November 2013

Monday, November 18 2013

NIFTY SPOT INTRA

go short / long - 6116 / 6136

stop loss – opposite

long targets – 6156/76/96

short targets – 6096/76/56

Monday, November 18 2013

		DATE	18th november 2013
stocks / indices	go	entry	Target	Stoploss
PREFER TO TRADE IN THE DIRECTION OF NIFTY . . .
BANK NIFTY SPOT	short	10920	10870/820/770/720	10970
BANK NIFTY SPOT	long	10970	11020/070/120	10920
RELIANCE	short	860	856/52/48	864
RELIANCE	long	864	868/72/76	860
ICICI BANK	short	1058	1053/47/42	1064
ICICI BANK	long	1064	1069/75/80	1058
SBI	short	1742	1728/14/1700	1756
SBI	long	1756	1770/84	1742
LT	short	948	941/34/27	955
LT	long	955	962/69/76	948
TATA MOTORS	short	388.00	385/82/79/76	391
TATA MOTORS	long	391	394/97/400	388
GMR	short	22.3	22.15/22	22.45
GMR	long	22.45	22.6/22.75/22.9/23.05/23.2	22.3
dabur	short	161.5	160.5/59.5	162.5
dabur	long	162.5	163.5/64.5/65.5	161.5
TCS	short	2030	2019/08	2041
TCS	long	2041	2052/63/74	2030
havells	short	749	744/39	754
havells	long	754	759/64/69	749
lic housing	short	221	219/17	223
lic housing	long	223	225/27/29	221

Monday, November 18 2013

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.

Monday, November 18 2013 TO Friday, November 22 2013

weekly		DATE	18th / 22nd nov 2013
commodity	go	entry	Target	Stoploss
gold	short	1280	1265/50/35/20	1295	US$ / T ounce
gold	long	1295	1310/25/40	1280
silver	short	20.65	20.4/20.15/19.9/19.65/19.4/19.15	20.9	US$ / T ounce
silver	long	20.9	21.15/21.4/21.65/21.9/22.15/22.4	20.65
crude	short	93.75	92.5/91.25/90	95	US$ / barrel
crude	long	95	96.25/97.5/98.75/100	93.75
nat gas	short	3.65	3.6/3.55/3.5	3.7	US$ / 10K MMBTU
nat gas	long	3.7	3.75/3.8	3.65
copper	short	3.155	3.12/3.085/3.05	3.19	US$ / pound
copper	long	3.19	3.225/3.26	3.155
sugar	short	450.5	445/39.5/34	456	US$ / tonne
sugar	long	456	461.5/67	450.5

Monday, November 18 2013 TO Friday, November 22 2013

weekly		DATE	18th / 22nd nov 2013
world indices	go	entry	Target	Stoploss
S & P	short	1788	1778/68/58/48	1798
S & P	long	1798	1808/18/28/38	1788
nasdaq comp	short	3957	3937/17/897/877/857	3977
nasdaq comp	long	3997	4017/37/57/77/97	3977
dow jones	short	15870	15770/670/570/470	15970
dow jones	long	15970	16070/170/270/370	15870
FTSE	short	6670	6615/560/505/450	6725
FTSE	long	6725	6780/835/890	6670
nikkei	short	15010	14870/730/590/450	15150
nikkei	long	15150	15290/430/570/710/850	15010
australian ord	short	5400	5365/30/295/260	5435
australian ord	long	5435	5470/505/540	5400
hangseng	short	23040	22770/500/230	23310
hangseng	long	23310	23580/850	23310
shanghai	short	2136	2114/2092/70	2158
shanghai	long	2158	2180/2202/24/46	2136

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