December 2013
Sunday, December 15 2013
MY WEEKLY TAKE ....
Trading levels --- 16th / 20th December 2013
Even before the bang of the fireworks in celebration of a new all time SENSEX and NIFTY high had died down, we were already sliding seeking lower levels - with-in 2 hours of breaking the previous all time high levels. The big rally on last Monday has really turned out to be flash in the pan.
The rally was used by HNIs / operators to distribute and lighten their commitments in value-rich large cap index stocks and momentum boys which had run-up in expectation of good state election results.
All in all, we are back to pre-exit poll closing levels and in fact looking more vulnerable than on Wednesday 4th December closing time. We are going to test support of 6135 failing which we will stare at 5095/6030 zone which is very important and crucial support zone.
My strategy suggested last week to sell at the money calls on NIFTY and BANK NIFTY on Monday morning has given very good returns – virtually risk free.
In the coming week, we have RBI policy announcement which will be watched very closely by financial sector. I suggest you buy at the money bank nifty calls and sell further out of money calls to reduce your cost as well as the risk. I will say there is 80 % chance you will make reasonable money after the RBI policy announcement.
Finally trading in stock market is all about playing percentages … ISNT IT ???
I have released SAMVAT 2013/14 trading levels on my website – http://www.sumamura.com/sumamura-messages/.
DECEMBER 2013 LEVELS are out ON 2nd December. You can have a look at the same before entering fresh trades.
Friday, December 13 2013
suggest you buy NTPC 135 call for 4.75 / 4.8 .... sl 2.95 .....
if u wish u can sell 140 call for 2.1/2.2 ..... to make a bull spread ....
Friday, December 13 2013
NIFTY SPOT INTRA