Daily Newsletter - 02-08-2013

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Daily Newsletter - 02-08-2013

  1. 1. passSHAH ADVISORY 2013 Daily Morning Newsletter 02-08-2013 Vivek A. Shah W W W . S H A H A D V I S O R Y . C O M
  2. 2. Friday, 02nd 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 – 19317.19 TREND / PERIOD DAILY WEEKLY MONTHLY DIRECTION UP UP UP Trend Change Level (Closing Basis) 19500 19300 17750 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. Overall trend is positive. We will consider overall trend to be weak once it closes below 19200. If sustain below 19300 than one may look for shorting opportunity. Buying advisable only if sustain above 19600. S&P 500(USA) – 1685.73 Overall trend is positive. We may look for going short below 1678. Overall trend is positive. Go short below 1678. AXIS BANK – 1085.80 Overall trend is down. Long term investors hold positions. Not advising for short term traders. Overall trend is down. Buy if sustain above 1100. ICICI BANK – 914.20 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. Overall trend is down. If sustain above 920 than rise till 940 is possible but we are not advising to buy. Alternatively go short if sustain below 890. RELIANCE INDUSTRIES – 850 Overall trend is positive. Buy if sustain above 885. Go short below 856. Overall trend is positive. Hold short positions with stop at 882. TATA MOTORS – 288.95 Overall trend is positive. Not advising any trade. Overall trend is positive. Buy if sustain above 294.
  3. 3. Friday, 02nd 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 – 210.15s Overall trend is down. Look for buying if comes to 206-207 levels. Alternatively buy if sustain above 218 with stop at 205. Overall trend is down. Hold long positions with stop at 205. SBI – 1683.20 Overall trend is down. Go short if sustain below 1685 with stop at 1705. Overall trend is down. Hold short positions if profit not booked intraday. Keep stop at 1705 and look for lower levels of 1665-1652 to book profits. USDINR – SPOT – 60.46 Overall trend is positive. Go short if sustain below 60.35. Overall trend is positive. We advised to go short if sustain below 60.35. Those who are holding short may keep stop at 61.11. If sustain above 61.11 than buying is also advisable.
  4. 4. Friday, 02nd 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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