Welcome to SUMAMURA

NIFTY SPOT INTRA

INTRA		DATE	18th february 2014
stocks / indices	go	entry	Target	Stoploss
PREFER TO TRADE IN THE DIRECTION OF NIFTY . . .
BANK NIFTY SPOT	short	10285	10205/125	10365
BANK NIFTY SPOT	long	10365	10445/525	10285
RELIANCE	short	812	808/04/800	816
RELIANCE	long	816	820/24/28/32	812
SBI	short	1478	1470/63/55/48	1485
SBI	long	1485	1493/1500/08	1478
icici bank	short	1005	994/83	1010.5
icici bank	long	1016	1027/38	1010.5
LT	short	994	984/74	999
LT	long	1004	1014/24	999
TATA MOTORS	short	383.00	379.5/76	386.5
TATA MOTORS	long	386.5	390/93.5/97	383
NMDC	short	137.5	136.5/35.5/34.5	138.5
NMDC	long	138.5	139.5/40.5/41.5	137.5
HUL	short	558	556/54/52/50	560
HUL	long	562	564/66/68/70	560
kotak	short	644.5	638/31.5/25	651
kotak	long	651	657.5/64/70.5	644.5
maruti	short	1658	1645/32/19	1671
maruti	long	1671	1684/97	1658
idfc	short	97.25	96.75/96.25/95.75	97.75
idfc	long	97.75	98.25/98.75/99.25	97.25

INTRA		DATE	18th february 2014
stocks / indices	go	entry	Target	Stoploss
PREFER TO TRADE IN THE DIRECTION OF NIFTY . . .
BANK NIFTY SPOT	short	10285	10205/125	10365
BANK NIFTY SPOT	long	10365	10445/525	10285
RELIANCE	short	812	808/04/800	816
RELIANCE	long	816	820/24/28/32	812
SBI	short	1478	1470/63/55/48	1485
SBI	long	1485	1493/1500/08	1478
icici bank	short	1005	994/83	1010.5
icici bank	long	1016	1027/38	1010.5
LT	short	994	984/74	999
LT	long	1004	1014/24	999
TATA MOTORS	short	383.00	379.5/76	386.5
TATA MOTORS	long	386.5	390/93.5/97	383
NMDC	short	137.5	136.5/35.5/34.5	138.5
NMDC	long	138.5	139.5/40.5/41.5	137.5
HUL	short	558	556/54/52/50	560
HUL	long	562	564/66/68/70	560
kotak	short	644.5	638/31.5/25	651
kotak	long	651	657.5/64/70.5	644.5
maruti	short	1658	1645/32/19	1671
maruti	long	1671	1684/97	1658
idfc	short	97.25	96.75/96.25/95.75	97.75
idfc	long	97.75	98.25/98.75/99.25	97.25

Trading levels --- 17^th / 21^st February 2014

Last week saw flat trading with NIFTY closing just 15 points down. On Thursday, we had a sharp down move which got partially corrected on Friday.

I had expected a strong opening on Monday but opening was tepid and for the whole week overall strong US market performance was neglected by our market since we continued to get small FII sell figs for first 3 days. FIIs became buyers on last two days and if that trend continues, we may have a test of 6130/6150 levels next week.

Inflation dropped significantly and IIP figures were more or less in line. GDP forecast was also encouraging. MARKET IS SLOWLY VEERING TOWARDS CONSENSUS THAT RATE INCREASE CYCLE BY RBI IS OVER AND WE MAY HAVE A SURPRISE RATE CUT IN APRIL POLICY MEET.

SBI results were a bit disappointing but the stock is already so much beaten down that no significant downside is envisaged. One may buy the stock around 1475 level from a medium term perspective.

6082 / 6109 gap will be definitely filled next week. What remains to be seen is the quantum of FII flows which are badly required to get over 6130/6150 resistance.

I will recommend to buy 6000 put on Monday morning when NIFTY spot moves to 6120/6130 level and hold it till nifty crosses 6160/6170. There is 1 : 3 risk reward waiting …. While you may lose 15/20 points if nifty goes up , you have a chance to make 50/60 points if nifty corrects to 6030/6050 level.

As I always say, we have to play percentages to make money. Bold bravado may not help. WHAT DO YOU SAY ? ? ?

FEBRUARY 2014 TRADING LEVELS are out ON 1^st FEBRUARY. You can have a look at the same before entering fresh trades. I have also released CY 2014 trading levels on my website – http://www.sumamura.com/sumamura-messages/.

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

weekly		DATE	17th / 21st feb 2014
commodity	go	entry	Target	Stoploss
gold	short	1308	1292/76/60	1324	US$ / T ounce
gold	long	1324	1340/56/72	1308
silver	short	21.32	21.16/21/20.84/2068/20.52	21.48	US$ / T ounce
silver	long	21.48	21.64/21.8/21.96	21.32
crude	short	99.7	96.5/95.3/94.1	100.9	US$ / barrel
crude	long	100.9	102.1/3.3/4.5/5.7	99.7
nat gas	short	5.17	5.1/5.03/4.96/4.89	5.24	US$ / 10K MMBTU
nat gas	long	5.24	5.31/5.38/5.45	5.17
copper	short	3.25	3.22/3.19/3.16/3.13	3.28	US$ / pound
copper	long	3.28	3.31/3.34/3.37/3.4	3.25
sugar	short	434	428/22/16/10	440	US$ / tonne
sugar	long	440	446/52/58/64	434

Back To January 2014

Next To March 2014