February 2017
MY WEEKLY TAKE ....
LULL BEFORE THE STORM -- IS IT ? ? ?
Trading levels – 20th / 24th FEBRUARY 2016
WE DID SPEND LAST TWO WEEKS IN A VERY TIGHT NIFTY RANGE OF 8712 / 8826 EXCEPT FOR THE LAST DAY WHEN WE SUDDENLY BROKE OUT OF THAT RANGE FOR A BRIEF PERIOD ONLY TO END INSIDE THE RANGE.
On Friday… we witnessed an unique event when HDFC BANK - a heavyweight in BANKNIFTY and NIFTY as well was allowed to be bought by FIIs on a normal trading window. This created havoc on trading screens as HDFC BANK opened 10 % higher than previous day’s close and traded volumes even bigger than the average full day volumes of sister exchange BSE.
Both NIFTY and BANKNIFTY futures opened way higher but at a significant discount to spot rates and that situation persisted for nearly half a day. The normalcy returned when RBI announced that FIIs can not buy any more HDFC BANK shares on Indian exchanges.
I feel this situation should have been managed in a much better and systematic / orderly manner by trading suspended for the stock for 2 hours and only the buyers and sellers should have been allowed to put in their binding bids. After this session was over, the normal trading could have resumed with usual 15 minute cool-off period.
The buy and sell bids then could have been matched and results announced by end of the day on first come first served basis considering the exact time at which bids were entered.
THIS COULD HAVE AVOIDED THE FREE FOR ALL DRAMA WHICH WE WITNESSED YESTERDAY.
As regards to regular trading in last 2 weeks, market is awaiting some cues from state elections. Before that, we will have a trailer as Maharashtra civic body election results will be out on 23rd February. THIS INCLUDES MAJOR RESULTS OF MUMBAI MUNICIPAL CORPORATION whose budget is in fact bigger than a few smaller states.
So hold your breath and wait for the drama to unfold later this week. IT WILL BE PRUDENT NOT TO TRADE FOR NEXT FEW DAYS.
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 ? ? ?
FEBRUARY 2017 TRADING LEVELS are posted on 1st February. 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.
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 ping me on 9371002943 on WHATSAPP for any queries. Please identify yourself clearly.
Indices weekly levels
|
position trading |
weekly |
DATE |
20th / 24th feb 2017 |
|
|
stocks / indices |
go |
entry |
Target |
Stoploss |
|
cnx nifty |
short |
8783 |
8727/8671/8615/8559 |
8839 |
|
long |
8895 |
8951/9007/63 |
8839 |
|
|
bse sensex |
short |
28420 |
28270/120/28970/820 |
28570 |
|
long |
28720 |
28870/29020/170 |
28570 |
|
|
bank nifty |
short |
20620 |
20410/200/19990/780/570 |
20830 |
|
long |
20830 |
21040/250 |
20620 |
|
|
cnx IT |
short |
10490 |
10400/310/220 |
10580 |
|
long |
10580 |
10670/760/850 |
10490 |
|
|
CNX AUTO |
short |
9643 |
x |
9743 |
|
long |
9743 |
x |
9643 |
|
|
CNX ENERGY |
short |
10820 |
x |
10910 |
|
long |
10910 |
x |
10820 |
|
|
CNX FMCG |
short |
22450 |
x |
22800 |
|
long |
22800 |
x |
22450 |
|
|
CNX INFRA |
short |
2997 |
x |
3028 |
|
long |
3028 |
x |
2997 |
|
|
CNX METAL |
short |
3048 |
x |
3080 |
|
long |
3080 |
x |
3048 |
