SHORT TERM TRADES; VOLTAS, MAHINDRA AND MAHINDRA, SYNDICATE BANK, PNB, ALLAHABAD BANK, SBI, HPCL

VOLTAS:

• BUY AT CMP 237
• KEEP A SL AT 230 CLOSING BASIS
• TARGETS ARE 243, 247, 254, 260
• 2-4 WEEKS

TARGET 243 HIT ON 28/8/2014
ALL TARGETS HIT BY 5/9/2014

MAHINDRA AND MAHINDRA:

• BUY AT CMP 1391
• KEEP A SL AT 1370 CLOSING BASIS
• TARGETS ARE 1400, 1410, 1415, 1425, 1433, 1440, 1445, 1462
• 4-6 WEEKS

TARGETS UPTO 1433 HIT ON 25/8/2014

SYNDICATE BANK:

• BUY AT CMP 129.
• KEEP A SL AT 122 CLOSING BASIS
• TARGETS ARE 133, 137, 142, 145
• 2-4 WEEKS

STOP LOSS TRIGGERED 28/8/2014

PNB:

• BUY AT CMP 984
• KEEP A SL AT 950 CLOSING BASIS
• TARGETS ARE 995, 1005, 1010, 1018, 1025, 1030
• 2-4 WEEKS

TARGET 995 HIT ON 25/8/2014
STOP LOSS TRIGGERED 28/8/2014

ALLAHABAD BANK:

• BUY AT CMP 125
• KEEP A SL AT 120 CLOSING BASIS
• TARGETS ARE 128, 132, 137, 140
• 4 WEEKS

STOP LOSS TRIGGERED 28/8/2014

SBI:

• BUY AT CMP 2524
• KEEP A SL AT 2450 CLOSING BASIS
• TARGETS ARE 2548, 2566, 2575, 2591, 2615, 2630, 2645, 2660
• 2-4 WEEKS

TARGETS UPTO 2575 HIT ON 25/8/2014
TARGETS UPTO 2641 HIT BY 12/9/2014

HPCL:

• BUY AT CMP 458
• KEEP A SL AT 415 CLOSING BASIS
• TARGETS ARE 467, 475, 481, 492, 500, 510
• 4 WEEKS

ALL TARGETS UPTO 481 HIT BY 3/9/2014
ALL TARGETS UPTO 500 HIT BY 12/9/2014

FOR EARLIER TRADES PLEASE SEE HERE

SHORT TERM TRADES; SBI, BANK OF BARODA, MAHINDRA AND MAHINDRA, MARUTI SUZUKI

SBI

• BUY AT CMP 2417
• SL AT 2350 CLOSING BASIS
• TARGETS ARE 2450, 2485, 2520, 2550
• 2-3 WEEKS

ALL TARGETS HIT BY 22/8/2014

BOB:

• BUY AT CMP 859
• SL AT 780 CLOSING BASIS
• TARGETS ARE 870, 875, 893, 905, 923, 937
• 4 WEEKS

ALL TARGETS UPTO 923 HIT BY 22/8/2014

MAHINDRA AND MAHINDRA:

• BUY AT CMP 1229
• SL AT 1160 CLOSING
• TARGETS ARE 1237, 1244, 1250, 1259, 1265, 1277, 1290
• 4 WEEKS

ALL TARGETS HIT BY 11/8/2014

MARUTI:

• BUY AT CMP 2618
• SL AT 2550 CLOSING BASIS
• TARGETS ARE 2625, 2640, 2655, 2675, 2688, 2700, 2720.
• 4 WEEKS

ALL TARGETS  HIT BY 21/8/2014

EARLIER TRADING IDEAS LOOK HERE

SHORT TERM TRADES; ULTRATECH CEMENT, SBI, UCO BANK, LARSEN, IRB INFRA, PATEL ENGG.

