November 2014
|
PREFER TO TRADE IN THE DIRECTION OF NIFTY |
||||
|
intra levels |
|
DATE |
24th november 2014 |
|
|
stocks / indices |
go |
entry |
Target |
Stoploss |
|
NIFTY SPOT |
short |
8520 |
8497/74/51 |
8543 |
|
long |
8543 |
8566/89 |
8520 |
|
|
bank nifty |
short |
18100 |
18030/17960/890/820/750 |
18170 |
|
long |
18170 |
18240/320/380/450 |
18100 |
|
|
icici bank |
short |
1734 |
1727/19/12/04 |
1752 |
|
long |
1742 |
1749/57/64 |
1734 |
|
|
maruti |
short |
3352 |
3336/20/04 |
3368 |
|
long |
3368 |
3384/3400 |
3352 |
|
|
TCS |
short |
2619 |
2606/2593/80 |
2632 |
|
long |
2632 |
2645/58/71/84 |
2619 |
|
|
CORPN BANK |
short |
320 |
318/16/14/12/10 |
322 |
|
long |
322 |
324/26/28 |
320 |
|
|
POSN TRADING |
weekly |
DATE |
24th / 28th november 2014 |
|
|
stocks / indices |
go |
entry |
Target |
Stoploss |
|
ALWAYS PREFER TRADES IN THE DIRECTION OF NIFTY |
||||
|
cnx nifty |
short |
8495 |
8410/8325/8240 |
8537 |
|
long |
8580 |
8665/8750 |
8537 |
|
|
bse sensex |
short |
28390 |
28255/120/27985/850 |
28525 |
|
long |
28660 |
28795/930 |
28525 |
|
|
BANK NIFTY |
Short |
18180 |
18040/17900/760/620 |
18320 |
|
Long |
18320 |
18460/600/740/880 |
18180 |
|
|
POSN TRADING |
weekly |
DATE |
24th / 28th november 2014 |
|
|
stocks / indices |
go |
entry |
Target |
Stoploss |
|
ALWAYS PREFER TRADES IN THE DIRECTION OF NIFTY |
||||
|
cnx nifty |
short |
8495 |
8410/8325/8240 |
8537 |
|
long |
8580 |
8665/8750 |
8537 |
|
|
bse sensex |
short |
28390 |
28255/120/27985/850 |
28525 |
|
long |
28660 |
28795/930 |
28525 |
|
|
BANK NIFTY |
Short |
18180 |
18040/17900/760/620 |
18320 |
|
Long |
18320 |
18460/600/740/880 |
18180 |
|
|
CNX IT |
short |
11625 |
11485/345/205/065 |
11765 |
|
long |
11765 |
11905/12045 |
11625 |
|
|
aurobindo |
Short |
1115 |
1106/1096/87/77 |
1125 |
|
Long |
1125 |
1134/44/53/63/72 |
1115 |
|
|
axis bank |
Short |
477.5 |
469/60.5/52/43.5/35 |
482 |
|
Long |
486 |
494.5/503 |
482 |
|
|
BHARAT FORGE |
Short |
917 |
906/895/84/73/62/51/40 |
928 |
|
Long |
928 |
939/50/61 |
917 |
|
|
CIPLA |
Short |
630.5 |
625/19.5/14/08.5/03 |
636 |
|
Long |
636 |
641.5/47/52.5/58 |
630.5 |
|
|
COAL INDIA |
Short |
347 |
343/39/35/31/27 |
351 |
|
Long |
351 |
355/59/63/67/71 |
347 |
|
|
dr reddys |
Short |
3525 |
3495/65/35/05/375/45/15 |
3555 |
|
Long |
3555 |
3585/615/45 |
3525 |
|
|
HDFC |
Short |
1132 |
1120/08/1096/84 |
1144 |
|
Long |
1144 |
1156/68/80 |
1132 |
|
|
hdfc bank |
Short |
929 |
921/13/05/897/89 |
937 |
|
Long |
937 |
945/53/61 |
929 |
|
|
HUL |
Short |
751 |
744/37/30/23/16 |
758 |
|
Long |
758 |
765/72/79 |
751 |
|
|
ICICI BANK |
Short |
1726 |
1712/1698/84/70 |
1740 |
|
Long |
1740 |
1754/68/82/96 |
1726 |
|
|
INFOSYS |
Short |
4155 |
4124/4093/62/31/4000 |
4186 |
|
long |
4186 |
4217/48/79/310 |
4155 |
|
|
ITC |
Short |
374 |
370.5/67/63.5/60 |
377.5 |
|
Long |
377.5 |
381/84.5/88 |
374 |
|
|
LT |
Short |
1666 |
1654/40/26/12/1598/84/70 |
1680 |
|
Long |
1680 |
1694/1708/22 |
1666 |
|
|
MARUTI |
Short |
3338 |
3301/263/27/190 |
3377 |
|
Long |
3377 |
3414/51 |
3338 |
|
|
ONGC |
Short |
384.5 |
381/77.5/74/70.5 |
388 |
|
long |
388 |
391.5/95/98.5/402 |
384.5 |
|
|
RELIANCE |
Short |
992 |
977/62/47/32 |
1000 |
|
long |
1007 |
1022/37 |
1000 |
|
|
SBI |
Short |
304 |
301/298/95/92/89/86 |
307 |
|
Long |
307 |
310/13/16/19 |
304 |
|
|
sun pharma |
Short |
846 |
834/22/10/798/86 |
852 |
|
Long |
858 |
870/82/94 |
852 |
|
|
TATAMOTORS |
Short |
530.5 |
526/21.5/17/12.5/08/03.5/499 |
535 |
|
Long |
535 |
539.5/44/48.5/53 |
530.5 |
|
|
TCS |
Short |
2611 |
2590/69/48/27/06 |
2632 |
|
Long |
2632 |
2653/74/95 |
2611 |
|
|
tech mahindra |
Short |
2684 |
2657/30/03/2576 |
2711 |
|
Long |
2711 |
2738/65/92 |
2684 |
|
|
ULTRATECH |
Short |
2491 |
2469/47/25/03/2381 |
2513 |
|
Long |
2513 |
2535/57/79 |
2491 |
|
|
VOLTAS |
Short |
277 |
274/71/68/65/62/59/56 |
280 |
|
Long |
280 |
283/86/89/92 |
