July 2013
|
intraday |
|
DATE |
29th july 2013 |
|
|
stocks / indices |
go |
entry |
Target |
Stoploss |
|
PREFER TO TRADE IN THE DIRECTION OF NIFTY . . . |
||||
|
BANK NIFTY SPOT |
short |
10470 |
10410/350/290/230 |
10530 |
|
long |
10590 |
10650/710/770 |
10530 |
|
|
RELIANCE |
short |
890 |
886/82/78/74/70 |
894 |
|
long |
898 |
902/06/10 |
894 |
|
|
ICICI BANK |
short |
932 |
926/20/14/08 |
938 |
|
long |
938 |
944/50/56/62 |
932 |
|
|
SBI |
short |
1760 |
1745/30/15/1700 |
1775 |
|
long |
1775 |
1790/1805/20 |
1760 |
|
|
LT |
short |
845 |
840/35/30/25 |
850 |
|
long |
850 |
855/60/65/70 |
845 |
|
|
TATA MOTORS |
short |
290.50 |
289/87.5/86/84.5/83 |
292 |
|
long |
292 |
293.5/95 |
290.5 |
|
|
HUL |
short |
666 |
659/52/45/38/31/24 |
673 |
|
long |
673 |
680/87/94 |
673 |
|
|
ITC |
short |
368.5 |
366.75/65/63.25/61.5/59.75/58 |
370.25 |
|
long |
370.25 |
372/73.75/75.5 |
368.5 |
|
|
yes bank |
short |
367.5 |
365/62.5/60/57.5/55 |
370 |
|
long |
372.5 |
375/77.5/80/82.5/85 |
370 |
|
|
maruti |
short |
1378 |
1367/56/45/34/23/12 |
1389 |
|
long |
1389 |
1400/11/22 |
1378 |
|
|
IDEA |
short |
163.25 |
162/60.75/59.5/58.25/57 |
164.5 |
|
long |
164.5 |
165.75/67/68.25/69.5 |
163.25 |
|
|
POSN TRADING |
weekly |
DATE |
29th july / 2nd august 2013 |
|
|
stocks / indices |
go |
entry |
Target |
Stoploss |
|
ALWAYS PREFER TRADES IN THE DIRECTION OF NIFTY |
||||
|
cnx nifty |
short |
5874 |
5839/04/5769/34/5699 |
5909 |
|
long |
5909 |
5944/79/6014/49 |
5874 |
|
|
bse sensex |
short |
19740 |
10620/500/380/260/140 |
19860 |
|
long |
19860 |
19980/12100/220/340 |
19740 |
|
|
BANK NIFTY |
Short |
10500 |
10385/270/155/040/9925/810 |
10615 |
|
Long |
10615 |
10730/845/960/11075/190 |
10500 |
|
|
CNX IT |
Short |
7565 |
7485/405/325/245 |
7645 |
|
Long |
7645 |
7725/805/885 |
7565 |
|
|
ambuja cement |
Short |
178 |
173.5/69/64.5/60 |
182.5 |
|
Long |
182.5 |
187/91.5/96 |
178 |
|
|
axis bank |
Short |
1105 |
1094/82/71/59/48/36 |
1117 |
|
Long |
1128 |
1140/51/63/74 |
1117 |
|
|
BHARTI |
Short |
334 |
331/28/25/22/19/16 |
337 |
|
Long |
337 |
340/43/46/49/52 |
334 |
|
|
CIPLA |
Short |
412 |
409/06/03/400 |
415 |
|
Long |
418 |
421/24/27/30 |
415 |
|
|
dr reddys |
Short |
2282 |
2256/30/04/2178/52/26/2100 |
2308 |
|
Long |
2308 |
2334/60/86/2412 |
2282 |
|
|
HDFC |
Short |
807 |
800/793/86/79/72 |
814 |
|
Long |
814 |
821/28/35/42 |
807 |
|
|
hdfc bank |
Short |
641 |
632/23/14/05 |
650 |
|
Long |
650 |
659/68/77/86 |
641 |
|
|
HUL |
Short |
655 |
647/40/32/25/18/10 |
663 |
|
Long |
670 |
678/85/93/700 |
663 |
|
|
INFOSYS |
Short |
2880 |
2860/40/20/2800 |
2900 |
|
long |
2920 |
2940/60/80/3000 |
2900 |
|
|
ICICI BANK |
Short |
935 |
922/09/896/83/70 |
948 |
|
Long |
948 |
961/74/87/1000 |
935 |
|
|
IDEA |
Short |
162.5 |
161/59.5/58/56.5/55 |
164 |
|
long |
164 |
165.5/67/68.5/70/71.5/73 |
162.5 |
|
|
IDFC |
Short |
115 |
113/11/09/07/05 |
117 |
|
Long |
119 |
121/23/25 |
117 |
|
|
ITC |
Short |
363 |
360.5/58/55.5/53/50.5/48 |
365.5 |
|
Long |
368 |
270.5/73/75.5/78 |
365.5 |
|
|
LT |
Short |
848 |
836/24/12/800 |
860 |
|
Long |
860 |
872/84/96 |
848 |
|
|
M&M |
Short |
893 |
881/69/57/45/33/21 |
905 |
|
Long |
905 |
917/29/41 |
893 |
|
|
MARUTI |
Short |
1373 |
1350/28/05/1283/60 |
1395 |
|
Long |
1395 |
1418/40/62 |
1373 |
|
|
ONGC |
Short |
300 |
296/92/88/84/80 |
304 |
|
long |
304 |
308/12/16/20 |
300 |
|
|
PNB |
Short |
590 |
584/78/72/66/60 |
596 |
|
Long |
602 |
608/14/20/26/32/38/44/50 |
596 |
|
|
RCOM |
Short |
135 |
133.5/32/30.5/29/27.5/26/24.5/23 |
