Daily Newsletter - 05-08-2013

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Daily Newsletter - 05-08-2013

  1. 1. passSHAH ADVISORY 2013 Daily Morning Newsletter 05-08-2013 Vivek A. Shah W W W . S H A H A D V I S O R Y . C O M
  2. 2. Monday, 05th 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 – 19164.02 TREND / PERIOD DAILY WEEKLY MONTHLY DIRECTION UP UP UP Trend Change Level (Closing Basis) 19700 19300 17750 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. Overall trend is down but will short only if sustain below 19000. Otherwise expect some bounce. S&P 500(USA) – 1709.68 Overall trend is positive. Go short below 1678. Overall trend is positive. Buy if sustain above 1712. AXIS BANK – 1103.20 Overall trend is down. Buy if sustain above 1100. Overall trend is down. Hold long positions with stop at 1033. Above 1120, we may see strong bounce in the stock. ICICI BANK – 887.10 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. Overall trend is down. Hold short positions and look for lower levels of 878 to book part profit. Hold rest positions with stop at 928. RELIANCE INDUSTRIES – 857.35 Overall trend is positive. Hold short positions with stop at 882. Overall trend is positive. Hold short positions with stop at 882 and look for lower levels of 845-838 to book full profits. TATA MOTORS – 290.45 Overall trend is positive. Buy if sustain above 294. Overall trend is positive. Buy if sustain above 294.
  3. 3. Monday, 05th 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 – 202.35 Overall trend is down. Hold long positions with stop at 205. Overall trend is down. Stop triggered for long positions at 205. Not advising any fresh trade. SBI – 1680.60 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. Overall trend is down. It has touched level of 1665 and we booked profit there. Anyone holding short may keep stop at 1705. USDINR – SPOT – 61.07 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. Overall trend is positive. Though short trade triggered out but not initiated long positions as not sustain above 61.11. Buy only if sustain above 61.11 and cross 61.18.
  4. 4. Monday, 05th 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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