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BSE Sensex – 19177.93
TREND / PERIOD DAILY WEEKLY MONTHLY
DIRECTION DOWN UP UP
Trend Change Level
(Closing Basis)
19600 19300 17750
Overall trend is positive but short term trend is down. Weekly trend will turn down if closes below
19300 which looks almost possible now. We mentioned that we are expecting some bounce from
19000 levels but it did not sustained that levels so now it is likely to touch 18600 levels as also
mentioned. It has made a low around 18765.
Overall trend is positive but short term trend is down. Weekly trend is positive but will turn down if
trades below 18700. Now it will face resistance around 19250 levels, if sustain above it that we may
see rise till 19400-19500 in coming days. We also advised few days back in daily newsletter that look
for some buying around 19000-19300 levels for short term investment point of view. Look for
booking part profit in these positions if index reaches around 19500 levels.
S&P 500(USA) – 1636.36
Overall trend is down. It has strong support around 1610-1600 area. Once it will close below 1600,
next possible levels will be 1560-1570.
Overall trend is down. We mentioned that it has support around 1610-1600 area and it bounced
from the same level. Now again it will face resistance around 1642-1645 levels. Buying is advised
only if sustains above 1650.
AXIS BANK – 1298
Overall trend is down. It has almost attained second target of 1250 as made a low around 1257.40.
We also mentioned that we are expecting bounce from this level and after that it made a high
around 1292. Hold short positions with stop at 1320.
Overall trend is down. Those holding short positions need to exit if trades above 1320. We may see
rise till 1350 if sustain above 1320.
ICICI BANK – 1102.15
Overall trend is down. If sustains below 1062, we will see slide till 1030-1035 levels. Buying is advised
only if it sustains above 1104.
Overall trend is down. We mentioned that if sustain above 1104 than buy and it just touched the
same level. Now if sustain above 1104 than look for buying. Add to the long positions if sustain
above 1117.
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RELIANCE INDUSTRIES – 814.65
Overall trend is down. Hold long positions with stop at 780 and look for higher levels of 804-805 to
book part profit.
Overall trend is down. It has attained initial target of 804-805. We also mentioned that if sustain
above 804 than 816-830 is next target on 13-06-2013 newsletter. If has also attained 816. Trail stop
loss to 796 for remaining long positions.
TATA MOTORS – 296.80
Overall trend is down. It is trading neat to support levels of 280-282. If closes below 280 on weekly
basis, than initial target will be 260.
Overall trend is down and it has just bounced from the support level of 280-282. If trades above 298
than we may see bounce till 304. Also any dip to 290-291 levels need to be used to go long.
TATA STEEL – 274.15
Overall trend is down. It is trading near to mentioned support levels of 260. Long term investors can
look for buying stock around these levels for time horizon of at least 2 years.
Overall trend is down. If it sustain above 280, buy for intraday to short term trading.
SBI – 2045.85
Overall trend is down. We are expecting stock to remain sideways to turn bullish. Once it will close
above 2030, it will get momentum and will try to touch 2100.
Overall trend is down. Above 2062, we may see rise till 2100 levels in the stock.
USDINR – SPOT – 57.5250
Overall trend is positive. We are expecting it to touch levels of 57.60-57.50 in coming days. Once it
will sustain below 57.65, we may see selling to get upper hand. Short positions need to be
maintained with stop at 58.58.
Overall trend is positive. We mentioned that we are expecting that pair will come to 57.60-57.50
levels and if sustain below 57.65, sellers will have upper hand and it made a low around 57.45. Look
for booking profit around 57.20-57.25 levels keeping stop at 57.98.
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Stocks with Positive Breakout
Stock Name Buying Range
Hindalco 106
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
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