Daily Newsletter -26-07-2013

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Daily Newsletter -26-07-2013

  1. 1. passSHAH ADVISORY 2013 Daily Morning Newsletter 26-07-2013 Vivek A. Shah W W W . S H A H A D V I S O R Y . C O M
  2. 2. Friday, 26th 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 – 19804.76 TREND / PERIOD DAILY WEEKLY MONTHLY DIRECTION UP UP UP Trend Change Level (Closing Basis) 19400 19300 17750 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. Overall trend is positive, but very short term trend may turn weak if trades below 19700. Below 19700, we may see level of 19400. S&P 500(USA) – 1685.94 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. Overall trend is positive. Once it closes below 1685, we may see lower levels in the index, so stay on sidelines till the trend gets clear. AXIS BANK – 1127.25 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. Overall trend is down. We may see good movement in the scrip in coming days. We are not expecting it to close below 1180 in this month and also not expecting it to fall below 1100 levels. Those who want to buy for short term can look for it around current levels. ICICI BANK – 934.85 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. Overall trend is down. It has made a low around 927 and we are expecting levels of around 910 in coming days. Hold remaining positions with stop at 960. RELIANCE INDUSTRIES – 890.75 Overall trend is positive. Hold short positions with stop at 930. Overall trend is positive. It has made a low around 885 and we initiated short positions around 898 so got good profit margin. Now anyone holding the positions needs to keep stop at 920. TATA MOTORS – 299.90 Overall trend is positive. Buy if trades above 302. Go short if trades below 293. Overall trend is positive. Hold long positions with stop at 293.
  3. 3. Friday, 26th 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 – 222.85 Overall trend is down. No trade advised. Overall trend is down. Long term investors need to buy around 210-220 zone as we have already mentioned. No sign of recovery for this scrip so not advising any positions on long side. SBI – 1798.15 Overall trend is down. Stop loss triggered for long positions in sbi. Overall trend is down. Go short if sustain below 1790. USDINR – SPOT – 59.10 Overall trend is positive. Stop loss triggered for long positions. Overall trend is positive. If sustain above 59.50 than look for buying. We are advising it to retest levels around 59.40-59.55. If not sustain around 59.50 and then falls below 59.30, go short.
  4. 4. Friday, 26th 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 Rallis India 159 JSW Energy 45.10 Stocks with Negative Breakout Stock Name Selling Range ITC 354 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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