ULTRATECH CEMENT:

• BUY AT CMP 2674
• KEEP A SL AT 2500 CLOSING BASIS
• TARGETS ARE 2700, 2735, 2760, 2785, 2800, 2825.
• 2-3 WEEKS, 2-3 MONTH TARGET 3100

ALL TARGETS UPTO 2825 HIT BY 9/6/2014

SBI:

• BUY AT CMP 2739
• KEEP A SL AT 2540 CLOSING BASIS
• TARGETS 2765, 2790, 2810, 2840, 2875.
• 3-4 WEEKS.

UCO BANK:

• BUY AT CMP 114
• KEEP A SL AT 100 CLOSING BASIS
• TARGETS ARE 120, 124, 130, 135
• 3-4 WEEKS

LARSEN:

• BUY AT CMP 1681
• KEEP A SL AT 1550 CLOSING BASIS
• TARGETS ARE 1700, 1715, 1727, 1740, 1760, 1775, 1800
• 4 WEEKS

ALL TARGETS UPTO 1775 HIT ON 9/6/2014

IRB INFRA:

• BUY AT CMP 214
• SL AT 197 CLOSING BASIS
• TARGETS 220, 235, 250
• 4-6 WEEKS

TARGET 220 HIT ON 9/6/2014
STOP LOSS TRIGGERED ON 13/6/2014

PATEL ENGG:

• BUY AT CMP 122
• SL AT 102 CLOSING BASIS
• TARGETS 130, 135, 145, 150
• 4 WEEKS

ALL TARGETS HIT BY 11/6/2014

TO SEE THE PERFORMANCE OF OUR EARLIER IDEAS CLICK HERE

 

SOME MORE ELECTION RALLY TRADES; ICICI BANK, PNB, SBI, BHEL, DLF, ZEE ENT, BAJAJ AUTO

We have had almost 100 percent success with our earlier election-rally trading ideas SEE HERE ; not surprising seeing the manic upmove in the Markets. Here are some more:

ICICI BANK

• Buy at cmp 1259
• Keep a sl at 1220 closing
• Target 1280, 1300, 1320
• 4 weeks

ALL TARGETS HIT

PNB:

• Buy at cmp 750
• Keep a sl at 700 closing
• Targets 760, 775, 800
• 4 weeks

TARGETS UPTO 775 HIT ON 31/3/2014
ALL TARGETS HIT

SBI:

• Buy at cmp 1900
• Keep a sl at 1830 closing
• Targets 1915, 1925, 1960, 1980
• 4-6 weeks

TARGETS UPTO 1925 HIT ON 31/3/2014
ALL TARGETS HIT

BHEL:

• Buy at cmp 200
• Keep a sl at 190 closing
• Targets 205, 210, 220, 225
• 4 weeks

ALL TARGETS HIT

DLF:

• Buy at cmp 175
• Keep a sl at 160 closing
• Targets 182, 190, 200
• 4-6 weeks

ALL TARGETS HIT

ZEE ENT:

• Buy at cmp 271
• Keep a sl at 260 closing
• Targets 277, 285, 292, 300
• 6  weeks

TARGET 277 HIT BY 2/4/2014

BAJAJ AUTO:

• Buy at cmp 2058
• Keep a sl at 2000 closing
• Targets 2075, 2090, 2110, 2125
• 4-6 weeks

TARGETS UPTO 2090 HIT ON 31/3/2014

BEST OF LUCK!

I WANT TO KEEP THIS BLOG ABSOLUTELY APOLITICAL BUT I WILL SURELY APPEAL TO ALL READERS / MARKET PARTICIPANTS TO PLEASE DO GO OUT AND CAST YOUR VOTE IN FAVOUR OF THE PARTY / COMBINATION THAT YOU FEEL IS BEST FOR THE COUNTRY / MARKETS / ECONOMY. PLEASE EXERCISE YOUR FRANCHISE JUDICIOUSLY AND LET US HOPE THAT THIS MARKET RALLY TRANSFORMS INTO A MULTI YEAR BULL RUN!!!!

THE ELECTION RALLY TRADES: SBI, ADANI ENTERPRISES, CROMPTON GREAVES, IDFC, LARSEN.

