May 2014
Trading levels --- 26th / 30th May 2014
I am writing after two weeks. On 12th may, in anticipation of exit poll outcome, market rallied big time and NIFTY scaled 7000 for the first time. On 16th may, with the indications of NDA getting more than 300 seats, there was a crescendo and NIFTY scaled 7563.5. That got sold into immediately.
Whole of last week, we saw consolidation with NIFTY trading in a small range of 100 odd points. ON LAST FRIDAY, I WAS RATTLED / SCARED AS WELL AS SURPRISED WITH THE FEROCITY OF MOVE IN PSU BANKING SPACE.
THESE MOVES IN PSU BANKING, OVER LAST TWO WEEKS, CAN BE COMPARED WITH THE HYPE THAT WAS GENERATED IN POWER SECTOR IN SECOND HALF OF DECEMBER 2007 / TILL 10TH JANUARY 2008. And we all know what followed.
I will advise to take out 10 % money from equities for every 100 NIFTY point up-move. And if that means completely getting out of equities in next 2/3 months … be it that way.
We can safely invest cash taken out in good quality NCDS at 11/12 % as nobody can say with any conviction that this market will scale 10,000 NIFTY with in 2 yrs.
Fundamentals are not at all supporting this move and I don’t bet my hard earned money on HOPE. A FUND MANAGER CAN DO IT, BECAUSE HE IS BETTING OUR MONEY …. NOT HIS OWN MONEY and for him 300 basis point outperformance, with respect to peers, even in absolute 10 % point loss situation is CREDITABLE PERFORMANCE.
SO IT IS ALL RELATIVE AND WE MUST TAKE CARE OF OUR OWN MONEY.
As I always say, we have to play percentages to make money. Bold bravado does not help. WHAT DO YOU SAY ? ? ?
MAY 2014 TRADING LEVELS are out on 2nd MAY . 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 |
26th / 30th may 2014 |
|
|
stocks / indices |
go |
entry |
Target |
Stoploss |
|
bse sensex |
short |
24500 |
24220/23940/660/380/100 |
24780 |
|
long |
24780 |
25060/340/620/900 |
24500 |
|
|
CNX IT |
short |
8925 |
8825/725/625/525 |
9025 |
|
long |
9025 |
9125/225/325/425 |
8925 |
|
|
CNX AUTO |
short |
6415 |
x |
6470 |
|
long |
6470 |
x |
6415 |
|
|
CNX ENERGY |
short |
10100 |
x |
10250 |
|
long |
10250 |
x |
10100 |
|
|
CNX FMCG |
short |
17680 |
x |
17830 |
|
long |
17830 |
x |
17680 |
|
|
CNX INFRA |
short |
3225 |
x |
3255 |
|
long |
3255 |
x |
3225 |
|
|
CNX METAL |
short |
3135 |
x |
3170 |
|
long |
3170 |
x |
3135 |
|
|
CNX MIDCAP |
short |
10380 |
x |
10455 |
|
long |
10530 |
x |
10455 |
|
|
CNX PHARMA |
short |
7510 |
x |
7570 |
|
long |
7570 |
x |
7510 |
|
|
CNX PSU BANKS |
short |
3960 |
x |
4005 |
|
long |
4050 |
x |
4005 |
|
|
CNX REALTY |
short |
251 |
x |
256 |
|
long |
261 |
x |
256 |
|
POSN TRADING |
weekly |
DATE |
26th / 30th may 2014 |
|
|
stocks / indices |
go |
entry |
Target |
Stoploss |
|
ALWAYS PREFER TRADES IN THE DIRECTION OF NIFTY |
