Welcome to SUMAMURA

intra day		DATE	29th april 2014
stocks / indices	go	entry	Target	Stoploss
PREFER TO TRADE IN THE DIRECTION OF NIFTY . . .
bank nifty	short	12980	12890/800/710	13070
bank nifty	long	13070	13160/250/340	12980
RELIANCE	short	944	937/30/23	951
RELIANCE	long	951	958/65	944
SBI	short	2098	2082/66/50	2114
SBI	long	2114	2130/46/62	2098
ICICI BANK	short	1273	1265/57/49	1281
ICICI BANK	long	1281	1289/97	1273
LT	short	1326	1315/04/1293	1337
LT	long	1337	1348/59/70	1326
TATA MOTORS	short	416	413.5/11/08.5/06	418.5
TATA MOTORS	long	418.5	421/23.5/26	416
escorts	short	127.1	126.2/25.3	128
escorts	long	128	128.9/29.8/30.7/31.6	127.1
wockhardt	short	719	712/05/698/91	726
wockhardt	long	733	740/47/54/61/68	726
ASIAN PAINTS	short	501	497.5/94/90.5/87	504.5
ASIAN PAINTS	long	504.5	508/11.5/15	501
NBCC	short	202.5	200/197.5/95/92.5/90	205
NBCC	long	205	207.5/10/12.5/15	202.5
neyveli	short	74.5	74/73.5/73	75
neyveli	long	75	75.5/76/76.5/77/77.5/78	74.5

NIFTY SPOT INTRA

POSN TRADING	weekly	DATE	28th april / 2nd may 2014
stocks / indices	go	entry	Target	Stoploss
ALWAYS PREFER TRADES IN THE DIRECTION OF NIFTY
cnx nifty	short	6724	6646/568/490/412	6802
cnx nifty	long	6802	6880/958	6724
bse sensex	short	22410	22150/21890/630/370	22670
bse sensex	long	22670	22930/23190	22410
BANK NIFTY	Short	13020	12930/840/750/660/570/480	13110
BANK NIFTY	Long	13110	13200/290/380	13020
CNX IT	short	9230	9160/090/020	9300
CNX IT	long	9300	9370/440/510	9230
ACC	Short	1306	1293/80/67/54	1319
ACC	Long	1319	1332/45/58	1306
aurobindo	Short	573	567/61/55/49/43/37/31	579
aurobindo	Long	579	585/91/97/603	573
axis bank	Short	1525	1510/1495/80/65/50/35/20	1540
axis bank	Long	1540	1555/70/85/1600	1525
BOB	Short	812	805/798/91/84/77/70	819
BOB	Long	819	826/33/40	812
BHARTI	Short	335	329.5/24/18.5/13/07.5/02
BHARTI	Long	340.5	346/51.5/57	338
CIPLA	Short	382	376/70/64/58	385
CIPLA	Long	388	394/400/06	385
divis lab	Short	1367	1353/39/25/11/1297/83/69	1381
divis lab	long	1381	1395/1409/23/37	1367
dr reddys	Short	2636	2614/2592/70/48/26/04	2658
dr reddys	Long	2658	2680/2702/24/46	2636
glenmark pharma	Short	570	563/56/49/42	577
glenmark pharma	Long	577	584/91/98/605	570
HCL TECH	Short	1447	1436/25/14/03	1458
HCL TECH	long	1458	1469/80/91/1502	1447
HDFC	Short	893	886/79/72/65/58/51	900
HDFC	Long	900	907/14/21/28	893
hdfc bank	Short	727	721/15/09/03/697/91	733
hdfc bank	Long	733	739/45/51/57	727
HUL	Short	578	571/64/57/50	585
HUL	Long	585	592/99/606/13/20	578
ICICI BANK	Short	1270	1253/36/19/02	1278
ICICI BANK	Long	1287	1304/21/38	1278
IDFC	Short	114.5	113.25/12/10.75/09.5	115.75
IDFC	Long	115.75	117/18.25/19.5	114.5
INFOSYS	Short	3180	3150/20/3090/60/30/3000	3210
INFOSYS	long	3210	3240/70/3300	3210
ITC	Short	344	341/38/35/32/29	347
ITC	Long	347	350/53/56/59/62	344
LT	Short	1356	1343/30/17/04/1291/78/65	1369
LT	Long	1369	1382/95	1356
M&M	Short	1061	1049/37/25/13/01	1073
M&M	Long	1073	1085/97/1109	1061
MARUTI	Short	1898	1868/38/08	1928
MARUTI	Long	1928	1958/78/2008/38	1898
ONGC	Short	322	318.5/15/11.5/08/04.5/01	325.5
ONGC	long	325.5	329/32.5/36	322
PNB	Short	789	779/69/59/49	799
PNB	Long	799	809/19/29	789
RELIANCE	Short	949	939/29/19/09/899	959
RELIANCE	long	959	869/79/89	949
sun pharma	Short	611	601/591/81/71	616
sun pharma	Long	621	631/41/51	616
SBI	Short	2090	2066/42/18/1994/70	2114
SBI	Long	2114	2138/62/86	2090
TATAMOTORS	Short	420.5	415/09.5/04/398.5	426
TATAMOTORS	Long	426	431.5/37/42.5	420.5
TATASTEEL	Short	428.5	423/17.5/12/06.5/01	433
TATASTEEL	Long	433	438.5/44/49.5/55	428.5
TCS	Short	2218	2189/60/31/02	2232
TCS	Long	2247	2276/305/34	2232
tech mahindra	Short	1800	1779/58/37/16/1695/76	1821
tech mahindra	Long	1821	1842/63/84	1800
VOLTAS	Short	167	164.75/62.5/60.25/58/55.75/53.5	169.25
VOLTAS	Long	169.25	171.5/73.75/76	167


