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Daily Newsletter - 17-06-2013

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  • 1. SHAH ADVISORY2013Daily MorningNewsletter17-06-2013Vivek A. ShahW W W . S H A H A D V I S O R Y . C O M
  • 2. Monday, 17th June 2013  - www.shahadvisory.comFollow us on Twitter - @equityadvisoryShah Advisory – Daily Morning Newsletter +91 84600 32788  support@shahadvisory.comSave Trees. Do not Print. Read Disclaimer on our website2BSE Sensex – 19177.93TREND / PERIOD DAILY WEEKLY MONTHLYDIRECTION DOWN UP UPTrend Change Level(Closing Basis)19600 19300 17750Overall trend is positive but short term trend is down. Weekly trend will turn down if closes below19300 which looks almost possible now. We mentioned that we are expecting some bounce from19000 levels but it did not sustained that levels so now it is likely to touch 18600 levels as alsomentioned. 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 iftrades below 18700. Now it will face resistance around 19250 levels, if sustain above it that we maysee rise till 19400-19500 in coming days. We also advised few days back in daily newsletter that lookfor some buying around 19000-19300 levels for short term investment point of view. Look forbooking part profit in these positions if index reaches around 19500 levels.S&P 500(USA) – 1636.36Overall 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 bouncedfrom the same level. Now again it will face resistance around 1642-1645 levels. Buying is advisedonly if sustains above 1650.AXIS BANK – 1298Overall 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 higharound 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 seerise till 1350 if sustain above 1320.ICICI BANK – 1102.15Overall trend is down. If sustains below 1062, we will see slide till 1030-1035 levels. Buying is advisedonly if it sustains above 1104.Overall trend is down. We mentioned that if sustain above 1104 than buy and it just touched thesame level. Now if sustain above 1104 than look for buying. Add to the long positions if sustainabove 1117.
  • 3. Monday, 17th June 2013  - www.shahadvisory.comFollow us on Twitter - @equityadvisoryShah Advisory – Daily Morning Newsletter +91 84600 32788  support@shahadvisory.comSave Trees. Do not Print. Read Disclaimer on our website3RELIANCE INDUSTRIES – 814.65Overall trend is down. Hold long positions with stop at 780 and look for higher levels of 804-805 tobook part profit.Overall trend is down. It has attained initial target of 804-805. We also mentioned that if sustainabove 804 than 816-830 is next target on 13-06-2013 newsletter. If has also attained 816. Trail stoploss to 796 for remaining long positions.TATA MOTORS – 296.80Overall trend is down. It is trading neat to support levels of 280-282. If closes below 280 on weeklybasis, 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 298than we may see bounce till 304. Also any dip to 290-291 levels need to be used to go long.TATA STEEL – 274.15Overall trend is down. It is trading near to mentioned support levels of 260. Long term investors canlook 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 – 2045.85Overall trend is down. We are expecting stock to remain sideways to turn bullish. Once it will closeabove 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 – 57.5250Overall trend is positive. We are expecting it to touch levels of 57.60-57.50 in coming days. Once itwill sustain below 57.65, we may see selling to get upper hand. Short positions need to bemaintained with stop at 58.58.Overall trend is positive. We mentioned that we are expecting that pair will come to 57.60-57.50levels and if sustain below 57.65, sellers will have upper hand and it made a low around 57.45. Lookfor booking profit around 57.20-57.25 levels keeping stop at 57.98.
  • 4. Monday, 17th June 2013  - www.shahadvisory.comFollow us on Twitter - @equityadvisoryShah Advisory – Daily Morning Newsletter +91 84600 32788  support@shahadvisory.comSave Trees. Do not Print. Read Disclaimer on our website4Stocks with Positive BreakoutStock Name Buying RangeHindalco 106Stocks with Negative BreakoutStock Name Selling Range- -NOTE –Red colour – Last View / update on the scripGreen colour – Current View / update on the scripYOU CAN ALSO VIEW THIS REPORT ON THE WEB-