May 2015
|
POSN TRADING |
weekly |
DATE |
4th / 8th may 2015 |
|
|
stocks / indices |
go |
entry |
Target |
Stoploss |
|
ALWAYS PREFER TRADES IN THE DIRECTION OF NIFTY |
||||
|
cnx nifty |
short |
8207 |
8155/03/8051/7999/47 |
8259 |
|
long |
8259 |
8311/63/415 |
8207 |
|
|
bse sensex |
short |
27190 |
27010/26830/650 |
27370 |
|
long |
27370 |
27550/730/910 |
27190 |
|
|
BANK NIFTY |
Short |
18320 |
18150/17980/810/640/470 |
18490 |
|
Long |
18490 |
18660/830/19000 |
18320 |
|
|
CNX IT |
short |
11000 |
10900/800/700/600/500 |
11100 |
|
long |
11100 |
11200/300/400/500 |
11000 |
|
|
aurobindo |
Short |
1288 |
1274/60/46/32 |
1302 |
|
Long |
1302 |
1316/30/44 |
1288 |
|
|
axis bank |
Short |
570 |
563/56/49/42/35 |
577 |
|
Long |
577 |
584/91/98 |
570 |
|
|
BHARAT FORGE |
Short |
1250 |
1230/10/1190/70/50 |
1260 |
|
Long |
1270 |
1290/1310/30 |
1260 |
|
|
BOB |
Short |
170 |
168/66/64/62/60 |
172 |
|
Long |
174 |
176/78/80 |
172 |
|
|
BHARTI |
Short |
380 |
375/70/65/60/55/50 |
382.5 |
|
Long |
385 |
390/95/400/05/10 |
382.5 |
|
|
CIPLA |
Short |
638 |
628/18/08/598 |
643 |
|
Long |
648 |
658/68/78 |
643 |
|
|
COAL INDIA |
Short |
360 |
353.5/47/40.5/34 |
363.25 |
|
Long |
366.5 |
73/79.5/86 |
363.25 |
|
|
dr reddys |
Short |
3296 |
3246/196/146/096/046 |
3321 |
|
Long |
3346 |
3396/446/496 |
3321 |
|
|
glenmark pharma |
Short |
890 |
880/70/60/50 |
900 |
|
Long |
900 |
910/20/30/40 |
890 |
|
|
HCL TECH |
Short |
880 |
868/56/44/32/20 |
892 |
|
long |
892 |
904/16/28/40 |
880 |
|
|
HDFC |
Short |
1169 |
1140/11/1082 |
1184 |
|
Long |
1198 |
1227/56 |
1184 |
|
|
hdfc bank |
Short |
992 |
978/64/50 |
999 |
|
Long |
1006 |
1020/34/48 |
999 |
|
|
HUL |
Short |
850 |
842/34/26/18/10/02 |
858 |
|
Long |
858 |
866/74/82/90 |
850 |
|
|
ICICI BANK |
Short |
330.5 |
326.5/22.5/18.5 |
334.5 |
|
Long |
334.5 |
338.5/42.5/46.5 |
330.5 |
|
|
IDEA |
Short |
176 |
173.5/71/68.5/66 |
178.5 |
|
long |
178.5 |
181/83.5/86 |
176 |
|
|
IDFC |
Short |
167 |
165/53/61/59/57 |
169 |
|
Long |
169 |
171/73/75/77 |
167 |
|
|
INFOSYS |
Short |
1948 |
1920/1892/64/36 |
1976 |
|
long |
1976 |
2004/32/60 |
1948 |
|
|
ITC |
Short |
322 |
318/14/10/06/02 |
326 |
|
Long |
326 |
330/34/38/42 |
322 |
|
|
LIC HSG |
Short |
428 |
421/14/07/400 |
431.5 |
|
long |
435 |
442/49/56 |
431.5 |
|
|
LT |
Short |
1636 |
1614/1592/70 |
1647 |
|
Long |
1658 |
1680/1702/24 |
1647 |
|
|
M&M |
Short |
1143 |
1127/11/1095/79 |
1151 |
|
Long |
1159 |
1185/1201 |
1151 |
|
|
MARUTI |
Short |
3733 |
3693/53/13 |
3773 |
|
Long |
3773 |
3813/53/93 |
373 |
|
|
ONGC |
Short |
305.5 |
300/294.5/89/83.5/78 |
311 |
|
long |
311 |
316.5/22/27.5/33 |
305.5 |
|
|
RELIANCE |
Short |
867 |
860/53/46/39 |
874 |
|
long |
874 |
881/88/95/902 |
867 |
|
|
SBI |
Short |
269 |
266/63/60/57/54/51/48 |
272 |
|
Long |
272 |
275/78/81/84/87/90 |
269 |
|
|
sun pharma |
Short |
941 |
928/15/02/889 |
947.5 |
|
Long |
954 |
967/80/93 |
947.5 |
|
|
TATAMOTORS |
Short |
508 |
500/492/84/76 |
512 |
|
Long |
516 |
524/32/40/48 |
512 |
|
|
TATASTEEL |
Short |
359 |
353/47/41/35/29/23 |
362 |
|
Long |
365 |
371/77/83 |
362 |
|
|
TCS |
Short |
2469 |
2440/11/2382/53 |
2498 |
|
Long |
2498 |
2527/56 |
2469 |
|
|
tech mahindra |
Short |
620 |
610/600/590/80 |
625 |
|
Long |
630 |
640/50/60 |
625 |
|
|
ULTRATECH |
Short |
2674 |
2651/28/05/2582/59/36/13 |
2697 |
|
Long |
2697 |
2720/43/66/89 |
2674 |
|
|
VOLTAS |
Short |
281 |
278/75/73/70/67/64/62/59 |
284 |
|
Long |
284 |
287/90/92 |
281 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
CNX AUTO |
short |
8155 |
x |