SBI:

1. Buy at cmp 1649
2. SL at 1600 closing.
3. Target 1750
4. 4-6 weeks

TARGET HIT ON 26/3/2014

ADANI ENTERPRISES:

1. Buy at cmp 303
2. SL at 280 closing.
3. Target 350
4. 4 weeks

TARGET HIT ON 28/3/2014

CROMPTON GREAVES:

1. Buy at cmp 145
2. SL at 137 closing
3. Target 160
4. 4-6 weeks

TARGET HIT ON 26/3/2014

IDFC:

1. Buy at cmp 105
2. SL at 95 closing
3. Target 130
4. 4-6 weeks

TARGET HIT ON 2/4/2014

LARSEN:

1. Buy at cmp 1198
2. SL at 1140 closing
3. Target 1320
4. 4-6 weeks

EARLIER TRADING IDEAS  HERE

 

SHORT TERM TRADING IDEAS; LARSEN, HDFC, SBI, TATA MOTORS, GMR INFRA

LARSEN:

1. BUY AT CMP 753
2. KEEP A STOP LOSS AT 690 CLOSING BASIS
3. TARGETS ARE 757, 760, 766, 775, 783, 791, 800
4. TIME 4-6 WEEKS

ALL TARGETS HIT

HDFC:

1. BUY AT CMP 761
2. KEEP A STOP LOSS AT 695 CLOSING BASIS
3. TARGETS ARE 767, 772, 780, 787, 795, 807.
4. TIME, THIS MONTH

ALL TARGETS HIT

SBI:

1. BUY AT CMP 1633
2. KEEP A STOP LOSS AT 1550 CLOSING BASIS
3. TARGETS ARE 1643, 1655, 1662, 1670, 1685, 1700, 1717
4. TIME, THIS MONTH HOPEFULLY

FIRST FIVE TARGETS HIT

TATA MOTORS:

1. BUY AT CMP 318
2. KEEP A STOP LOSS AT 290 CLOSING BASIS
3. TARGETS ARE 324, 331, 337, 340
4. TIME 4-6 WEEKS

ALL TARGETS HIT

GMR INFRA:

1. BUY AT CMP 15.4
2. KEEP ASTOP LOSS AT 13.6 CLOSING BASIS
3. TARGETS ARE 15.45, 15.75, 16.1, 16.75, 17.4, 17.75
4. TIME 4 WEEKS

ALL TARGETS HIT

• READERS WILL BE PLEASED TO NOTE THAT LAST WEEKS / EARLIER TRADING CALLS HAVE WORKED WELL WITH TARGETS BEING HIT ON ASIAN PAINTS, HUL, BAJAJ AUTO, HDFC, JP ASSOCIATES, BHEL ETC. FOR DETAILS SEE HERE

• FOR ALL EARLIER TRADES LOOK HERE

• FOLLOW US ON FACEBOOK AND TWITTER BY CLICKING HERE

 

SHORT TERM TRADES; HERO MOTOCORP, SBI, WOCKHARDT, TECH MAHINDRA

HERO MOTOCORP:

1. BUY at cmp 1982
2. Keep a deepish stop loss at 1900 closing basis
3. Targets 1990, 1998, 2008, 2011, 2020, 2027, 2035
4. Time 2-3 weeks.

STOP LOSS TRIGGERED

SBI:

1. BUY at cmp 1571,
2. Keep a stop loss at 1550 closing basis
3. Targets 1580, 1596, 1604, 1620, 1633
4. Time next week, either way.

STOP LOSS TRIGGERED

WOCKHARDT:

1. BUY at cmp 460
2. Keep a stop loss at 400 closing basis
3. Targets 468, 475, 480, 488, 501.
4. Time, a month

FIRST THREE TARGETS HIT ON 19/8/2013
TARGETS 488, 501 HIT BY 6/9/2013

TECH MAHINDRA:

1. BUY at cmp 1324
2. Keep a stop loss at 1260 closing basis
3. Targets 1333, 1346, 1355, 1369, 1378, 1390
4. Time, a month or so.

