Daily Newsletter - 02-07-2013

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Daily Newsletter - 02-07-2013

  1. 1. SHAH ADVISORY 2013 Daily Morning Newsletter 02-07-2013 Vivek A. Shah W W W . S H A H A D V I S O R Y . C O M
  2. 2. Tuesday, 02nd 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 – 19577.39 TREND / PERIOD DAILY WEEKLY MONTHLY DIRECTION UP UP UP Trend Change Level (Closing Basis) 19360 19300 17750 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. Overall trend is positive. We may see levels of 19700-19800 in coming days. On the lower side, it has important support around 19300 levels. 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 – 1348.80 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. Overall trend is down but will turn positive once it starts trading above 1360. Anyone who is holding long positions are advised to book profit around 1370 levels. On the lower side, it has support around 1310 levels. ICICI BANK – 1067.90 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. Overall trend is down. If sustain above 1078, we may see rise till 1100 – 1110 in coming days. On the lower side, it has support around 1046 levels. RELIANCE INDUSTRIES – 885.70 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. Overall trend us positive. We may see levels of 899 in coming days. On the lower side, it has support at 863.
  3. 3. Tuesday, 02nd 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 – 289.80 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. Overall trend us down. It attained our profit booking levels as attained 288 levels, so booked full profits. TATA STEEL – 280.70 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. Overall trend is down. We mentioned, if sustain above 275, levels of 280 is possible and made a high around 282. Those who are holding longs may expect levels of 290 in coming days. So those who can hold need to keep stop at 277. SBI – 2015.60 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. Overall trend is down. Very strong resistance is around 2045 levels. We advised to buy around 1950 and attained mentioned targets of 2000. Look for booking full profits around 2040 levels keeping stop at 1970 USDINR – SPOT – 59.52 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. Overall trend is down. If it sustain above 59.58, we are advising to exit short positions and look for entering long positions.
  4. 4. Tuesday, 02nd 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 IDEA 146 RCom 134 Glenmark 576 McLeod Russel 298.20 Maruti 1625-1626 Stocks with Negative Breakout Stock Name Selling Range Tech M 1022-1023 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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