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Daily Newsletter - 18-06-2013
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Daily Newsletter - 18-06-2013

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  • 1. SHAH ADVISORY2013Daily MorningNewsletter18-06-2013Vivek A. ShahW W W . S H A H A D V I S O R Y . C O M
  • 2. Tuesday, 18th 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 – 19325.87TREND / 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 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.Overall trend is positive and daily trend is down. Weekly trend is positive but will turn down ifsustain below 18700.we are expecting levels of 19500 – 19600 in coming days as we alreadymentioned. For intraday trade we are expecting initial resistance around 19440 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 – 1316.05Overall trend is down. Those holding short positions need to exit if trades above 1320. We may seerise till 1350 if sustain above 1320.Overall trend is down. Our trailed stop loss triggered at 1320. We have already booked part profitaround 1280 levels. If it trades above 1323 than we may see good bounce in the stock.ICICI BANK – 1101.45Overall 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.Overall trend is down. Those who initiated buy at 1104 can hold long positions expecting higherlevels of 1114 – 1148 in coming days keeping stop at 1080.RELIANCE INDUSTRIES – 825.55Overall 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.Overall trend is down. It has touched near to our third target of 830 as made a high of 827. If sustainabove 830, hold long positions for higher levels of 844-850.
  • 3. Tuesday, 18th 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 – 299.45Overall 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.Overall trend is down. We advised buying around 290 – 291 and also on cross above 298. Those whobought around 290-291 got chance to book profit in intraday trade itself as got move around 2%.Those holding long positions can keep stop at 294 and look for higher levels of 303-304 to book 60%profit.TATA STEEL – 277.05Overall trend is down. If it sustain above 280, buy for intraday to short term trading.Overall trend is down. Buy if sustain above 280.SBI – 2065.80Overall trend is down. Above 2062, we may see rise till 2100 levels in the stock.Overall trend is down. We mentioned that above 2062, we may see rise to 2100. Hold long positions.USDINR – SPOT – 57.8650Overall 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.Overall trend is positive. We may see lower levels form the current levels of around 57.80. One maylook for adding to the shorts if it sustain below 57.65. Alternatively, if sustain above 58.10 than onlylook for long positions.
  • 4. Tuesday, 18th 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 RangeDabur 156.60M&M 1003RIL 830Ambuja Cem. 181Stocks 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-