Daily Newsletter - 01-08-2013

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Daily Newsletter - 01-08-2013

  1. 1. passSHAH ADVISORY 2013 Daily Morning Newsletter 01-08-2013 Vivek A. Shah W W W . S H A H A D V I S O R Y . C O M
  2. 2. Thursday, 01st August 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 – 19345.70 TREND / PERIOD DAILY WEEKLY MONTHLY DIRECTION UP UP UP Trend Change Level (Closing Basis) 19400 19300 17750 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. Overall trend is positive. Though trend may have turned weak but still we will consider overall trend positive as we mentioned that 19200 will be the support and market has just returned from around those levels. So till it is not closing below 19200, we will consider overall trend positive and short term trend down. Not resistance around 19450 and then 19700. 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 – 1034.55 Overall trend is down. As we mentioned, it has almost touched near to 1080 level as touched 1087. Not advising any trade now. Overall trend is down. Long term investors hold positions. Not advising for short term traders. ICICI BANK – 909.05 Overall trend is down. Hold short positions with stop at 960 and look for lower levels of 910-900-870 to book profits. Overall trend is down. It has attained target of 910-900 already. We are advising to come out from the position and book full profits. RELIANCE INDUSTRIES – 872.05 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. Overall trend is positive. Buy if sustain above 885. Go short below 856. TATA MOTORS – 290.05 Overall trend is positive. Long call stop triggered. Overall trend is positive. Not advising any trade.
  3. 3. Thursday, 01st August 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 – 215.70 Overall trend is down. No trade advised. Overall trend is down. Look for buying if comes to 206-207 levels. Alternatively buy if sustain above 218 with stop at 205. SBI – 1708.40 Overall trend is down. Our target for short call attained at 1720-1724 and we booked full profits. Overall trend is down. Go short if sustain below 1685 with stop at 1705. USDINR – SPOT – 60.40 Overall trend is positive. We booked full profits at 59.98. Overall trend is positive. Go short if sustain below 60.35.
  4. 4. Thursday, 01st August 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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