|
|
NIFTY MID100 |
short |
16110 |
x |
16230 |
|
long |
16230 |
x |
16110 |
|
|
CNX PHARMA |
short |
10580 |
x |
10660 |
|
long |
10660 |
x |
10580 |
|
|
CNX PSU BANKS |
short |
3266 |
x |
3299 |
|
long |
3299 |
x |
3266 |
|
|
CNX REALTY |
short |
189.5 |
x |
191 |
|
long |
191 |
x |
189.5 |
|
PL OREFER TRADES IN THE DIRECTION OF NIFTY |
||||
|
intraday |
|
DATE |
20-Feb-17 |
|
|
stocks / indices |
go |
entry |
Target |
Stoploss |
|
NIFTY SPOT |
short |
8837 |
8823/09/8795/81/67 |
8851 |
|
long |
8851 |
8865/79 |
8837 |
|
|
bank nifty |
short |
20575 |
20450/325/200 |
20700 |
|
long |
20700 |
20825/950 |
20575 |
|
|
castrol |
short |
x |
XXX |
x |
|
long |
435 |
437/39/41/43/45 |
433 |
|
|
petronet lng |
short |
x |
XXX |
x |
|
long |
402 |
404/06/08/10/12 |
400 |
|
|
SRF |
short |
X |
XXX |
X |
|
long |
1596 |
1606/16/26 |
1586 |
|
|
BIOCON |
short |
x |
XXX |
x |
|
long |
1114 |
1120/26/32/38 |
1108 |
|
|
SRIRAM TRAN |
short |
x |
XXX |
x |
|
long |
944 |
948/52/56/60 |
940 |
|
|
POSN TRADING |
weekly |
DATE |
20th / 24th feb 2017 |
|
|
stocks / indices |
go |
entry |
Target |
Stoploss |
|
ALWAYS PREFER TRADES IN THE DIRECTION OF NIFTY |
||||
|
cnx nifty |
short |
8783 |
8727/8671/8615/8559 |
8839 |
|
long |
8895 |
8951/9007/63 |
8839 |
|
|
bse sensex |
short |
28420 |
28270/120/28970/820 |
28570 |
|
long |
28720 |
28870/29020/170 |
28570 |
|
|
bank nifty |
short |
20620 |
20410/200/19990/780/570 |
20830 |
|
long |
20830 |
21040/250 |
20620 |
|
|
cnx IT |
short |
10490 |
10400/310/220 |
10580 |
|
long |
10580 |
10670/760/850 |
10490 |
|
|
POSN TRADING |
weekly |
DATE |
20th / 24th feb 2017 |
|
|
stocks / indices |
go |
entry |
Target |
Stoploss |
|
ALWAYS PREFER TRADES IN THE DIRECTION OF NIFTY |
||||
|
cnx nifty |
short |
8783 |
8727/8671/8615/8559 |
8839 |
|
long |
8895 |
8951/9007/63 |
8839 |
|
|
bse sensex |
short |
28420 |
28270/120/28970/820 |
28570 |
|
long |
28720 |
28870/29020/170 |
28570 |
|
|
bank nifty |
short |
20620 |
20410/200/19990/780/570 |
20830 |
|
long |
20830 |
21040/250 |
20620 |
|
|
cnx IT |
short |
10490 |
10400/310/220 |
10580 |
|
long |
10580 |
10670/760/850 |
10490 |
|
|
ashok leyland |
Short |
93.5 |
92.5/91.5/90.5/89.5/88.5 |
94.5 |
|
Long |
94.5 |
95.5/96.5 |
93.5 |
|
|
axis bank |
Short |
490 |
485.5/81/76.5/72 |
494.5 |
|
Long |
494.5 |
499/503.5/08 |
490 |
|
|
BHARAT FORGE |
Short |
1061 |
1048/35/22/09 |
1074 |
|
Long |
1074 |
1087/1100 |
1061 |
|
|
BOB |
Short |
165.5 |
163.25/61/58.75/56.5 |
167.75 |
|
Long |
167.75 |
170/72.25/74.5 |
165.5 |
|
|
ESCORTS |
Short |
406 |
400/394/88/82/76/70 |
412 |
|
Long |
412 |
418/24/30 |
406 |
|
|
HDFC |
Short |
1398 |
1380/62/44/26/08 |
1398 |
|
Long |
1416 |
1434/52/70 |
1416 |
|
|
hdfc bank |
Short |
1368 |
1359/50/41/32/23/14 |
1377 |
|
Long |
1377 |
1386/95/1404 |
1368 |
|
|
HUL |
Short |
838 |
830/22/14/06 |
846 |
|
Long |
846 |
854/62/70/78 |
838 |
|
|
ICICI BANK |
Short |
282.75 |
280.5/78.25/76/73.75/71.5 |
285 |
|
Long |
285 |
287.25/89.5 |
282.75 |
|
|
INFOSYS |
Short |
994 |
985/76/67 |
1003 |
|
long |
1003 |
1012/21/30 |
994 |
|
|
INDUSIND |
Short |
1331 |
1315/1299/83/67/51 |
1347 |
|
Long |
