SHAH ADVISORY2013Daily MorningNewsletter21-06-2013Vivek A. ShahW W W . S H A H A D V I S O R Y . C O M
Friday, 21st June 2013 - www.shahadvisory.comFollow us on Twitter - @equityadvisoryShah Advisory – Daily Morning Newsletter +91 84600 32788 email@example.comSave Trees. Do not Print. Read Disclaimer on our website2BSE Sensex – 18719.29TREND / PERIOD DAILY WEEKLY MONTHLYDIRECTION DOWN DOWN UPTrend Change Level(Closing Basis)19550 19300 17750Overall trend is positive and daily trend is down. Look for buying only above 19410. On the lowerside, it will find support around 19050.Overall trend is down on daily and weekly basis as on weekly chart it has gone below 18700 levels.We may see levels of around 18520 now and if sustain below it than 18100.S&P 500(USA) – 1628.93Overall trend is down but will turn positive above 1656. Those who have initiated longs above 1650can keep stop at 1635.Overall trend is down. We mentioned that trend will turn positive only above 1656. Our buy call stoptriggered at 1636. It has support around 1600-1610 zones and below it, we may see levels of 1577 -1571 initially. We are expecting index to take support around these levels. If sustaining below theselevels on closing basis, than the more down side can be seen till the levels of 1550-1520 in comingweeks.AXIS BANK – 1239.80Overall trend is down. We mentioned that it has support around 1265-1270 levels and just bouncedfrom 1267 levels to close around 1285. Look for buying if trades above 1290. Add to the longs ifsustain above 1310. On the lower side support around 1260.Overall trend is down. It has broken the support of 1260 and went to around 1232 levels. We maysee levels of around 1200 in the stock.ICICI BANK – 1046.15Overall trend is down. Buy if sustains above 1105. Add to the longs if sustain above 1115.Overall trend is down. We are expecting levels of 1024-1005 in the stock. Long term investors maylook this range to buy 60% quantity this time.RELIANCE INDUSTRIES – 798Overall trend is positive. Hold long with stop at 820 and look for the higher levels of 850 to bookprofits.Overall trend will turn down below 792. Our trailed stop triggered at 820. Again we may see levels of780 – 768 if falls below 792.
Friday, 21st June 2013 - www.shahadvisory.comFollow us on Twitter - @equityadvisoryShah Advisory – Daily Morning Newsletter +91 84600 32788 firstname.lastname@example.orgSave Trees. Do not Print. Read Disclaimer on our website3TATA MOTORS – 288.75Overall trend is down. Look for buying above 300. On the lower side it has support around 288.Overall trend is down. Again it is coming near to the support area of 280-282. Any weekly closebelow this level will take it to 260-264 levels.TATA STEEL – 272.55Overall trend is down. Our mentioned target of 292 attained so booked full profit.Overall trend is down. Below 270, we may see levels of 265-258.SBI – 1997.55Overall trend is down. Trailing stop loss triggered for long positions. Look for buying if sustain above2060.Overall trend is down. It will find support around 1965 levels.USDINR – SPOT – 59.56Overall trend is positive. It has attained all of the mentioned targets so booked 60-70% positions.Now hold remaining positions with stop at 58.62.Overall trend is positive. We advised to book profit during live market for remaining positionsaround 59.87 levels. 60.07 looks to be very important resistance and we are not expecting it to crossthis level on closing basis, before giving some retracement to some lower levels that we will discusslater.
Friday, 21st June 2013 - www.shahadvisory.comFollow us on Twitter - @equityadvisoryShah Advisory – Daily Morning Newsletter +91 84600 32788 email@example.comSave Trees. Do not Print. Read Disclaimer on our website4Stocks with Positive BreakoutStock Name Buying Range- -Stocks 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-