Welcome to SUMAMURA

August 2013

Monday, August 5 2013 TO Friday, August 9 2013

 

weekly

 

DATE

5th / 9th  august 2013

 

 

commodity

go

entry

Target

Stoploss

 

gold

short

1296

1281/66/51/36

1311

US$ / T ounce

long

1311

1326/41/56

1296

 

silver

short

19.8

19.63/19.46/19.29/19.12/18.95/18.78

19.97

US$ / T ounce

long

19.97

20.14/20.31/20.48/20.65/20.82

19.8

 

crude

short

107

105.75/04.5/03.25/02

108.25

US$ / barrel

long

108.25

109.5/10.75/12

107

 

nat gas

short

3.35

3.305/3.26/3.215/3.17/3.125/3.08

3.395

US$ / 10K MMBTU

long

3.395

3.44/3.485/3.53

3.35

 

copper

short

3.16

3.13/3.1/3.07/3.04

3.19

US$ / pound

long

3.19

3.22/3.25/3.28/3.31

3.16

 

sugar

short

484

478/72/66/60

490

US$ / tonne

long

490

496/502/08/14/20

484

 

Monday, August 5 2013

 NIFTY SPOT INTRA

 
go short / long  - 5683 / 5718
 
stop loss –  5700 for both
 
long targets –  5735/53/70/88
 
short   targets –  5665/48/30

Monday, August 5 2013

 

intraday

 

DATE

5th august 2013

 

stocks / indices

go

entry

Target

Stoploss

PREFER TO TRADE IN THE DIRECTION OF NIFTY . . .

BANK NIFTY SPOT

short

10080

10020/9960/900

10140

long

10140

10200/260/320/380

10080

RELIANCE

short

856.5

852/47.5/43/38.5/34

861

long

861

865.5/70/74.5/79

856.5

ICICI BANK

short

900

895/90/85/80

905

long

905

910/15/20/25

900

BOB

short

490

485/80/75/70

495

long

495

500/05/10/15/20

490

IDEA

short

159.75

158.5/57.25/56/54.75/53.5

161

long

161

162.25/63.5/64.75/66

159.75

TATA MOTORS

short

 289.00

286.5/84/81.5/79

291.5

long

291.5

294/96.5/99

289

powergrid

short

91

89/87/85/83

92

long

93

95/97/99/101

92

axis bank

short

1103

1096/90/83/77

1109

long

1109

1116/22/29/35/42

1103

PNB

short

522

516/10/04/498/92

528

long

528

534/40/46/52/58

522

ITC

short

332.5

330/27.5/25/22.5/20

335

long

337.5

340/42.5/45/47.5/50

335

HUL

short

614.5

609/03.5/598/92.5/87

620

long

620

625.5/31/36.5

614.5


Monday, August 5 2013 TO Friday, August 9 2013

 

POSN TRADING

weekly

DATE

5th / 9th  august 2013

 

