February 2013
| INTRA | DATE | 25th FEBRUARY 2013 | ||
| stocks / indices | go | entry | Target | Stoploss |
| PREFER TO TRADE IN THE DIRECTION OF NIFTY . . . | ||||
| BANK NIFTY SPOT | short | 12070 | 12010/11950/890/830 | 12130 |
| long | 12130 | 12190/250/310/370 | 12070 | |
| RELIANCE | short | 862 | 858/54/50/46/42 | 866 |
| long | 866 | 870/74/78/82 | 862 | |
| ICICI BANK | short | 1088 | 1082/77/71 | 1093 |
| long | 1093 | 1099/1104/10/15/21 | 1088 | |
| SBI | short | 2189 | 2173/57/41 | 2205 |
| long | 2205 | 2221/37/53 | 2189 | |
| LT | short | 1438 | 1431/24/17/10/03 | 1445 |
| long | 1445 | 1452/59/66/73/80 | 1438 | |
| TATA MOTORS | short | 293.50 | 292/90.5/89/87.5/86 | 295 |
| long | 295 | 296.5/98/99.5/301 | 293.5 | |
| ITC | short | 292 | 290.5/89/87.5/86 | 293.5 |
| long | 293.5 | 295/96.5/98 | 292 | |
| raymond | short | 337 | 335.5/34/32.5/31/29.5/28 | 338.5 |
| long | 338.5 | 340/41.5/43/44.5 | 337 | |
| AXIS BANK | short | 1408 | 1400/1392/84 | 1416 |
| long | 1416 | 1424/32/40 | 1408 | |
| STAR | short | 1035 | 1021/07/993/79 | 1042 |
| long | 1049 | 1063/77/91/1105 | 1042 | |
| ambuja cements | short | 197 | 196/95/94 | 198 |
| long | 198 | 199/200/201/02/03 | 197 | |
my weekly take .....
Trading levels --- 25th February / 1st March 2013
We have had 4 down weeks on the trot and it is not surprising.
I track about 10 world indices and all of them are giving topping out indications. Some of them have already started correction. S&P is probably the strongest index now but even that is facing severe resistance at higher levels. The weekly trading levels are given below and you can have a look.
However all that can mean nothing since we are facing – ones in a year event - THE UNION BUDGET on 28th February. We will chart our own course depending on what our FM says on 28th morning.
UPA II has brought the economy in such a precarious situation that the FM’s choice is very limited. He can only show his arithmetical skills in “showing” the budget deficit at 5.3 % of GDP. All government expenses – planned as well as unplanned – AND THIS INCLUDES DEFENCE AS WELL - have been severely curtailed over last 3 / 4 months so that FM can reach the magic figure of 5.3 %.
This arithmetic jugglery will continue for the FY 2013/14 as well. We may have some very aggressive tax measures to shore-up the revenue side – watch out ITC - and we are lucky if FM is not tempted to increase service tax further. If that happens – excise duties on most items also have to go up and you can then imagine the plight of the STOCK MARKET.
I will pick out ITC / PFC and AMBUJA CEMENTS for some big movement next week. It may be prudent to trade through options in view of budget on the day of expiry. WATCH THESE STOCKS.
My monthly trading levels are out and paid members have them. At 3,000 rupees a year, they provide tremendous value for money proposition.
BUY NMDC 140 call around 6.5 ......
buy feb 5800 put and 5900 call ..... cost around 70 rupees ..... on budget day market wl make about 100 points move .... so we wl make 30/40 rupees minimum .....
cheerssssssss ......
buy feb 5800 put and 5900 call ..... cost around 70 rupees ..... on budget day market wl make about 100 points move .... so we wl make 30/40 rupees minimum .....
cheerssssssss ......
