Daily Newsletter -18-07-2013

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Daily Newsletter -18-07-2013

  1. 1. passSHAH ADVISORY 2013 Daily Morning Newsletter 18-07-2013 Vivek A. Shah W W W . S H A H A D V I S O R Y . C O M
  2. 2. Thursday, 18th 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 – 19948.73 TREND / PERIOD DAILY WEEKLY MONTHLY DIRECTION UP UP UP Trend Change Level (Closing Basis) 19300 19300 17750 Overall trend is positive. We mentioned that if sustain above 20100 than we may get some more pace for this up movement. It did not trades above it and come to the support mentioned by us of around 19800. Now we may see some resistance around 20100 levels. If trades above it, than only add to the long positions. Alternatively below index will find support around 19485. For intraday, long positions can be initiated if trades above 19900. Overall trend is positive. Hold long positions with stop at 19750 and we may see rise till 20050- 20100. S&P 500(USA) – 1676.26 Overall trend is positive. Hold remaining positions with stop at 1653. Overall trend is positive. Hold long positions with stop at 1660. AXIS BANK – 1193.70 Overall trend is down. No trade is advised as of now. Overall trend is down. If it trades below 1175, than go short for initial target around 1152-1140. ICICI BANK – 980.25 Overall trend is down. Stop loss triggered for long positions. No new trade advised now. Long term investors may look for entering the stock around current levels with 40% of total quantities. Overall trend is down. Look for buying if sustain above 1006. If not sustain at current levels and falls below 970-965, we may see levels of 920 in coming days. RELIANCE INDUSTRIES – 914.95 Overall trend is positive. Hold long positions with stop at 878 and look for the higher levels of 912 – 920 to book full profits. Overall trend is positive. It has attained second target of 912 and made a high around 918. Those holding longs need to trail stop to 898 and book profit around 920-925. TATA MOTORS – 285.25 Overall trend is down. We booked full profits around 283 levels as we advised. Now we have exited from the position. Overall trend is down. Go short below 281.80.
  3. 3. Thursday, 18th 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 STEEL – 243.20 Overall trend is down. We booked full profits around 253 levels. Overall trend is down. Only risky trades may look for buying if sustain above 248-249 with stop at 244. SBI – 1806.70 Overall trend is down. Our stop loss triggered for long positions. Overall trend is down. Risky trader may look for buying if sustain above 1824 for initial target of 1840-1850 with stop at 1800. USDINR – SPOT – 59.34 Overall trend is positive. We booked full profits in short positions around 59.30 – 59.35 zone. We may see levels of 58.70 in coming days. Look for buying only if sustain above 59.70. Overall trend is positive. Buy if sustain above 59.70. Alternatively look for selling if trades below 59.18.
  4. 4. Thursday, 18th 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 Chambal Fert. 39.65-39.70 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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