1347 |
1363/79/95 |
1331 |
|
|
ITC |
Short |
268.5 |
265.5/62.5/59.5 |
271.5 |
|
Long |
271.5 |
274.5/77.5/80.5 |
268.5 |
|
|
LT |
Short |
1470 |
1456/42/28/14/1400 |
1484 |
|
Long |
1484 |
1498/1512 |
1470 |
|
|
M SUMI |
Short |
350 |
347/44/41/38/35 |
353 |
|
Long |
353 |
356/59/62 |
350 |
|
|
M&M |
Short |
1314 |
1298/82/66/50 |
1330 |
|
Long |
1330 |
1346/62 |
11314276 |
|
|
MARUTI |
Short |
6015 |
5970/25/5880/35 |
6060 |
|
Long |
6060 |
6105/50 |
6015 |
|
|
NBCC |
Short |
175 |
173.25/71.5/69.75/68 |
176.75 |
|
Long |
176.75 |
178.5/80.25/82 |
175 |
|
|
PNB |
Short |
140.5 |
139.25/38/36.75/35.5 |
141.75 |
|
Long |
141.75 |
143/44.25 |
140.5 |
|
|
RELIANCE |
Short |
1074 |
1060/46/32 |
1088 |
|
long |
1088 |
1102/16/30 |
1074 |
|
|
SBI |
Short |
270 |
267.5/65/62.5/60 |
272.5 |
|
Long |
272.5 |
275/77.5/80 |
270 |
|
|
sun pharma |
Short |
678 |
669/60/51/42 |
687 |
|
Long |
687 |
696/705 |
678 |
|
|
TATAMOTORS |
Short |
454 |
448/42/36/30 |
460 |
|
Long |
460 |
466/72/78 |
454 |
|
|
tata steel |
Short |
470 |
462.5/55/47.5/40 |
477.5 |
|
Long |
477.5 |
485/92.5/500 |
470 |
|
|
TCS |
Short |
2403 |
2378/53/28/03 |
2428 |
|
Long |
2428 |
2453/78/503 |
2403 |
|
|
TVS MOTORS |
Short |
424 |
420.5/17/13.5/10 |
427.5 |
|
Long |
427.5 |
431/34.5/38/41.5 |
424 |
|
|
TITAN |
Short |
430 |
427/24/21/18/15/12/09/06/03/400 |
433 |
|
Long |
433 |
436/39/42 |
430 |
|
|
VOLTAS |
Short |
345.5 |
343/40.5/38/35.5/33/30.5 |
348 |
|
Long |
350.5 |
353/55.5/58 |
348 |
|
|
YES BANK |
Short |
1440 |
1422/03/1385/66 |
1459 |
|
Long |
1459 |
1477/96 |
1440 |
|
|
ULTRATECH |
Short |
3700 |
3662/25/3588/50 |
3738 |
|
Long |
3738 |
3775/812/850 |
3700 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
CNX AUTO |
short |
9643 |
x |
9743 |
|
long |
9743 |
x |
9643 |
|
|
CNX ENERGY |
short |
10820 |
x |
10910 |
|
long |
10910 |
x |
10820 |
|
|
CNX FMCG |
short |
22450 |
x |
22800 |
|
long |
22800 |
x |
22450 |
|
|
CNX INFRA |
short |
2997 |
x |
3028 |
|
long |
3028 |
x |
2997 |
|
|
CNX METAL |
short |
3048 |
x |
3080 |
|
long |
3080 |
x |
3048 |
|
|
NIFTY MID100 |
short |
16110 |
x |
16230 |
|
long |
16230 |
x |
16110 |
|
|
CNX PHARMA |
short |
10580 |
x |
10660 |
|
long |
10660 |
x |
10580 |
|
|
CNX PSU BANKS |
short |
3266 |
x |
3299 |
|
long |
3299 |
x |
3266 |
|
|
CNX REALTY |
short |
189.5 |
x |
191 |
|
long |
191 |
x |
189.5 |
|
|
POSN TRADING |
weekly |
DATE |
20th / 24th feb 2017 |
|
|
stocks / indices |
go |
entry |
Target |
Stoploss |
|
ALWAYS PREFER TRADES IN THE DIRECTION OF NIFTY |
||||
|
cnx nifty |
short |
8783 |
8727/8671/8615/8559 |
8839 |
|
long |
8895 |
8951/9007/63 |
8839 |
|
|
bse sensex |
short |
28420 |
28270/120/28970/820 |
28570 |
|
long |
28720 |
28870/29020/170 |
28570 |
|
|
bank nifty |
short |
20620 |
20410/200/19990/780/570 |
20830 |
|
long |
20830 |
21040/250 |
20620 |
|
|
cnx IT |
short |
10490 |
10400/310/220 |
10580 |
|
long |
10580 |
10670/760/850 |
10490 |
|
|
ashok leyland |
Short |
93.5 |
92.5/91.5/90.5/89.5/88.5 |
94.5 |
|
Long |
94.5 |
95.5/96.5 |
93.5 |
|
|
axis bank |
Short |
490 |
485.5/81/76.5/72 |
494.5 |
|
Long |
494.5 |
499/503.5/08 |
490 |
|
|
BHARAT FORGE |
