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August 2013

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Monday, August 26 2013

 NIFTY SPOT INTRA

 
go short / long  - 5487 / 5516
 
stop loss –  5501 for both
 
long targets –  5530/45/59
 
short   targets –  5472/58/43/29/14
Monday, August 26 2013

 

intraday

 

DATE

26th  august 2013

 

stocks / indices

go

entry

Target

Stoploss

PREFER TO TRADE IN THE DIRECTION OF NIFTY . . .

BANK NIFTY SPOT

short

9440

9390/340/290/240

9490

long

9490

9540/590/640/690

9440

RELIANCE

short

816

812/08/04/800

820

long

824

828/32/36/40

820

ICICI BANK

short

847

843/39/35/31

851

long

855

859/63/67/71

851

SBI

short

1550

1540/30/20/10

1560

long

1560

1570/80/90/1600

1550

LT

short

738

733/28/23

743

long

743

748/53/58/63

738

TATA MOTORS

short

 300.00

298/96/94/92/90

302

long

302

304/06/08/10

300

ultratech

short

1582

1572/62/52/42

1592

long

1592

1602/12/22/32

1582

tech mahindra

short

1359

1350/41/32/23/14/05

1368

long

1368

1377/86/95

1359

bata

short

839

834.5/30/25.5/21

843.5

long

843.5

848/52.5/57/61.5/66

839

TCS

short

1822

1814/06/1798/90

1830

long

1830

1838/46/54

1822

tata steel

short

280

278/76/74/72/70

282

long

282

284/86/88/90/92/94

280
Monday, August 26 2013 TO Friday, August 30 2013

 

weekly

 

DATE

26th / 30th  august 2013

 

  

commodity

go

entry

Target

Stoploss

  

gold

short

1384

1368/52/36/20

1400

US$ / T ounce

long

1400

1416/32/48

1384

  

silver

short

23.48

23.26/23.04/22.82/22.6/22.38/22.16

23.7

US$ / T ounce

long

23.92

24.14/24.36/24.58/24.8

23.7

  

crude

short

107

106/05/04/03/02/01

108

US$ / barrel

long

108

109/10/11/12

107

  

nat gas

short

3.45

3.415/3.38/3.345/3.31

3.485

US$ / 10K MMBTU

long

3.485

3.52/3.555/3.59

3.45

  

copper

short

3.3

3.26/3.22/3.18/3.14/3.1

3.34

US$ / pound

long

3.34

3.38/3.42/3.46/3.5

3.3

  

sugar

short

480

473/66/59/52

487

US$ / tonne

long

487

494/501/08

480

  
Monday, August 26 2013 TO Friday, August 30 2013

 

POSN TRADING

weekly

DATE

26th / 30th  august 2013

 

