December 2013

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Tuesday, December 10 2013

NIFTY SPOT INTRA

go short / long - 6368 / 6389

stop loss – opposite

long targets – 6410/31/52

short targets – 6347/26/05

Monday, December 9 2013

MY WEEKLY TAKE ...

Trading levels --- 9th / 13th December 2013

Last week I was away. So let us review last 2 weeks together. We have had 3 extra ordinarily strong trading sessions in last 2 weeks and that has resulted in 260 points NIFTY up-move.

Exit polls outcome is market friendly. We also have had a big move on Friday evening in US markets. If Sunday’s actual election results are corroborating exit poll indications, WE WILL SURELY HIT A NEW NIFTY HIGH ON MONDAY MORNING.

Actually everyone is expecting that to happen since DIWALI but that is getting postponed somehow. However the more important point is that WHO BENEFITS FROM THIS ALL TIME HIGH INDEX ? EXCEPT 10/12 INDEX HEAVYWEIGHTS, EVEN MOST OTHER INDEX STOCKS ARE WAY BELOW THEIR ALL TIME HIGHS.

That means average portfolios of retail investors are still making loss of minimum 20 % --- average may be 30 to 35 %.

So …. Only if the markets sustain the NEW HIGH for minimum 2/3 weeks and then the rally spreads to other large-caps and mid-caps, then only the retail investors will start returning to the EQUITY markets. Otherwise, this rally will also turn out to be a flash in the pan and redemptions will mount in equity MFs again.

On Monday when we make a new high and move towards 6400, I will be selling at the money / just out of money calls both in NIFTY and BANKNIFTY as I expect to get good rates to sell and if market revrses, lots of money could be made. If bulls are able to keep up the pressure and push NIFTY towards 6500, I will have marginal losses but that risk is worth taking.

So Mondays trading session is very crucial and I am waiting for same with bated breath.

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.

Monday, December 9 2013 TO Friday, December 13 2013

weekly		DATE	9th / 13th december 2013
commodity	go	entry	Target	Stoploss
gold	short	1228	1214/1200	1242	US$ / T ounce
gold	long	1242	1256/70	1228
silver	short	19.48	19.31/19.14/18.97/18.8/18.63	19.65	US$ / T ounce
silver	long	19.65	19.82/19.99/20.16/20.33/20.5	19.48
crude	short	96.5	95.25/94/92.75/91.5	97.75	US$ / barrel
crude	long	97.75	99/100.25/101.5	96.5
nat gas	short	4.09	4/055/4.02	4.125	US$ / 10K MMBTU
nat gas	long	4.125	4.16/4.195/4.23	4.09
copper	short	3.22	3.19/3.16/3.13/3.1	3.25	US$ / pound
copper	long	3.25	3.28/3.31/3.34	3.22
sugar	short	446	440/34/28/22/16	452	US$ / tonne
sugar	long	452	458/64/70	446

Monday, December 9 2013 TO Friday, December 13 2013

weekly		DATE	9th / 13th december 2013
world indices	go	entry	Target	Stoploss
S & P	short	1807	1796/84/73/61	1819
S & P	long	1819	1830/42	1807
nasdaq comp	short	4075	4040/05/3970/35/3900	4110
nasdaq comp	long	4110	4145/80/215	4075
dow jones	short	16000	15880/760/640/520	16120
dow jones	long	16120	16240/360	16000
FTSE	short	6560	6505/450/395/340	6615
FTSE	long	6615	6670/725	6560
nikkei	short	15360	15210/060/14910/760	15510
nikkei	long	15510	15660/810	15360
australian ord	short	5200	5160/120/080/040/5000	5240
australian ord	long	5240	5280/320	5200
hangseng	short	23730	23500/270/040	23960
hangseng	long	23960	24190/420	23730
shanghai	short	2219	2202/2185/68	2236
shanghai	long	2236	2253/70/87	2219

Monday, December 9 2013

intra levels for today .....

intra		DATE	9th december 2013
stocks / indices	go	entry	Target	Stoploss
PREFER TO TRADE IN THE DIRECTION OF NIFTY . . .
BANK NIFTY SPOT	short	11980	11905/830	12055
BANK NIFTY SPOT	long	12130	12185/260/335/410	12055
RELIANCE	short	878	871/64	885
RELIANCE	long	885	892/99/906	878
ICICI BANK	short	1132	1125/18/11/04	1139
ICICI BANK	long	1139	1146/53/60	1132
SBI	short	1888	1879/70	1897
SBI	long	1897	1906/15/24	1888
LT	short	1128	1118/08	1138
LT	long	1148	1158/68	1138
TATA MOTORS	short	399.00	396/93/90	402
TATA MOTORS	long	405	408/11/14	402
IDFC	short	116	114/12	118
IDFC	long	118	120/22/24	116
yes bank	short	403	396/89/82	410
yes bank	long	410	417/24/31	403
lic hsg finance	short	206	204/202/200	208
lic hsg finance	long	210	212/14/16	208
PFC	short	168	166/64	170
PFC	long	170	172/74/76	168
axis bank	short	1308	1299/90/81	1317
axis bank	long	1317	1326/35	1308

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