July 2013
|
weekly |
|
DATE |
22nd / 26th july 2013 |
|
|
|
commodity |
go |
entry |
Target |
Stoploss |
|
|
gold |
short |
1285 |
1273.5/62/50.5/39 |
1296.5 |
US$ / T ounce |
|
long |
1296.5 |
1308/19.5/31 |
1285 |
||
|
silver |
short |
19.28 |
19.13/18.98/18.83/18.68/18.53/18.38 |
19.43 |
US$ / T ounce |
|
long |
19.43 |
19.58/19.73/19.88/20.03/20.18/20.33 |
19.28 |
||
|
crude |
short |
106 |
104.5/03/01.5/100 |
107.5 |
US$ / barrel |
|
long |
107.5 |
109/10.5/12/13.5/15 |
106 |
||
|
nat gas |
short |
3.74 |
3.7/3.66/3.62/3.58 |
3.78 |
US$ / 10K MMBTU |
|
long |
3.78 |
3.82/3.86/3.9/3.94 |
0.74 |
||
|
copper |
short |
3.12 |
3.085/3.05/3.015 |
3.155 |
US$ / pound |
|
long |
3.155 |
3.19/3.225/3.26 |
3.12 |
||
|
sugar |
short |
467 |
460.5/54/47.5/41 |
473.5 |
US$ / tonne |
|
long |
473.5 |
480/86.5/93 |
467 |
|
weekly |
|
DATE |
22nd / 26th july 2013 |
|
|
world indices |
go |
entry |
Target |
Stoploss |
|
S & P |
short |
1672 |
1659/46/33/20 |
1685 |
|
long |
1685 |
1698/1711/24 |
1672 |
|
|
nasdaq comp |
short |
3576 |
3549/22/495/468 |
3603 |
|
long |
3603 |
3630/57/84/711/738 |
3576 |
|
|
dow jones |
short |
15410 |
15310/210/110/010 |
15510 |
|
long |
15510 |
15610/710/810 |
15410 |
|
|
FTSE |
short |
6601 |
6567/523/479/35 |
6645 |
|
long |
6645 |
6689/733/777 |
6601 |
|
|
nikkei |
short |
14580 |
14460/340/220/100 |
14700 |
|
long |
14700 |
14820/940/15060/180 |
14580 |
|
|
australian ord |
short |
4928 |
4872/16/4760/04 |
4984 |
|
long |
4984 |
5040/96/152/208 |
4928 |
|
|
hangseng |
short |
21275 |
21150/025/20900/775 |
21400 |
|
long |
21400 |
21525/650/775/900 |
21275 |
|
|
shanghai |
short |
1982 |
1961/40/19/1898 |
2003 |
|
long |
2003 |
2024/45/66/87 |
1982 |
MY WEEKLY TAKE ....
Trading levels --- 22nd / 26th July 2013
NIFTY showed just 20 odd points gain for the week but during the week it fluctuated over 160 odd points. Midweek, RBI surprised by some unexpected increase in MSF rates by whopping 2 % to 10.25 %. This was mainly to arrest volatility in RUPEE – DOLLAR exchange rate. But the fall out was a huge jump in bond yields – beyond 8 %. This has left debt market in a tizzy and all bank and NBFC stocks have taken a huge knock.
Saving grace was sudden up-move of over 15 % in HUL due to technical reasons with a 5 % sympathetic move in ITC and some other FMCG stocks. Strength in IT stocks on the back of excellent results by TCS meant that NIFTY saved the blushes and showed a marginal gain over the week.
In the meanwhile, Mr Bernanke’s ambivalent testimony has sparked a fresh rally in US equities. This has a rub-off effect on global equity market setting a strong undertone for equities world over.
Monthly buy trade in NIFTY is still on but seems a weak trade to me as weekly trend is still not firmly in favour of longs. If that gets confirmed on Monday, we may have another 80 / 100 points gain on NIFTY next week. Reliance results out on late Friday are a bit tepid and stock may see a 2 to 3 % cut on Monday, pegging back NIFTY.
Major FDI announcements also happened last week but had no effect on the market or the RUPEE. Government circles must be disappointed with that.
First few results have come out in favour of bulls but it is the laggards who give results late in the season. The sting is in the tail, mostly.
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.
NIFTY SPOT INTRA
|
intraday |
|
DATE |
19th july 2013 |
|
|
stocks / indices |
go |
entry |
Target |
Stoploss |
|
PREFER TO TRADE IN THE DIRECTION OF NIFTY . . . |
||||
|
BANK NIFTY SPOT |
short |
11205 |
11145/090/030/10975 |
11260 |
|
long |
11260 |
11320/375/435 |
11205 |
|
|
RELIANCE |
short |
914 |
909/04/899/94 |
919 |
|
long |
919 |
924/29/34 |
914 |
|
|
ICICI BANK |
short |
977 |
972/66/61/55 |
983 |
|
long |
983 |
988/94/99/1005/10 |
977 |
|
|
SBI |
short |
1827 |
1809/1791/73 |
1845 |
|
long |
1845 |
1863/81/99 |
1827 |
|
|
LT |
short |
978 |
970/62/54 |
986 |
|
long |
986 |
992/1000 |
978 |
|
|
TATA MOTORS |
short |
287.00 |
285.5/83.5/82/80 |
289 |
|
long |
289 |
290.5/92.5/94 |
287 |
|
|
axis bank |
short |
1232 |
1222/11/01 |
1243 |
|
long |
1243 |
1253/64/74 |
1232 |
|
|
uco bank |
short |
72.75 |
71.65/70.55/69.45/68.35 |
73.85 |
|
long |
73.85 |
74.95/76.05/77.15/78.25 |
72.75 |
|
|
cipla |
short |
411 |
409/07/05/03/01 |
413 |
|
long |
413 |
415/17/19/21/23 |
411 |
|
|
TCS |
short |
1685 |
1677/7062/54/46/39 |
1693 |
|
long |
1701 |
1708/16/24/32 |
1693 |
|
|
maruti |
short |
1440 |
1432/24/16/08/1400 |
1448 |
|
long |
1448 |
1456/64/72/80 |
1440 |
|
