June 2012
Trading levels 28th May / 1st June 2012
In the last two weeks ( I did not write last week ) , we broke thru not only 4900 but even 4800 – although briefly. Luckily … the 4770/4780 support – which is not really a strong one ….. did hold and we were saved from testing December lows.
As expected the world markets have turned gloomy and they are casting dark shadows on our markets. The uncertainty will definitely remain till Greek re-vote on 17th June and we can then take a fresh look depending on the outcome.
Keep one thing in mind …. Greece … however small its economy …. will definitely cause much bigger strife in world economy than Lehman did … so be prepared for that and it is not going to be easy to ring-fence the trauma … as virtually every large world bank / economy will have exposure in some way.
Rupee simply collapsed last week hitting a low of 56.38 and the reverberation could be heard on Dalal Street. In real terms … We just have about 7 months foreign exchange reserves to meet our ever ballooning import bill and it is time to look at some tough exchange control measures.
I HOPE YOU HAVE ALREADY STARTED CHERRY PICKING THE STOCKS OF YOUR CHOICE AS VALUATIONS ARE TURNING ATTRACTIVE. Infact some valuations are still mouth watering .
monthly trading levels for june 2012 .... FOR SNO 500 ......
| monthly levels | Jun-12 | |||
| go | entry | targets | stoploss | |
| s & p | short | 1316 | 1299/82/65/48/31 | 1333 |
| long | 1350 | 1367/84/1401/18 | 1333 |
| DATE | 1st june 2012 | |||
| stocks / indices | go | entry | Target | Stoploss |
| PREFER TRADES IN DIRECTION OF NIFTY AS PER NIFTY SPOT INTRA LEVELS | ||||
| BANK NIFTY | short | 9410 | 9370/330/290/250/210 | 9450 |
| long | 9450 | 9490/530/570/610 | 9410 | |
| RELIANCE | short | 704 | 701/698/95/92/89/86 | 707 |
| long | 707 | 710/13/16 | 704 | |
| ICICI BANK | short | 781 | 777.5/74/70.5/67 | 784.5 |
| long | 784.5 | 788/91.5/95/98.5/802 | 781 | |
| SBI | short | 2056 | 2044/32/20/08 | 2068 |
| long | 2068 | 2080/92/2104/16 | 2056 | |
| ULTRATECH | short | 1425 | 1416/06/1397/87 | 1435 |
| long | 1435 | 1444/54/63 | 1425 | |
| LT | short | 1171 | 1165/59/53/47 | 1177 |
| long | 1177 | 1183/89/95/1201 | 1171 | |
| tata motors | short | 235 | 233/31/29/27/25 | 237 |
| long | 237 | 239/41/43/45/47/49 | 235 | |
| YES BANK | short | 330 | 326.5/23/19.5 | 333.5 |
| long | 333.5 | 337/40.5/44 | 330 | |
| MARUTI | short | 1102 | 1095/88/81/74 | 1109 |
| long | 1109 | 1116/23/30/37 | 1102 | |
| BOB | short | 686 | 682/78/74/70/66 | 690 |
| long | 690 | 694/98/702 | 686 | |
| Posn Trading Lvls |
Date | 28th may / 1st june 2012 | ||
| Index | Go | Entry | Targets | Stoploss |
| ALWAYS PREFER TRADES IN THE DIRECTION OF NIFTY | ||||
| NIFTY | short | 4900 | 4862/24/786/748 | 4938 |
| long | 4938 | 4976/5014/52/90 | 4900 | |
| bse sensex | short | 16200 | 16065/15930/795/660 | 16335 |
| long | 16335 | 16470/605/740 | 16200 | |
| BANK NIFTY | Short | 9300 | 9210/120/030/8940/850 | 9390 |
| Long | 9390 | 9485/580/675/770 | 9300 | |
| CNX IT | Short | 5885 | 5820/755/690/625 | 5950 |
| Long | 5950 | 6015/80/145/210 | 5885 | |
| ACC | Short | 1141 | 1132/23/14/05/1095 | 1150 |
| Long | 1150 | 1159/68/77/86 | 1141 | |
| AXIS BANK | Short | 996 | 988/80/72/64/56/48 | 1004 |
| Long | 1012 | 1020/28/36/44/52/60 | 1004 | |
| ashok leyland | Short | 23.85 | 23.45/23.1/22.75/22.4 | 24.15 |
| Long | 24.5 | 24.8/25.1/25.4/25.7 | 24.15 | |
| BAJAJ AUTO | Short | 1483 | 1463/43/23/03 | 1493 |
| Long | 1503 | 1523/43/63/83 | 1493 | |