Short |
1061 |
1048/35/22/09 |
1074 |
|
Long |
1074 |
1087/1100 |
1061 |
|
|
BOB |
Short |
165.5 |
163.25/61/58.75/56.5 |
167.75 |
|
Long |
167.75 |
170/72.25/74.5 |
165.5 |
|
|
ESCORTS |
Short |
406 |
400/394/88/82/76/70 |
412 |
|
Long |
412 |
418/24/30 |
406 |
|
|
HDFC |
Short |
1398 |
1380/62/44/26/08 |
1398 |
|
Long |
1416 |
1434/52/70 |
1416 |
|
|
hdfc bank |
Short |
1368 |
1359/50/41/32/23/14 |
1377 |
|
Long |
1377 |
1386/95/1404 |
1368 |
|
|
HUL |
Short |
838 |
830/22/14/06 |
846 |
|
Long |
846 |
854/62/70/78 |
838 |
|
|
ICICI BANK |
Short |
282.75 |
280.5/78.25/76/73.75/71.5 |
285 |
|
Long |
285 |
287.25/89.5 |
282.75 |
|
|
INFOSYS |
Short |
994 |
985/76/67 |
1003 |
|
long |
1003 |
1012/21/30 |
994 |
|
|
INDUSIND |
Short |
1331 |
1315/1299/83/67/51 |
1347 |
|
Long |
1347 |
1363/79/95 |
1331 |
|
|
ITC |
Short |
268.5 |
265.5/62.5/59.5 |
271.5 |
|
Long |
271.5 |
274.5/77.5/80.5 |
268.5 |
|
|
LT |
Short |
1470 |
1456/42/28/14/1400 |
1484 |
|
Long |
1484 |
1498/1512 |
1470 |
|
|
M SUMI |
Short |
350 |
347/44/41/38/35 |
353 |
|
Long |
353 |
356/59/62 |
350 |
|
|
M&M |
Short |
1314 |
1298/82/66/50 |
1330 |
|
Long |
1330 |
1346/62 |
11314276 |
|
|
MARUTI |
Short |
6015 |
5970/25/5880/35 |
6060 |
|
Long |
6060 |
6105/50 |
6015 |
|
|
NBCC |
Short |
175 |
173.25/71.5/69.75/68 |
176.75 |
|
Long |
176.75 |
178.5/80.25/82 |
175 |
|
|
PNB |
Short |
140.5 |
139.25/38/36.75/35.5 |
141.75 |
|
Long |
141.75 |
143/44.25 |
140.5 |
|
|
RELIANCE |
Short |
1074 |
1060/46/32 |
1088 |
|
long |
1088 |
1102/16/30 |
1074 |
|
|
SBI |
Short |
270 |
267.5/65/62.5/60 |
272.5 |
|
Long |
272.5 |
275/77.5/80 |
270 |
|
|
sun pharma |
Short |
678 |
669/60/51/42 |
687 |
|
Long |
687 |
696/705 |
678 |
|
|
TATAMOTORS |
Short |
454 |
448/42/36/30 |
460 |
|
Long |
460 |
466/72/78 |
454 |
|
|
tata steel |
Short |
470 |
462.5/55/47.5/40 |
477.5 |
|
Long |
477.5 |
485/92.5/500 |
470 |
|
|
TCS |
Short |
2403 |
2378/53/28/03 |
2428 |
|
Long |
2428 |
2453/78/503 |
2403 |
|
|
TVS MOTORS |
Short |
424 |
420.5/17/13.5/10 |
427.5 |
|
Long |
427.5 |
431/34.5/38/41.5 |
424 |
|
|
TITAN |
Short |
430 |
427/24/21/18/15/12/09/06/03/400 |
433 |
|
Long |
433 |
436/39/42 |
430 |
|
|
VOLTAS |
Short |
345.5 |
343/40.5/38/35.5/33/30.5 |
348 |
|
Long |
350.5 |
353/55.5/58 |
348 |
|
|
YES BANK |
Short |
1440 |
1422/03/1385/66 |
1459 |
|
Long |
1459 |
1477/96 |
1440 |
|
|
ULTRATECH |
Short |
3700 |
3662/25/3588/50 |
3738 |
|
Long |
3738 |
3775/812/850 |
3700 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
CNX AUTO |
short |
9643 |
x |
9743 |
|
long |
9743 |
x |
9643 |
|
|
CNX ENERGY |
short |
10820 |
x |
10910 |
|
long |
10910 |
x |
10820 |
|
|
CNX FMCG |
short |
22450 |
x |
22800 |
|
long |
22800 |
x |
22450 |
|
|
CNX INFRA |
short |
2997 |
x |
3028 |
|
long |
3028 |
x |
2997 |
|
|
CNX METAL |
short |
3048 |
x |
3080 |
|
long |
3080 |
x |
3048 |
|
|
NIFTY MID100 |
short |
16110 |
x |
16230 |
|
long |
16230 |
x |
16110 |
|
|
CNX PHARMA |
short |
10580 |
x |
10660 |
|
long |
10660 |
x |
10580 |
|
|
CNX PSU BANKS |
short |
3266 |
x |
3299 |
|
long |
3299 |
x |
3266 |
|
|
CNX REALTY |
short |
189.5 |
x |
191 |
|
long |
191 |
x |
189.5 |
|