8245 |
|
long |
8245 |
x |
8155 |
|
|
CNX ENERGY |
short |
8360 |
x |
8465 |
|
long |
8465 |
x |
8360 |
|
|
CNX FMCG |
short |
19630 |
x |
19790 |
|
long |
19790 |
x |
19630 |
|
|
CNX INFRA |
short |
3153 |
x |
3183 |
|
long |
3183 |
x |
3153 |
|
|
CNX METAL |
short |
2392 |
x |
2414 |
|
long |
2414 |
x |
2392 |
|
|
CNX MIDCAP |
short |
12690 |
x |
12800 |
|
long |
12800 |
x |
12690 |
|
|
CNX PHARMA |
short |
12040 |
x |
12170 |
|
long |
12170 |
x |
12040 |
|
|
CNX PSU BANKS |
short |
3500 |
x |
3535 |
|
long |
3535 |
x |
3500 |
|
|
CNX REALTY |
short |
205.5 |
x |
208.5 |
|
long |
208.5 |
x |
205.5 |
|
FIRST 10 % CORRECTION SINCE SEPTEMBER 2013 . . .
Trading levels -- 4th / 8th MAY 2015
Last week, we had three major events happening from technical point of view – 1… We had first 10 % correction since September 2013. 2… We had first break of 200DMA since end September 2013. 3… we broke the HIGHER TOP HIGHER BOTTOM SEQUENCE which was going on since SEPTEMBER 2013.
All this corroborates to significant weakness in LONG TERM BULLISH trend. We have just corrected 23.8 % of the bull run from 5118 ( August 2013 ) to 9119 ( March 2015 ). IF WE FAIL TO BOUNCE FROM THIS LEVEL, WE MAY SLIP FURTHER TO 7900 / 7950 LEVEL.
This will inflict significant damage to portfolios since further very sharp cuts of even up to 10 / 15 % can be seen on popular large-cap / mid-cap stocks which the funds and individuals are holding. The whole texture of CONFIDENCE IN THE MARKET will get shattered and retail investors will just run away from the market booking profits.
Arun Shourie interview which has gone viral on the net has raised serious doubts about the efficacy of NAMO government and I am not ruling out a few more voices of dissent from the BJP ranks.
Please note that 200DMA is a very crucial technical level by everyone. Decisive break of this level – which is also very close to 50 WMA level at 8168 – is very very significant. I will be watching market action closely for next few days to see if there is any semblance of strength. IF NOT, WE ARE DESTINED TO GO DOWN TO 7900 / 7950 ZONE WITH RESULTANT DEEP GASHES ON INDIVIDUAL STOCKS.
So, in the coming few weeks, I will be only looking for opportunities to get a proper entry into some hallowed stocks which have corrected significantly or will do so in the days to come.
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 ? ? ?
MAY 2015 TRADING LEVELS will be out soon. You can have a look at the same before entering fresh trades. I have also released CY 2015 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
|
position trading |
weekly |
DATE |
4th / 8th may 2015 |
|
|
stocks / indices |
go |
entry |
Target |
Stoploss |
|
bse sensex |
short |
27190 |
27010/26830/650 |
27370 |
|
long |
27370 |
27550/730/910 |
27190 |
|
|
CNX IT |
short |
11000 |
10900/800/700/600/500 |
11100 |
|
long |
11100 |
11200/300/400/500 |
11000 |
|
|
CNX AUTO |
short |
8155 |
x |
8245 |
|
long |
8245 |
x |
8155 |
|
|
CNX ENERGY |
short |
8360 |
x |
8465 |
|
long |
8465 |
x |
8360 |
|
|
CNX FMCG |
short |
19630 |
x |
19790 |
|
long |
19790 |
x |
19630 |
|
|
CNX INFRA |
short |
3153 |
x |
3183 |
|
long |
3183 |
x |
3153 |
|
|
CNX METAL |
short |
2392 |
x |
2414 |
|
long |
2414 |
x |
2392 |
|
|
CNX MIDCAP |
short |
12690 |
x |
12800 |
|
long |
12800 |
x |
12690 |
|
|
CNX PHARMA |
short |
12040 |
x |
12170 |
|
long |
12170 |
x |
12040 |
|
|
CNX PSU BANKS |
short |
3500 |
x |
3535 |
|
long |
3535 |
x |
3500 |
|
|
CNX REALTY |
short |
205.5 |
x |
208.5 |
|
long |
208.5 |
x |
205.5 |
