Daily Newsletter - 05-07-2013

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Daily Newsletter - 05-07-2013

  1. 1. SHAH ADVISORY 2013 Daily Morning Newsletter 05-07-2013 Vivek A. Shah W W W . S H A H A D V I S O R Y . C O M
  2. 2. Friday, 05th 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 – 19410.84 TREND / PERIOD DAILY WEEKLY MONTHLY DIRECTION UP UP UP Trend Change Level (Closing Basis) 19360 19300 17750 Overall trend is positive but will turn down if trades below 19100. We mentioned that it has support around 19300 and as it broke that level, made a low around 19150. On the higher side, it will face resistance around 19450 levels. Overall trend is positive. We mentioned that 19450 will be the resistance on higher side. Now keep watch on this level, if sustain above this level than we may see higher levels of 19600 – 19700 – 19800. If not sustain and trades below 19250, we may see levels of 19100 – 19000. S&P 500(USA) – 1615.41 Overall trend is down. 1610 on closing basis is important level. Resistance is around 1630-1636 levels. Overall trend is down. Resistance is at 1630-1636 levels. On the lower side, support at 1610 on closing basis. AXIS BANK – 1264.95 Overall trend is down. As we mentioned, below 1300, it touched 1287-1280 and made a low around 1271. Now resistance is around 1315 levels. Those holding short positions may keep stop at 1315. Overall trend is down. It made a low around 1260. If not booked full profit than keep stop at 1310. ICICI BANK – 1063.70 Overall trend is down. Our trailed stop loss triggered so exited from the position. If it sustain below 1054, we may see lower levels, else we can expect it to touch around 1080-1100 in coming sessions. Overall trend is down. Those who initiated shorts can keep stop at 1078. If sustain above it than exit. Now if sustain above 1078, it can touch 1100 in coming days. RELIANCE INDUSTRIES – 861.65 Overall trend is positive. As mentioned, once it trades below support of 862, it attained mentioned levels of 853 and made a low around 848. Overall trend is positive. If sustain above 870, we may see higher levels.
  3. 3. Friday, 05th 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 – 292.30 Overall trend is down. We mentioned to buy around 280 with stop at 277 and it made a high around 289 intraday itself, so booked the position. Overall trend is down. If sustain above 295, we may see higher levels. TATA STEEL – 264.80 Overall trend is down. Our stop loss triggered so exited. Not advising any new trade now. Overall trend is down. Not advising any new trade. SBI – 1899.95 Overall trend is down. Trailed stop loss triggered for long positions. We also advised that below 1965, we may see lower levels and made a low around 1892. Overall trend is down. Buy only if sustain above 1951. If it falls below 1868, it may touch 1850-1825 in coming days. USDINR – SPOT – 60.13 Overall trend is positive. It attained levels of 60. We booked part profit around 60.1250 as informed through twitter. Overall trend is positive. If sustain below 59.90, than book remaining positions also.
  4. 4. Friday, 05th 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 Tata Power 86.50 ACC 1250 Rel Capital 366.80 TCS 1544 Stocks with Negative Breakout Stock Name Selling Range Siemens 528 Bajaj Holding 753 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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