||||
|
cnx nifty |
short |
7330 |
7250/170/090/010/6930/850 |
7410 |
|
long |
7410 |
7490/570/650/730/810 |
7330 |
|
|
bse sensex |
short |
24500 |
24220/23940/660/380/100 |
24780 |
|
long |
24780 |
25060/340/620/900 |
24500 |
|
|
BANK NIFTY |
Short |
15330 |
15190/050/14910/770/630/490/350/210 |
15470 |
|
Long |
15470 |
15610/750/890 |
15330 |
|
|
CNX IT |
short |
8925 |
8825/725/625/525 |
9025 |
|
long |
9025 |
9125/225/325/425 |
8925 |
|
|
ACC |
Short |
1386 |
1375/63/52/40/29/17/06 |
1398 |
|
Long |
1398 |
1409/21/32 |
1386 |
|
|
aurobindo |
Short |
618 |
608/598/88/78/68/58 |
628 |
|
Long |
628 |
638/48/58/68 |
618 |
|
|
axis bank |
Short |
1857 |
1838/20/01 |
1875 |
|
Long |
1875 |
1894/1912/31 |
1857 |
|
|
BOB |
Short |
964 |
954/44/34/24/14/04 |
974 |
|
Long |
974 |
984/94/1004/14 |
964 |
|
|
BHARTI |
Short |
343 |
337/31/25/19/13/07/01 |
346 |
|
Long |
349 |
355/61/67/73 |
346 |
|
|
CIPLA |
Short |
388 |
384/80/76/72/68 |
392 |
|
Long |
392 |
396/400/04/08 |
388 |
|
|
divis lab |
Short |
1300 |
1290/80/70/60 |
1310 |
|
long |
1310 |
1320/30/40 |
1300 |
|
|
dr reddys |
Short |
2312 |
2284/56/28/2200 |
2340 |
|
Long |
2340 |
2368/96/2424/52 |
2312 |
|
|
glenmark pharma |
Short |
523 |
515/07/499/91 |
531 |
|
Long |
531 |
539/47/55 |
523 |
|
|
HCL TECH |
Short |
1334 |
1319/04/1289/74 |
1349 |
|
long |
1349 |
1364/79/94/1409/24 |
1334 |
|
|
HDFC |
Short |
929 |
918/07/896/85/74/63 |
940 |
|
Long |
940 |
951/62/73 |
929 |
|
|
hdfc bank |
Short |
791 |
783/75/67/59/51/43/35 |
799 |
|
Long |
799 |
807/15/23/31/39 |
791 |
|
|
HUL |
Short |
560 |
554/48/42/36/30 |
566 |
|
Long |
566 |
572/78/84/90/96 |
560 |
|
|
ICICI BANK |
Short |
1464 |
1452/40/28/16/04/1392/80/68/56 |
1476 |
|
Long |
1476 |
1488/1500/12/24/36 |
1464 |
|
|
IDFC |
Short |
143.5 |
141/38.5/36/33.5/31/28.5/26 |
146 |
|
Long |
146 |
148.5/51/53.5/56 |
143.5 |
|
|
INFOSYS |
Short |
3057 |
3022/2987/52 |
3092 |
|
long |
3092 |
3127/62/97 |
3057 |
|
|
ITC |
Short |
342 |
337/32/27/22/17/12 |
347 |
|
Long |
347 |
352/57/62/67 |
342 |
|
|
LT |
Short |
1526 |
1505/1484/63/42/21/1400/1379/58 |
1547 |
|
Long |
1547 |
1568/89/1610 |
1526 |
|
|
M&M |
Short |
1157 |
1144/31/18/05/1092/79/66 |
1170 |
|
Long |
1170 |
1183/96/1209/22 |
1157 |
|
|
MARUTI |
Short |
2398 |
2376/54/32/102288/66/44/22/2200 |
2420 |
|
Long |
2420 |
2442/64/86 |
2398 |
|
|
ONGC |
Short |
409 |
404/399/94/89/84/79/74/69/64 |
414 |
|
long |
414 |
419/24/29/34/39/44 |
409 |
|
|
PNB |
Short |
1045 |
1034/23/12/1001/990/79/68/57/46/35 |
1056 |
|
Long |
1056 |
1067/78/89/1100 |
1045 |
|
|
RELIANCE |
Short |
1134 |
1122/10/1098/86/74/62/50 |
1146 |
|
long |
1146 |
1158/70/82/94 |
1134 |
|
|
sun pharma |
Short |
583 |
578/73/68/63/58/53 |
588 |
|
Long |
588 |
593/98/603/08/13/18 |
583 |