136.5 |
|
Long |
138 |
139.5/41/42.5/44/45.5/47 |
136.5 |
|
|
RELIANCE |
Short |
886 |
874/62/50 |
898 |
|
long |
898 |
910/22/34 |
886 |
|
|
SBI |
Short |
1775 |
1750/25/1700/1675/50 |
1800 |
|
Long |
1800 |
1825/50/75/1900 |
1775 |
|
|
TATAMOTORS |
Short |
288 |
285.5/83/80.5/78/75.5/73/70.5 |
290.5 |
|
Long |
293 |
295.5/98/300.5/03/05.5/08 |
290.5 |
|
|
TATASTEEL |
Short |
217 |
213/09/05/01 |
221 |
|
Long |
225 |
229/33/37/41/45 |
221 |
|
|
TCS |
Short |
1760 |
1745/30/15/1700 |
1775 |
|
Long |
1775 |
1790/1805/20 |
1760 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
CNX AUTO |
short |
4507 |
x |
4561 |
|
long |
4561 |
x |
4507 |
|
|
CNX ENERGY |
short |
8020 |
x |
8075 |
|
long |
8075 |
x |
8020 |
|
|
CNX FMCG |
short |
18700 |
x |
18875 |
|
long |
18875 |
x |
18700 |
|
|
CNX INFRA |
short |
2228 |
x |
2260 |
|
long |
2260 |
x |
2228 |
|
|
CNX METAL |
short |
1771 |
x |
1789 |
|
long |
1789 |
x |
1771 |
|
|
CNX MIDCAP |
short |
7125 |
x |
7190 |
|
long |
7190 |
x |
7125 |
|
|
CNX PHARMA |
short |
7130 |
x |
7210 |
|
long |
7210 |
x |
7130 |
|
|
CNX PSU BANKS |
short |
2448 |
x |
2469 |
|
long |
2469 |
x |
2468 |
|
|
CNX REALTY |
short |
182.5 |
x |
184.5 |
|
long |
184.5 |
x |
182.5 |
|
MY WEEKLY TAKE .....
Trading levels --- 29th July / 2nd August 2013
NIFTY showed 143 points loss for the week. Mid-week, RBI announced some more liquidity tightening measures sending 10 year bond yields little over 8.5 %. This has queered the pitch for debt funds completely and most of short and medium term debt funds as well as income funds are showing huge losses over 2 week period.
None of these investors had bargained for such treatment as debt was considered a moderately safe heaven compared to volatile equity. I must say that most of the retail debt investors have shown tremendous maturity as there are very few redemptions from them while the corporate investors have resorted to large scale redemptions and put the proceeds into overnight call money market where the rates shot-up beyond 10 %.
By Friday the yields moderated to 8.2 % after some soothsaying words from Mr Raghuraman. Now all eyes are on 30th RBI policy and let us hope there is no increase in REPO rate or CRR.
CRISIL has submitted a report on Friday which says that with this sudden increase in short term rates, as many as 3,500 to 4,000 corporates will find it difficult to service their debt burden. This has spoiled the sentiment for banking stocks in completely. Just imagine if 500 corporate loans become NPA over next 9 to 12 months, how much bank profits will evaporate for provisioning. As a consequence BANK-NIFTY has nosedived below 10,500 level dragging NIFTY down. IT index was not able to do the balancing act.
Chinks are also appearing in heavyweight FMCG index with ITC and HUL both not giving large positive surprises to justify astronomical P/E ratios. Both corrected a bit and a small drop in FII inflow will mean a further steep drop in both index heavyweights.
All in all, in spite of very conducive global backdrop, Indian equities are not poised for any significant up-move. At most, we may hold a range of 5,800 to 6,000 in the coming week. But a SHORT trade looks to be more profitable than a LONG trade.
I have released monthly trading levels for JULY 2013 on my website – http://www.sumamura.com/sumamura-messages/ . You can have a look at the same before entering fresh trades.
plan to buy ITC 360 put around 8 / 8.50 ...... sl 6.5 ......
FOR PEOPLE WHO CAN PAY MARGIN .......
