June 2013

Tuesday, June 25 2013

NIFTY SPOT INTRA

go short / long - 5597 / 5615

stop loss – opposite

long targets – 5633/51/69/87

short targets – 5579/61/43

Monday, June 24 2013

ON 20TH JUNE, I HAD SAID TO DUMP ALL JEWELLERY STOCKS ..... I HOPE ATLEAST A FEW LISTENED TO ME ...... THEY HV SAVED THEIR SKIN ..... OTHERS ..... WHO R STILL HOLDING .... have roasted bums .........

Monday, June 24 2013

MY WEEKLY TAKE .....

Trading levels --- 24th / 28th June 2013

We have had three consecutive down weeks and we have lost over 600 nifty points after we hit a high of 6229 – just about 5 weeks ago. The rise was sharp and downslide also steep.

Last week the inevitable happened … RBI kept the REPO and CRR rates unchanged on Monday and on Wednesday night, Mr Bernanke reaffirmed what he said in 22nd May that QE III will be tapered off after September 2013 and will be fully withdrawn by JUNE 2014.

This sent all the global markets and all asset classes in a dive and we may have started a fresh downward spiral. Everyone knew that these QEs can not go on endlessly but everyone was thinking that it is easy to find a GREATER FOOL. Many are left holding a baby which no one wants now.

10 year treasury yields in US have gone beyond 2.51 % on Friday night and it is possible that some more selling will happen on Monday from FIIs on debt side as arbitrage opportunities are shrinking fast.

This has led to a huge drop in Rupee against all the developed market currencies and stocks of companies which are having a large foreign currency debt are simply being bludgeoned out of shape. THE CUTS ARE SO BIG THAT ONE CAN NOT THINK OF EXITING NOW.

BANK NIFTY HAS GONE TO A LOW OF 11200 ODD AND NEXT SUPPORT ZONE IS 11100 TO 11150 …. IF THIS BREAKS WE ARE STARING AT 10700.

NIFTY SHOULD FIND SUPPORT AROUND 5570/5580 LEVELS. BUT IF THAT BREAKS, WE WILL SEE 5390 / 5400 LEVELS FOR SURE.

I have released monthly trading levels for JUNE 2013 on my website – http://www.sumamura.com/sumamura-messages/. You can have a look at the same before entering fresh trades.

Monday, June 24 2013

NIFTY SPOT INTRA

go short / long - 5619 / 5635

stop loss – opposite

long targets – 5651/67/83/99

short targets – 5603/5587/71/55

Monday, June 24 2013

intraday		DATE	24th june 2013
stocks / indices	go	entry	Target	Stoploss
PREFER TO TRADE IN THE DIRECTION OF NIFTY . . .
BANK NIFTY SPOT	short	11340	11265/190/115	11415
BANK NIFTY SPOT	long	11415	11490/565/740	11340
RELIANCE	short	794	788/82/76	800
RELIANCE	long	800	806/12/18/24	794
ICICI BANK	short	1043	1034/26/17/09	1051
ICICI BANK	long	1051	1060/68/77	1043
SBI	short	1987	1974/61/48	2000
SBI	long	2000	2013/26/39/52	1987
LT	short	1392	1386/80/74/68	1398
LT	long	1398	1404/10/16/22/28	1392
TATA MOTORS	short	288.00	284.5/81/77.5/74	291.5
TATA MOTORS	long	291.5	295/98.5	288
bank of baroda	short	551	547/43/39/35/31/27	555
bank of baroda	long	555	559/63/67/71/75	551
PFC	short	145.5	144.25/43/41.75/40.5	146.75
PFC	long	146.75	148/49.25/50.5	145.5
JINDAL STEEL	short	204.5	202/199.5/97 / 94.5/92	207
JINDAL STEEL	long	207	209.5/12/14.5/17	204.5
KTK BANK	short	117.5	115/12.5/10/07.5	118.75
KTK BANK	long	120	122.5/25/27.5/30	118.75
FUT RETAIL	short	98	94.5/91/87.5/84/80.5/77	99.75
FUT RETAIL	long	101.5	105/08.5/12	99.75

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