June 2020

 MY WEEKLY TAKE 

NIFTY GALLOPS AS IF NO

TOMORROW THROWING POOR

MACROS TO THE WIND . . .

Trading  levels  8^th / 12^th  June  2020

Nifty  has gone up in last 7 of the 8 trading sessions notching 1200+ point gain in the bargain  at the average of 160+ points on every up day.   In the meanwhile DJI has gone up 8 out of 9 trading sessions moving up 2500+ points – average of 300+ points.

THIS IS BREATH-TAKING RALLY … ALAS, IF IT WAS TO COME BECAUSE OF GREAT MACROS ….  Either Indian or US ….  Unfortunately that is not to be.

THIS IS NOW SHOWING FIRM CO-RELATION BETWEEN THE TWO  MARKETS WHICH WAS DISTURBED 3 WEEKS AGO.

This NIFTY rally is now looking stretched as we are going further and further away from stark reality. But – one never knows as strange things have happened due to  the gush of liquidity.

I  WILL SAY RALLY LOOKS SAFE AS LONG AS NIFTY DOES  NOT CLOSE BELOW  9900.

Some interesting developments  in telecom industry  are also indicated. 

1… GOOGLE WILL TAKE STAKE IN VODA – IDEA.

2… AMAZON WILL PUMP IN 2 BILLION DOLLARS IN BHARTI AIRTEL.

This means Indian market will be abuzz with lot of activity in coming 3/6 months particularly in organized retail sector.  IT WILL BE FUN AND AGAIN CUSTOMER WILL BE THE KING.

I am selling the stocks which I have bought around 8000 / 8500 nifty level in March and  some bought around 9000  2 weeks ago.

I  AM ENSURING I  WILL HAVE ENOUGH CASH ON HAND WHEN MARKET WILL TURN BEARISH AGAIN AFTER JUNE QUARTER RESULTS.  Cash in hand never hurts anyone in these turbulent times.

All along I am only buying stocks with strong balance sheets and very low debt equity ratio.

I have a facebook group SHARE MARKET WEEKLY VIEW.  If you wish you may join that group – IT IS FREE - where I have put up some recommended  entry prices for 60 odd good quality stocks.

As I always say, we have to play percentages to make money. Bold bravado or blind consensus following  does not help.  I HAVE JUST GIVEN YOU SOME FOOD FOR YOUR GREY CELLS.   WHAT DO YOU SAY ? ? ?

JUNE   2020 TRADING LEVELS  are  posted . You can have a look at the same before entering fresh trades. Keep visiting my website – http://www.sumamura.com/sumamura-messages/. 

Please remember CAPITAL is always scarce  - even for Mr Buffet  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.

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 ping me on 9371002943 on WHATSAPP for any queries.  Please identify yourself clearly.

Indices  monthly levels