passSHAH ADVISORY
2013
Daily Morning
Newsletter
23-07-2013
Vivek A. Shah
W W W . S H A H A D V I S O R Y . C O M
Tuesday, 23rd July 2013  - www.shahadvisory.com
Follow us on Twitter - @equityadvisory
Shah Advisory – Daily Morning News...
Tuesday, 23rd July 2013  - www.shahadvisory.com
Follow us on Twitter - @equityadvisory
Shah Advisory – Daily Morning News...
Tuesday, 23rd July 2013  - www.shahadvisory.com
Follow us on Twitter - @equityadvisory
Shah Advisory – Daily Morning News...
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Daily Newsletter -23-07-2013

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Daily Newsletter -23-07-2013

  1. 1. passSHAH ADVISORY 2013 Daily Morning Newsletter 23-07-2013 Vivek A. Shah W W W . S H A H A D V I S O R Y . C O M
  2. 2. Tuesday, 23rd 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 – 20159.12 TREND / PERIOD DAILY WEEKLY MONTHLY DIRECTION UP UP UP Trend Change Level (Closing Basis) 19350 19300 17750 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. Overall trend is positive. Hold to the long positions and we may see some more upside till 20350- 20400. But we are not advising to initiate fresh long positions now and also we advise to look for booking profit from current levels to 20350 levels. For long positions, keep stop at 19950. If sustain below it than exit as well as look for shorting. S&P 500(USA) – 1692.09 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. Overall trend is positive. Look for booking full profit around 1695-1700 levels. We are not expecting this rally to sustain above 1702 levels closing basis. AXIS BANK – 1200.10 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. Overall trend is down. Overall resistance is at 1256. Buy if sustain above 1211 for very short term perspective with stop at 1171. Alternatively, if sustain below 1171, than go short. ICICI BANK – 974.45 Overall trend is down. Buy if sustain above 1004. Any short positions need to be held with stop at 1004. Overall trend is down. Hold short positions with stop at 995. RELIANCE INDUSTRIES – 909.05 Overall trend is positive. It has almost attained 920 levels. Those who want to hold positions need to keep trailing stop at 908. Overall trend is positive. It has attained the target of 920-925 as recommended by us, so booked full profit and exited form the positions. If sustain below 898 than go short with stop at 915. TATA MOTORS – 297.85 Overall trend is down. Those holding short positions may keep stop at 293. Overall trend is positive but we may see resistance around 299-300 levels. Any close above that level will make it good buying opportunity.
  3. 3. Tuesday, 23rd 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 – 233.80 Overall trend is down. Buy if sustain above 249. Overall trend is down. Long term investors, we have already bought few quantities around 265-275 zone. Now look for levels of 210-220 to buy, if comes. Short term traders may buy if sustain above 243. SBI – 1824.70 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. Overall trend is down. Our stop loss at 1800 triggered so exited from the position. Buy if it sustain above 1841. Go short if sustain below 1810. USDINR – SPOT – 59.73 Overall trend is positive. Hold long positions with stop at 59.60 and expect higher levels of 59.90-60 to book part profits. Overall trend is positive. Long position stop triggered. Look for buying if trades above 59.75 with stop at 59.50.
  4. 4. Tuesday, 23rd 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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