Daily Newsletter - 30-07-2013

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Daily Newsletter - 30-07-2013

  1. 1. passSHAH ADVISORY 2013 Daily Morning Newsletter 30-07-2013 Vivek A. Shah W W W . S H A H A D V I S O R Y . C O M
  2. 2. Tuesday, 30th 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 – 19593.28 TREND / PERIOD DAILY WEEKLY MONTHLY DIRECTION UP UP UP Trend Change Level (Closing Basis) 19400 19300 17750 Overall trend is positive but as we said, very short term trend looks down and we are expecting levels of 19400-19450 in coming days. Overall trend is positive. As we said, we are expecting levels of 19400-19450 on the index. S&P 500(USA) – 1691.65 Overall trend is positive. Once it closes below 1685, we may see lower levels in the index, so stay on sidelines till the trend gets clear. Overall trend is positive. We are not initiating any fresh trade now. AXIS BANK – 1098.25 Overall trend is down. We may see levels of 1080 but not expecting it to sustain there. Look for buying around current levels in small quantity only as we need confirmation that it will not sustain below 1100. Overall trend is down. We may see levels of 1080 in coming days. ICICI BANK – 928.60 Overall trend is down. Hold remaining short positions with stop at 960 and look for lower levels of 910 to book full profits. Overall trend is down. Hold short positions with stop at 960. For intraday we may see some rise if the stock holds 918 level. Below 918, again we may see down fall in the stock. RELIANCE INDUSTRIES – 885.70 Overall trend is positive but very short term trend may turn down if sustain below 875. Hold remaining short position with stop at 918. Overall trend is positive. Very short term trend will turn down below 875. Intraday some rise to 899- 900 is possible which needs to be used to go short with stop at 905. TATA MOTORS – 295.95 Overall trend is positive. Our stop loss triggered for buy position. Look for going short if trades below 286. Overall trend is positive. Very short term traders may buy around current levels of 296-297 with stop at 292 for possible upside till 303-306.
  3. 3. Tuesday, 30th 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 – 215.40 Overall trend is down. In the coming days we are expecting this fall to stabilise and make some sideways trading and then we may see some higher levels but still need confirmation so only long term investors may buy around current levels as we have already mentioned. Overall trend is down. If it manages to close above 220, than we may see some upside in coming days. SBI – 1740.05 Overall trend is down. We advised to go short if sustain below 1790 and made a low around 1752. It is advised to book part profit around 1750 – 1755 levels and hold remaining position with stop at 1810. Overall trend is down. Hold short position with stop at 1780. Look for booking profit in remaining quantity around 1720 levels. USDINR – SPOT – 59.43 Overall trend is positive. If sustain above 59.35, go long with stop at 58.84. Overall trend is positive. We advised going long above 59.35. now hold position with stop at 59.22 and look for higher levels of 59.70-59.78 to book 70% profit.
  4. 4. Tuesday, 30th 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 - - 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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