October 2014
|
PREFER TO TRADE IN THE DIRECTION OF NIFTY |
||||
|
intra levels |
|
DATE |
20th october 2014 |
|
|
stocks / indices |
go |
entry |
Target |
Stoploss |
|
NIFTY SPOT |
short |
7902 |
7885/67/50/32 |
7920 |
|
long |
7937 |
7955/72/90/8007 |
7920 |
|
|
bank nifty |
short |
16060 |
16005/15950/895/840 |
16115 |
|
long |
16115 |
16170/225/280 |
16060 |
|
|
tcs |
short |
2457 |
2440/23/06 |
2474 |
|
long |
2474 |
2491/2508/25 |
2457 |
|
|
tata motors |
short |
481 |
477.5/74/70.5 |
484.5 |
|
long |
484.5 |
488/91.5/95 |
481 |
|
|
axis bank |
short |
403 |
398.5/94 |
407.5 |
|
long |
407.5 |
412/16.5/21 |
403 |
|
|
ongc |
short |
405.5 |
401.5/397.5 |
409.5 |
|
long |
409.5 |
413.5/17.5/21.5 |
405.5 |
|
|
PREFER TO TRADE IN THE DIRECTION OF NIFTY |
||||
|
intra levels |
|
DATE |
20th october 2014 |
|
|
stocks / indices |
go |
entry |
Target |
Stoploss |
|
NIFTY SPOT |
short |
7902 |
7885/67/50/32 |
7920 |
|
long |
7937 |
7955/72/90/8007 |
7920 |
|
|
bank nifty |
short |
16060 |
16005/15950/895/840 |
16115 |
|
long |
16115 |
16170/225/280 |
16060 |
|
|
tcs |
short |
2457 |
2440/23/06 |
2474 |
|
long |
2474 |
2491/2508/25 |
2457 |
|
|
tata motors |
short |
481 |
477.5/74/70.5 |
484.5 |
|
long |
484.5 |
488/91.5/95 |
481 |
|
|
axis bank |
short |
403 |
398.5/94 |
407.5 |
|
long |
407.5 |
412/16.5/21 |
403 |
|
|
ongc |
short |
405.5 |
401.5/397.5 |
409.5 |
|
long |
409.5 |
413.5/17.5/21.5 |
405.5 |
|
my weekly take ....
MARKET WOBBLY BUT STILL SHOWING RESILIENCE . . .
Trading levels --- 20th/ 24th October 2014
This week was also truncated since Mumbai had state assembly elections on 15th. NIFTY closed below 50 DMA every trading day and tested 100 DMA once but bounced on the last trading day. PHARMA IS THE ONLY SECTORAL INDEX WHICH IS FIRMLY ABOVE 50 DMA. IT index slipped below 50 DMA after HCL-Tech and TCS gave results below market expectations. THE RESULTS PER SE ARE OK BUT THE MARKET EXPECTATIONS ARE RUNNING SKY HIGH.
BANK NIFTY kept on yo-yoing just around 50 DMA finally closing the week above. Over the last weekend we had terrible IIP numbers. At the beginning of the week, we had very good CPI and WPI inflation figures. Putting these two facts together, the bulls have started penciling in a RBI rate cut sooner than earlier expectation. HENCE THE STRENGTH IN BANK NIFTY.
As expected, most global indices have closed below 200 DMA and this will mean continued weakness in our market as well. Friday was much better for global markets as one of the Regional FED governors appealed to Ms Yelen to continue the bond purchase beyond stipulated period. Ms Yelen although did not give any reaction, American markets are expecting FED to throw another lifeline in case of distress.
I expect market to have negative bias till it closes above 7920 / 7940 zone. Till then one should keep reducing short term long positions on every rise. Although the indicated level is just 150 points away, the climb is not going to be easy as CNX IT is not supportive any more. HOWEVER, SUNDAYS STATE ELECTION RESULTS CAN HELP GREATLY IF BJP IS ABLE TO FORM GOVERNMENTS ON THEIR OWN OR WITH MINOR HELP.