stocks / indices

go

entry

Target

Stoploss

ALWAYS PREFER TRADES IN THE DIRECTION OF NIFTY

cnx nifty

short

5450

5412/375/337/300/263/225

5487.5

long

5525

5572/5600/5637/75

5487.5

bse sensex

short

18475

18350/225/100/17975/850

18600

long

18725

18850/975/19100

18600

 BANK NIFTY

Short

9475

9350/225/100/8975/850/725/600

9600

Long

9600

9725/850/975/10100/225/350

9475

CNX IT

Short

7870

7780/690/600/510/420/330

7960

Long

7960

8050/140/230

7870

axis bank

Short

977

966/56/45/34/23/13

988

Long

988

999/1010/20/31/42

977

BHARTI

Short

308.5

304/299.5/95/90.5/86

313

Long

313

317.5/22/26.5/31

308.5

CIPLA

Short

399

393/87/81/75

405

Long

405

411/17/23/29

399

dr reddys

Short

2135

2109/2083/57/31/05

2161

Long

2161

2187/2213/39/65/91

2135

HDFC

Short

741

731/22/12/03

750

Long

750

760/69/79/88/98

741

hdfc bank

Short

603

594/85/76/67

612

Long

612

621/30/39/48

603

HUL

Short

599

594/88/83/77/72/66

605

Long

610

616/21/27/32

605

INFOSYS

Short

3000

2970/940/910/880/850

3030

long

3030

3060/90/120/150

3000

ICICI BANK

Short

847

840/34/27/21/14/08/01/795

853

Long

860

866/73/79/86

853

IDEA

Short

157

155.5/54/52.5/51

158.5

long

160

161.5/63/64.5/66

158.5

ITC

Short

309

305.5/02/298.5/95/91.5/88

312.5

Long

316

319.5/23/26.5/30

312.5

LIC HSG FIN

Short

167

164/61/58/55/52/49

168.5

Long

170

173/76/79/82/85

168.5

LT

Short

739

732/25/18/11/04/697

746

Long

746

753/60/67/74/81

739

M&M

Short

817

806/794/83/71/60

829

Long

829

840/52/63

817

MARUTI

Short

1283

1266/50/33/17/1200/1184/67/51

1299

Long

1316

1332/49

1299

ONGC

Short

275.5

272/68.5/65/61.5/58

279

long

279

282.5/86/89.5

275.5

PNB

Short

483

479/75/70/66/62/58/53

487

Long

492

496/500/504/08/13/17

487

RCOM

Short

116

113/10/07/04/01/98

117.5

Long

119

122/25/28/31/34

117.5

RELIANCE

Short

825

816/07/798/89/80

834

long

834

843/52/61/70

825

SBI

Short

1555

1536/17/1498/79/60

1574

Long

1574

1593/1612/31/50

1555

TATAMOTORS

Short

299

195.5/91.5/88/84

303

Long

303

306.5/10.5/14/17.5/21.5

299

TATASTEEL

Short

276

271/66/61/56/51

281

Long

281

286/91/96/301

276

TCS

Short

1834

1818/03/1787/72/56/41

1849

Long

1849

1865/80/96/1911

1834

ultratech

Short

1583

1571/59/47/35/23/11/1499

1595

Long

1595

1607/19/31/43

1583

 

 

 

 

 

 

 

 

 

CNX AUTO

short

4340

x

4380

long

4380

x

4340

CNX ENERGY

short

7330

x

7415

long

7415

x

7330

CNX FMCG

short

16110

x

16220

long

16330

x

16220

CNX INFRA

short

1977

x

1993

long

1993

x

1977

CNX METAL

short

1919

x

1947

long

1947

x

1919

CNX MIDCAP

short

6600

x

6690

long

6690

x

6600

CNX PHARMA

short

6710

x

6760

long

6760

x

6710

CNX PSU BANKS

short

2062

x

2086

long

2086

x

2062

CNX REALTY

short

153.75

x

155

long

155

x

153.75
Sunday, August 25 2013

 MY WEEKLY TAKE ...

 
 
Trading levels  --- 26th / 30th  August   2013
 
Last weekend I was away so I am writing this column after two weeks. And this has been a tumultuous fortnight.  We did see Rupee crossing 65 to a dollar and then closing at 63.20 – a sharp pull back in last two days and equally sharp up-move in NIFTY of 217 points from the lows of 5254 hit mid last week.
 
Our economy is in shambles – thanks to unbridled consumerism unleashed by UPA II government which is now blaming everything on GOLD and CRUDE imports. What an alibi to its own folly  ! ! ! 
 
Our economist FM / The Dy Chairman of planning commission and FM should have seen it coming even with the closed eyes since the CAD we were running for last 8 quarters was simply astounding …. And we just watched without taking any action to prevent this crisis which was brewing .
 
It is now definitely a probable event that our sovereign rating may be downgraded in coming 6 months …. an event which  will sent shudders through corporate INDIA.  As a consequence, our stock markets will go for a toss with NIFTY levels of 4500 becoming a reality and THE GREAT INDIAN ROPE TRICK  – the great Indian dream - will finally bite the dust.
 
More than 25 % Indian corporates – the listed and unlisted – have no earnings to service the interest cost on the huge debt piled by them when going was good and there was sea of liquidity around. Now the tide has turned  and money is hard to come. 
 
Given the above fact, one can imagine the plight of Indian banking sector 6 to 9 months down the line. The NPAs will go back to pre 2003/04 levels and valuations will crash as a consequence. Many PSU banks will be available at low single digits and private banks at  mid triple digits …. What a come down from lofty levels seen just 3 / 4 months ago.
 
Last 5/6 trading sessions, FIIs have been nett sellers in cash market every day – even when the market has closed in green. If these are shapes of things to come, no announcement from FM can save this market as a miniscule amount like 3 / 4 billion dollars ( out of 200 billion invested in last 10 years ) withdrawal  from  cash segment will send nifty down by 500 NIFTY points easily.
 
 
I have released monthly trading levels for AUGUST  2013 on my website – http://www.sumamura.com/sumamura-messages/. You can have a look at the same before entering fresh trades. 
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