November 2013

 TATA MOTORS AND TATA STEEL ...

 NIFTY SPOT INTRA

 Trading levels  --- 11^th / 15^th  November 2013

The first week of new SAMVAT 2070 was not very good for the bulls. The market corrected for all the 4 days of the truncated week.

The proverbial gasoline for the market – FII FLOWS – have become 1/4^th of what they were in the previous week and those are not enough to absorb the selling from DIIs and HNIs. This has resulted in the market drifting lower in an orderly fashion.

SHOULD WE CALL THIS DRIFTING CONSOLIDATION OR DISTRIBUTION …. THAT IS A MILLION DOLLAR QUESTION AND NO ONE KNOWS THE ANSWER. ONLY TIME WILL TELL DEPENDING ON THE COURSE OF THE MARKET IN COMING 8/10 TRADING SESSIONS.

 I  feel that 6060 / 6090 is a strong support zone and some bounce can be expected  from these levels. This bounce can be 100/120 odd points and the market strength at that critical level of 6200 will decide whether we will make another attempt to hit a new NIFTY high or go down to 5900.

 BANK NIFTY – particularly SBI results will hold the key. Adverse  results will weaken bank nifty significantly aborting the up-move while better than expected results will provide much needed fuel for further propagation.

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 1^ST 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.

Keep logged on to yahoo messenger for guidance related to investment levels on specific stocks. I will be putting some of those recommendations on my website also under messages tab as well.

I am available on yahoo messenger on most of the trading days and you can add me on your yahoo messenger. My yahoo id is madhavranade1

Keep watching my website www.sumamura.com closely for further inputs. You need to register and login to see modules section where all the levels for different timeframes are  shown.

You can view individual modules for as little as 3,000 rupees per year. A package for all  8  modules for  just 30,000 rupees  for the full year.

Please call me on 9371002943 for more details.

Please remember CAPITAL is always scarce and needs to be respected.