SHAH ADVISORY2013Daily MorningNewsletter14-06-2013Vivek A. ShahW W W . S H A H A D V I S O R Y . C O M
Friday, 14th June 2013  - www.shahadvisory.comFollow us on Twitter - @equityadvisoryShah Advisory – Daily Morning Newslet...
Friday, 14th June 2013  - www.shahadvisory.comFollow us on Twitter - @equityadvisoryShah Advisory – Daily Morning Newslet...
Friday, 14th June 2013  - www.shahadvisory.comFollow us on Twitter - @equityadvisoryShah Advisory – Daily Morning Newslet...
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Daily Newsletter - 14-06-2013

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Daily Newsletter - 14-06-2013

  1. 1. SHAH ADVISORY2013Daily MorningNewsletter14-06-2013Vivek A. ShahW W W . S H A H A D V I S O R Y . C O M
  2. 2. Friday, 14th 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 – 18827.16TREND / PERIOD DAILY WEEKLY MONTHLYDIRECTION DOWN UP UPTrend Change Level(Closing Basis)19600 19300 17670Overall trend is positive but short term trend is down. Weekly trend is up but will turn down if closesand trades below 19300. We mentioned that below 19300, we may see levels of 19000-19050 andthe same is attained. Now any closing below 19000 will take it further down to 18600 levels but weare expecting some bounce from these levels at least to the level of 19300 initially.Overall 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.S&P 500(USA) – 1612.52Overall trend is down. We are expecting that index will find good resistance around 1648-1650 levelsand will stay below this level. Once 1600 is broken, it will try to touch 1560-1570 levels.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.AXIS BANK – 1270.65Overall trend is down. It has attained initial target of 1300 and made a low around 1266 near tosecond target of 1250. We are expecting it to find good support around 1250 levels. Keep stop lossat 1320 to hold short positions.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 higharound 1292. Hold short positions with stop at 1320.ICICI BANK – 1068.85Overall trend is down. We are expecting bounce in this scrip from current levels but buying isadvised only once it sustain above 1115. Support around 1030 levels.Overall trend is down. If sustains below 1062, we will see slide till 1030-1035 levels. Buying is advisedonly if it sustains above 1104.RELIANCE INDUSTRIES – 789.80Overall trend is down. Hold short positions with stop at 780 and look for booking part profit around804 levels. If sustain above 804-805 than we may see further rally in the stock till 816-830 levels.Overall trend is down. Hold long positions with stop at 780 and look for higher levels of 804-805 tobook part profit.
  3. 3. Friday, 14th 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 – 282.95Overall trend is down. We are expecting some bounce if it crosses 297 till 304.Overall 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.TATA STEEL – 266.15Overall trend is down. It is trading continuously down and we are expecting it to find some supportaround 260 levels. Look for positional to long term buying in the zone of 260-275.Overall 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.SBI – 2018.80Overall trend is down. Today it attained the target of 1975 and bounce from around the same level.Once it will sustain above 2030 on closing basis, we may see good bounce in the stock.Overall 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.USDINR – SPOT – 57.98Overall trend is positive. We mentioned that 58.05 is support and below it, it has gone down till57.73. We may see levels of 57.60-57.50 in coming days.Overall 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.
  4. 4. Friday, 14th 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 RangeLupin 751ABB 582Hexaware 78Grasim 2720NOTE –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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