Daily Newsletter - 26-06-2013

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Daily Newsletter - 26-06-2013

  1. 1. SHAH ADVISORY2013Daily MorningNewsletter26-06-2013Vivek A. ShahW W W . S H A H A D V I S O R Y . C O M
  2. 2. Wednesday, 26th 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 – 18629.15TREND / PERIOD DAILY WEEKLY MONTHLYDIRECTION DOWN DOWN UPTrend Change Level(Closing Basis)19400 19300 17750Overall trend is down. As we mentioned, level of 18520 attained in trade. Now any close below thislevel will take index to 18100 levels in coming days. Only above 18800, we may see some positivemomentum.Overall trend is down. It has already attained level of 18520 but now it is trying to stay above that.We mentioned that if it sustain above 18800 than only some positive momentum may come in tothe markets but it returned from the same level to close at 18629. Now if it sustain above 18800, wemay see positive momentum till 18900 – 19000 levels. Alternatively if goes below 18540, we maybreak the previous low and will look for possible lower levels around 18100.S&P 500(USA) – 1573.09Overall trend is down. It has touched the mentioned level of 1577. Any sustained close below thislevel will take the index to 1540-1545 zones. If sustain above 1577 than expect some bounce till1610-1615.Overall trend is down. We are expecting levels of 1540-1545 in coming days. On the higher side, ifthe index comes near to 1590-1595 levels, than go short with stop at 1620.AXIS BANK – 1231.45Overall trend is down. Long term investors look for entry with 60% quantity around 1200 levels.Overall trend is down. It has almost attained the mentioned level of 1200 as made a low around1207. We have also advised in live market to buy this stock around 1195-1210 zone for long terminvesting with more than 2 years time. For short term, we will turn bullish only if it sustain above1266.ICICI BANK – 1032.85Overall trend is down. Buying can be initiated only if sustain above 1061. If not sustain there than wemay see levels of 1024-1005 in coming days. Keep watch on this level for long term investing asalready mentioned by us.Overall trend is down. Stock is not showing any positive momentum. We may see levels of 1005 incoming days. Only above 1068, we will look for long entry.RELIANCE INDUSTRIES – 803.80Overall trend is down. If sustain above 796, we may see some rise till 810-812. Below 779, we maysee levels of 765.Overall trend is down. We mentioned that above 796, we may see levels of 810-812 and attained allthe levels so booked full profit. Now, if it trades above 821, go long for possible higher levels of 832 –835 – 845.
  3. 3. Wednesday, 26th 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 – 281.45Overall trend is down. Go short below 279.50 with stop at 284 for possible levels of 277-268 incoming days.Overall trend is down. We advised going short below 279.50 and advised to book 60-70% profitaround 272 levels. For the remaining positions, stop loss triggered at 278.TATA STEEL – 266.45Overall trend is down. Go short below 265 for lower levels of 258 - 241 with stop at 269 on closingbasis.Overall trend is down. Those holding short positions can keep stop at 270.SBI – 1907.80Overall trend is down. It looks like the stock is coming to the levels of 1825 – 1850 in coming days.Long term investors must buy the stock around this level. Buy 70-75% quantity around this level.Overall trend is down. We mentioned that we are expecting levels of 1825-1850 in coming days.Today it made a low around 1901. Look for the given levels to enter long positions.USDINR – SPOT – 59.69Overall trend is positive. Though we advised that trend will turn bullish above 59.80, we are advisingto buy only if sustain above 58.88. Those who are holding longs from this level may keep stop at59.40.Overall trend is positive. Buy only if sustain above 59.88. Those holding longs can keep stop at 59.40.Below 59.40, we may see lower levels of 59.05 – 58.75.
  4. 4. Wednesday, 26th 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 144Stocks with Negative BreakoutStock Name Selling RangeJSW Steel 650OFSS 2625NOTE –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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