| BATA | Short | 894 | 887/79/72/64/57/49/42 | 902 |
| Long | 902 | 909/17/24/32/39 | 894 | |
| BHEL | Short | 207 | 204/01/198 | 210 |
| Long | 210 | 213/16/19/22/25 | 207 | |
| BHARTI | Short | 300 | 298/96/94/92/90/88 | 302 |
| Long | 304 | 306/08/10/12/14/16 | 302 | |
| CROMPTON | Short | 105 | 103.25/02.5/99.75/98 | 106.75 |
| Long | 106.75 | 108.5/10.25/12/13.75 | 105 | |
| GAIL | Short | 338.5 | 335/31.5/28/24.5/21 | 342 |
| Long | 342 | 345.5/49/52.5/56 | 338.5 | |
| GMR | Short | 20.55 | 20.35/20.15/19.95/19.75/19.55 | 20.75 |
| Long | 20.75 | 20.95/21.15/21.35/21.55/21.75/21.95 | 20.55 | |
| HUL | Short | 422 | 419/16/13/10/07/04 | 425 |
| Long | 425 | 428/31/34/37/40 | 422 | |
| HDFC | Short | 655 | 649/43/37/31 | 661 |
| Long | 661 | 667/73/79/85 | 655 | |
| hdfc bank | Short | 498.5 | 495/91.5/88/84.5/81 | 503 |
| Long | 503 | 506.5/10/13.5/17 | 498.5 | |
| HERO MOTOCORP | Short | 1839 | 1822/04/1787/69 | 1857 |
| Long | 1857 | 1874/92/1909 | 1839 | |
| HINDALCO | Short | 111.75 | 110/08.25/06.5/04.75/03 | 113.5 |
| Long | 113.5 | 115.25/17.18.75/20.5 | 111.75 | |
| INFOSYS | Short | 2381 | 2358/35/12/2289 | 2404 |
| Long | 2404 | 2427/50/73/96 | 2381 | |
| ICICI BANK | Short | 813 | 805/797/89/81 | 821 |
| Long | 821 | 829/37/45/53 | 813 | |
| IDFC | Short | 124 | 122.5/21/19.5/18/16.5/15 | 125.5 |
| Long | 125.5 | 127/28.5/30/31.5/33 | 124 | |
| ITC | Short | 232 | 229/26.5/23.5 | 234.5 |
| Long | 234.5 | 237.5/40/43 | 232 | |
| JSW STEEL | Short | 611 | 603/595/87/79/71 | 619 |
| Long | 619 | 627/35/43/51 | 611 | |
| LIC HSG FIN | Short | 242 | 239.5/37/34.5/32 | 244.5 |
| Long | 244.5 | 247/49.5/52 | 242 | |
| LT | Short | 1190 | 1181/72/63/54/45 | 1199 |
| Long | 1199 | 1208/17/26/35 | 1190 | |
| M&M | Short | 635 | 624/13/02/591 | 646 |
| Long | 646 | 657/68/79/90 | 635 | |
| MARUTI | Short | 1117 | 1104/1090/77/63 | 1131 |
| Long | 1131 | 1144/58/71 | 1117 | |
| RCOM | Short | 65.3 | 64.7/64.1/63.5/62.9 | 65.9 |
| Long | 65.9 | 66.5/67.1/67.7/68.3 | 65.3 | |
| RELIANCE | Short | 691 | 685/79/73/67/61 | 697 |
| long | 697 | 703/09/15/21 | 691 | |
| rel infra | Short | 461 | 455/49/43/37/31 | 467 |
| Long | 467 | 473/79/85/91/97 | 461 | |
| SAIL | Short | 92.25 | 91/89.75/88.5 | 93.5 |
| Long | 93.5 | 94.75/96/97.25/98.5 / 99.75 | 92.25 | |
| SBI | Short | 2221 | 2195/69/43/17 | 2247 |
| Long | 2247 | 2273/99/325/51 | 2221 | |
| RANBAXY | Short | 530 | 525.5/21/26.5/12 | 534.5 |
| Long | 534.5 | 539/43.5/48/52.5/57 | 530 | |
| sesa goa | Short | 181 | 179/77/75 | 183 |
| Long | 183 | 185/87/89 | 181 | |
| SUZLON | Short | 21 | 20.75/20.5/20.25/20 | 21.25 |
| Long | 21.25 | 21.5/21.75/22/22.25/22.5/22.75/23 | 21 | |
| TATAMOTORS | Short | 265 | 261.5/57.5/53.5/50 | 269 |
| Long | 269 | 272.5/76.5/80 | 265 | |
| TATASTEEL | Short | 406 | 399/93/86/80 | 412 |
| Long | 412 | 419/25/31/38 | 406 | |
| TCS | Short | 1214 | 1201/1188/75/62/49 | 1227 |
| Long | 1227 | 1240/53/66/79 | 1214 | |
| CNX MIDCAP | short | 6893 | x | 6932 |
| long | 6932 | x | 6893 | |
| CNX AUTO | short | 3895 | x | 3945 |
| long | 3945 | x | 3895 | |
| CNX FMCG | short | 11640 | x | 11720 |
| long | 11720 | x | 11640 | |
| CNX INFRA | short | 2172 | x | 2187 |
| long | 2187 | x | 2172 | |
| CNX METAL | short | 2686 | x | 2715 |
| long | 2715 | x | 2686 | |
| CNX MNC | short | 4982 | x | 4982 |
| long | 5026 | x | 5026 | |
| CNX PHARMA | short | 5040 | x | 5080 |
| long | 5080 | x | 5040 | |
| CNX PSE | short | 2634 | x | 2653 |
| long | 2653 | x | 2634 | |
| CNX REALTY | short | 206 | x | 209 |
| long | 209 | x | 206 | |
