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Daily Newsletter - 08-07-2013
 

Daily Newsletter - 08-07-2013

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    Daily Newsletter - 08-07-2013 Daily Newsletter - 08-07-2013 Document Transcript

    • SHAH ADVISORY 2013 Daily Morning Newsletter 08-07-2013 Vivek A. Shah W W W . S H A H A D V I S O R Y . C O M
    • Monday, 08th 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 – 19495.82 TREND / PERIOD DAILY WEEKLY MONTHLY DIRECTION UP UP UP Trend Change Level (Closing Basis) 19360 19300 17750 Overall trend is positive. We mentioned that 19450 will be the resistance on higher side. Now keep watch on this level, if sustain above this level than we may see higher levels of 19600 – 19700 – 19800. If not sustain and trades below 19250, we may see levels of 19100 – 19000. Overall trend is positive. We are expecting index to be in a range of 19800 – 19200 in coming days. Above 19640, positive momentum may get some pace. S&P 500(USA) – 1615.41 Overall trend is down. 1610 on closing basis is important level. Resistance is around 1630-1636 levels. Overall trend is down. Resistance is at 1630-1636 levels. On the lower side, support at 1610 on closing basis. AXIS BANK – 1288.08 Overall trend is down. It made a low around 1260. If not booked full profit than keep stop at 1310. Overall trend is down. If it sustain above 1310, than it is advised to exit from short position. If sustain below 1280, we may see lower levels. ICICI BANK – 1051.55 Overall trend is down. Those who initiated shorts can keep stop at 1078. If sustain above it than exit. Now if sustain above 1078, it can touch 1100 in coming days. Overall trend is down. Hold short positions initiated around 1058 levels with stop at 1075. We may see lower levels of 1035-1030 in coming days. RELIANCE INDUSTRIES – 880.35 Overall trend is positive. If sustain above 870, we may see higher levels. Overall trend is positive. We mentioned that above 870, we may see higher levels and made a high around 884. Keep stop at 862 for any long positions. Look for the higher levels of 898 – 925 to book full profits.
    • Monday, 08th 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 – 296.20 Overall trend is down. If sustain above 295, we may see higher levels. Overall trend is down but will turn positive if trades above 300. Above 300, we may see higher levels of 307 – 313. TATA STEEL – 264.70 Overall trend is down. Not advising any new trade. Overall trend is down. If sustain above 272, we may see higher levels. SBI – 1894.45 Overall trend is down. Buy only if sustain above 1951. If it falls below 1868, it may touch 1850-1825 in coming days. Overall trend is down. Look for buying if sustain above 1940. If sustain below 1880, we may see levels of 1868 – 1850 – 1825 in the stock. USDINR – SPOT – 60.24 Overall trend is positive. If sustain below 59.90, than book remaining positions also. Overall trend is positive. If sustain below 59.95, exit from remaining positions.
    • Monday, 08th 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 - - 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-