June 2013
JUNE 2013 - monthly levels for commodities
| commodities | MONTHLY LEVELS - JUNE 2013 | |||||
| gold | short | 1396 | 1363/30/1297/64 | 1429 | usd/t ounce | |
| long | 1429 | 1462/95 | 1396 | |||
| silver | short | 22.19 | 21.72/21.25/20.78/20.31/19.84/19.37 | 22.66 | usd/t ounce | |
| long | 22.66 | 23.13/23.6/24.03/24.46 | 22.19 | |||
| crude | short | 92.55 | 90.85/89.15/87.45/85.75 | 94.25 | usd/barrel | |
| long | 94.25 | 95.95/97.65/99.35/101.05 | 92.55 | |||
| copper | short | 3.28 | 3.19/3.11/3.02/2.94 | 3.36 | usd/pound | |
| long | 3.36 | 3.45/3.53/3.62 | 3.28 | |||
| sugar | short | 476 | 465/54/43/32/21/10 | 487 | usd/tonne | |
| long | 487 | 498/509/520 | 476 | |||
| N GAS | short | 3.99 | 3.88/3.77/3.66/3.55 | 4.1 | USD /10K mmbtu | |
| long | 4.1 | 4.21/4.32/4.43/4.54 | 3.99 | |||
| monthly levels | WORLD INDICES | Jun-13 | ||
| go | entry | targets | stoploss | |
| s & p | short | 1617 | 1597/77/57/37 | 1637 |
| long | 1637 | 1657/77/97 | 1617 | |
| dow jones | short | 14890 | 14600/310/020/13730 | 15180 |
| long | 15180 | 15470/760/16050 | 14890 | |
| nasdaq composit | short | 3440 | 3392/34/286/38/190/42/3094 | 3488 |
| long | 3488 | 3536/84/632 | 3440 | |
| FTSE | short | 6530 | 6425/320/215/110 | 6635 |
| long | 6635 | 6740/845/950 | 6530 | |
| nikkei | short | 13540 | 13300/060/12820/580 | 13780 |
| long | 13780 | 14020/260/250/740/980 | 13540 | |
| australia ord | short | 4944 | 4876/08/740/672/604 | 5012 |
| long | 5012 | 5080/148/216 | 4944 | |
| shanghai | short | 2236 | 2192/38/2084 | 2290 |
| long | 2290 | 2344/98/452 | 2236 | |
| hang seng | short | 22540 | 22060/21580/21100/21620/140 | 23020 |
| long | 23020 | 23500/980/24460 | 22540 |
monthly levels for JUNE 2013 ....... for indian stocks / indices ....
| POSN TRADING | monthly | DATE | JUNE 2013 | |
| stocks / indices | go | entry | Target | Stoploss |
| NIFTY SPOT | short | 5930 | 5820/710/600/490/380 | 6040 |
| long | 6040 | 6150/260/370 | 5930 | |
| sensex spot | short | 19525 | 19150/18775/400/025 | 19900 |
| long | 19900 | 20275/650/21025 | 19525 | |
| BANK NIFTY | short | 12210 | 11880/550/220 | 12540 |
| long | 12540 | 12870/13200 | 12210 | |
| CNX IT | short | 6425 | 6300/175/050/925/800 | 6550 |
| long | 6550 | 6675/800/925 | 6425 | |
| RELIANCE | short | 789 | 763/37/11 | 815 |
| long | 815 | 841/67/93 | 789 | |
| ICICI | short | 1135 | 1116/1097/78/59/40 | 1154 |
| long | 1154 | 1173/92/1211/30/49 | 1135 | |
| SBI | short | 2042 | 2009/1976/43/10/1877/44 | 2075 |
| long | 2075 | 2108/41/74/2207 | 2042 | |
| axis bank | short | 1420 | 1391/62/33/04/1275 | 1449 |
| long | 1449 | 1478/1507/36 | 1420 | |
| bhel | short | 198 | 194/90/86/82 | 202 |
| long | 202 | 206/10/14/18/22 | 198 | |
| CIPLA | short | 372 | 363/54/45 | 381 |
| long | 381 | 390/99/408 | 372 | |
| BHARTI | short | 306 | 297/88/79/70 | 315 |
| long | 315 | 324/33/42 | 306 | |
| HDFC | short | 874 | 857/40/23/06 | 891 |
| long | 891 | 908/25/42 | 874 | |
| hdfc bank | short | 688 | 675/62/49/36 | 701 |
| long | 701 | 714/27/40 | 688 | |
| RCOM | short | 106 | 103/100/97/94/91/88 | 107.5 |
| long | 109 | 112/15/18/21/24 | 107.5 | |
| HUL | short | 580 | 571/62/53/44/35 | 589 |
| long | 589 | 598/607/16/25 | 580 | |
| M&M | short | 958 | 939/20/01/882/63 | 977 |
| long | 977 | 996/1015/34 | 958 | |
| MARUTI | short | 1564 | 1525/1486/46/08 | 1603 |
| long | 1603 | 1642/81/1720 | 1564 | |
| LT | short | 1385 | 1355/25/1295/65/35/05 | 1415 |
| long | 1415 | 1445/75/1505/35/65 | 1385 | |
| ITC | short | 333 | 325/17/09/01 | 341 |
| long | 341 | 349/57/65 | 333 | |
| REC | short | 218.5 | 214.5/10.5/06.5/02.5/198.5/94.5 | 222.5 |
| long | 222.5 | 226.5/30.5/34.5/38.5/42.5 | 218.5 | |
| TATASTEEL | short | 292 | 287/82/77/72 | 297 |
| long | 297 | 302/07/12/17/22 | 292 | |
| TATA MOTORS | short | 307 | 301/295/89/83/77/71 | 313 |
| long | 313 | 319/25/31/38/45 | 307 | |
| IDFC | short | 142.5 | 138/33.5/29/24.5/20 | 147 |
| long | 147 | 151/5/56/60.5 | 142.5 | |
| INFY | short | 2407 | 2343/2279/15 | 2471 |
| long | 2471 | 2535/99 | 2407 | |
| TCS | short | 1475 | 1435/1395/55/15 | 1515 |
| long | 1515 | 1555/95/1635 | 1475 |
MY WEEKLY TAKE ......
Trading levels --- 3rd / 7th June 2013
The weekly closing just shows 2 point gain on NIFTY. But it hides more than what it displays. We had a tremendously volatile week with a big gain on Monday and an equally sharp drop on Friday.
All high beta sectors and stocks are in the dumps. It seems that about 30/40 frontline stocks are in the bull market of their own while the rest of the stocks are in the BEAR market hitting new 52 week and all time lows time and again.
FIIs are chasing only the leaders and correspondingly a lot of front running is also happening in the same stocks. That way the gains are accentuated.
Thursday was FAO expiry and ITC / HDFC / HDFC bank / INFOSYS --- all heavyweights on nifty - were ramped up in last 30 minutes to get a closing well above 6100. ITC moved 5 % in last 30 minutes and it has 9 % weightage on nifty. Complete move was reversed on Friday in first 2 hours setting the weak undertone.
Last week, I had clearly told that BANK NIFTY will underperform in the coming weeks and that has already happened. We may still have another 300/400 points cut on BANK NIFTY before it finds some strong support.
I had also said that every rally should be sold into till nifty crosses 6229. Just imagine if you were a seller in any frontline stocks on first four days of the week. You would have made humongous gains.
The rallies are getting narrower and narrower and this means a breakdown is imminent unless we have sudden inflow of 2/3 billion dollars in 6/7 trading sessions. THAT KIND OF FLOW WILL NEGATE ALL TECHNICALS ANY WAY.
