Daily Newsletter - 04-07-2013
Upcoming SlideShare
Loading in...5
×
 

Daily Newsletter - 04-07-2013

on

  • 123 views

 

Statistics

Views

Total Views
123
Views on SlideShare
123
Embed Views
0

Actions

Likes
0
Downloads
0
Comments
0

0 Embeds 0

No embeds

Accessibility

Upload Details

Uploaded via as Adobe PDF

Usage Rights

© All Rights Reserved

Report content

Flagged as inappropriate Flag as inappropriate
Flag as inappropriate

Select your reason for flagging this presentation as inappropriate.

Cancel
  • Full Name Full Name Comment goes here.
    Are you sure you want to
    Your message goes here
    Processing…
Post Comment
Edit your comment

Daily Newsletter - 04-07-2013 Daily Newsletter - 04-07-2013 Document Transcript

  • SHAH ADVISORY 2013 Daily Morning Newsletter 04-07-2013 Vivek A. Shah W W W . S H A H A D V I S O R Y . C O M
  • Thursday, 04th 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 – 19177.76 TREND / PERIOD DAILY WEEKLY MONTHLY DIRECTION UP UP UP Trend Change Level (Closing Basis) 19360 (Down below 19100) 19300 17750 Overall trend is positive. On the lower side, it has support around 19300 levels. Short term traders may look for entering long positions around this level. Overall trend is positive but will turn down if trades below 19100. We mentioned that it has support around 19300 and as it broke that level, made a low around 19150. On the higher side, it will face resistance around 19450 levels. S&P 500(USA) – 1614.08 Overall trend is down. It has triggered our stop loss so exited short positions. On the lower side, 1608 is good support level. If closes below this and sustain below this on closing basis, we may see lower levels of 1600-1590 initially. Overall trend is down. 1610 on closing basis is important level. Resistance is around 1630-1636 levels. AXIS BANK – 1277.85 Overall trend is down. If the stock trades below 1300, we may see lower levels around 1287 – 1280. Overall trend is down. As we mentioned, below 1300, it touched 1287-1280 and made a low around 1271. Now resistance is around 1315 levels. Those holding short positions may keep stop at 1315. ICICI BANK – 1064 Overall trend is down. Those who are holding longs need to keep stop at 1061. We may see levels of 1100-1110 in coming days. Overall trend is down. Our trailed stop loss triggered so exited from the position. If it sustain below 1054, we may see lower levels, else we can expect it to touch around 1080-1100 in coming sessions. RELIANCE INDUSTRIES – 850.85 Overall trend is positive. It has good support at 862 – 863 levels. If sustain above 884, we may see levels of 899. Alternatively, if sustain below 862, we may see levels of 853 – 846. Overall trend is positive. As mentioned, once it trades below support of 862, it attained mentioned levels of 853 and made a low around 848.
  • Thursday, 04th 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 – 284.20 Overall trend is down. If it comes to 280 levels, look for entering long positions keeping stop at 277. Overall trend is down. We mentioned to buy around 280 with stop at 277 and it made a high around 289 intraday itself, so booked the position. TATA STEEL – 269.55 Overall trend is down. Hold long positions with stop at 278. Overall trend is down. Our stop loss triggered so exited. Not advising any new trade now. SBI – 1898.75 Overall trend is down. Those, holding long positions may keep stop at 1970. If sustain below 1965, we may see lower levels. Overall trend is down. Trailed stop loss triggered for long positions. We also advised that below 1965, we may see lower levels and made a low around 1892. USDINR – SPOT – 60.22 Overall trend is down. Hold long positions with stop at 59.25. We may see higher levels of 59.85 initially, than 60. Overall trend is down. It attained levels of 60. We booked part profit around 60.1250 as informed through twitter.
  • Thursday, 04th 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 Axis Bank 1268 Divis Lab 958 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-