stocks / indices

go

entry

Target

Stoploss

ALWAYS PREFER TRADES IN THE DIRECTION OF NIFTY

cnx nifty

short

5698

5661/24/587/550/513

5735

long

5735

5772/809/846/883/920

5698

bse sensex

short

19180

19040/18900/760/620/480

19320

long

19320

19460/600/740/880

19180

 BANK NIFTY

Short

9950

9825/700/575/450

10075

Long

10075

10200/325/450/575/700

9950

CNX IT

Short

7790

7710/630/550/470/390/310

7870

Long

7870

7950/8030/110/190

7790

axis bank

Short

1112

1099/86/73/60/47/34/21

1125

Long

1125

1138/51/64

1112

BHARTI

Short

342

336.5/31/25.5/20/14.5/09

347.5

Long

347.5

253/58.5/64

342

CIPLA

Short

397

394/91/88/85/82/79/76

400

Long

403

406/09/12/15/18/21/24

400

dr reddys

Short

2226

2210/2194/78/62/46/30/14/2098

2242

Long

2258

2274/90/2306/22/38

2242

HDFC

Short

807

801/795/89/83/77/71

813

Long

813

819/25/31/37/43/49

807

hdfc bank

Short

633

628/23/18/13/08/03

638

Long

638

643/48/53/58

633

HUL

Short

614.5

605/595.5/86/76.5/67

624

Long

624

633.5/43/52.5/62

614.5

INFOSYS

Short

2990

2958/16/884/52/20

3022

long

3022

3054/86/118

2990

ICICI BANK

Short

887

874/61/48/35

900

Long

900

913/26/39/52

887

IDEA

Short

159.75

158/56.25/54.5/52.75/51/49.25/47.5

161.5

long

161.5

163.25/65/66.75/68.5/70.25/72

159.75

IDFC

Short

104

102.75/01.5/100.25/99

105.25

Long

105.25

106.5/07.75/09/10.15/11.5

104

ITC

Short

334

329.5/25/20.5/16

338.5

Long

338.5

343/47.5/52

334

LT

Short

832

821/10/799/88

843

Long

843

854/65/76/87

832

M&M

Short

852

841/30/19/08/797

863

Long

863

874/85/96

852

MARUTI

Short

1341

1329/17/05/1293/81/69

1353

Long

1353

1365/77/89/1401

1341

ONGC

Short

279

276/73/70/67/64

282

long

282

285/88/91/94/97/300

279

PNB

Short

533

525.5/18/10.5/03/495.5/88

540.5

Long

540.5

548/55.5/63/70.5/78

533

RCOM

Short

123

120.75/18.5/16.25/14/11.75/09.5

125.25

Long

125.25

127.5/29.75/32/34.25/36.5

123

RELIANCE

Short

855

846/37/28/19/10

864

long

864

873/82/91/900

885564

SBI

Short

1680

1661/42/23/04

1699

Long

1699

1718/37/56/75/94

1680

TATAMOTORS

Short

289

286/83/80/77/74/71/68

292

Long

292

295/98/301/04

289

TATASTEEL

Short

202.5

200/197.5/95/92.5/90

205

Long

205

207.5/10/12.5/15/17.5/20/22.5/25

202.5

TCS

Short

1838

1825/12/1799/86/73/60/47

1851

Long

1851

1864/77/90/1903

1838

ultratech

Short

1780

1755/30/05/1680

1805

Long

1805

1830/55/80/1905/30

1780

 

 

 

 

 

 

 

 

 

CNX AUTO

short

4405

x

4435

long

4435

x

4405

CNX ENERGY

short

7540

x

7600

long

7600

x

7540

CNX FMCG

short

17250

x

17425

long

17425

x

17250

CNX INFRA

short

2101

x

2122

long

2122

x

2101

CNX METAL

short

1648

x

1662

long

1662

x

1648

CNX MIDCAP

short

6730

x

6780

long

6780

x

6730

CNX PHARMA

short

7080

x

7150

long

7150

x

7080

CNX PSU BANKS

short

2230

x

2255

long

2255

x

2230

CNX REALTY

short

152.5

x

155

long

155

x

152.5


Sunday, August 4 2013

 MY WEEKLY TAKE .....

 
 
Trading levels  --- 5th / 9th  August   2013
 
NIFTY showed nearly 210 points loss for the week. This means in last two weeks,  NIFTY has lost over 6 %.
 
RBI announced policy on expected lines with no change in REPO or CRR. In fact the commentary was rather dovish. In spite of that NIFTY lost over 80 points that day. This was indicating inherent weakness in the market and it showed up in a big way on following 3 days.
 
 RBI tightening has no desired effect on movement of Rupee and the slide continues. This means we can not rule out further tightening by RBI in coming two weeks as government is not likely to take any  BOLD fiscal measures to support the rupee.  
 
There is mayhem in bank stocks with most going back to early 2010 levels when  NIFTY was around 4800 level.  Private sector banks are also crashing since default in retail loan book may start next quarter as  retail inflation continues unabated and fear of job losses is imminent on the horizon.
 
I talked about the crash of the titans - HUL and ITC  - last week and that turned out to be prophetic. FMCG index crashed over 8 % last week. 
 
Now only sector that is standing tall amongst the ruins is IT. Rupee is helping the sector to justify the valuations. There is sector rotation also from FMCG to IT.
 
Global cues are still very supportive. But for that fact, we would have been 300 NIFTY points lower by now – closer to 5400. But we are staring at that level  and may hit in another 2 weeks time if Rupee slide is not halted immediately.
 
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. 
 
My monthly trading levels are out and paid members have them. At 3,000 rupees a year, they provide tremendous value for money proposition.