January 2013
monthly levels for world indices .....
| monthly levels | WORLD INDICES | Jan-13 | ||
| go | entry | targets | stoploss | |
| s & p | short | 1444 | 1429/14/1399/84/69/54 | 1459 |
| long | 1474 | 1489/1504/19/34 | 1459 | |
| dow jones | short | 13050 | 12800/550/300/050/11800/550 | 13300 |
| long | 13300 | 13550/800/14050/300 | 13050 | |
| nasdaq composit | short | 3080 | 3035/2990/45/900855/810 | 3125 |
| long | 3125 | 3170/215/260/305/350 | 3080 | |
| FTSE | short | 5960 | 5880/800/720/640 | 6040 |
| long | 6040 | 6120/200/280/360/440/520/600 | 5960 | |
| nikkei | short | 10520 | 10340/160/9980/9800 | 10700 |
| long | 10700 | 10880/11060/240/420/600 | 10520 | |
| australia ord | short | 4643 | 4582/21/160 | 4674 |
| long | 4704 | 4765/826/887 | 4674 | |
| shanghai | short | 2258 | 2236/14/2192/70/48/26/04 | 2280 |
| long | 2302 | 2324/46/68/90/2412/34/56/78/2500 | 2280 | |
| hang seng | short | 22840 | 22630/420/210/22000 | 23050 |
| long | 23260 | 23470/680/890/24100 | 23050 |
monthly levels for nifty / banknifty / sensex ....... others to follow .....
| POSN TRADING | monthly | DATE | JANUARY 2013 | |
| stocks / indices | go | entry | Target | Stoploss |
| NIFTY SPOT | short | 5937 | 5868/799/730/661/592 | 6006 |
| long | 6006 | 6076/145/214/83 | 5937 | |
| sensex spot | short | 19570 | 19400/230/060/18890/720 | 19740 |
| long | 19740 | 19910/20080/250/420 | 19570 | |
| BANK NIFTY | short | 12530 | 12405/280/155/030/11905/780 | 12655 |
| long | 12780 | 12905/13030/155/280 | 12655 |
My Weekly Take .....
Trading levels 31st December / 4th January 2012
I had expected that last week will be a down week but market showed tremendous resilience in the face of weakness in US markets due to anxiety over FISCAL CLIFF issue. This was possible as FIIs are just pumping money day after day … week after week.
We closed November at nifty level of 5879 and yesterday we closed at 5908 …. JUST 20 POINTS GAIN …. In spite of inflow of over 3 billion dollars from FIIs.
What does it mean ? ? ?
It means that undertone is WEAK but that is camouflaged by incessant FII inflows. If we have a small amount of risk aversion developing in US / developed markets, the picture can change dramatically. And that may be a great entry point. So keep booking profit at regular intervals and build a war chest which can be deployed in case of a sharp down trend.
I still maintain that 5838 / 5840 seems to be a fairly strong support failing which we may have another 100 point slide on the NIFTY.
IT IS ALWAYS PRUDENT TO MAKE AN ENTRY ON A CONFIRMED BREAK-OUT. RISK REWARD IS MUCH FAVOURABLE THAT WAY.
FISCAL CLIFF issue in US is a major trigger and we should wait patiently for the outcome before placing major bets on the market.
My monthly trading levels will be out on Tuesday morning and it may be prudent to wait for those levels.
