Daily Newsletter - 01-07-2013
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Daily Newsletter - 01-07-2013

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    Daily Newsletter - 01-07-2013 Daily Newsletter - 01-07-2013 Document Transcript

    • SHAH ADVISORY 2013 Daily Morning Newsletter 01-07-2013 Vivek A. Shah W W W . S H A H A D V I S O R Y . C O M
    • Monday, 01st 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 – 18875.95 TREND / PERIOD DAILY WEEKLY MONTHLY DIRECTION DOWN DOWN UP Trend Change Level (Closing Basis) 19360 (Up above 19465) 19300 (Up above 19465) 17750 Overall trend is down. Not sustain below 18500 that we were actually expecting but also it cross level of 18800 and touched high around 18925. We mentioned that above 18800 if sustain than some bounce is possible. Now closing above 18925 is important level to watch. If close and sustain above it than we may see levels of 19300 in coming days. Overall trend is down but will turn positive once the index starts trading above 19465. Above 18925, before closing, in the single day it attained the mentioned higher level of 19300-19360. Now we need to see that if is trades above 19465 for few minutes than next higher level will be around 19700. On the lower side, it has support around 19150 – 19100. S&P 500(USA) – 1606.28 Overall trend is down. We advised to short around 1590-1595 levels. Hold the position with stop at 1620. Overall trend is down. It has just touched the stop loss level of 1620 and returned. So, those who have exited the position should stay away else hold with same stop loss or keep it to 1621. AXIS BANK – 1325.20 Overall trend is down. Now if sustain above 1290, we may see rally in the stock till levels of 1330 in coming days. We advised to buy if sustain above 1266 and made a high around 1285. Hold that position with stop at 1260 and look for higher levels around 1310-1330 to book full profit. Overall trend is down. We mentioned that on the higher side we may see 1310 – 1330 levels and it need to be used to book full profit. So, the mentioned levels attained and we booked full profit. ICICI BANK – 1070.75 Overall trend is down. The stock is trading in very narrow range and it looks like selling momentum is decreasing. Look for buying only if sustain above 1051. Overall trend is down. We advised to buy if sustain above 1051 and made a high around 1076. We advise booking 50% profit around current levels. Now again if it sustain above 1077-1078, we may see levels of around 1100 – 1110 in coming days. On the downside, keep stop around 1040. RELIANCE INDUSTRIES – 862.60 Overall trend is down. Trend will turn positive if trades above 838. We advised to buy if sustain above 819 and it made a high around 836.95. Those who have not booked profit can keep stop at 821 and look for part booking profit around current levels and 845 to book full profits. Overall trend is down. We booked part profit and booked remaining profit around 860 levels as we advised to book through twitter during the market hours.
    • Monday, 01st 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 – 281.30 Overall trend is down. Weekly close below 270 will take stock to 255 initially. If sustain on weekly basis than expect bounce till 281-284 levels. We advise buying only if sustain above 278. Overall trend is down. We advised to buy if sustain above 278 and attained initial target of 281. Hold position with stop at 274 and look for higher levels of 284 – 288 to book full profits. TATA STEEL – 273.75 Overall trend is down. Those holding short position can keep stop at 266.20 and look for lower levels of 258-255 to book full profits. Overall trend is down. Our trailed stop hit so exited from position. We are advising to buy if it comes to 268 levels. Also if sustain above 275, we may see levels of 280. SBI – 1953.80 Overall trend is down. Those who want to take risk can buy around current levels with stop at 1890 and add to the longs if sustain above 1945. Others can buy if sustain above 1945. Overall trend us down. Hold long positions initiated around 1950 levels with stop at 1915 and look for higher levels of 1983 to book part profit. If sustain above 1983 on closing basis than we may see levels of 2000. USDINR – SPOT – 59.39 Overall trend is positive. Currently at 59.98, it has important support. If sustain below it than we may see lower levels. Overall trend is positive. We advised to short if sustain below 59.98 and booked profit at 59.47 and around 59.25 levels. Now, level of 59.15 is very important, if sustain below it than we may see levels of 58.77 – 58.65 initially.
    • Monday, 01st 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 Britania 682 BPCL 371-371.50 Cipla 394.50-395 GSPL 58.40-58.50 Sun Pharma 1018-1020 Stocks with Negative Breakout Stock Name Selling Range HUL 583-582 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-