Daily Newsletter - 12-06-2013

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Daily Newsletter - 12-06-2013

  1. 1. SHAH ADVISORY2013Daily MorningNewsletter12-06-2013Vivek A. ShahW W W . S H A H A D V I S O R Y . C O M
  2. 2. Wednesday, 12th 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 – 19143TREND / PERIOD DAILY WEEKLY MONTHLYDIRECTION DOWN UP UPTrend Change Level(Closing Basis)19800 19300 17670Overall trend is positive but short term trend is down. Short to medium term traders can buy somequantities around 19300-19320 levels and if comes to 19000-19050 levels, than add some morequantities. Market is not able to get close above 19570 levels and is continuously trading below it,we may see levels of 19300 initially and than 19000 as we have already mentioned.Overall trend is positive but short term trend is down. We mentioned that we may see the levels of19300 and 19000 in coming days. It made a low around 19121. We are expecting levels of 19000-19050 in coming days from where, we may see some bounce in the index or spend some timearound the same level. If not able to sustain at 19000 levels on closing basis, than next immediatesupport will be around 18600.S&P 500(USA) – 1642.81Overall trend is down and will turn positive if trades above 1648. As we mentioned, it has supportaround 1600 levels and it turned from the same level. Look for going long if trades above 1648-1650levels.Overall trend is down. It has just touched the levels we mentioned of 1648. Still not confirmed theuptrend, so if trades above 1648-1649, than we may considered trend positive.AXIS BANK – 1322.70Overall trend is down. If it gets weekly close below 1370, than we may see much lower levels in thestock possibly till 1310-1250-1220.Overall trend is down. We mentioned that weekly close below 1370 will take stock to 1300-1250-1220. It is trading near to initial target though it has not closed below 1370 on weekly basis.ICICI BANK – 1076.50Overall trend is down. If it sustain above 1135 than we may see some bounce in the stock otherwiselower levels of 1094 can be attained.Overall trend is down. It has attained out mentioned level of 1094. Now, on the higher side, it willface resistance around 1117 levels and has support around 1030. We are expecting it to get somebounce from these levels.RELIANCE INDUSTRIES – 785.60Overall trend is down. Those who have entered long positions at levels of around 780-785 may keepstop at 770 and hold the positions.Overall trend is down. Hold long positions with stop at 770.
  3. 3. Wednesday, 12th 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 website3TATA MOTORS – 293.15Overall trend will turn down once it trades below 291. We advised shorting and our final target of294 also attained, so booked full profits.Overall trend is down. It has support around 282-283 levels.TATA STEEL – 281.20Overall trend is down. It is not sustaining at any higher levels and has broken the earlier low of 290.Any weekly close below 290-288 will take stock to much lower levels of 250-255.Overall trend is down. Keep watch on weekly close of 290. We mentioned that 250-255 possible incoming days.SBI – 1997.50Overall trend is down. If it sustains below 1996, go short foe expected lower levels of 1975 initially. Ifsustain above 2072 than look for buying.Overall trend is down. It has just fall short of target of 1975 as made a low around 1982. Anyoneholding short positions can keep stop at 2015.USDINR – SPOT – 58.39Overall trend is positive. It has attained our final target of 57.30 and went to 58. It is trading at alltime high levels and 58.05 is immediate target or resistance. If it is sustaining above 58.05 on closingbasis, than we may see levels of 58.80-58.90 in coming days. We are advising to trail stop loss to57.60. If it sustains below 57.60 than also look for shorting otherwise hold longs with stop at 57.60.If anyone has not booked profit, than we are advising to book 60% profit at current levels.Overall trend is positive. We mentioned that above 58.05 we are expecting levels of 58.89 and thetarget attained in a single day so booked full profits. Overall support around 58.05 levels and we maysee some dip to 58.05 levels in coming days. We will initiate long again only if it starts trading above58.85.
  4. 4. Wednesday, 12th 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 Range- -Stocks with Negative BreakoutStock Name Selling RangeR.Com 100NOTE –Red colour – Last View / update on the scripGreen colour – Current View / update on the scripYOU CAN ALSO VIEW THIS REPORT ON THE WEB-

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