April 2014

 MY WEEKLY TAKE .....

Trading levels --- 21^st / 25^th  April 2014

Last week was a short, truncated week with just 3 day trading in between Monday and Friday holidays.  We continued the downtrend started on last Friday for first two days but had a sharp reversal – up-move – on Thursday to close the week with a 3 point gain.

As expected the IT results – Infosys and TCS – were lackluster  BUT THEY WERE IN-LINE WITH EXPECTATION. Hence there was no sell-off.  RELIANCE has declared annual results on Friday evening. They also seem to be in-line with expectation but I expect a minor sell-off on Monday to about 930/935 level putting the NIFTY on the back foot.

Thursdays 100+ points NIFTY move seems to be driven by local operators / HNI crowd as there is no big FII inflow figure associated with it. Thus, there is a danger that we may have reversal of this move in the coming week.

I expect BANKING to come under pressure again  as monsoon forecast is not good and RBI will not be cutting rates in near future.  IT SEEMS THAT THE NAMO GOVERNMENT HAS ITS TASK CUT OUT AND IT IS NOT GOING TO BE EASY TO TURN AROUND THE ECONOMY AS OPTIONS ARE VERY LIMITED.

THIS REALITY IS GOING TO SINK IN COMING FEW WEEKS AND THEN THE EUPHORIA WILL FADE.

I have talked about global set-up last week and we must watch that space very closely.

I have started thinking of deploying part of the cash holding in frontline IT stocks as these will  act as best defense if there is severe mid-may market reversal. All other stocks - including big FMCG / consumption names which were holding sway earlier - will simply collapse denting your portfolio severely.

12800/12300 BANKNIFTY BEAR SPREAD made good money last week and I will request you to repeat same trade again. Pay-off will be even better this time.

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

APRIL 2014 TRADING LEVELS are out on 2^nd April . 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.

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.

Indices  weekly levels

WORLD INDICES

COMMODITIES

 NIFTY SPOT INTRA

 NIFTY SPOT INTRA