CNX AUTO	short	5910	x	5950
CNX AUTO	long	5950	x	5910
CNX ENERGY	short	8410	x	8480
CNX ENERGY	long	8480	x	8410
CNX FMCG	short	17750	x	17870
CNX FMCG	long	17870	x	17750
CNX INFRA	short	2707	x	2727
CNX INFRA	long	2727	x	2707
CNX METAL	short	2595	x	2640
CNX METAL	long	2640	x	2595
CNX MIDCAP	short	8850	x	8945
CNX MIDCAP	long	8945	x	8850
CNX PHARMA	short	7960	x	8040
CNX PHARMA	long	8040	x	7960
CNX PSU BANKS	short	2935	x	2975
CNX PSU BANKS	long	2975	x	2935
CNX REALTY	short	191	x	193.5
CNX REALTY	long	193.5	x	191

intra day		DATE	28th april 2014
stocks / indices	go	entry	Target	Stoploss
PREFER TO TRADE IN THE DIRECTION OF NIFTY . . .
bank nifty	short	13020	12930/840/750/660	13110
bank nifty	long	13110	13200/290	13020
RELIANCE	short	946	940.5/35/29.5/24	951.5
RELIANCE	long	951.5	957/62.5	946
SBI	short	2080	2071/62/53/44	2089
SBI	long	2089	2098/107/16	2080
ICICI BANK	short	1266	1257/48/39/30	1275
ICICI BANK	long	1275	1284/93	1266
LT	short	1351	1343/35/27/19	1359
LT	long	1359	1367/75	1351
TATA MOTORS	short	424	422/20/18/16/14	426
TATA MOTORS	long	426	428/30/32/34/36	424
tata elxsi	short	552.5	550/47.5/45/42.5/40	555
tata elxsi	long	555	557.5/60/62.5/65	552.5
indusind	short	488	485/82/79/76/73/70	491
indusind	long	491	494/97/500	488
ceat	short	386	382/78/74/70	390
ceat	long	390	394/98/402	396
apollo tyres	short	168	166.5/65/63.5/62	169.5
apollo tyres	long	169.5	171/72.5/74	168
TWL	short	216	212.5/09/05.5/02	219.5
TWL	long	219.5	223/26.5/30	216

MY WEEKLY TAKE

Trading levels --- 28^th April / 2^nd May 2014

The 4 day truncated week ended with an engulfing bear candle on daily charts which left an inverted hammer on a weekly chart. These signs do not indicate an up-move next week. In fact, monsoon data is also a dampener which is likely to restrict new government’s hands as fear of partial draught is looming large which will call for diversification of some funds from industrial to agricultural activity.

As such, on Friday , FMCG stocks have come under hammer and this pressure is likely to continue next week as well. Banks also could not buck the trend in second half on Friday which resulted into 1 % cut on NIFTY by the end of the day.