|
|
SBI |
Short |
2760 |
2720/680/640/600/560/520/480/440 |
2780 |
|
Long |
2800 |
2840/80/920/960/3000 |
2780 |
|
|
TATAMOTORS |
Short |
434 |
430/26/22/18/14/10/06/02 |
438 |
|
Long |
438 |
442/46/50/54/58 |
434 |
|
|
TATASTEEL |
Short |
478 |
473/68/63/58/53/48/43/38 |
483 |
|
Long |
488 |
493/98/503/08 |
483 |
|
|
TCS |
Short |
2130 |
2100/2070/40/10/1980 |
2145 |
|
Long |
2160 |
2190/2220/50 |
2145 |
|
|
tech mahindra |
Short |
1788 |
1768/48/28/08 |
1808 |
|
Long |
1808 |
1828/48/68 |
1788 |
|
|
VOLTAS |
Short |
189 |
185/81/77/73/69/65 |
193 |
|
Long |
193 |
197/201/05/09 |
189 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
CNX AUTO |
short |
6415 |
x |
6470 |
|
long |
6470 |
x |
6415 |
|
|
CNX ENERGY |
short |
10100 |
x |
10250 |
|
long |
10250 |
x |
10100 |
|
|
CNX FMCG |
short |
17680 |
x |
17830 |
|
long |
17830 |
x |
17680 |
|
|
CNX INFRA |
short |
3225 |
x |
3255 |
|
long |
3255 |
x |
3225 |
|
|
CNX METAL |
short |
3135 |
x |
3170 |
|
long |
3170 |
x |
3135 |
|
|
CNX MIDCAP |
short |
10380 |
x |
10455 |
|
long |
10530 |
x |
10455 |
|
|
CNX PHARMA |
short |
7510 |
x |
7570 |
|
long |
7570 |
x |
7510 |
|
|
CNX PSU BANKS |
short |
3960 |
x |
4005 |
|
long |
4050 |
x |
4005 |
|
|
CNX REALTY |
short |
251 |
x |
256 |
|
long |
261 |
x |
256 |
|
|
POSN TRADING |
weekly |
DATE |
26th / 30th may 2014 |
|
|
stocks / indices |
go |
entry |
Target |
Stoploss |
|
ALWAYS PREFER TRADES IN THE DIRECTION OF NIFTY |
||||
|
cnx nifty |
short |
7330 |
7250/170/090/010/6930/850 |
7410 |
|
long |
7410 |
7490/570/650/730/810 |
7330 |
|
|
bse sensex |
short |
24500 |
24220/23940/660/380/100 |
24780 |
|
long |
24780 |
25060/340/620/900 |
24500 |
|
|
BANK NIFTY |
Short |
15330 |
15190/050/14910/770/630/490/350/210 |
15470 |
|
Long |
15470 |
15610/750/890 |
15330 |
|
|
CNX IT |
short |
8925 |
8825/725/625/525 |
9025 |
|
long |
9025 |
9125/225/325/425 |
8925 |
|
|
ACC |
Short |
1386 |
1375/63/52/40/29/17/06 |
1398 |
|
Long |
1398 |
1409/21/32 |
1386 |
|
|
aurobindo |
Short |
618 |
608/598/88/78/68/58 |
628 |
|
Long |
628 |
638/48/58/68 |
618 |
|
|
axis bank |
Short |
1857 |
1838/20/01 |
1875 |
|
Long |
1875 |
1894/1912/31 |
1857 |
|
|
BOB |
Short |
964 |
954/44/34/24/14/04 |
974 |
|
Long |
974 |
984/94/1004/14 |
964 |
|
|
BHARTI |
Short |
343 |
337/31/25/19/13/07/01 |
346 |
|
Long |
349 |
355/61/67/73 |
346 |
|
|
CIPLA |
Short |
388 |
384/80/76/72/68 |
392 |
|
Long |
392 |
396/400/04/08 |
388 |
|
|
divis lab |
Short |
1300 |
1290/80/70/60 |
1310 |
|
long |
1310 |
1320/30/40 |
1300 |
|
|
dr reddys |
Short |
2312 |
2284/56/28/2200 |
2340 |
|
Long |
2340 |
2368/96/2424/52 |
2312 |
|
|
glenmark pharma |
Short |
523 |
515/07/499/91 |
531 |
|
Long |
531 |
539/47/55 |
523 |
|
|
HCL TECH |
Short |
1334 |
1319/04/1289/74 |
