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NIFTY SPOT INTRA

go short / long - 6116 / 6136

stop loss – opposite

long targets – 6156/76/96

short targets – 6096/76/56

		DATE	18th november 2013
stocks / indices	go	entry	Target	Stoploss
PREFER TO TRADE IN THE DIRECTION OF NIFTY . . .
BANK NIFTY SPOT	short	10920	10870/820/770/720	10970
BANK NIFTY SPOT	long	10970	11020/070/120	10920
RELIANCE	short	860	856/52/48	864
RELIANCE	long	864	868/72/76	860
ICICI BANK	short	1058	1053/47/42	1064
ICICI BANK	long	1064	1069/75/80	1058
SBI	short	1742	1728/14/1700	1756
SBI	long	1756	1770/84	1742
LT	short	948	941/34/27	955
LT	long	955	962/69/76	948
TATA MOTORS	short	388.00	385/82/79/76	391
TATA MOTORS	long	391	394/97/400	388
GMR	short	22.3	22.15/22	22.45
GMR	long	22.45	22.6/22.75/22.9/23.05/23.2	22.3
dabur	short	161.5	160.5/59.5	162.5
dabur	long	162.5	163.5/64.5/65.5	161.5
TCS	short	2030	2019/08	2041
TCS	long	2041	2052/63/74	2030
havells	short	749	744/39	754
havells	long	754	759/64/69	749
lic housing	short	221	219/17	223
lic housing	long	223	225/27/29	221

MY WEEKLY TAKE ....

Trading levels --- 18th / 22nd November 2013

We continued to slide for 3 more days of the truncated last week losing nearly 5 % from the top hit on muhurat day trading. Then entered RBI GOVERNOR to talk up the sagging markets. Earlier this was tried several times by the FM ( may be because the then RBI GOVERNOR would not have obliged ).

Same evening the fed chairman in waiting Ms JANET YELLEN sounded a dovish note indicating that the QE III taper may not start early 2014 as expected by many.

Both these events had a salubrious effect on the market and we had a fairly smart recovery on the last trading day. However the market came off substantially from the high point of the day indicated that everything was not hunky dory with the market internals and we may have to have one more good session before we enter bullish zone in the short term.

Everything will depend on FII flows next week. If they resume to pump about 150 / 200 million dollars a day …. We may be pushing 6300/ 6350 by end of the week. More than a billion dollars in a week may be just enough to trigger a new all time high with-in this week.

6220 / 6240 can be a substantial resistance zone to any new up-trend starting on Monday. If that is cleared without much ado, I will bet on new NIFTY high in next 3 trading sessions.

SBI results were just about average and bank nifty will have to shoulder the burden by moving past 11500/11700 if NIFTY has to get to a new high.

There are no further triggers after the few key results next week and we will have to then wait for 5 state election results on December 8.

I have released SAMVAT 2013/14 trading levels on my website – http://www.sumamura.com/sumamura-messages/.

November 2013 LEVELS are out ON 1ST NOVEMBER. 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.

NIFTY SPOT INTRA

go short / long - 6023 / 6046

stop loss – opposite

long targets – 6069/92/115

short targets – 6000/5977/54

		DATE	14th november 2013
stocks / indices	go	entry	Target	Stoploss
PREFER TO TRADE IN THE DIRECTION OF NIFTY . . .
BANK NIFTY SPOT	short	10590	10510/430	10670
BANK NIFTY SPOT	long	10670	10750/830/910	10590
RELIANCE	short	850	846/42	854
RELIANCE	long	858	862/66	854
ICICI BANK	short	1015	1005/995/85	1025
ICICI BANK	long	1025	1035/45/55	1015
SBI	short	1704	1695/86/77	1713
SBI	long	1713	1722/31/40	1704
LT	short	929	922/15/08/01	936
LT	long	936	943/50/57	929
TATA MOTORS	short	369.00	366.75/64.5	371.25
TATA MOTORS	long	373.5	375.75/78	371.25
IDFC	short	102	100.75/99.5	103.25
IDFC	long	103.25	104.5/05.75/07	102
TCS	short	2058	2048/38	2068
TCS	long	2078	2088/98/2108/18	2068
ITC	short	315.5	313/10.5	318
ITC	long	318	320.5/23/25.5	315.5
century textiles	short	282.5	280/77.5/75	285
century textiles	long	285	287.5/90/92.5/95	282.5
bombay dyeing	short	68.2	67.6/67	68.5
bombay dyeing	long	68.5	69.1/69.7/70.3/70.9/71.5	68.2

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