All high beta stocks were only discounting good news for last 3 weeks but now it seems that the reality is coming to the fore and some caution is being exercised while taking fresh positions.

I had expected Reliance to slide towards 930/940 last week as the results were just in line. I feel the share is more than fairly valued since I prefer to treat the stock as refinery stock which should get discounting of 8 to 10 times maximum. More than 75 % of turnover and profit comes from refining activity. However due to sentimental reasons, the analysts prefer to treat it as PETCHEM stock with exploration as an icing. SOONER THE PUBLIC AND THE ANALYSTS GET WISER, BETTER FOR OUR MARKETS.

As I had stated last week, we did not see any follow-up move this week after massive 100 point up-move last Friday.

I had expected BANKING to come under pressure again and it did towards the end of the week. May be markets disregarded caution earlier due to FAO expiry considerations. REALITY IS SINKING IN BUT AFTER SOME LAG, UNFORTUNATELY.

WE MUST STILL CONTINUE TO WATCH GLOBAL SET-UP VERY CAREFULLY FOR ITS WIDER RAMIFICATIONS.

I have started 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 WAS A COMPLETE WASHOUT BUT COST WAS ANYWAY MARGINAL. For first 2 weeks of this long FAO cycle, we should sell out of money calls like 7000/7100 and out of money puts like 6400/6300 and play on volatility premium.

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

TER POSN TRADING	weekly	DATE	28th april / 2nd may 2014
stocks / indices	go	entry	Target	Stoploss
bse sensex	short	22410	22150/21890/630/370	22670
bse sensex	long	22670	22930/23190	22410
CNX IT	short	9230	9160/090/020	9300
CNX IT	long	9300	9370/440/510	9230
CNX AUTO	short	5910	x	5950
CNX AUTO	long	5950	x	5910
CNX ENERGY	short	8410	x	8480
CNX ENERGY	long	8480	x	8410
CNX FMCG	short	17750	x	17870
CNX FMCG	long	17870	x	17750
CNX INFRA	short	2707	x	2727
CNX INFRA	long	2727	x	2707
CNX METAL	short	2595	x	2640
CNX METAL	long	2640	x	2595
CNX MIDCAP	short	8850	x	8945
CNX MIDCAP	long	8945	x	8850
CNX PHARMA	short	7960	x	8040
CNX PHARMA	long	8040	x	7960
CNX PSU BANKS	short	2935	x	2975
CNX PSU BANKS	long	2975	x	2935
CNX REALTY	short	191	x	193.5
CNX REALTY	long	193.5	x	191

WORLD INDICES

weekly		DATE	28th April / 2nd May 2014
world indices	go	entry	Target	Stoploss
S & P	short	1855	1833/11/1789/67	1877
S & P	long	1877	1899/1921/43	1855
nasdaq comp	short	4076	4032/3998/964/930	4110
nasdaq comp	long	4110	4144/78/212/246	4076
dow jones	short	16280	16120/15960/800	16440
dow jones	long	16440	16600/760/920	16280
FTSE	short	6640	6590/540/490/440	6690
FTSE	long	6690	6740/790/840/890	6640
nikkei	short	14300	14175/050/13925/800	14425
nikkei	long	14425	14550/675/800/925	14300
australian ord	short	5500	5450/400/350/300	5550
australian ord	long	5550	5600/650/700	5500
hangseng	short	22300	22150/22000/21850/700	22450
hangseng	long	22450	22600/750/900	22300
shanghai	short	2123	2103/2083/63	2143
shanghai	long	2143	2163/83/2203	2123

COMMODITIES

weekly		DATE	28th april / 2nd may 2014
commodity	go	entry	Target	Stoploss
gold	short	1300	1287/74/61/48/35	1313	US$ / T ounce
gold	long	1313	1326/39/52/65	1300
silver	short	19.68	19.49/19.3/19.11/18.92/18.73	19.87	US$ / T ounce
silver	long	19.87	20.06/20.25/20.44/20.63	19.68
crude	short	100.7	99.8/98.9/98	101.6	US$ / barrel
crude	long	101.6	102.5/03.4/04.3	100.7

