Market view & trade recommendations 14.03.2021

From the desk of Capt.D.Ganesh Raja

Dear Friends,

Markets are going through a flux phase without any clear indication whether to go long or short and the system continues to indicate it is in “No trade zone”.

It would be noteworthy to mention that Nifty system has not given any signal since it last gave an exit on 29.01.2021. There have been gyrations in the market and excited commentary in print and electronic media about the next higher target.

Due to time limitations I am restricting myself to the most traded stocks but there can be hidden trade opportunities in other categories as well.

Also the system has wide ranging applications in selecting and hedging various asset classes.

Gold: Last close – 44750.0 (MCX PRICE). Gold has formed a doji in weekly chart which generally signifies a change in trend is in the offing but forming a view on a single candle is not a sound idea. So short term traders who exited Gold on 06.08.2020 still have to wait before jumping into the long side trade. Probably the signal might come in near future. As far long-term investors gradual accumulation has to continue. It has been my observation over many years of looking at various markets that very often the long term and short term goals vary greatly and anyone who has not defined what exactly they want to do are in for some nasty surprises.

Note for reading this report:

Note1: The stop losses are on end of day basis

Note2: When trade recommendation is given around a certain price, it means that the trade may be taken the next trading day or if a price zone is given for taking a trade then trade has to be taken on the day price reaches within that zone.

Note3: A separate excel sheet is attached to view the performance of the recommendations, which also reduces the task of individually reporting the performance of each trade recommendation. Viewing the excel sheet “TRADE RECOMMENDATION LOG” will be self-explanatory. Also in this sheet Trade recommendations which are still active are marked.

MARKET & NIFTY OVERVIEW

Nifty Last close – 15030.95.

Conclusion: Nifty is in no trade zone & no recommendations to make.

EXISTING TRADE RECOMMENDATION OVERVIEW

1. BAJAJ AUTO: Last close – 3746.40. Recommended price – 3820.0 to 3905.0 to go short on 07.03.21, with stop loss 3995.0. Presently on an absolute profit of 2.76%. Continue to hold short position.

Target 1 – 3735.82.0 , Target 2 – NA, Leverage – 0.10x

Minimum profit potential – 3.03% , Asset allocation profit potential – 0.30%

Minor trend : Down, Intermediate trend : Up with downward tendency, Long term trend : Up.

2. COAL INDIA: Last close – 150.50. Recommended price – 149.3 to 152.40.0 to go long on 07.03.21, with stop loss 144.10. Presently on an absolute loss of 0.04%. Continue to hold long position.

Target 1 – 163.90 , Target 2 – NA, Leverage – 0.10x

Minimum profit potential – 8.47% , Asset allocation profit potential – 0.84%

Minor trend : Up, Intermediate trend : Up, Long term trend : Up.

3. SBI: Last close – 381.1. Recommended price – 382.90 to 385.0 to go short on 07.03.21, with stop loss 403.50. Presently on an absolute profit of 0.66%. Continue to hold short position.

Target 1 – 340 , Target 2 – NA, Leverage – 0.05x

Minimum profit potential – 11.37% , Asset allocation profit potential – 0.56%

Minor trend : Up, Intermediate trend : Up, Long term trend : Up.

NEW TRADE RECOMMENDATION

1. DLF: Last close – 308.5. Recommended price – 311.0 to 307.0 to go short, with stop loss 324.0.

Target 1 – 293.0 , Target 2 – NA, Leverage – 0.05x

Minimum profit potential – 5.0% , Asset allocation profit potential – 0.25%.

Minor trend : Down, Intermediate trend : Neutral with downward tendency, Long term trend : Up.

2. HCL TECH: Last close – 979.25. Recommended price – 971.0 to 986.0 to go long, with stop loss 949.0.

Target 1 – 1055.95 , Target 2 – NA, Leverage – 0.10x

Minimum profit potential – 7.8% , Asset allocation profit potential – 0.78%

Minor trend : Up, Intermediate trend : Up, Long term trend : Up.

3. MARUTI SUZUKI: Last close – 7096.20. Recommended price – 7120.0 to 7180.0 to go short, with stop loss of 7380.0.

Target 1 – 6845.0, Target 2 – NA, Leverage – 0.10x

Minimum profit potential – 3.90% , Asset allocation profit potential – 0.39%

Minor trend : Down, Intermediate trend : Neutral , Long term trend : Neutral.

TOTAL LEVERAGE OF ABOVE NEW TRADE RECOMMENDATIONS: 0.25

COMBINED PROFIT POTENTIAL FOR ABOVE TRADES: 1.5%

TIME WINDOW OF TRADES: 3 DAYS TO 30 DAYS

TOTAL LEVERAGE INCLUDING UNCLOSED POSITIONS AS PER PREVIOUS RECOMMENDATION: 0.50X

TRADE RECOMMENDATION LOG.pdf

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