Overall the set up still continues to look wobbly and a hung assembly in Maharashtra and Haryana - with BJP doing not very well - as expected, will rock the boat viciously.
As I always say, we have to play percentages to make money. Bold bravado or blind consensus following does not help. I HAVE JUST GIVEN YOU SOME FOOD FOR YOUR GREY CELLS. WHAT DO YOU SAY ? ? ?
OCTOBER 2014 TRADING LEVELS are out over the long weekend. 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 - even for Mr Buffet 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 |
20th / 24th october |
|
|
stocks / indices |
go |
entry |
Target |
Stoploss |
|
bse sensex |
short |
26170 |
25990/810/630 |
26350 |
|
long |
26350 |
26530/710/890/27070 |
26170 |
|
|
CNX IT |
short |
10750 |
10670/590/510/430 |
10830 |
|
long |
10830 |
10910/990/11070/150 |
10750 |
|
|
CNX AUTO |
short |
7530 |
x |
7600 |
|
long |
7600 |
x |
7530 |
|
|
CNX ENERGY |
short |
9160 |
x |
9240 |
|
long |
9240 |
x |
9160 |
|
|
CNX FMCG |
short |
19060 |
x |
19180 |
|
long |
19180 |
x |
19060 |
|
|
CNX INFRA |
short |
2990 |
x |
3015 |
|
long |
3015 |
x |
2990 |
|
|
CNX METAL |
short |
2700 |
x |
2736 |
|
long |
2736 |
x |
2700 |
|
|
CNX MIDCAP |
short |
11050 |
x |
11200 |
|
long |
11200 |
x |
11050 |
|
|
CNX PHARMA |
short |
10190 |
x |
10290 |
|
long |
10290 |
x |
10190 |
|
|
CNX PSU BANKS |
short |
3505 |
x |
3535 |
|
long |
3535 |
x |
3505 |
|
|
CNX REALTY |
short |
185 |
x |
187.25 |
|
long |
189.5 |
x |
187.25 |
|
POSN TRADING |
weekly |
DATE |
20th / 24th october |
|
|
stocks / indices |
go |
entry |
Target |
Stoploss |
|
ALWAYS PREFER TRADES IN THE DIRECTION OF NIFTY |
||||
|
cnx nifty |
short |
7786 |
7729/672/615 |
7843 |
|
long |
7843 |
7900/7957/8014/71 |
7786 |
|
|
bse sensex |
short |
26170 |
25990/810/630 |
26350 |
|
long |
26350 |
26530/710/890/27070 |
26170 |
|
|
BANK NIFTY |
Short |
15990 |
15800/610/420/230/040 |
16180 |
|
Long |
16180 |
16370/560 |
15990 |
|
|
CNX IT |
short |
10750 |
10670/590/510/430 |
10830 |
|
long |
10830 |
10910/990/11070/150 |
10750 |
|
|
aurobindo |
Short |
937 |
924/11/898/85/72/59 |
950 |
|
Long |
950 |
963/76/89/1002 |
937 |
|
|
axis bank |
Short |
406.5 |
403/399.5/96/92.5/89/85.5/82 |
410 |
|
Long |
413.5 |
417/20.5/24 |
410 |
|
|
BOB |
Short |
876 |
867/58/49/40/31 |
885 |
|
Long |
885 |
894/903/12/21 |
876 |
|
|
BHARAT FORGE |
Short |
759.5 |
749/38.5/28/17.5/07 |
770 |
|
Long |
770 |
780.5/91/801.5/12 |
759.5 |
|
|
BHARTI |
Short |