NIFTY SPOT INTRA

intra day		DATE	25th april 2014
stocks / indices	go	entry	Target	Stoploss
PREFER TO TRADE IN THE DIRECTION OF NIFTY . . .
bank nifty	short	13080	13010/12940/870/800	13150
bank nifty	long	13150	13220/290	13080
RELIANCE	short	969	963/57/51/45	975
RELIANCE	long	975	981/87	969
SBI	short	2062	2047/32/17/02	2077
SBI	long	2077	2092/107	2062
ICICI BANK	short	1297	1287/77/67/57	1307
ICICI BANK	long	1307	1317/27/37	1297
LT	short	1370	1361/52/43	1379
LT	long	1379	1388/97/1406	1370
TATA MOTORS	short	426	424/22/20/18/16	428
TATA MOTORS	long	428	430/32/34/36	426
rallis	short	176.5	173/69.5	180
rallis	long	180	183.5/87/90.5/94	176.5
welspun	short	114	112/10/08/06	116
welspun	long	116	118/20/22/24	114
cairns	short	351.5	349/46.5/44	354
cairns	long	354	356.5/59	351.5
EIL	short	230	227.5/25	232.5
EIL	long	232.5	235/37.5/40	230
TWL	short	191	188/85/82/79	194
TWL	long	197	200/03/06/09	194

NIFTY SPOT INTRA

intra day		DATE	23rd april 2014
stocks / indices	go	entry	Target	Stoploss
PREFER TO TRADE IN THE DIRECTION OF NIFTY . . .
bank nifty	short	12910	12840/770/700	12980
bank nifty	long	12980	13050/120/190	12910
RELIANCE	short	961	956/51/46/41	966
RELIANCE	long	966	971/76/81/86	961
SBI	short	2052	2044/36/28/20	2060
SBI	long	2060	2068/76/84	2052
ICICI BANK	short	1283	1278/73/68/63	1288
ICICI BANK	long	1288	1293/98/1303/08	1283
LT	short	1339	1329/19/09/1299	1349
LT	long	1349	1359/69/79	1339
TATA MOTORS	short	429.5	427.5/25.5/23.5	431.5
TATA MOTORS	long	431.5	433.5/35.5/37.5	429.5
apollo tyres	short	166	163.5/61/58.5/56	168.5
apollo tyres	long	168.5	171/73.5/76	166
welspun	short	107	106/05/04/03	108
welspun	long	108	109/10/11/12/13/14	107
ZEE TELE	short	261	258.5/56/53.5/51	263.5
ZEE TELE	long	263.5	266/68.5/71	261
guj gas	short	376	370/64/58/52	379
guj gas	long	382	388/94/400	379
TWL	short	175.5	173/70.5/68	178
TWL	long	178	180.5/83/85.5/88/90.5/93/95.5/98	175.5

TECPRO ... company has applied for CDR package as per RBI norms .....

co has average sales of around 800 crores per yr and market cap is just 78 crores .... after CDR package is cleared .... stock will zoom to minimum 40 rupees ....

company is in capital goods sector and all companies are on the upmove ... as such i expect the stock to touch about 24/25 rupees in current up-move ....

last 3 days it is locked in circuit .....

both traders and longterm investors will find the stock interesting .........

intra day		DATE	22nd april 2014
stocks / indices	go	entry	Target	Stoploss
PREFER TO TRADE IN THE DIRECTION OF NIFTY . . .
bank nifty	short	12910	12840/770/700	1298012850
bank nifty	long	12980	13050/120/190	12910
RELIANCE	short	961	957/53/49/45/41	965
RELIANCE	long	965	969/73/77/81	961
SBI	short	2059	2047/35/23/11	2071
SBI	long	2071	2083/95/2107	2059
ICICI BANK	short	1279	1273/67/61/55	1285
ICICI BANK	long	1285	1291/97/1303	1279
LT	short	1316	1303/1290/77	1329
LT	long	1329	1345/61/77	1316
TATA MOTORS	short	431	428/25	434
TATA MOTORS	long	434	437/40	431
HUL	short	597	592/87	599.5
HUL	long	602	607/12	599.5
suven life	short	83.5	82.5/81.5	84.5
suven life	long	84.5	85.5/86.5/87.5/88.5	83.5
ZEE TELE	short	265.5	262/58.5	267.25
ZEE TELE	long	269	272.5/76	267.25
IFCI	short	25.85	25.6/25.35	26.1
IFCI	long	26.1	26.35/26.6/26.85/27.1	25.85
TWL	short	152	149/46/43/40	153.5
TWL	long	155	158/61/64/67/70	153.5

NIFTY SPOT INTRA

Messages