passSHAH ADVISORY
2013
Daily Morning
Newsletter
17-07-2013
Vivek A. Shah
W W W . S H A H A D V I S O R Y . C O M
Wednesday, 17th July 2013  - www.shahadvisory.com
Follow us on Twitter - @equityadvisory
Shah Advisory – Daily Morning Ne...
Wednesday, 17th July 2013  - www.shahadvisory.com
Follow us on Twitter - @equityadvisory
Shah Advisory – Daily Morning Ne...
Wednesday, 17th July 2013  - www.shahadvisory.com
Follow us on Twitter - @equityadvisory
Shah Advisory – Daily Morning Ne...
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Daily Newsletter -17-07-2013

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Daily Newsletter -17-07-2013

  1. 1. passSHAH ADVISORY 2013 Daily Morning Newsletter 17-07-2013 Vivek A. Shah W W W . S H A H A D V I S O R Y . C O M
  2. 2. Wednesday, 17th July 2013  - www.shahadvisory.com Follow us on Twitter - @equityadvisory Shah Advisory – Daily Morning Newsletter  +91 84600 32788  support@shahadvisory.com Save Trees. Do not Print. Read Disclaimer on our website 2 BSE Sensex – 19851.23 TREND / PERIOD DAILY WEEKLY MONTHLY DIRECTION UP UP UP Trend Change Level (Closing Basis) 19300 19300 17750 Overall trend is positive. In our last report, we mentioned that we are expecting 19700-19800 levels and it attained all those levels. Uptrend may get pace if trades above 20100 and sustain above it. One may also look for adding long positions if sustain above 20100. On the lower side, it will find support around 19800. Overall trend is positive. We mentioned that if sustain above 20100 than we may get some more pace for this up movement. It did not trades above it and come to the support mentioned by us of around 19800. Now we may see some resistance around 20100 levels. If trades above it, than only add to the long positions. Alternatively below index will find support around 19485. For intraday, long positions can be initiated if trades above 19900. S&P 500(USA) – 1682.50 Overall trend is positive. We advised to buy if sustain above 1646 and now around 1680 levels. Book 50% positions and trail stop at 1646. Overall trend is positive. Hold remaining positions with stop at 1653. AXIS BANK – 1230.85 Overall trend is down but will turn positive if trades above 1318. Buying can be initiated if trades above 1318. Overall trend is down. No trade is advised as of now. ICICI BANK – 1003.45 Overall trend is down. Those holding long positions may keep stop at 1050 and look for the higher levels of 1070 to book 50% profits. Overall trend is down. Stop loss triggered for long positions. No new trade advised now. Long term investors may look for entering the stock around current levels with 40% of total quantities. RELIANCE INDUSTRIES – 900.60 Overall trend is positive. We advised to buy above 880 and almost attained target 1 of 900. We may see levels of 912-920 in coming days and look for booking full profits around that level. Overall trend is positive. Hold long positions with stop at 878 and look for the higher levels of 912 – 920 to book full profits.
  3. 3. Wednesday, 17th July 2013  - www.shahadvisory.com Follow us on Twitter - @equityadvisory Shah Advisory – Daily Morning Newsletter  +91 84600 32788  support@shahadvisory.com Save Trees. Do not Print. Read Disclaimer on our website 3 TATA MOTORS – 291.55 Overall trend is down. We initiated short position around 294 and booked part profit today around 288 levels. Hold remaining positions with stop at 294 and look for booking full profits around 283 levels. Overall trend is down. We booked full profits around 283 levels as we advised. Now we have exited from the position. TATA STEEL – 251.60 Overall trend is down. Those holding short positions below 259 are advised to book profits if not booked around 253 levels. Overall trend is down. We booked full profits around 253 levels. SBI – 1827.65 Overall trend is down. Those holding long positions may keep stop at 1890. Those who have not initiated long positions may look for initiating long positions if sustain above 1925. Overall trend is down. Our stop loss triggered for long positions. USDINR – SPOT – 59.31 Overall trend is positive. We advised to go short if trades below 60 and in subsequent days, it made a low around 59.32. Those who are holding shorts may keep stop at 60.25. If sustain above 60.25 than exit and may consider buy position. On the lower side, look for booking profits around 59.60. Overall trend is positive. We booked full profits in short positions around 59.30 – 59.35 zone. We may see levels of 58.70 in coming days. Loon for buying only if sustain above 59.70.
  4. 4. Wednesday, 17th July 2013  - www.shahadvisory.com Follow us on Twitter - @equityadvisory Shah Advisory – Daily Morning Newsletter  +91 84600 32788  support@shahadvisory.com Save Trees. Do not Print. Read Disclaimer on our website 4 Stocks with Positive Breakout Stock Name Buying Range - - 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 YOU CAN ALSO VIEW THIS REPORT ON THE WEB-

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