Daily Newsletter - 03-07-2013

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Daily Newsletter - 03-07-2013

  1. 1. SHAH ADVISORY 2013 Daily Morning Newsletter 03-07-2013 Vivek A. Shah W W W . S H A H A D V I S O R Y . C O M
  2. 2. Wednesday, 03rd 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 – 19463.82 TREND / PERIOD DAILY WEEKLY MONTHLY DIRECTION UP UP UP Trend Change Level (Closing Basis) 19360 19300 17750 Overall trend is positive. We may see levels of 19700-19800 in coming days. On the lower side, it has important support around 19300 levels. Overall trend is positive. On the lower side, it has support around 19300 levels. Short term traders may look for entering long positions around this level. S&P 500(USA) – 1614.96 Overall trend is down. It has just touched the stop loss level of 1620 and returned. So, those who have exited the position should stay away else hold with same stop loss or keep it to 1621. Overall trend is down. It has triggered our stop loss so exited short positions. On the lower side, 1608 is good support level. If closes below this and sustain below this on closing basis, we may see lower levels of 1600-1590 initially. AXIS BANK – 1308.50 Overall trend is down but will turn positive once it starts trading above 1360. Anyone who is holding long positions are advised to book profit around 1370 levels. On the lower side, it has support around 1310 levels. Overall trend is down. If the stock trades below 1300, we may see lower levels around 1287 – 1280. ICICI BANK – 1079.10 Overall trend is down. If sustain above 1078, we may see rise till 1100 – 1110 in coming days. On the lower side, it has support around 1046 levels. Overall trend is down. Those who are holding longs need to keep stop at 1061. We may see levels of 1100-1110 in coming days. RELIANCE INDUSTRIES – 871.85 Overall trend is positive. We may see levels of 899 in coming days. On the lower side, it has support at 863. Overall trend is positive. It has good support at 862 – 863 levels. If sustain above 884, we may see levels of 899. Alternatively, if sustain below 862, we may see levels of 853 – 846.
  3. 3. Wednesday, 03rd 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 MOTORS – 286.45 Overall trend is down. It attained our profit booking levels as attained 288 levels, so booked full profits. Overall trend is down. If it comes to 280 levels, look for entering long positions keeping stop at 277. TATA STEEL – 281.95 Overall trend is down. We mentioned, if sustain above 275, levels of 280 is possible and made a high around 282. Those who are holding longs may expect levels of 290 in coming days. So those who can hold need to keep stop at 277. Overall trend is down. Hold long positions with stop at 278. SBI – 1989.90 Overall trend is down. Very strong resistance is around 2045 levels. We advised to buy around 1950 and attained mentioned targets of 2000. Look for booking full profits around 2040 levels keeping stop at 1970. Overall trend is down. Those, holding long positions may keep stop at 1970. If sustain below 1965, we may see lower levels. USDINR – SPOT – 59.66 Overall trend is down. If it sustain above 59.58, we are advising to exit short positions and look for entering long positions. Overall trend is down. Hold long positions with stop at 59.25. We may see higher levels of 59.85 initially, than 60.
  4. 4. Wednesday, 03rd 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 Bajaj FinServ 672-672.50 ICICI Bank 1086 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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