Daily Newsletter - 19-06-2013
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  • 1. SHAH ADVISORY2013Daily MorningNewsletter19-06-2013Vivek A. ShahW W W . S H A H A D V I S O R Y . C O M
  • 2. Wednesday, 19th 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 – 19223.28TREND / PERIOD DAILY WEEKLY MONTHLYDIRECTION DOWN UP UPTrend Change Level(Closing Basis)19600 19300 (Down below18700)17750Overall 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.Overall trend is positive but daily trend is down. Market tried to go up further but not managed todo so and finally close lower. Very near term support at 19030-19050 levels. If trades below 19170than it may do till 19000-19050 levels as mentioned. On the higher side, if trades above 19400 thanit will touch 19500 – 19600 levels in coming days. We are advising to add long positions if it comes to19050 levels for very short term traders keeping stop at 18940.S&P 500(USA) – 1639.04Overall 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.Overall trend is down. Buying is only advised if sustain above 1650. We also mentioned that it willface resistance around 1642-1645 zone and just turned from the same level.AXIS BANK – 1286.60Overall 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.Overall trend is down. Overall support around 1270 levels and likely to take support around the1265-1270 levels. On sustenance above 1223, we may see good bounce in the stock.ICICI BANK – 1090.95Overall 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.Overall trend is down. Look for buying if sustain above 1104, and also on deep around 1065 levels. ifit sustain below 1085, we may see lower levels around 1065.RELIANCE INDUSTRIES – 823.40Overall 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.Overall trend has turned positive. Those who are holding long positions can keep stop at 811.
  • 3. Wednesday, 19th 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 – 297.60Overall 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.Overall trend is down. Our trailed stop loss triggered at 294, though we got chance yesterday tobook part profit around 298-300 levels. if it sustains above 300 on closing basis, than we may seegood bounce in the stock.TATA STEEL – 285.10Overall trend is down. Buy if sustain above 280.Overall trend is down. We advised to buy if sustain above 280 and it made a high around 288 thusgetting around 3% returns in intraday trade itself. Those who are holding longs can keep stop at 277and look for the higher levels of 292 to book full profits.SBI – 2043.60Overall trend is down. We mentioned that above 2062, we may see rise to 2100. Hold long positions.Overall trend is down. Hold long positions with stop at 2030.USDINR – SPOT – 58.79Overall 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.Overall trend is positive. Our short side position exited at opening as opened above 58.10. Also weadvised to buy if sustain above 58.10, so holding the positions with good gain if not booked. We alsoupdated status on the call on twitter and Google Plus that we are expecting levels of 58.55 – 58.80 –58.90. It has attained target of 58.80 already. Now hold the positions with stop at 58.35. Also we areadvising to book 60% profit at this point if not booked.
  • 4. Wednesday, 19th 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 RangeAB Nuvo 1095Cadila HC 784Finan Tech. 824Stocks with Negative BreakoutStock Name Selling RangeDR Reddy 2140NOTE –Red colour – Last View / update on the scripGreen colour – Current View / update on the scripYOU CAN ALSO VIEW THIS REPORT ON THE WEB-