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Daily Newsletter - 06-08-2013
Daily Newsletter - 06-08-2013
Daily Newsletter - 06-08-2013
Daily Newsletter - 06-08-2013
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Daily Newsletter - 06-08-2013

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Published in: Economy & Finance, Business
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  • 1. passSHAH ADVISORY 2013 Daily Morning Newsletter 06-08-2013 Vivek A. Shah W W W . S H A H A D V I S O R Y . C O M
  • 2. Tuesday, 06th August 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 – 19182.26 TREND / PERIOD DAILY WEEKLY MONTHLY DIRECTION UP UP UP Trend Change Level (Closing Basis) 19700 19300 17750 Overall trend is down but will short only if sustain below 19000. Otherwise expect some bounce. Overall trend is down but not advising shorts as we are expecting market to move slight higher from current levels and take support around 19200 on closing basis. If falls below 19000 than only shorting is advised, else expect bounce till 19400-19600. S&P 500(USA) – 1709.68 Overall trend is positive. Go short below 1678. Overall trend is positive. Buy if sustain above 1712. AXIS BANK – 1124.35 Overall trend is down. Hold long positions with stop at 1033. Above 1120, we may see strong bounce in the stock. Overall trend is down. Hold long positions and now above 1127-1128 we may see levels of 1180 in coming days. ICICI BANK – 902.45 Overall trend is down. Hold short positions and look for lower levels of 878 to book part profit. Hold rest positions with stop at 928. Overall trend is down. Buy if sustain above 920 and exit from remaining short positions at current levels. RELIANCE INDUSTRIES – 861.55 Overall trend is positive. Hold short positions with stop at 882 and look for lower levels of 845-838 to book full profits. Overall trend is positive. Hold short positions with stop at 882 and look for 845-838 to book full profit and exit. TATA MOTORS – 284.75 Overall trend is positive. Buy if sustain above 294. Overall trend is positive. Go short below 277 and buy above 294.
  • 3. Tuesday, 06th August 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 STEEL – 207.90 Overall trend is down. Stop triggered for long positions at 205. Not advising any fresh trade. Overall trend is down. As we said, we are not expecting much lower levels below 200. We may see some positive movement in the stock in coming days. Buy if sustain above 212. SBI – 1682.25 Overall trend is down. It has touched level of 1665 and we booked profit there. Anyone holding short may keep stop at 1705. Overall trend is down. It made a low around 1655 today. Now anyone holding short positions need to keep stop at 1705 else exit completely around current levels. USDINR – SPOT – 60.88 Overall trend is positive. Though short trade triggered out but not initiated long positions as not sustain above 61.11. Buy only if sustain above 61.11 and cross 61.18. Overall trend is positive. Buy only if sustain above 61.11 and cross 61.18. Alternatively look for going short if trades below 60.75.
  • 4. Tuesday, 06th August 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 742 Hero moto 1863 Stocks with Negative Breakout Stock Name Selling Range Bata 870 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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