392 |
387/82/77/72 |
394.5 |
|
Long |
397 |
402/07/12 |
394.5 |
|
|
CIPLA |
Short |
597 |
589/81/73/65 |
605 |
|
Long |
605 |
613/21/29 |
597 |
|
|
COAL INDIA |
Short |
351 |
346/41/36/31 |
356 |
|
Long |
356 |
361/66/71/76 |
351 |
|
|
dr reddys |
Short |
2950 |
2914/2882/46/10 |
2986 |
|
Long |
2986 |
3022/58 |
2950 |
|
|
glenmark pharma |
Short |
718 |
712/06/700/694 |
724 |
|
Long |
724 |
730/36/42/48 |
718 |
|
|
HCL TECH |
Short |
1522 |
1508/1494/80 |
1536 |
|
long |
1536 |
1550/64 |
1522 |
|
|
HDFC |
Short |
1011 |
1000/989/78 |
1022 |
|
Long |
1022 |
1033/44/55/66 |
1011 |
|
|
hdfc bank |
Short |
888 |
877/66/55/44 |
899 |
|
Long |
899 |
910/21/32 |
888 |
|
|
HUL |
Short |
730 |
721.5/13/04.5/696 |
738.5 |
|
Long |
738.5 |
747/55.5/64 |
730 |
|
|
ICICI BANK |
Short |
1524 |
1511.5/1499/86.5/74/61.5/49 |
1536.5 |
|
Long |
1536.5 |
1549/61.5/74 |
1524 |
|
|
IDEA |
Short |
154 |
152.75/51.5/50.25/49 |
155.25 |
|
long |
156.5 |
157.75/59/60.25/61.5 |
155.25 |
|
|
IDFC |
Short |
139.5 |
137.75/36/34.25 |
141.25 |
|
Long |
141.25 |
143/44.75/46.5 |
139.5 |
|
|
INFOSYS |
Short |
3882 |
3834/3786/38/690 |
3930 |
|
long |
3930 |
3978/4026 |
3882 |
|
|
ITC |
Short |
356 |
353/50/47/44/41/38 |
359 |
|
Long |
359 |
362/65/68 |
356 |
|
|
LT |
Short |
1467 |
1454/40/27/13 |
1481 |
|
Long |
1481 |
1494/1508/21 |
1467 |
|
|
M&M |
Short |
1259 |
1250/41/32 |
1268 |
|
Long |
1277 |
1286/95/1304 |
1268 |
|
|
MARUTI |
Short |
2970 |
2950/30/10 |
2990 |
|
Long |
3010 |
3030/50/70 |
2990 |
|
|
ONGC |
Short |
405 |
399/93/87 |
411 |
|
long |
411 |
417/23/29/35 |
405 |
|
|
RELIANCE |
Short |
951 |
939/27/15 |
963 |
|
long |
963 |
975/87/99 |
951 |
|
|
SESA |
Short |
235 |
232/29/26/23/20 |
238 |
|
Long |
238 |
241/44/47/50 |
235 |
|
|
SBI |
Short |
2530 |
2502/2474/46/18 |
2558 |
|
Long |
2558 |
2586/614/42/70 |
2530 |
|
|
sun pharma |
Short |
797 |
787/77/67/57 |
807 |
|
Long |
807 |
817/27/37/47 |
797 |
|
|
TATAMOTORS |
Short |
478.5 |
474/69.5/65/60.5 |
483 |
|
Long |
483 |
487.5/92/96.5/501 |
478.5 |
|
|
TATASTEEL |
Short |
447 |
441.5/36/30.5/25/19.5/14 |
452.5 |
|
Long |
452.5 |
458/63.5/69 |
447 |
|
|
TCS |
Short |
2440 |
2420/400/380/360 |
2460 |
|
Long |
2480 |
2500/520/540 |
2460 |
|
|
tech mahindra |
Short |
2265 |
2240/15/2190/65 |
2290 |
|
Long |
2290 |
2315/40/65/90 |
2265 |
|
|
ULTRATECH |
Short |
2346 |
2325/05/2284/64 |
2366 |
|
Long |
2366 |
2387/407/428/48 |
2346 |
|
|
VOLTAS |
Short |
230.5 |
222/19/16/13/10/07/04/01 |
