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  • 1. SHAH ADVISORY 2013 Daily Morning Newsletter 10-07-2013 Vivek A. Shah W W W . S H A H A D V I S O R Y . C O M
  • 2. Wednesday, 10th 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 – 19439.48 TREND / PERIOD DAILY WEEKLY MONTHLY DIRECTION UP UP UP Trend Change Level (Closing Basis) 19100 19300 17750 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. Overall trend is positive. Index is having support around 19300 levels and it looks like it will go to higher levels of 19600-19700. It has almost touched 19500 levels as we mentioned. S&P 500(USA) – 1640.46 Overall trend is down. Resistance is at 1630-1636 levels. On the lower side, support at 1610 on closing basis. Overall trend has turned positive. Though the trend is positive, the buying is not advisable now as index is trading near to resistance level. Those who want to buy can take very small position if trades above 1646 with stop at 1630. AXIS BANK – 1264.35 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. Overall trend is down. Buy if sustain above 1284. Go short if trades below 1250. ICICI BANK – 1034.35 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. Overall trend is down. Buy if sustain above 1044. Look for going short if trades below 1023. RELIANCE INDUSTRIES – 874.80 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. Overall trend is positive. If sustain above 880, it may touch 900 initially and than 912-920. If sustain below 858, go short with stop at 877. TATA MOTORS – 289.10 Overall trend is down. If it comes to 294, than look for shorting opportunity keeping stop at 297. Overall trend is down. If comes to 294, go short with stop at 297. We may see lower levels of 282- 280.
  • 3. Wednesday, 10th 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 STEEL – 261.65 Overall trend is down. Bu only if sustain above 267. Overall trend is down. If sustain above 267, go long. Alternatively if sustain below 259, go short. SBI – 1894.65 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. Overall trend is down. Buy if sustain above 1915. If trades below 1865, than look for going short. USDINR – SPOT – 60.15 Overall trend is positive and we booked full profit at 60.85 – 60.90 range and exited from the position. Overall trend is positive. Look for going short if comes to 60.58. Also go short if trades below 60. If sustain above 60.58 than only go long.
  • 4. Wednesday, 10th 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-