June 2016
|
pl trade in the direction of NIFTY |
||||
|
intra levels |
|
DATE |
7th june 2016 |
|
|
stocks / indices |
go |
entry |
Target |
Stoploss |
|
NIFTY SPOT |
short |
8224 |
8204/8284/64/44 |
8244 |
|
long |
8264 |
8284/8304 |
8244 |
|
|
bank nifty |
short |
17670 |
17540/410/280 |
17800 |
|
long |
17800 |
17930/18060 |
17670 |
|
|
nestle |
short |
6470 |
6435/400/365/330 |
6505 |
|
long |
6505 |
7540/575/610 |
6470 |
|
|
BEL |
short |
1176 |
1170/64/58/52/46/40 |
1182 |
|
long |
1188 |
1194/1200/06/12/18/24/30 |
1182 |
|
|
repco home |
short |
710 |
706/02/698/94/90191/90/89/88 |
714 |
|
long |
714 |
718/22/26 |
710 |
|
|
tata motors |
short |
460 |
457/54/51/48/45 |
463 |
|
long |
463 |
466/69/72/75 |
460 |
|
|
sun pharma |
short |
720 |
713/06/699 |
723.5 |
|
long |
727 |
734/41 |
723.5 |
|
|
pl trade in the direction of NIFTY |
||||
|
intra levels |
|
DATE |
6th june 2016 |
|
|
stocks / indices |
go |
entry |
Target |
Stoploss |
|
NIFTY SPOT |
short |
8206 |
8184/62/40 |
8228 |
|
long |
8250 |
8272/94 |
8228 |
|
|
bank nifty |
short |
17690 |
17600/510/420/330 |
17780 |
|
long |
17780 |
17870/960 |
17690 |
|
|
kotak bank |
short |
770 |
765.5/61/56.5/52 |
774.5 |
|
long |
774.5 |
779/83.5/88 |
770 |
|
|
alkem labs |
short |
1359 |
1350/41/32/23/14 |
1368 |
|
long |
1368 |
1377/86/95 |
1359 |
|
|
engineers india |
short |
192 |
191/90/89/88 |
193 |
|
long |
193 |
194/95/96/97 |
192 |
|
|
TCI |
short |
301.5 |
299.5/97.5 |
303.5 |
|
long |
303.5 |
305.5/07.5/09.5 |
301.5 |
|
|
tvs electronics |
short |
104.5 |
103.5/02.5/01.5 |
105.5 |
|
long |
105.5 |
106.5/07.5/08.5/09.5/10.5 |
104.5 |
|
MY WEEKLY TAKE .....
NIFTY CONSOLIDATES WITH UPWARD BIAS . . .
Trading levels –6th / 10th June 2016
RBI credit policy meeting is on 7th June and as usual some marketmen have hopes of a rate cut. That hope is keeping BANK STOCKS buoyed. When banks r strong, NIFTY will eventually pull on the same side due to sheer weight of financial sector in the NIFTY.
If last week belonged to L&T, this week was TATA MOTOR’s turn. After the super results the stock moved up about 10 % pulling along other auto stocks and the AUTO index.
Now all the results are out and in general it is a mixed bag. Some analysts are hoping for some green shoots to appear in the coming quarter while many others don’t see that happening at least for another 2/3 quarters.
I am in the camp that nothing worthwhile is happening in the economy and the things may get worst socially as the ruling party may decide to polarize the voters further in a bid to win UP elections coming up early next year. THIS ONLY VITIATES THE ATMOSPHERE WHICH IS NOT REALLY CONDUCIVE TO ECONOMIC RECOVERY. No industrialist will ease the purse strings when he sees chaos all around.
Technically, we can see an inverse H&S pattern emerging on daily as well as weekly charts. While it is true that it should have lofty targets, the DEATH CROSS I mentioned last week as well should keep the up-move under check unless that effect is negated. FOR THE TIME BEING, I EXPECT 8330 / 8350 TO BE A VERY BIG RESISTANCE ZONE.
So, keep booking some profit at regular intervals and keep the cash in hand since I expect to get at least one opportunity to deploy the same at a NIFTY level of 7800/7900 … which means about 10 % lower for individual stocks.
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 ? ? ?
