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Daily Newsletter -19-07-2013
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Daily Newsletter -19-07-2013

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    Daily Newsletter -19-07-2013 Daily Newsletter -19-07-2013 Document Transcript

    • passSHAH ADVISORY 2013 Daily Morning Newsletter 19-07-2013 Vivek A. Shah W W W . S H A H A D V I S O R Y . C O M
    • Friday, 19th 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 – 20128.41 TREND / PERIOD DAILY WEEKLY MONTHLY DIRECTION UP UP UP Trend Change Level (Closing Basis) 19300 19300 17750 Overall trend is positive. Hold long positions with stop at 19750 and we may see rise till 20050- 20100. Overall trend is positive. Hold long positions and we may see more upside once the index trades and sustain above 20200. It will fins support around 19900. S&P 500(USA) – 1680.91 Overall trend is positive. Hold long positions with stop at 1660. Overall trend is positive. Hold long with stop at 1670 and look for higher levels of 1695-1700 to book full profits. We have already exited half quantity around 1670-1675 levels. AXIS BANK – 1238.20 Overall trend is down. If it trades below 1175, than go short for initial target around 1152-1140. Overall trend is down. On the higher side, 1256 will act as a resistance. Closing basis if sustain above it than we may see change in a trend. ICICI BANK – 984.45 Overall trend is down. Look for buying if sustain above 1006. If not sustain at current levels and falls below 970-965, we may see levels of 920 in coming days. Overall trend is down. Buy if sustain above 1004. Any short positions need to be held with stop at 1004. RELIANCE INDUSTRIES – 917.25 Overall trend is positive. It has attained second target of 912 and made a high around 918. Those holding longs need to trail stop to 898 and book profit around 920-925. Overall trend is positive. It has almost attained 920 levels. Those who want to hold positions need to keep trailing stop at 908. TATA MOTORS – 286.90 Overall trend is down. Go short below 281.80. Overall trend is down. Those holding short positions may keep stop at 293.
    • Friday, 19th 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 STEEL – 244.70 Overall trend is down. Only risky trades may look for buying if sustain above 248-249 with stop at 244. Overall trend is down. Buy if sustain above 249. SBI – 1824.25 Overall trend is down. Risky trader may look for buying if sustain above 1824 for initial target of 1840-1850 with stop at 1800. Overall trend is down. Those holding long positions may keep stop at 1800 to hold positions. If sustain above 1845, we may see more upside in the stock. USDINR – SPOT – 59.8225 Overall trend is positive. Buy if sustain above 59.70. Alternatively look for selling if trades below 59.18. Overall trend is positive. Hold long positions with stop at 59.60 and expect higher levels of 59.90-60 to book part profits.
    • Friday, 19th 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-