Daily Newsletter - 27-06-2013

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  • 1. SHAH ADVISORY2013Daily MorningNewsletter27-06-2013Vivek A. ShahW W W . S H A H A D V I S O R Y . C O M
  • 2. Thursday, 27th June 2013  - www.shahadvisory.comFollow us on Twitter - @equityadvisoryShah Advisory – Daily Morning Newsletter +91 84600 32788  support@shahadvisory.comSave Trees. Do not Print. Read Disclaimer on our website2BSE Sensex – 18552.12TREND / PERIOD DAILY WEEKLY MONTHLYDIRECTION DOWN DOWN UPTrend Change Level(Closing Basis)19400 19300 17750Overall trend is down. It has already attained level of 18520 but now it is trying to stay above that.We mentioned that if it sustain above 18800 than only some positive momentum may come in tothe markets but it returned from the same level to close at 18629. Now if it sustain above 18800, wemay see positive momentum till 18900 – 19000 levels. Alternatively if goes below 18540, we maybreak the previous low and will look for possible lower levels around 18100.Overall trend is down. We are expecting index to close below 18500 levels now and will probably seelevels of 18100 in coming days. Only if sustain above 18800 positive momentum will be seen, elsedowntrend will remain continue.S&P 500(USA) – 1588.03Overall trend is down. We are expecting levels of 1540-1545 in coming days. On the higher side, ifthe index comes near to 1590-1595 levels, than go short with stop at 1620.Overall trend is down. Those holding short positions initiated around 1590-1595 levels can hold withstop at 1620.AXIS BANK – 1248.40Overall trend is down. It has almost attained the mentioned level of 1200 as made a low around1207. We have also advised in live market to buy this stock around 1195-1210 zone for long terminvesting with more than 2 years time. For short term, we will turn bullish only if it sustain above1266.Overall trend is down. We mentioned that only if sustain above 1266 than we will look for buyingand it turned from 1264 levels to close at 1248.40. Keep watch on 1266 levels. Alternatively ifsustain below 1238 than we may see lower levels as attained earlier of around 1210-1200.ICICI BANK – 1026.15Overall trend is down. Stock is not showing any positive momentum. We may see levels of 1005 incoming days. Only above 1068, we will look for long entry.Overall trend is down. Now the stock is trading near to upper band of support. It has support in therange of 1005-1024. If sustain above 1050, go long in the stock.RELIANCE INDUSTRIES – 803.60Overall trend is down. We mentioned that above 796, we may see levels of 810-812 and attained allthe levels so booked full profit. Now, if it trades above 821, go long for possible higher levels of 832 –835 – 845.Overall trend is down. If sustain above 819 than go long, alternatively if comes near to 790 levelsthan also buy for short term gain with stop at 777.
  • 3. Thursday, 27th June 2013  - www.shahadvisory.comFollow us on Twitter - @equityadvisoryShah Advisory – Daily Morning Newsletter +91 84600 32788  support@shahadvisory.comSave Trees. Do not Print. Read Disclaimer on our website3TATA MOTORS – 272.65Overall trend is down. We advised going short below 279.50 and advised to book 60-70% profitaround 272 levels. For the remaining positions, stop loss triggered at 278.Overall trend is down. The stock is now trading near to very important medium term support at 270-272 levels. Any weekly close below this level will take stock to lower levels of 255 initially. Look forbuying only if sustain above 282.TATA STEEL – 264.60Overall trend is down. Those holding short positions can keep stop at 270.Overall trend is down. Those holding shorts can keep stop at 270 and look for lower levels of 258-255 to book full profits.SBI – 1900.05Overall trend is down. We mentioned that we are expecting levels of 1825-1850 in coming days.Today it made a low around 1901. Look for the given levels to enter long positions.Overall trend is down. Not getting any sign of bounce in the chart. If sustain above 1940, than buyfor bounce. Also keep watch on mentioned levels of 1825-1850 for long term entry in to the stock.USDINR – SPOT – 60.71Overall trend is positive. Buy only if sustain above 59.88. Those holding longs can keep stop at 59.40.Below 59.40, we may see lower levels of 59.05 – 58.75.Overall trend is down. We mentioned to buy if sustain above 59.88 and booked 50% profit at 60.55levels. Now trail stop to 60.30 for the remaining positions and higher levels of around 60.90 is to beused to book profits.
  • 4. Thursday, 27th June 2013  - www.shahadvisory.comFollow us on Twitter - @equityadvisoryShah Advisory – Daily Morning Newsletter +91 84600 32788  support@shahadvisory.comSave Trees. Do not Print. Read Disclaimer on our website4Stocks with Positive BreakoutStock Name Buying Range- -Stocks with Negative BreakoutStock Name Selling RangeIDEA 135Indusind Bank 450RCom 114Lupin 754NOTE –Red colour – Last View / update on the scripGreen colour – Current View / update on the scripYOU CAN ALSO VIEW THIS REPORT ON THE WEB-