JUNE 2016 TRADING LEVELS are. You can have a look at the same before entering fresh trades. Keep visiting 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 |
30th may / 3rd june 2016 |
|
|
stocks / indices |
go |
entry |
Target |
Stoploss |
|
cnx nifty |
short |
8135 |
8035/7935/7835 |
8235 |
|
long |
8235 |
8335/435 |
8135 |
|
|
bse sensex |
short |
26600 |
26490/320/150 |
26770 |
|
long |
26940 |
27110/280/450 |
26770 |
|
|
bank nifty |
short |
17620 |
17460/300/140/16980 |
17780 |
|
long |
17780 |
17940/18100 |
17620 |
|
|
CNX AUTO |
short |
8725 |
x |
8800 |
|
long |
8800 |
x |
8725 |
|
|
CNX ENERGY |
short |
8410 |
x |
8510 |
|
long |
8510 |
x |
8410 |
|
|
CNX FMCG |
short |
20900 |
x |
21030 |
|
long |
21030 |
x |
20900 |
|
|
CNX INFRA |
short |
2765 |
x |
2805 |
|
long |
2805 |
x |
2765 |
|
|
CNX METAL |
short |
2040 |
x |
2058 |
|
long |
2058 |
x |
2040 |
|
|
NIFTY MID100 |
short |
13240 |
x |
13370 |
|
long |
13370 |
x |
13240 |
|
|
CNX PHARMA |
short |
10825 |
x |
10900 |
|
long |
10900 |
x |
10825 |
|
|
CNX PSU BANKS |
short |
2400 |
x |
2437 |
|
long |
2437 |
x |
2400 |
|
|
CNX REALTY |
short |
181.5 |
x |
183 |
|
long |
183 |
x |
181.5 |
|
POSN TRADING |
weekly |
DATE |
6th / 10th june 2016 |
|
|
stocks / indices |
go |
entry |
Target |
Stoploss |
|
ALWAYS PREFER TRADES IN THE DIRECTION OF NIFTY |
||||
|
cnx nifty |
short |
8135 |
8035/7935/7835 |
8235 |
|
long |
8235 |
8335/435 |
8135 |
|
|
bse sensex |
short |
26600 |
26490/320/150 |
26770 |
|
long |
26940 |
27110/280/450 |
26770 |
|
|
bank nifty |
short |
17620 |
17460/300/140/16980 |
17780 |
|
long |
17780 |
17940/18100 |
17620 |
|
|
CNX IT |
short |
11440 |
11330/220/110/11000 |
11550 |
|
long |
11550 |
11660/770/880 |
11440 |
|
|
axis bank |
Short |
538 |
533/28/23/18/13 |
543 |
|
Long |
543 |
548/53/58/63 |
538 |
|
|
BHARAT FORGE |
Short |
752 |
744/35/27/18 |
761 |
|
Long |
761 |
769/78/86 |
752 |
|
|
BOB |
Short |
139.5 |
137.75/36/34.25/32.5 |
141.25 |
|
Long |
143 |
144.75/46.5 |
141.25 |
|
|
COAL INDIA |
Short |
306.25 |
303.5/300.75/298 |
309 |
|
Long |
309 |
311.75/14.5/ 17.25/20 |
306.25 |
|
|
HDFC |
Short |
1249 |
1240/31/22/13/04 |
1258 |
|
Long |
1258 |
1267/76/85 |
1249 |
|
|
hdfc bank |
Short |
1174 |
1166/57/49/40/32/23 |
1183 |
|
Long |
1183 |
1191/1200 |
1174 |
|
|
HUL |
Short |
875 |
866/57/48/39/30 |
884 |
|
Long |
884 |
893/902/11/20 |
875 |
|
|
ICICI BANK |
Short |
242 |
240/38/36/34/32/30 |
244 |
|
Long |
246 |
248/50/52/54 |
244 |
|
|
INFOSYS |
Short |
1250 |
1236/22/08 |
1264 |
|
long |
1264 |
1278/92 |
1250 |
|
|
INDUSIND |
Short |
1107 |
1092/77/62/47 |
1122 |
|
Long |
1122 |
1137/52 |
1107 |
|
|
ITC |
Short |
348.5 |