233.25 |
|
Long |
236 |
241.5/47/52.5/58 |
233.25 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
CNX AUTO |
short |
7530 |
x |
7600 |
|
long |
7600 |
x |
7530 |
|
|
CNX ENERGY |
short |
9160 |
x |
9240 |
|
long |
9240 |
x |
9160 |
|
|
CNX FMCG |
short |
19060 |
x |
19180 |
|
long |
19180 |
x |
19060 |
|
|
CNX INFRA |
short |
2990 |
x |
3015 |
|
long |
3015 |
x |
2990 |
|
|
CNX METAL |
short |
2700 |
x |
2736 |
|
long |
2736 |
x |
2700 |
|
|
CNX MIDCAP |
short |
11050 |
x |
11200 |
|
long |
11200 |
x |
11050 |
|
|
CNX PHARMA |
short |
10190 |
x |
10290 |
|
long |
10290 |
x |
10190 |
|
|
CNX PSU BANKS |
short |
3505 |
x |
3535 |
|
long |
3535 |
x |
3505 |
|
|
CNX REALTY |
short |
185 |
x |
187.25 |
|
long |
189.5 |
x |
187.25 |
|
|
POSN TRADING |
weekly |
DATE |
20th / 24th october |
|
|
stocks / indices |
go |
entry |
Target |
Stoploss |
|
ALWAYS PREFER TRADES IN THE DIRECTION OF NIFTY |
||||
|
cnx nifty |
short |
7786 |
7729/672/615 |
7843 |
|
long |
7843 |
7900/7957/8014/71 |
7786 |
|
|
bse sensex |
short |
26170 |
25990/810/630 |
26350 |
|
long |
26350 |
26530/710/890/27070 |
26170 |
|
|
BANK NIFTY |
Short |
15990 |
15800/610/420/230/040 |
16180 |
|
Long |
16180 |
16370/560 |
15990 |
|
|
CNX IT |
short |
10750 |
10670/590/510/430 |
10830 |
|
long |
10830 |
10910/990/11070/150 |
10750 |
|
|
aurobindo |
Short |
937 |
924/11/898/85/72/59 |
950 |
|
Long |
950 |
963/76/89/1002 |
937 |
|
|
axis bank |
Short |
406.5 |
403/399.5/96/92.5/89/85.5/82 |
410 |
|
Long |
413.5 |
417/20.5/24 |
410 |
|
|
BOB |
Short |
876 |
867/58/49/40/31 |
885 |
|
Long |
885 |
894/903/12/21 |
876 |
|
|
BHARAT FORGE |
Short |
759.5 |
749/38.5/28/17.5/07 |
770 |
|
Long |
770 |
780.5/91/801.5/12 |
759.5 |
|
|
BHARTI |
Short |
392 |
387/82/77/72 |
394.5 |
|
Long |
397 |
402/07/12 |
394.5 |
|
|
CIPLA |
Short |
597 |
589/81/73/65 |
605 |
|
Long |
605 |
613/21/29 |
597 |
|
|
COAL INDIA |
Short |
351 |
346/41/36/31 |
356 |
|
Long |
356 |
361/66/71/76 |
351 |
|
|
dr reddys |
Short |
2950 |
2914/2882/46/10 |
2986 |
|
Long |
2986 |
3022/58 |
2950 |
|
|
glenmark pharma |
Short |
718 |
712/06/700/694 |
724 |
|
Long |
724 |
730/36/42/48 |
718 |
|
|
HCL TECH |
Short |
1522 |
1508/1494/80 |
1536 |
|
long |
1536 |
1550/64 |
1522 |
|
|
HDFC |
Short |
1011 |
1000/989/78 |
1022 |
|
Long |
1022 |
1033/44/55/66 |
1011 |
|
|
hdfc bank |
Short |
888 |
877/66/55/44 |
899 |
|
Long |
899 |
910/21/32 |
888 |
|
|
HUL |
Short |
730 |
721.5/13/04.5/696 |
738.5 |
|
Long |
738.5 |
