June 2013

Monday, June 10 2013

NIFTY SPOT INTRA

go short / long - 5908 / 5924

stoploss – opposite

long targets – 5940/56/72

short targets – 5892/76/60

Monday, June 10 2013 TO Friday, June 14 2013

weekly		DATE	10th / 14th june 2013
commodity	go	entry	Target	Stoploss
gold	short	1380	1364/48/32/16/1300	1396	US$ / T ounce
gold	long	1396	1412/28/44/60	1380
silver	short	21.6	21.16/20.72/20.28/19.84	22.04	US$ / T ounce
silver	long	22.04	22.48/22.92/23.36/23.8	21.6
crude	short	96.35	95.7/95.05/94.4/93.75	97	US$ / barrel
crude	long	97	97.65/98.3/98.95/99.6	96.35
nat gas	short	3.8	3.74/3.68/3.62/3.56/3.5	3.86	US$ / 10K MMBTU
nat gas	long	3.86	3.92/3.98/4.04/4.1	3.8
copper	short	3.27	3.22/3.18/3.13/3.09	3.31	US$ / pound
copper	long	3.31	3.36/3.4/3.45/3.49	3.27
sugar	short	478.5	473/57.5/52	485	US$ / tonne
sugar	long	485	491.5/98/504.5/11	478.5

Monday, June 10 2013

intraday		DATE	10th june 2013
stocks / indices	go	entry	Target	Stoploss
PREFER TO TRADE IN THE DIRECTION OF NIFTY . . .
BANK NIFTY SPOT	short	12325	12275/225/175/125	12375
BANK NIFTY SPOT	long	12375	12425/475/525	12325
RELIANCE	short	782.5	776/69.5/63	789
RELIANCE	long	789	795.5/802/08.5/15	782.5
ICICI BANK	short	1144	1139/34/29/24	1149
ICICI BANK	long	1149	1154/59/64/69	1144
SBI	short	2046	2046/25/15/04	2057
SBI	long	2057	2067/78/89	2046
LT	short	1418	1413/08/03/1398	1423
LT	long	1423	1428/33/38/43	1418
TATA MOTORS	short	302.50	300.5/298.5/96.5/94.5	304.5
TATA MOTORS	long	304.5	306.5/08.5/10.5	302.5
CENTRAL BANK	short	65.6	64.9/64.2	66.3
CENTRAL BANK	long	66.3	67/67.7/68.4/69.1/69.8	65.6
IGL	short	282.5	281.5/80.5	283.5
IGL	long	283.5	284.5/85.5/86.5/87.5/88.5	282.5
PFC	short	180	178.25/76.5	181.75
PFC	long	181.75	183.5/85.25/87	180
BHARTI	short	288.5	286.5/84.5/82.5	290.5
BHARTI	long	290.5	292.5/94.5/96.5	288.5
TCS	short	1524	1518/12/06/1500	1530
TCS	long	1530	1536/42/48/54	1524

Monday, June 10 2013

MY WEEKLY TAKE .....

Trading levels --- 10th / 14th June 2013

Last week was not good for Indian stocks. NIFTY closed over 100 points lower on weekly basis and all rallies were sold into. It looks like short term and medium term trend is down although long term trend is still up.

Next week there is a chance that short term trend may move up as we have very strong closing in USA and some rub-off effect is expected on Monday morning. Sustenance of that up-move is the key. If up-move sustains, we may reach levels of 6000-6025 where I expect some profit booking.

Rupee has crossed 57 to a dollar and government is making some desperate moves to curb gold imports which r just running away particularly in the first two months of this financial year. This means we will again have a very large CAD figure for June end quarter as well. Gold import duty is now raised to 8 % and this is good news for NBFCs which are in the business of lending against GOLD.

Diesel prices were raised mid-week and in-spite of this the OMCs as well as primary crude producing companies like ONGC / OIL etc have not moved up. It seems that the expected gas price hike is now shelved indefinitely and Reliance could be under significant pressure for this reason.

Bank Nifty is no more helping the NIFTY as it has corrected nearly 7 % from its peak. However 12200 looks to be a strong support and we may have a 300 / 400 points bounce from that level. If 12200 level is broken decisively… we may have 11500 coming in next 2 weeks wiping out most gains made from 10th April.

Overall, the situation is not grim but also not very conducive for a big up-move. We may be in a range of around 100/150 NIFTY points for next week.

I have released monthly trading levels for JUNE 2013 on my website – www.sumamura.com under messages tab and you can have a look at the same before entering fresh trades.

Monday, June 10 2013 TO Friday, June 14 2013

weekly		DATE	10th / 14th june 2013
world indices	go	entry	Target	Stoploss
S & P	short	1635	1622/10/1597/84/72	1648
S & P	long	1648	1661/73/86/99	1635
nasdaq comp	short	3475	3445/15/385/355	3505
nasdaq comp	long	3505	3535/65/95/625	3475
dow jones	short	15250	15120/14990/860/730/600	15380
dow jones	long	15380	15510/640/770	15250
FTSE	short	6400	6350/300/250/200/150/100	6450
FTSE	long	6450	6500/550/600/650/700	6400
nikkei	short	12960	12770/580/390/200	13150
nikkei	long	13150	513340/530/720/910/14100	12960
australian ord	short	4720	4655/590/525	4785
australian ord	long	4785	4850/915/980	4720
hangseng	short	21650	21400/150/20900/650/400	21900
hangseng	long	21900	22150/400/650/900	21650
shanghai	short	2210	2190/70/50/30/10	2230
shanghai	long	2230	2250/70/90/2310	2210

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