343/37.5/32 |
354 |
|
Long |
354 |
359.5/65 |
348.5 |
|
|
LT |
Short |
1458 |
1446/33/20/08 |
1470 |
|
Long |
1470 |
1483/95/1508 |
1458 |
|
|
M&M |
Short |
1339 |
1327/15/03/1291 |
1351 |
|
Long |
1351 |
1363/75/87/99 |
1339 |
|
|
MARUTI |
Short |
4188 |
4155/22/4090/58/25 |
4220 |
|
Long |
4220 |
4252/85/317/350 |
4188 |
|
|
NBCC |
Short |
195.5 |
194/92.5/91 |
197 |
|
Long |
197 |
198.5/200/201.5/03 |
195.5 |
|
|
RELIANCE |
Short |
960 |
951/42/33/24 |
969 |
|
long |
969 |
978/87/96 |
960 |
|
|
SBI |
Short |
194.5 |
192/89.5/87/84.5/82 |
197 |
|
Long |
197 |
199.5/202/04.5/07 |
194.5 |
|
|
sun pharma |
Short |
740 |
733/26/19/12 |
747 |
|
Long |
747 |
754/61/68 |
740 |
|
|
TATAMOTORS |
Short |
449 |
443/37/31/25 |
455 |
|
Long |
455 |
461/67/73/79 |
449 |
|
|
tata steel |
Short |
336.5 |
332/27.5/23 |
341 |
|
Long |
341 |
345.5/50 |
336.5 |
|
|
TCS |
Short |
2617 |
2592/67/42/17 |
2642 |
|
Long |
2642 |
2667/92 |
2617 |
|
|
VOLTAS |
Short |
335 |
331.5/28/24.5/21 |
338.5 |
|
Long |
338.5 |
342/45.5/49 |
335 |
|
|
YES BANK |
Short |
1043 |
1034/25/16/07/998/89/80 |
1052 |
|
Long |
1052 |
1061/70/79/88 |
10431028 |
|
|
ULTRATECH |
Short |
3178 |
3153/28/03 |
3203 |
|
Long |
3203 |
3228/53/78/303 |
3178 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
CNX AUTO |
short |
8725 |
x |
8800 |
|
long |
8800 |
x |
8725 |
|
|
CNX ENERGY |
short |
8410 |
x |
8510 |
|
long |
8510 |
x |
8410 |
|
|
CNX FMCG |
short |
20900 |
x |
21030 |
|
long |
21030 |
x |
20900 |
|
|
CNX INFRA |
short |
2765 |
x |
2805 |
|
long |
2805 |
x |
2765 |
|
|
CNX METAL |
short |
2040 |
x |
2058 |
|
long |
2058 |
x |
2040 |
|
|
NIFTY MID100 |
short |
13240 |
x |
13370 |
|
long |
13370 |
x |
13240 |
|
|
CNX PHARMA |
short |
10825 |
x |
10900 |
|
long |
10900 |
x |
10825 |
|
|
CNX PSU BANKS |
short |
2400 |
x |
2437 |
|
long |
2437 |
x |
2400 |
|
|
CNX REALTY |
short |
181.5 |
x |
183 |
|
long |
183 |
x |
181.5 |
|
|
POSN TRADING |
weekly |
DATE |
6th / 10th june 2016 |
|
|
stocks / indices |
go |
entry |
Target |
Stoploss |
|
ALWAYS PREFER TRADES IN THE DIRECTION OF NIFTY |
||||
|
cnx nifty |
short |
8135 |
8035/7935/7835 |
8235 |
|
long |
8235 |
8335/435 |
8135 |
|
|
bse sensex |
short |
26600 |
26490/320/150 |
26770 |
|
long |
26940 |
27110/280/450 |
26770 |
|
|
bank nifty |
short |
17620 |
17460/300/140/16980 |
17780 |
|
long |
17780 |
17940/18100 |
17620 |
|
|
CNX IT |
short |
11440 |
11330/220/110/11000 |
11550 |
|
long |
11550 |
11660/770/880 |
11440 |
|
|
axis bank |
Short |
538 |
533/28/23/18/13 |
543 |
|
Long |
543 |
548/53/58/63 |
538 |
|
|
BHARAT FORGE |
Short |
752 |
744/35/27/18 |
761 |
|
Long |
761 |
769/78/86 |
752 |
|
|
BOB |
