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intraday		DATE	3rd september 2013
stocks / indices	go	entry	Target	Stoploss
PREFER TO TRADE IN THE DIRECTION OF NIFTY . . .
BANK NIFTY SPOT	short	9130	9075/020	9185	↑
BANK NIFTY SPOT	long	9185	9240/295/350/405	9185
RELIANCE	short	877	873/69/65/61/57	881	↑
RELIANCE	long	885	889/93/97/901/05	881
ICICI BANK	short	823	818/13/08	828	↑
ICICI BANK	long	828	833/38/43	823
SBI	short	1501	1485/69/53	1517	↑
SBI	long	1517	1533/49/65	1501
LT	short	723	719.5/16/12.5/09	726.5	↑
LT	long	726.5	730/33.5/37/40.5	723
TATA MOTORS	short	299.00	297.5/95.5/94	301	↓
TATA MOTORS	long	301	302.5/04.5/06	299
maruti	short	1288	1275/62/49	1301	↑
maruti	long	1301	1314/27/40	1288
ITC	short	319	317/15/13	321	↑
ITC	long	321	323/25/27/29	319
RCOM	short	129	127/25/23/21	130	↑
RCOM	long	131	133/35/37	130
TCS	short	2042	2025/08/1991/74	415	↑
TCS	long	2059	2076/93/2110	412
INDUSIND BANK	short	377.5	373/68.5/64	379.75	↑
INDUSIND BANK	long	382	386.5/91/95.5/400	379.75

MY WEEKLY TAKE .....

Trading levels --- 2nd / 6th September 2013

We closed the week tad positive … after 5 consecutive down weeks … when we lost nearly a thousand nifty points if we consider midweek low of 5118. Then came a recovery of over 350 points from the lowest level. However this is a small consolation. These bear market rallies are not for going long.

I will recommend pulling out of at least 20 % money from direct equities and large cap equity mutual funds. Midcap mutual funds are so badly beaten down that there is a temptation to remain invested for a few more days or as long as the current rally lasts so that one can scalp 5 % more valuation out of over 50 % loss.

Indian rupee did hit nadir of sorts when it hit closing level of 68.80 …. losing 5.6 rupees in 3 days. The government intervened in a indirect manner when RBI announced that it will provide dollars to oil PSUs directly. This is selling of dollars by RBI in an indirect way as these dollars have to be returned to RBI in a stipulated time.

However the rupee has strengthened in near term to near 65 /65.5 level. Importers and speculators are watching like hawks and moment they smell small weakness, they will pounce and push the rupee again below 66.5 level.

Nothing else has changed at macro level as June quarter GDP growth of 4.4 % is definitely below expectation. We will see some selling pressure on Monday morning. Food security bill has increased pressure on FM who is trying to meet both ends while remaining with-in RED LINE of 4.8 % deficit. POLITICS HAS OVERTAKEN ECONOMICS …. what else ! ! !

FIIs have continued to sell while LIC hand can be seen the way some high value stocks have moved. It is imperative , isn’t it ?

I have released monthly trading levels for SEPTEMBER 2013 on my website – http://www.sumamura.com/sumamura-messages/. You can have a look at the same before entering fresh trades.

weekly		DATE	2nd / 6th september 2013
world indices	go	entry	Target	Stoploss
S & P	short	1638	1625/12/1599	1651	↓
S & P	long	1651	1664/77/90	1638
nasdaq comp	short	3575	3532/489/457/415	3618	↓
nasdaq comp	long	3618	3661/704/747/790	3575
dow jones	short	14750	14625/500/375/250	14875	↓
dow jones	long	14875	15000/125/250/375/500	14750
FTSE	short	6420	6380/340/300	6420	↓
FTSE	long	6460	6500/540/580/620	6460
nikkei	short	13320	13180/040/12900/760	13460	↓
nikkei	long	13460	13600/740/880/14020	13320
australian ord	short	5102	5056/12/4968/24	5148	↑
australian ord	long	5148	5194/240/286	5102
hangseng	short	21800	21530/260/20990/720	22070	↓
hangseng	long	22070	22340/610/880	21800
shanghai	short	2074	1053/32/11/1990	2095	↑
shanghai	long	2095	2116/37/58	2074

commodities	daily close trigger		MONTHLY LEVELS - SEPTEMBER 2013
commodities	go	entry	targets
gold	short	1377	1344/11/1278/45/12	1410	usd/t ounce	↑
gold	long	1410	1443/76/1509/42	1377
silver	short	23.2	22.84/22.48/22.12/21.74/21.4/21.04	23.56	usd/t ounce	↑
silver	long	23.92	24.28/24.64/25/25.36/25.72	23.56
crude	short	106	104/02/100/98/96	108	usd/barrel	↑
crude	long	108	110/12/14/16	106
copper	short	3.2	3.135/3.07/3.005/2.94	3.265	usd/pound	↑
copper	long	3.265	3.33/3.395/3.46	3.2
sugar	short	470	458/46/34/22	482	usd/tonne	↓
sugar	long	482	494/506/18/30	470
N GAS	short	3.52	3.45/3.38/3.31/3.24/3.17	3.59	USD /10K mmbtu	↓
N GAS	long	3.59	3.66/3.73/3.8	3.52

commodities	daily close trigger		MONTHLY LEVELS - SEPTEMBER 2013
commodities	go	entry	targets
gold	short	1377	1344/11/1278/45/12	1410	usd/t ounce	↑
gold	long	1410	1443/76/1509/42	1377
silver	short	23.2	22.84/22.48/22.12/21.74/21.4/21.04	23.56	usd/t ounce	↑
silver	long	23.92	24.28/24.64/25/25.36/25.72	23.56
crude	short	106	104/02/100/98/96	108	usd/barrel	↑
crude	long	108	110/12/14/16	106
copper	short	3.2	3.135/3.07/3.005/2.94	3.265	usd/pound	↑
copper	long	3.265	3.33/3.395/3.46	3.2
sugar	short	470	458/46/34/22	482	usd/tonne	↓
sugar	long	482	494/506/18/30	470
N GAS	short	3.52	3.45/3.38/3.31/3.24/3.17	3.59	USD /10K mmbtu	↓
N GAS	long	3.59	3.66/3.73/3.8	3.52

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