passSHAH ADVISORY
2013
Daily Morning
Newsletter
31-07-2013
Vivek A. Shah
W W W . S H A H A D V I S O R Y . C O M
Wednesday, 31st July 2013  - www.shahadvisory.com
Follow us on Twitter - @equityadvisory
Shah Advisory – Daily Morning Ne...
Wednesday, 31st July 2013  - www.shahadvisory.com
Follow us on Twitter - @equityadvisory
Shah Advisory – Daily Morning Ne...
Wednesday, 31st July 2013  - www.shahadvisory.com
Follow us on Twitter - @equityadvisory
Shah Advisory – Daily Morning Ne...
Upcoming SlideShare
Loading in …5
×

Daily Newsletter - 31-07-2013

140 views
124 views

Published on

Published in: Economy & Finance, Business
0 Comments
0 Likes
Statistics
Notes
  • Be the first to comment

  • Be the first to like this

No Downloads
Views
Total views
140
On SlideShare
0
From Embeds
0
Number of Embeds
0
Actions
Shares
0
Downloads
2
Comments
0
Likes
0
Embeds 0
No embeds

No notes for slide

Daily Newsletter - 31-07-2013

  1. 1. passSHAH ADVISORY 2013 Daily Morning Newsletter 31-07-2013 Vivek A. Shah W W W . S H A H A D V I S O R Y . C O M
  2. 2. Wednesday, 31st 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 – 19348.34 TREND / PERIOD DAILY WEEKLY MONTHLY DIRECTION UP UP UP Trend Change Level (Closing Basis) 19400 19300 17750 Overall trend is positive. As we said, we are expecting levels of 19400-19450 on the index. Overall trend is positive. Again the trend will turn down if sustain below 19200. It looks like index will find support around 19300-19200 levels. S&P 500(USA) – 1685.96 Overall trend is positive. We are not initiating any fresh trade now. Overall trend is positive. We may look for going short below 1678. AXIS BANK – 1093 Overall trend is down. We may see levels of 1080 in coming days. Overall trend is down. As we mentioned, it has almost touched near to 1080 level as touched 1087. Not advising any trade now. ICICI BANK – 926.05 Overall trend is down. Hold short positions with stop at 960. For intraday we may see some rise if the stock holds 918 level. Below 918, again we may see down fall in the stock. Overall trend is down. Hold short positions with stop at 960 and look for lower levels of 910-900-870 to book profits. RELIANCE INDUSTRIES – 857.35 Overall trend is positive. Very short term trend will turn down below 875. Intraday some rise to 899- 900 is possible which needs to be used to go short with stop at 905. Overall trend is positive but as we said short term trend is down and overall trend will also turn down if sustain below 850. We have booked short positions around 862-864 levels. TATA MOTORS – 284.90 Overall trend is positive. Very short term traders may buy around current levels of 296-297 with stop at 292 for possible upside till 303-306. Overall trend is positive. Long call stop triggered.
  3. 3. Wednesday, 31st 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 – 209.40 Overall trend is down. If it manages to close above 220, than we may see some upside in coming days. Overall trend is down. Not trade advised. SBI – 1723.30 Overall trend is down. Hold short position with stop at 1780. Look for booking profit in remaining quantity around 1720 levels. Overall trend is down. Our target for short call attained at 1720-1724 and we booked full profits. USDINR – SPOT – 60.48 Overall trend is positive. We advised going long above 59.35. Now hold position with stop at 59.22 and look for higher levels of 59.70-59.78 to book 70% profit. Overall trend is positive. We booked full profits at 59.98.
  4. 4. Wednesday, 31st 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-

×