Short |
139.5 |
137.75/36/34.25/32.5 |
141.25 |
|
Long |
143 |
144.75/46.5 |
141.25 |
|
|
COAL INDIA |
Short |
306.25 |
303.5/300.75/298 |
309 |
|
Long |
309 |
311.75/14.5/ 17.25/20 |
306.25 |
|
|
HDFC |
Short |
1249 |
1240/31/22/13/04 |
1258 |
|
Long |
1258 |
1267/76/85 |
1249 |
|
|
hdfc bank |
Short |
1174 |
1166/57/49/40/32/23 |
1183 |
|
Long |
1183 |
1191/1200 |
1174 |
|
|
HUL |
Short |
875 |
866/57/48/39/30 |
884 |
|
Long |
884 |
893/902/11/20 |
875 |
|
|
ICICI BANK |
Short |
242 |
240/38/36/34/32/30 |
244 |
|
Long |
246 |
248/50/52/54 |
244 |
|
|
INFOSYS |
Short |
1250 |
1236/22/08 |
1264 |
|
long |
1264 |
1278/92 |
1250 |
|
|
INDUSIND |
Short |
1107 |
1092/77/62/47 |
1122 |
|
Long |
1122 |
1137/52 |
1107 |
|
|
ITC |
Short |
348.5 |
343/37.5/32 |
354 |
|
Long |
354 |
359.5/65 |
348.5 |
|
|
LT |
Short |
1458 |
1446/33/20/08 |
1470 |
|
Long |
1470 |
1483/95/1508 |
1458 |
|
|
M&M |
Short |
1339 |
1327/15/03/1291 |
1351 |
|
Long |
1351 |
1363/75/87/99 |
1339 |
|
|
MARUTI |
Short |
4188 |
4155/22/4090/58/25 |
4220 |
|
Long |
4220 |
4252/85/317/350 |
4188 |
|
|
NBCC |
Short |
195.5 |
194/92.5/91 |
197 |
|
Long |
197 |
198.5/200/201.5/03 |
195.5 |
|
|
RELIANCE |
Short |
960 |
951/42/33/24 |
969 |
|
long |
969 |
978/87/96 |
960 |
|
|
SBI |
Short |
194.5 |
192/89.5/87/84.5/82 |
197 |
|
Long |
197 |
199.5/202/04.5/07 |
194.5 |
|
|
sun pharma |
Short |
740 |
733/26/19/12 |
747 |
|
Long |
747 |
754/61/68 |
740 |
|
|
TATAMOTORS |
Short |
449 |
443/37/31/25 |
455 |
|
Long |
455 |
461/67/73/79 |
449 |
|
|
tata steel |
Short |
336.5 |
332/27.5/23 |
341 |
|
Long |
341 |
345.5/50 |
336.5 |
|
|
TCS |
Short |
2617 |
2592/67/42/17 |
2642 |
|
Long |
2642 |
2667/92 |
2617 |
|
|
VOLTAS |
Short |
335 |
331.5/28/24.5/21 |
338.5 |
|
Long |
338.5 |
342/45.5/49 |
335 |
|
|
YES BANK |
Short |
1043 |
1034/25/16/07/998/89/80 |
1052 |
|
Long |
1052 |
1061/70/79/88 |
10431028 |
|
|
ULTRATECH |
Short |
3178 |
3153/28/03 |
3203 |
|
Long |
3203 |
3228/53/78/303 |
3178 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
CNX AUTO |
short |
8725 |
x |
8800 |
|
long |
8800 |
x |
8725 |
|
|
CNX ENERGY |
short |
8410 |
x |
8510 |
|
long |
8510 |
x |
8410 |
|
|
CNX FMCG |
short |
20900 |
x |
21030 |
|
long |
21030 |
x |
20900 |
|
|
CNX INFRA |
short |
2765 |
x |
2805 |
|
long |
2805 |
x |
2765 |
|
|
CNX METAL |
short |
2040 |
x |
2058 |
|
long |
2058 |
x |
2040 |
|
|
NIFTY MID100 |
short |
13240 |
x |
13370 |
|
long |
13370 |
x |
13240 |
|
|
CNX PHARMA |
short |
10825 |
x |
10900 |
|
long |
10900 |
x |
10825 |
|
|
CNX PSU BANKS |
short |
2400 |
x |
2437 |
|
long |
2437 |
x |
2400 |
|
|
CNX REALTY |
short |
181.5 |
x |
183 |
|
long |
183 |
x |
181.5 |
|
