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Daily Newsletter -16-07-2013

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Daily Newsletter -16-07-2013

  1. 1. passSHAH ADVISORY 2013 Daily Morning Newsletter 16-07-2013 Vivek A. Shah W W W . S H A H A D V I S O R Y . C O M
  2. 2. Tuesday, 16th July 2013  - www.shahadvisory.com Follow us on Twitter - @equityadvisory Shah Advisory – Daily Morning Newsletter  +91 84600 32788  support@shahadvisory.com Save Trees. Do not Print. Read Disclaimer on our website 2 BSE Sensex – 20034.48 TREND / PERIOD DAILY WEEKLY MONTHLY DIRECTION UP UP UP Trend Change Level (Closing Basis) 19300 19300 17750 Overall trend is positive. Index is having support around 19300 levels and it looks like it will go to higher levels of 19600-19700. It has almost touched 19500 levels as we mentioned. Overall trend is positive. In our last report, we mentioned that we are expecting 19700-19800 levels and it attained all those levels. Uptrend may get pace if trades above 20100 and sustain above it. One may also look for adding long positions if sustain above 20100. On the lower side, it will find support around 19800. S&P 500(USA) – 1680.19 Overall trend has turned positive. Though the trend is positive, the buying is not advisable now as index is trading near to resistance level. Those who want to buy can take very small position if trades above 1646 with stop at 1630. Overall trend is positive. We advised to buy if sustain above 1646 and now around 1680 levels. Book 50% positions and trail stop at 1646. AXIS BANK – 1308.90 Overall trend is down. Buy if sustain above 1284. Go short if trades below 1250. Overall trend is down but will turn positive if trades above 1318. Buying can be initiated if trades above 1318. ICICI BANK – 1061.05 Overall trend is down. Buy if sustain above 1044. Look for going short if trades below 1023. Overall trend is down. Those holding long positions may keep stop at 1050 and look for the higher levels of 1070 to book 50% profits. RELIANCE INDUSTRIES – 896.85 Overall trend is positive. If sustain above 880, it may touch 900 initially and than 912-920. If sustain below 858, go short with stop at 877. Overall trend is positive. We advised to buy above 880 and almost attained target 1 of 900. We may see levels of 912-920 in coming days and look for booking full profits around that level.
  3. 3. Tuesday, 16th July 2013  - www.shahadvisory.com Follow us on Twitter - @equityadvisory Shah Advisory – Daily Morning Newsletter  +91 84600 32788  support@shahadvisory.com Save Trees. Do not Print. Read Disclaimer on our website 3 TATA MOTORS – 288.45 Overall trend is down. If comes to 294, go short with stop at 297. We may see lower levels of 282- 280. Overall trend is down. We initiated short position around 294 and booked part profit today around 288 levels. Hold remaining positions with stop at 294 and look for booking full profits around 283 levels. TATA STEEL – 257.45s Overall trend is down. If sustain above 267, go long. Alternatively if sustain below 259, go short. Overall trend is down. Those holding short positions below 259 are advised to book profits if not booked around 253 levels. SBI – 1912.30 Overall trend is down. Buy if sustain above 1915. If trades below 1865, than look for going short. Overall trend is down. Those holding long positions may keep stop at 1890. Those who have not initiated long positions may look for initiating long positions if sustain above 1925. USDINR – SPOT – 59.8550 Overall trend is positive. Look for going short if comes to 60.58. Also go short if trades below 60. If sustain above 60.58 than only go long. Overall trend is positive. We advised to go short if trades below 60 and in subsequent days, it made a low around 59.32. Those who are holding shorts may keep stop at 60.25. if sustain above 60.25 than exit and may consider buy position. On the lower side, look for booking profits around 59.60.
  4. 4. Tuesday, 16th July 2013  - www.shahadvisory.com Follow us on Twitter - @equityadvisory Shah Advisory – Daily Morning Newsletter  +91 84600 32788  support@shahadvisory.com Save Trees. Do not Print. Read Disclaimer on our website 4 Stocks with Positive Breakout Stock Name Buying Range Bajaj Auto 1910 HUL 620 Axis Bank 1318 IDBI 75.20 IDFC 139 REC 208 Stocks with Negative Breakout Stock Name Selling Range - - NOTE – Red colour – Last View / update on the scrip Green colour – Current View / update on the scrip YOU CAN ALSO VIEW THIS REPORT ON THE WEB-

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