277 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
CNX AUTO |
short |
8370 |
x |
8460 |
|
long |
8460 |
x |
8370 |
|
|
CNX ENERGY |
short |
9482 |
x |
9577 |
|
long |
9577 |
x |
9482 |
|
|
CNX FMCG |
short |
20300 |
x |
20470 |
|
long |
20470 |
x |
20300 |
|
|
CNX INFRA |
short |
3304 |
x |
3333 |
|
long |
3333 |
x |
3304 |
|
|
CNX METAL |
short |
2795 |
x |
2818 |
|
long |
2818 |
x |
2795 |
|
|
CNX MIDCAP |
short |
12250 |
x |
12390 |
|
long |
12390 |
x |
12250 |
|
|
CNX PHARMA |
short |
11195 |
x |
11295 |
|
long |
11295 |
x |
11195 |
|
|
CNX PSU BANKS |
short |
4063 |
x |
4113 |
|
long |
4113 |
x |
4063 |
|
|
CNX REALTY |
short |
213 |
x |
216 |
|
long |
216 |
x |
213 |
|
PRE-EMPTING A BREAKOUT . . . .
Trading levels --- 24th / 28th NOVEMBER 2014
The week was rather sedate but we had fireworks on the last trading day. Chinese central bank announced a sudden rate-cut of 40 basis points and taking that cue the local bull operators ramped up the bank nifty no end. It was perceived as strong FII buying but the figures did not indicate that after close of trading. SO IT SEEMS TO BE FRONT RUNNING AHEAD OF RBI MEET NEXT WEEK. It seems a bit too early but the bull operators have emboldened on the back of pile of cash made over last 4/5 months.
It may turn out to be a failed break-out but that only time will tell. So, we must watch next week’s trading with interest.
Currently indices are trading over 20 times the trailing 12 month P/E and generally this indicates that some profit booking is warranted. The projected EPS improvement is likely to take longer than expected - which means even the index projections have to be shifted minimum 6 to 9 months out. HOWEVER THE WHOLE BROKERAGE / MF / INVESTMENT BANKING INDUSTRY RUNS ON PEER COMPARISON. SO THERE IS A GREAT DEAL OF RELUCTANCE ON THEIR PART TO ACCEPT THIS FACT TILL THE DIVERGENCE BECOMES GROSS. In layman’s term this is called as market is running ahead of fundamentals.
President Obama will be attending the republic day parade on 26th January 2015. This is a diplomatic coup achieved by our PM and it will have some positive effect on Monday morning trades.
So, just continue to bask in the sunlight as long as it lasts. Forget about fundamentals / technicals / valuations. Don’t even think of BUFFET doctrine / GRAHAM’s postulate as all that does not work in these euphoric times.
Just hold on to the stocks that you have and don’t make any fresh investments. Time will come for that and one needs to be patient.
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 ? ? ?
NOVEMBER 2014 TRADING LEVELS are out. 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 |
24th / 28th november 2014 |
|
|
stocks / indices |
go |
entry |
Target |
Stoploss |
|
bse sensex |
short |
28390 |
28255/120/27985/850 |
28525 |
|
long |
28660 |
28795/930 |
28525 |
|
|
CNX IT |
short |
11625 |
11485/345/205/065 |
11765 |
|
long |
11765 |
11905/12045 |
11625 |
|
|
CNX AUTO |
short |
8370 |
x |
8460 |
|
long |
8460 |
x |
8370 |
|
|
CNX ENERGY |
short |
9482 |
x |
9577 |
|
long |
9577 |
x |
9482 |
|
|
CNX FMCG |
short |
20300 |
x |
20470 |
|
long |
20470 |
x |
20300 |
|
|
CNX INFRA |
short |
3304 |
x |
3333 |
|
long |
3333 |
x |
3304 |
|
|
CNX METAL |
short |
2795 |
x |
2818 |
|
long |
2818 |
x |
2795 |
|
|
CNX MIDCAP |
short |
12250 |
x |
12390 |
|
long |
12390 |
x |
12250 |
|
|
CNX PHARMA |
short |
11195 |
x |
11295 |
|
long |
11295 |
x |
11195 |
|
|
CNX PSU BANKS |
short |
4063 |
x |
4113 |
|
long |
4113 |
x |
4063 |
|
|
CNX REALTY |
short |
213 |
x |
216 |
|
long |
216 |
x |
213 |
|
PREFER TO TRADE IN THE DIRECTION OF NIFTY |
||||
|
intra levels |
|
DATE |
21st november 2014 |
|
|
stocks / indices |
go |
entry |
Target |
Stoploss |
|
NIFTY SPOT |
short |
8392 |
8376/60/44/28 |
8408 |
|
long |
8408 |
8424/40/56 |
8392 |
|
|
bank nifty |
short |
17660 |
17605/550/495/440 |
17715 |
|
long |
17715 |
17770/825/880 |
17660 |
|
