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Daily Newsletter - 09-07-2013
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Daily Newsletter - 09-07-2013

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  • 1. SHAH ADVISORY 2013 Daily Morning Newsletter 09-07-2013 Vivek A. Shah W W W . S H A H A D V I S O R Y . C O M
  • 2. Tuesday, 09th 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 – 19324.77 TREND / PERIOD DAILY WEEKLY MONTHLY DIRECTION UP UP UP Trend Change Level (Closing Basis) 19160 19300 17750 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. Overall trend is positive. Index just touched the lower range of trading range as mentioned by us. Only if trades below 19150, than only we may see much lower levels else we may see bounce till 19500-19600 initially. 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 – 1252.55 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. Overall trend is down. We mentioned that if sustain below 1280, than we may see lower levels and made a low around 1246. If sustain above 1282 than only look for buying. ICICI BANK – 1027.95 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. Overall trend is down. Our sell call attained target of 1030 so booked the profit and exited from the trade. Buy only if sustain above 1044. RELIANCE INDUSTRIES – 866.95 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. Overall trend is positive. Stop loss of 862 triggered for long positions. If it trades below 858, we may see lower levels. If sustain above 888, we may see rise till 900 initially.
  • 3. Tuesday, 09th 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 – 287.80 Overall trend is down but will turn positive if trades above 300. Above 300, we may see higher levels of 307 – 313. Overall trend is down. If it comes to 294, than look for shorting opportunity keeping stop at 297. TATA STEEL – 259.90 Overall trend is down. If sustain above 272, we may see higher levels. Overall trend is down. Bu only if sustain above 267. SBI – 1873.20 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. Overall trend is down. We mentioned that if sustain below 1880, it can come to 1868-1850-1825. It has touched 1850 level. Buy only if sustain above 1915. USDINR – SPOT – 60.5950 Overall trend is positive. If sustain below 59.95, exit from remaining positions. Overall trend is positive and we booked full profit at 60.85 – 60.90 range and exited from the position.
  • 4. Tuesday, 09th 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-