TRADE RECOMMENDATION 07.03.2021

From the desk of Capt.D.Ganesh Raja

Dear Friends,

In my previous week’s report I had given a detailed study to gauge the overall market scenario, which I hope was informative. I had mentioned that there is a possibility of Nifty falling from these levels but there was no confirmation in the system. For now, it is in “No trade zone”. Prediction in this scenario is a dangerous business but having said that I will give out recommendations in individual stocks based on my system.

Gold: Last close – 44883.0 (MCX PRICE). Gold is still undergoing a correction in the daily timeframe and there is no confirmation in the system if it has completed its correction. Short term traders can stay away from gold for now and long-term investors can continue with gradual accumulation.

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 – 14938.

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

EXISTING TRADE RECOMMENDATION OVERVIEW

1. USD – INR: Last close – 73.31. Recommended price to go short (On 04.07.20) – 74.84 Book profit and exit trade.

Absolute profit – 2.04%. Asset allocation profit – 1.02% . Leverage – 0.5x.

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

1.02% profit over a 7 month period is not a great trade but that is where it stands.

NEW TRADE RECOMMENDATION

1. BAJAJ AUTO: Last close – 3852.85. Recommended price – 3820.0 to 3905.0 to go short, with stop loss 3995.0.

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 – 151.10. Recommended price – 149.3 to 152.40.0 to go long, with stop loss 144.10.

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 – 383.65. Recommended price – 382.90 to 385.0 to go short, with stop loss 403.50.

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.

This is not an easy trade and could be risky because it has to be monitored in shorter timeframe, however some of the proprietary indicators are indicating to short and volatility filters are indicating a lower leverage.

TOTAL LEVERAGE OF ABOVE NEW TRADE RECOMMENDATIONS: 0.25

COMBINED PROFIT POTENTIAL FOR ABOVE TRADES: 1.7%

TIME WINDOW OF TRADES: 3 DAYS TO 30 DAYS

TOTAL LEVERAGE INCLUDING UNCLOSED POSITIONS AS PER PREVIOUS RECOMMENDATION: 0.25X