2013 DOLLAR TRADING LEVELS FOR COMMODITIES .......
| commodities | calendar year 2013 | |||||
| gold | short | 1667 | 1622/1577/32/1487/42/1397/52/07 | 1712 | usd/tounce | |
| long | 1712 | 1757/1802/47/92/1937/82 | 1667 | |||
| silver | short | 29.8 | 27.7/25.6/23.5/21.4/19.3 | 30.85 | usd/tounce | |
| long | 31.9 | 34/36.1/38.2/40.3 | 30.85 | |||
| crude | short | 91.8 | 88.2/84.6/81/77.473.8/70.2 | 93.5 | usd/barrel | |
| long | 95.4 | 99/102.6/06.4/10 | 93.5 | |||
| copper | short | 3.62 | 3.5/3.37/3.24/3.11 | 3.75 | usd/pound | |
| long | 3.75 | 3.88/4.01/4.14/4.27/4.4 | 3.62 | |||
| sugar | short | 529 | 503/477/51/25/399 | 542 | usd/tonne | |
| long | 555 | 581/607/33/59/85 | 542 | |||
| N GAS | short | 3.24 | 3.01/2.78/2.55/2.32 | 3.36 | USD /10K mmbtu | |
| long | 3.47 | 3.7/3.93/4.16/4.39 | 3.36 | |||
2013 LEVELS FOR LARGE INDIAN STOCKS / INDICES AND WORLD INDICES .....
| POSN TRADING | annual | DATE | calendar year 2013 | |
| stocks / indices | go | entry | Target | Stoploss |
| NIFTY SPOT | short | 5975 | 5850/725/600/475/350/225/100/4975/850 | 6100 |
| long | 6225 | 6350/475/600/725/850/975/7100 | 6100 | |
| BSE SENSEX | short | 19400 | 18600/17800/17000/16200/15400/14600 | 19800 |
| long | 20200 | 21000/800/22600/23400/24200/25000 | 19800 | |
| BANK NIFTY | short | 12300 | 11500/10700/9900/9100/8300/7500 | 12700 |
| long | 13100 | 13500/900/14300/700/15100/500/900 | 12700 | |
| ACC | short | 1430 | 1385/40/1295/50/05/1160/15/1070/25 | 1475 |
| long | 1520 | 1565/1610/55/1700/45/90 | 1475 | |
| RELIANCE | short | 848 | 824/800/776/52/28/04/680/56/32/08 | 872 |
| long | 896 | 920/44/68/92/1016/40 | 872 | |
| ICICI | short | 1165 | 1135/05/1075/45/15/985/55/25/895/65 | 1195 |
| long | 1225 | 1255/85/1315/45/75/1405/35/65/95 | 1195 | |
| SBI | short | 2410 | 2300/2190/2080/1970/1860/1750/1640/1530 | 2465 |
| long | 2520 | 2575/2630/85/2740/95/2850/2905/60 | 2465 | |
| ONGC | short | 270 | 260/50/40/30/20/10/200 | 280 |
| long | 290 | 300/10/20/30/40/50 | 280 | |
| BHARTI | short | 320 | 304/288/72/56/40/24/08/ | 328 |
| long | 336 | 352/68/84/400/16/32/48 | 328 | |
| M&M | short | 945 | 910/875/40/05/770/35/700 | 980 |
| long | 1015 | 1050/85/1120/55/90//1225/60/95 | 980 | |
| HUL | short | 501 | 484/67/50/33/16/399/82/65/48/31/14 | 518 |
| long | 535 | 552/69/86603/20/37/54/71/88 | 518 | |
| LT | short | 1622 | 1578/34/1490/46/02/1358/14/1270/26/1182 | 1666 |
| long | 1710 | 1754/98/1742/86/1830/74/1918/62/2006 | 1666 | |
| HDFC | short | 847 | 800/753/706/659/612/565/18 | 870.5 |
| long | 894 | 941/88/1035/82/1129 | 870.5 | |
| hdfc bank | short | 689 | 663/37/11/585/59/33/07 | 715 |
| long | 715 | 741/67/93/819/45 | 689 | |
| ITC | short | 298 | 284/70/56/42/28/14/200 | 312 |
| long | 312 | 326/40/54/68 | 298 | |
| TATASTEEL | short | 436 | 420/04/388/72/56/40/24/08 | 452 |
| long | 468 | 484/500/16/32/48/64/80/96 | 452 | |
| TATA MOTORS | short | 304 | 289/74/59/44/29/14/199/84/69/54 | 319 |
| long | 334 | 349/64/79/94 | 319 | |
| IDFC | short | 178 | 164/50/36/22/08/94 | 185 |
| long | 192 | 206/20/34/48/62 | 185 | |
| JSPL | short | 456 | 440/24/08/392/76/60/44/28/12/296/80 | 472 |
| long | 488 | 504/20/36/52/68/84/600 | 472 | |
| INFY | short | 2380 | 2280/180/080/1980/880/780/680 | 2480 |
| long | 2580 | 2680/780/880/980/3080/180/280 | 2480 | |
| TCS | short | 1260 | 1205/1150/1095/40/985/30/875/20/765/10 | 1315 |
| long | 1370 | 1425/90/1545/1600/55/1710/65 | 1315 | |
| monthly levels | calender year 2013 | |||
| go | entry | targets | stoploss | |
| dow jones | short | 13300 | 12925/550/175/11800/425/050/10625/250 | 13675 |
| long | 13675 | 14050/425/800/15175/550/925/16300 | 13300 | |
| nasdaq composit | short | 3025 | 2915/805/695/585/475/365/155 | 3135 |
| long | 3135 | 3245/355/465/575/685 | 3025 | |
| s & p | short | 1417 | 1377/37/1297/57/17/1177/37/1097/57 | 1457 |
| long | 1457 | 1497/1537/77/1617/57 | 1417 | |
| FTSE | short | 5915 | 5805/695/585/465/355/245/135/025 | 6025 |
| long | 6025 | 6135/245/355/465/575/685 | 5915 | |
| nikkei | short | 10250 | 9600/8950/300/ | 10900 |
| long | 10900 | 11550/12200/850/13500 | 10250 | |
| australia ord | short | 4655 | 4525/395/265/135/4005/3875/745 | 4785 |
| long | 4785 | 4915/5045/175/305/435 | 4655 | |
| shanghai | short | 2260 | 2170/080/1990/900/810/720/630 | 2350 |
| long | 2350 | 2440/530/620/710/2800 | 2260 | |
| hang seng | short | 22200 | 21000/19800/18600/17400/16200/15000 | 23400 |
| long | 23400 | 24600/25800/27000 | 22200 |
