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Daily Newsletter - 10-06-2013

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Daily Newsletter - 10-06-2013

  1. 1. SHAH ADVISORY2013Daily MorningNewsletter10-06-2013Vivek A. ShahW W W . S H A H A D V I S O R Y . C O M
  2. 2. Monday, 10th June 2013  - www.shahadvisory.comFollow us on Twitter - @equityadvisoryShah Advisory – Daily Morning Newsletter +91 84600 32788  support@shahadvisory.comSave Trees. Do not Print. Read Disclaimer on our website2BSE Sensex – 19429.23TREND / PERIOD DAILY WEEKLY MONTHLYDIRECTION DOWN UP UPTrend Change Level(Closing Basis)19950 19300 17670Overall trend is down. Keep watch on 19570 levels on closing basis. If stays below it than we may seelower levels of 19300 initially.Overall trend is positive but short term trend is down. As we are mentioning that 19570 on closingbasis is important level, if it is not sustaining above 19570 on closing basis than the bias will remainnegative and we may see lower levels of 19300 initially. We are not advising to go short around thislevel but short term buying can be initiated.S&P 500(USA) – 1643.38Overall trend is down. Minor support is around 1600 levels, below that stay ready for 1560-1570levels.Overall trend is down and will turn positive if trades above 1648. As we mentioned, it has supportaround 1600 levels and it turned from the same level. Look for going long if trades above 1648-1650levels.AXIS BANK – 1378.25Overall trend is down. Keep watch on 1370 on weekly closing basis. If sustain above 1430, we maysee some upside till 1450.Overall trend is down. Look for buying if it stays above 1400 and add to the long positions if sustainabove 1420.ICICI BANK – 1141.70Overall trend is down. If sustain above 1170, we may see some upside in the stock till 1200 levels.Overall trend is down. Look for buying if sustain above 1165.RELIANCE INDUSTRIES – 783.60Overall trend is down. If sustain above 806, expect bounce till 814-825.Overall trend is down. Look for buying around current levels and add / buy if sustain above 806.TATA MOTORS – 301.90Overall trend is positive. If stays below 303, go short with stop at 310 expecting lower levels of 297-294.Overall trend is positive. We advised to go short below 303 and it almost attained initial target of297 as made a low at 298. Hold positions with stop at 308.
  3. 3. Monday, 10th June 2013  - www.shahadvisory.comFollow us on Twitter - @equityadvisoryShah Advisory – Daily Morning Newsletter +91 84600 32788  support@shahadvisory.comSave Trees. Do not Print. Read Disclaimer on our website3TATA STEEL – 292.05Overall trend is down. It is trading near important support zone of 291-293. Any weekly close below290 and trade below 287 will take it to 250-255 levels initially. If it stays above 303, we may seehigher levels of 306-311.Overall trend is down. Look for buying id trades above 297 for initial target of 303-306 with stop at290.SBI – 2024.15Overall trend is down. If sustain above 2080, we may see higher levels of 2120-2150.Overall trend is down. Buy if sustain above 2080 for initial target of 2120-2150 with stop at 2050.USDINR – SPOT – 57.07Overall trend is positive. It has attained level of 57. We are expecting it to touch 57.30 levels incoming days.Overall trend is positive. It is near to our target of 57.30 as it has already touched the level of 57.12.Now it has strong support around 56.70 levels. Any long positions need to be exited if sustain below56.70 levels. Also we are advising to go short if sustain below 56.70.
  4. 4. Monday, 10th June 2013  - www.shahadvisory.comFollow us on Twitter - @equityadvisoryShah Advisory – Daily Morning Newsletter +91 84600 32788  support@shahadvisory.comSave Trees. Do not Print. Read Disclaimer on our website4Stocks with Positive BreakoutStock Name Buying RangeTCS 1541Stocks with Negative BreakoutStock Name Selling RangeGSK Consu. 5380M&M 958NOTE –Red colour – Last View / update on the scripGreen colour – Current View / update on the scripYOU CAN ALSO VIEW THIS REPORT ON THE WEB-

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