Daily Newsletter - 13-06-2013

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Daily Newsletter - 13-06-2013

  1. 1. SHAH ADVISORY2013Daily MorningNewsletter13-06-2013Vivek A. ShahW W W . S H A H A D V I S O R Y . C O M
  2. 2. Thursday, 13th 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 – 19041.13TREND / PERIOD DAILY WEEKLY MONTHLYDIRECTION DOWN UP UPTrend Change Level(Closing Basis)19700 19300 17670Overall trend is positive but short term trend is down. We mentioned that we may see the levels of19300 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 timearound the same level. If not able to sustain at 19000 levels on closing basis, than next immediatesupport will be around 18600.Overall trend is but short term trend is down. Weekly trend is up but will turn down if closes andtrades below 19300. We mentioned that below 19300, we may see levels of 19000-19050 and thesame is attained. Now any closing below 19000 will take it further down to 18600 levels but we areexpecting some bounce from these levels at least to the level of 19300 initially.S&P 500(USA) – 1626.13Overall trend is down. It has just touched the levels we mentioned of 1648. Still not confirmed theuptrend, 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 levelsand will stay below this level. Once 1600 is broken, it will try to touch 1560-1570 levels.AXIS BANK – 1274.45Overall 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 tosecond target of 1250. We are expecting it to find good support around 1250 levels. Keep stop lossat 1320 to hold short positions.ICICI BANK – 1081.25Overall trend is down. It has attained out mentioned level of 1094. Now, on the higher side, it willface resistance around 1117 levels and has support around 1030. We are expecting it to get somebounce from these levels.Overall trend is down. We are expecting bounce in this scrip from current levels but buying isadvised only once it sustain above 1115. Support around 1030 levels.RELIANCE INDUSTRIES – 790.80Overall 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 around804 levels. if sustain above 804-805 than we may see further rally in the stock till 816-830 levels.
  3. 3. Thursday, 13th 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 MOTORS – 293.55Overall 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 – 273.75Overall trend is down. Keep watch on weekly close of 290. We mentioned that 250-255 possible incoming days.Overall trend is down. It is trading continuously down and we are expecting it to find some supportaround 260 levels. Look for positional to long term buying in the zone of 260-275.SBI – 2006.05Overall trend is down. It has just fall short of target of 1975 as made a low around 1982. Anyoneholding 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 – 57.80Overall trend is positive. We mentioned that above 58.05 we are expecting levels of 58.89 and thetarget attained in a single day so booked full profits. Overall support around 58.05 levels and we maysee some dip to 58.05 levels in coming days. We will initiate long again only if it starts trading above58.85.Overall trend is positive. We mentioned that 58.05 is support and below it, it has gone down till57.73. We may see levels of 57.60-57.50 in coming days.
  4. 4. Thursday, 13th 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 RangeIDEA 136Lupin 778Stocks with Negative BreakoutStock Name Selling RangeMcDowell 2480NOTE –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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