2. Thursday, 13th June 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 – 19041.13
TREND / PERIOD DAILY WEEKLY MONTHLY
DIRECTION DOWN UP UP
Trend Change Level
(Closing Basis)
19700 19300 17670
Overall trend is positive but short term trend is down. We mentioned that we may see the levels of
19300 and 19000 in coming days. It made a low around 19121. We are expecting levels of 19000-
19050 in coming days from where, we may see some bounce in the index or spend some time
around the same level. If not able to sustain at 19000 levels on closing basis, than next immediate
support will be around 18600.
Overall trend is but short term trend is down. Weekly trend is up but will turn down if closes and
trades below 19300. We mentioned that below 19300, we may see levels of 19000-19050 and the
same is attained. Now any closing below 19000 will take it further down to 18600 levels but we are
expecting some bounce from these levels at least to the level of 19300 initially.
S&P 500(USA) – 1626.13
Overall trend is down. It has just touched the levels we mentioned of 1648. Still not confirmed the
uptrend, so if trades above 1648-1649, than we may considered trend positive.
Overall trend is down. We are expecting that index will find good resistance around 1648-1650 levels
and will stay below this level. Once 1600 is broken, it will try to touch 1560-1570 levels.
AXIS BANK – 1274.45
Overall trend is down. We mentioned that weekly close below 1370 will take stock to 1300-1250-
1220. It is trading near to initial target though it has not closed below 1370 on weekly basis.
Overall trend is down. It has attained initial target of 1300 and made a low around 1266 near to
second target of 1250. We are expecting it to find good support around 1250 levels. Keep stop loss
at 1320 to hold short positions.
ICICI BANK – 1081.25
Overall trend is down. It has attained out mentioned level of 1094. Now, on the higher side, it will
face resistance around 1117 levels and has support around 1030. We are expecting it to get some
bounce from these levels.
Overall trend is down. We are expecting bounce in this scrip from current levels but buying is
advised only once it sustain above 1115. Support around 1030 levels.
RELIANCE INDUSTRIES – 790.80
Overall trend is down. Hold long positions with stop at 770.
Overall trend is down. Hold short positions with stop at 780 and look for booking part profit around
804 levels. if sustain above 804-805 than we may see further rally in the stock till 816-830 levels.
3. Thursday, 13th June 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 – 293.55
Overall trend is down. It has support around 282-283 levels.
Overall trend is down. We are expecting some if it crosses 297 till 304.
TATA STEEL – 273.75
Overall trend is down. Keep watch on weekly close of 290. We mentioned that 250-255 possible in
coming days.
Overall trend is down. It is trading continuously down and we are expecting it to find some support
around 260 levels. Look for positional to long term buying in the zone of 260-275.
SBI – 2006.05
Overall trend is down. It has just fall short of target of 1975 as made a low around 1982. Anyone
holding short positions can keep stop at 2015.
Overall trend is down. Today it attained the target of 1975 and bounce from around the same level.
Once it will sustain above 2030 on closing basis, we may see good bounce in the stock.
USDINR – SPOT – 57.80
Overall trend is positive. We mentioned that above 58.05 we are expecting levels of 58.89 and the
target attained in a single day so booked full profits. Overall support around 58.05 levels and we may
see some dip to 58.05 levels in coming days. We will initiate long again only if it starts trading above
58.85.
Overall trend is positive. We mentioned that 58.05 is support and below it, it has gone down till
57.73. We may see levels of 57.60-57.50 in coming days.
4. Thursday, 13th June 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
IDEA 136
Lupin 778
Stocks with Negative Breakout
Stock Name Selling Range
McDowell 2480
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-
