Welcome to SUMAMURA

intra		DATE	5th december 2013
stocks / indices	go	entry	Target	Stoploss
PREFER TO TRADE IN THE DIRECTION OF NIFTY . . .
BANK NIFTY SPOT	short	11370	11315/260	11425
BANK NIFTY SPOT	long	11480	11535/590/645/700	11425
RELIANCE	short	869	862/55	876
RELIANCE	long	876	883/90	869
ICICI BANK	short	1091	1083/75/67	1099
ICICI BANK	long	1099	1107/15	1091
SBI	short	1854	1844/34/24	1864
SBI	long	1864	1874/84/94	1854
LT	short	1062	1055/48/41	1069
LT	long	1069	1076/83/90	1062
TATA MOTORS	short	396.00	394/92/90	398
TATA MOTORS	long	400	402/04/06/08	398
PNB	short	587	580.5/74/67.5/61	593.5
PNB	long	593.5	600/06.5/13/20.5	587
ACC	short	1113	1109/05/01/1097	1117
ACC	long	1117	1121/25/29/33	1113
GIPCO	short	65	64.5/64	65.5
GIPCO	long	65.5	66/66.5/67/67.5/68	65
adani power	short	39	38.6/38.2	39.4
adani power	long	39.4	39.8/40.2/40.6/41	39
axis bank	short	1218	1208/1198/88/78	1228
axis bank	long	1228	1238/48/58	1218

MY WEEKLY TAKE ....

Trading levels --- 25th / 29th November 2013

Our markets are making very intriguing moves – not allowing either the bulls or the bears to make much money.

We did hit a 52 week high of 6342 on muhurat day trading and closed in positive. But since then we have had 10 down days out of 13 trading sessions. We had straight 7 losing sessions after muhurat trading ( losing 370 points from peak ) folollowed buy 3 straight up-days ( up 240 points ) and 3 down days again – giving back all those 240 points.

This extreme volatility was accentuated by RBI governor’s attempts to TALK-UP the market middle of last week. We had steroid effect for 3 days.

I was expecting FIIs to open their moneybags wide but they refrained after putting in about 4000 crores in 4 sessions when market went up 240 points. As soon as they stopped – we are down 240 points in next three sessions.

Chartically speaking we have a nice H&S pattern building up and if that is completed, we can have a target of 5600/5650 in coming weeks. I know market participants are not ready for such a fall but it is WRITTEN ON THE WALL for anyone to read.

Last week I had written that 6220/6240 is a strong resistance zone. We reversed from 6212 itself. Whoever listened to me and bought some at the money PUTs is sitting on good profits. It is advisable to switch to at the money PUTs again on Monday. This will ensure automatic profit booking and continuation of short position.

Next logical target for coming week is 5780/5800 with attendant volatile up-moves in between.

There are no further triggers now and we will have to wait for 5 state election results on December 8.

I have released SAMVAT 2013/14 trading levels on my website – http://www.sumamura.com/sumamura-messages/.

November 2013 LEVELS are out ON 1ST NOVEMBER. You can have a look at the same before entering fresh trades.

My monthly trading levels are out and paid members have them. At 3,000 rupees a year, they provide tremendous value for money proposition.

MY WEEKLY TAKE ....

Trading levels --- 18th / 22nd November 2013

We continued to slide for 3 more days of the truncated last week losing nearly 5 % from the top hit on muhurat day trading. Then entered RBI GOVERNOR to talk up the sagging markets. Earlier this was tried several times by the FM ( may be because the then RBI GOVERNOR would not have obliged ).

Same evening the fed chairman in waiting Ms JANET YELLEN sounded a dovish note indicating that the QE III taper may not start early 2014 as expected by many.

Both these events had a salubrious effect on the market and we had a fairly smart recovery on the last trading day. However the market came off substantially from the high point of the day indicated that everything was not hunky dory with the market internals and we may have to have one more good session before we enter bullish zone in the short term.

Everything will depend on FII flows next week. If they resume to pump about 150 / 200 million dollars a day …. We may be pushing 6300/ 6350 by end of the week. More than a billion dollars in a week may be just enough to trigger a new all time high with-in this week.

6220 / 6240 can be a substantial resistance zone to any new up-trend starting on Monday. If that is cleared without much ado, I will bet on new NIFTY high in next 3 trading sessions.

SBI results were just about average and bank nifty will have to shoulder the burden by moving past 11500/11700 if NIFTY has to get to a new high.

There are no further triggers after the few key results next week and we will have to then wait for 5 state election results on December 8.

I have released SAMVAT 2013/14 trading levels on my website – http://www.sumamura.com/sumamura-messages/.

November 2013 LEVELS are out ON 1ST NOVEMBER. You can have a look at the same before entering fresh trades.

My monthly trading levels are out and paid members have them. At 3,000 rupees a year, they provide tremendous value for money proposition.

Trading levels --- 11^th / 15^th November 2013

The first week of new SAMVAT 2070 was not very good for the bulls. The market corrected for all the 4 days of the truncated week.

The proverbial gasoline for the market – FII FLOWS – have become 1/4^th of what they were in the previous week and those are not enough to absorb the selling from DIIs and HNIs. This has resulted in the market drifting lower in an orderly fashion.

SHOULD WE CALL THIS DRIFTING CONSOLIDATION OR DISTRIBUTION …. THAT IS A MILLION DOLLAR QUESTION AND NO ONE KNOWS THE ANSWER. ONLY TIME WILL TELL DEPENDING ON THE COURSE OF THE MARKET IN COMING 8/10 TRADING SESSIONS.

I feel that 6060 / 6090 is a strong support zone and some bounce can be expected from these levels. This bounce can be 100/120 odd points and the market strength at that critical level of 6200 will decide whether we will make another attempt to hit a new NIFTY high or go down to 5900.

BANK NIFTY – particularly SBI results will hold the key. Adverse results will weaken bank nifty significantly aborting the up-move while better than expected results will provide much needed fuel for further propagation.

There are no further triggers after the few key results next week and we will have to then wait for 5 state election results on December 8.

I have released SAMVAT 2013/14 trading levels on my website – http://www.sumamura.com/sumamura-messages/.

November 2013 LEVELS are out ON 1^ST NOVEMBER. You can have a look at the same before entering fresh trades.

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.

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

the stock is looking strong on daily as well as weekly charts. buying is recommended.

buy around 146/47 ( agressive traders ) or 143/46 zone ( cautious traders ) with a posn trading stoploss of 139.5 for target of 153.5 /158.5 in 3 to 5 trading sessions.

posn trading stoploss means decisive break of the level for 15 to 20 mins

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