STOP LOSS TRIGGERED

• PLEASE CHECK OUT THE SUCCESS OF LAST WEEKS TRADING CALLS ON

SKS MICRO, TECH MAHINDRA, CIPLA, AUROBINDO PHARMA WHERE ALMOST ALL TARGETS HAVE BEEN HIT, BY CLICKING HERE

• AND FOR FRESH TARGETS HIT ON HEXAWARE, BY CLICKING HERE

• FOR MORE SHORT TERM TRADING IDEAS DO LOOK HERE

 

STATE BANK OF INDIA: STOCK PRICE ALERT

SBI today touched its 52 wk low at 1855 on the NSE before closing at 1863, down 4.5% approx. 1850 levels are a good long term support for the Stock and it is very likely that this leg of correction in Banks will be the last. So it makes great sense for investors to start buying in  a staggered fashion around CMP and all dips.

STATE BANK OF INDIA (BEST ENTRY PRICE)

We all are agreed to the fact that SBI is a must-have in one's long term Portfolio. However the determination of the best entry price at this stage is important so as to maximize gains and avoid heart burn.

Analysing on the basis of TECHNICALS we find  that on the 5-year Price Charts, all sustained downturns in the recent past have seen a 23-25% retracement form the earlier peaks. eg in the period 3/11/2010 to 13/1/2011 the Price saw a 23% retracement from peak of 3272 to 2560 on a closing basis. Similarly, the period 21/4/2011 to 20/6/2011 saw a 24% retracement from 2860 to 2179 on closing basis. The recent price peak on 20/7/2011 was at 2472. Thus a 23% retracement would imply a price of about 1900 and a 25% retracement would mean a price of about 1855 on a closing basis. The recent closing low in this last mentioned leg was at 1888 on 26/8/2011 from where it rebounded strongly.

On the basis of the above simplistic Technicals I would stick my neck out and say that SBI has more or less bottomed out at 1888 on a closing basis on 26/8/11. Rock solid support is at 1855. In my considered opinion long term investors can make entry in the 1855-1950 range for the long term.

STATE BANK OF INDIA - THE MUST-HAVE SCRIP

Amidst the ongoing turmoil in the Markets we now turn our attention to the Public Sector Banking Space to try and unearth good investment possibilities. The first is STATE BANK OF INDIA (SBI) which is the largest Indian Bank in terms of both Market Cap as well as penetration. At CMP 2039 (52 wk high 3515, 52 wk low 1973) it is currently available at a Price To Book of approx.2 which is of course much cheaper than the leading Private Sector Banks but a fair bit higher than the other PSU Bank biggies such as PNB, BOB and CANARA BANK which are trading at a substantially lower P/B currently. However the sheer size and coverage of SBI perhaps makes the premium justifiable.

As far as Corporate performance goes , the performance in the last two quarters has been lacklustre with additional provisioning due to possibility of increased bad loans making a major dent in the Banks Net Profit numbers which fell 45% yoy. However the  bright spot in the Q1 FY2011-12 numbers was the NII which was better than estimates as well as the NIMs which stood at a healthy 3.5% despite the hard Rate Regime. The main cause for concern remains the deteriorating Asset Quality with Gross NPAs increasing to 3.5 %.

The other factor which is an overhang is the upcoming FPO/Rights issue which has seen the Scrip languishing and underperforming the Market on the upside. Having said all the above, SBI remains a scrip which every long term investor would have to make part of his portfolio keeping in mind its sheer size and outreach in the Indian rural hinterland and the vast possibilities for the future. As they say in cricket, 'Form is temporary but Class is permanent'. Therefore the entry price in the Scrip also assumes significance. At CMP 2039 SBI is trading close to its 52 wk lows but the current upheavel in the Markets could see it heading lower. Currently its 50 DMA is at 2340 and 200 DMA at 2608.

In my opinion the scrip should be accumulated at current levels as also on all dips for healthy upsides in the long term.