10140

10230/320

10050

aurobindo

Short

511

501/491/81/71

516

Long

521

531/41

516

axis bank

Short

1386

1369/52/35/18/01

1403

Long

1403

1420/37/54

1386

BHARTI

Short

300

297/94/91/88/85

303

Long

303

306/09/12/15

300

CIPLA

Short

380

376/72/68/64

384

Long

384

388/92/96/400

380

divis lab

Short

1397

1369/41/13/1285

1411

long

1425

1453/81

1411

dr reddys

Short

2736

2704/2672/40/08/2576/44

2768

Long

2800

2832/64/96

2768

glenmark pharma

Short

548

538/28/18/08

553

Long

558

568/78/88/98

553

HCL TECH

Short

1488

1471/54/37/20/03

1505

long

1505

1522/39

1488

HDFC

Short

844

837/30/23/16/09/02

851

Long

858

865/72/79

851

hdfc bank

Short

705

698/91/84/77/70

712

Long

719

726/33/40/47

712

HUL

Short

551

547/43/39/35

555

Long

555

559/63/67

551

ICICI BANK

Short

1194

1180/66/52/38/24

1208

Long

1208

1222/36/50/64

1194

IDEA

Short

133

131/29/27/25

134

long

135

137/39/41/43

134

IDFC

Short

104

102.75/01.5/100.25

105.25

Long

105.25

106.5/07.75/9/10.25/11.5

104

INFOSYS

Short

3728

3688/48/08

3768

long

3768

3808/48

3728

ITC

Short

334

329/24/19

336.5

Long

339

344/49

336.5

LT

Short

1187

1173/59/45

1201

Long

1201

1215/29/43

1187

M&M

Short

976

966/56/46/36

986

Long

986

996/1006/16

976

MARUTI

Short

1719

1706/1693/80/67/54

1732

Long

1732

1745/58/71

1719

ONGC

Short

313.5

309/04.5/300

318

long

318

322.5/27/31.5/36

313.5

PNB

Short

611.5

606/600.5/595/89.5

617

Long

622.5

628/33.5/39/44.5/50

617

RCOM

Short

115.5

113.5/11.5/09.5

116.5

Long

117.5

119.5/21.5/23.5

116.5

RELIANCE

Short

860

847/34/21

873

long

873

886/99/912

860

sun pharma

Short

614

608/602/596/90/84/78/72

620

Long

620

626/32

614

SBI

Short

1638

1611/1584/57/30

1651.5

Long

1665

1692/1719

1651.5

TATAMOTORS

Short

407

403/399/95/91

411

Long

411

415/19/23

407

TATASTEEL

Short

367

362/57/52

372

Long

372

377/82/87/92

367

TCS

Short

2235

2213/2191/69/47/25

2257

Long

2257

2279/2301/23

2235

tech mahindra

Short

1838

1816/1794/72/50

1860

Long

1860

1882/1904/26

1838

VOLTAS

Short

142.75

141.5/40.25/39/37.75/36.5

144

Long

144

145.25/46.5/47.75/49/50.25

142.75

 

 

 

 

 

 

 

 

 

CNX AUTO

short

5505

x

5550

long

5550

x

5505

CNX ENERGY

short

7870

x

7950

long

7950

x

7870

CNX FMCG

short

17190

x

17010

long

17010

x

17190

CNX INFRA

short

2435

x

2462

long

2462

x

2435

CNX METAL

short

2285

x

2320

long

2320

x

2285

CNX MIDCAP

short

8030

x

8130

long

8130

x

8030

CNX PHARMA

short

7905

x

7980

long

7980

x

7905

CNX PSU BANKS

short

2348

x

2372

long

2372

x

2348

CNX REALTY

short

171.5

x

174

long

174

x

171.5
Sunday, March 9 2014

 MY WEEKLY TAKE .....

 

my weekly take .....
 
 
Trading levels --- 10th / 14th  March   2014
 
WE ARE AT ALLTIME HIGH ….. DAILY AND WEEKLY CLOSE.
CHEERS  AND TIME TO TAKE OUT CHAMPAIGNE …..
 
WE SMARTLY MOVED UP 250 NIFTY POINTS IN SPITE OF A SMALL DIP ON MONDAY. On the way, we effortlessly took out previous all time closing as well as intraday high. The FII flows of over Rs 4500 crores did help.
 
While there is euphoria all around and levels of 6700 are now being proclaimed, I want to sound a cautionary note. We will continue the ride the momentum - NO DOUBT for a day or two, but everything is not hunky dory with the market . 
 
While  NIFTY made a strong 2 % move on Friday, some indices ( apart from IT and PHARMA ) made much smaller moves indicating that rally was not really broad-based. This under-performance has to get corrected in next 2 sessions otherwise we will be  facing a fairly strong correction in following days.
 
Market is dancing to the MODI tune now. Another 200 points up move and we will not leave anything on the table for eventual  MODI coronation. So markets have to correct to 6200/6300 levels in next few weeks as HNI traders and FII will become cautious. 
 
As usual, this euphoric times are not for buying even the fundamentally good stocks  as valuations are exalted. We will get  5 to 7 % lower prices when market will go thru reality check and come down to 6200/6300 levels.
 
For this month, I  have switched to 6300 / 6600 short strangle at a marginal loss on Thursday evening. IDEA and RCOM bull spreads have in fact given very good money.
 
For the coming week, I suggest to watch 10770 level on spot BANK NIFTY. If that is violated for 20/25 minutes decisively, cut all longs on banks and take short position on bank nifty with a stoploss of 11950.
 
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.
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