747/55.5/64 |
730 |
|
|
ICICI BANK |
Short |
1524 |
1511.5/1499/86.5/74/61.5/49 |
1536.5 |
|
Long |
1536.5 |
1549/61.5/74 |
1524 |
|
|
IDEA |
Short |
154 |
152.75/51.5/50.25/49 |
155.25 |
|
long |
156.5 |
157.75/59/60.25/61.5 |
155.25 |
|
|
IDFC |
Short |
139.5 |
137.75/36/34.25 |
141.25 |
|
Long |
141.25 |
143/44.75/46.5 |
139.5 |
|
|
INFOSYS |
Short |
3882 |
3834/3786/38/690 |
3930 |
|
long |
3930 |
3978/4026 |
3882 |
|
|
ITC |
Short |
356 |
353/50/47/44/41/38 |
359 |
|
Long |
359 |
362/65/68 |
356 |
|
|
LT |
Short |
1467 |
1454/40/27/13 |
1481 |
|
Long |
1481 |
1494/1508/21 |
1467 |
|
|
M&M |
Short |
1259 |
1250/41/32 |
1268 |
|
Long |
1277 |
1286/95/1304 |
1268 |
|
|
MARUTI |
Short |
2970 |
2950/30/10 |
2990 |
|
Long |
3010 |
3030/50/70 |
2990 |
|
|
ONGC |
Short |
405 |
399/93/87 |
411 |
|
long |
411 |
417/23/29/35 |
405 |
|
|
RELIANCE |
Short |
951 |
939/27/15 |
963 |
|
long |
963 |
975/87/99 |
951 |
|
|
SESA |
Short |
235 |
232/29/26/23/20 |
238 |
|
Long |
238 |
241/44/47/50 |
235 |
|
|
SBI |
Short |
2530 |
2502/2474/46/18 |
2558 |
|
Long |
2558 |
2586/614/42/70 |
2530 |
|
|
sun pharma |
Short |
797 |
787/77/67/57 |
807 |
|
Long |
807 |
817/27/37/47 |
797 |
|
|
TATAMOTORS |
Short |
478.5 |
474/69.5/65/60.5 |
483 |
|
Long |
483 |
487.5/92/96.5/501 |
478.5 |
|
|
TATASTEEL |
Short |
447 |
441.5/36/30.5/25/19.5/14 |
452.5 |
|
Long |
452.5 |
458/63.5/69 |
447 |
|
|
TCS |
Short |
2440 |
2420/400/380/360 |
2460 |
|
Long |
2480 |
2500/520/540 |
2460 |
|
|
tech mahindra |
Short |
2265 |
2240/15/2190/65 |
2290 |
|
Long |
2290 |
2315/40/65/90 |
2265 |
|
|
ULTRATECH |
Short |
2346 |
2325/05/2284/64 |
2366 |
|
Long |
2366 |
2387/407/428/48 |
2346 |
|
|
VOLTAS |
Short |
230.5 |
222/19/16/13/10/07/04/01 |
233.25 |
|
Long |
236 |
241.5/47/52.5/58 |
233.25 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
CNX AUTO |
short |
7530 |
x |
7600 |
|
long |
7600 |
x |
7530 |
|
|
CNX ENERGY |
short |
9160 |
x |
9240 |
|
long |
9240 |
x |
9160 |
|
|
CNX FMCG |
short |
19060 |
x |
19180 |
|
long |
19180 |
x |
19060 |
|
|
CNX INFRA |
short |
2990 |
x |
3015 |
|
long |
3015 |
x |
2990 |
|
|
CNX METAL |
short |
2700 |
x |
2736 |
|
long |
2736 |
x |
2700 |
|
|
CNX MIDCAP |
short |
11050 |
x |
11200 |
|
long |
11200 |
x |
11050 |
|
|
CNX PHARMA |
short |
10190 |
x |
10290 |
|
long |
10290 |
x |
10190 |
|
|
CNX PSU BANKS |
short |
3505 |
x |
3535 |
|
long |
3535 |
x |
3505 |
|
|
CNX REALTY |
short |
185 |
x |
187.25 |
|
long |
189.5 |
x |
187.25 |
|
