Daily Newsletter -25-07-2013

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Daily Newsletter -25-07-2013

  1. 1. passSHAH ADVISORY 2013 Daily Morning Newsletter 25-07-2013 Vivek A. Shah W W W . S H A H A D V I S O R Y . C O M
  2. 2. Thursday, 25th 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 – 20090.68 TREND / PERIOD DAILY WEEKLY MONTHLY DIRECTION UP UP UP Trend Change Level (Closing Basis) 19400 19300 17750 Overall trend is positive. As we mentioned, levels of 20350 attained. Those holding longs need to book profit around 20350-20400 levels as we have already recommended. Hold long positions, if not booked, with stop at 20000. We may see higher levels of 20400-20450 in coming days. Once the index closes below 20300, we may see some profit booking. Overall trend is positive. It has found support around 20000 levels as mentioned. Not trading near to very important support and any sustained move below this level will turn very short term trend down. If sustain than we may see some bounce in the index till 20350. S&P 500(USA) – 1692.39 Overall trend is positive. Our target has attained so booked full profit and exited from the position. Overall trend is positive. We may see some lower levels in the index or sideways trading but will not initiate any fresh trade as of now. AXIS BANK – 1125.15 Overall trend is down. Those holding long positions need to keep stop at 1171. Overall trend is down. Stop loss for long position triggered. We are not expecting this scrip to close below 1180 in this month and expecting it to bounce above 1180 before this month end. ICICI BANK – 951.80 Overall trend is down. Once it trades above 995, exit from short positions. If sustain below 982, we may see lower levels. Also if sustain above 995 than look for buying. Overall trend is down. It has given good profit in short position we were holding. We advised to book profit now, if not booked. Those who want to hold positions need to keep stop at 970. RELIANCE INDUSTRIES – 909.35 Overall trend is positive. If sustain below 905, look for going short. Overall trend is positive. Hold short positions with stop at 930. TATA MOTORS – 297.30 Overall trend is positive. Buy if trades above 302. Overall trend is positive. Buy if trades above 302. Go short if trades below 293.
  3. 3. Thursday, 25th 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 – 239.60 Overall trend is down. Only risky traders may buy if trades above 237. Overall trend is down. No trade advised. SBI – 1801.25 Overall trend is down. Hold long positions with stop at 1820 and look for higher levels of 1880-1900 to book profits. Overall trend is down. Stop loss triggered for long positions in sbi. USDINR – SPOT – 59.13 Overall trend is positive. Hold long positions with stop at 59.50 and look for higher levels of 60-60.20 to book profit. Overall trend is positive. Stop loss triggered for long positions.
  4. 4. Thursday, 25th 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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