1349 |
|
long |
1349 |
1364/79/94/1409/24 |
1334 |
|
|
HDFC |
Short |
929 |
918/07/896/85/74/63 |
940 |
|
Long |
940 |
951/62/73 |
929 |
|
|
hdfc bank |
Short |
791 |
783/75/67/59/51/43/35 |
799 |
|
Long |
799 |
807/15/23/31/39 |
791 |
|
|
HUL |
Short |
560 |
554/48/42/36/30 |
566 |
|
Long |
566 |
572/78/84/90/96 |
560 |
|
|
ICICI BANK |
Short |
1464 |
1452/40/28/16/04/1392/80/68/56 |
1476 |
|
Long |
1476 |
1488/1500/12/24/36 |
1464 |
|
|
IDFC |
Short |
143.5 |
141/38.5/36/33.5/31/28.5/26 |
146 |
|
Long |
146 |
148.5/51/53.5/56 |
143.5 |
|
|
INFOSYS |
Short |
3057 |
3022/2987/52 |
3092 |
|
long |
3092 |
3127/62/97 |
3057 |
|
|
ITC |
Short |
342 |
337/32/27/22/17/12 |
347 |
|
Long |
347 |
352/57/62/67 |
342 |
|
|
LT |
Short |
1526 |
1505/1484/63/42/21/1400/1379/58 |
1547 |
|
Long |
1547 |
1568/89/1610 |
1526 |
|
|
M&M |
Short |
1157 |
1144/31/18/05/1092/79/66 |
1170 |
|
Long |
1170 |
1183/96/1209/22 |
1157 |
|
|
MARUTI |
Short |
2398 |
2376/54/32/102288/66/44/22/2200 |
2420 |
|
Long |
2420 |
2442/64/86 |
2398 |
|
|
ONGC |
Short |
409 |
404/399/94/89/84/79/74/69/64 |
414 |
|
long |
414 |
419/24/29/34/39/44 |
409 |
|
|
PNB |
Short |
1045 |
1034/23/12/1001/990/79/68/57/46/35 |
1056 |
|
Long |
1056 |
1067/78/89/1100 |
1045 |
|
|
RELIANCE |
Short |
1134 |
1122/10/1098/86/74/62/50 |
1146 |
|
long |
1146 |
1158/70/82/94 |
1134 |
|
|
sun pharma |
Short |
583 |
578/73/68/63/58/53 |
588 |
|
Long |
588 |
593/98/603/08/13/18 |
583 |
|
|
SBI |
Short |
2760 |
2720/680/640/600/560/520/480/440 |
2780 |
|
Long |
2800 |
2840/80/920/960/3000 |
2780 |
|
|
TATAMOTORS |
Short |
434 |
430/26/22/18/14/10/06/02 |
438 |
|
Long |
438 |
442/46/50/54/58 |
434 |
|
|
TATASTEEL |
Short |
478 |
473/68/63/58/53/48/43/38 |
483 |
|
Long |
488 |
493/98/503/08 |
483 |
|
|
TCS |
Short |
2130 |
2100/2070/40/10/1980 |
2145 |
|
Long |
2160 |
2190/2220/50 |
2145 |
|
|
tech mahindra |
Short |
1788 |
1768/48/28/08 |
1808 |
|
Long |
1808 |
1828/48/68 |
1788 |
|
|
VOLTAS |
Short |
189 |
185/81/77/73/69/65 |
193 |
|
Long |
193 |
197/201/05/09 |
189 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
CNX AUTO |
short |
6415 |
x |
6470 |
|
long |
6470 |
x |
6415 |
|
|
CNX ENERGY |
short |
10100 |
x |
10250 |
|
long |
10250 |
x |
10100 |
|
|
CNX FMCG |
short |
17680 |
x |
17830 |
|
long |
17830 |
x |
17680 |
|
|
CNX INFRA |
short |
3225 |
x |
3255 |
|
long |
3255 |
x |
3225 |
|
|
CNX METAL |
short |
3135 |
x |
3170 |
|
long |
3170 |
x |
3135 |
|
|
CNX MIDCAP |
short |
10380 |
x |
10455 |
|
long |
10530 |
x |
10455 |
|
|
CNX PHARMA |
short |
7510 |
x |
7570 |
|
long |
7570 |
x |
7510 |
|
|
CNX PSU BANKS |
short |
3960 |
x |
4005 |
|
long |
4050 |
x |
4005 |
|
|
CNX REALTY |
short |
251 |
x |
256 |
|
long |
261 |
x |
256 |
|
NIFTY SPOT INTRA
NIFTY SPOT INTRA
