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BSE Sensex – 19223.28
TREND / PERIOD DAILY WEEKLY MONTHLY
DIRECTION DOWN UP UP
Trend Change Level
(Closing Basis)
19600 19300 (Down below
18700)
17750
Overall trend is positive and daily trend is down. Weekly trend is positive but will turn down if
sustain below 18700.we are expecting levels of 19500 – 19600 in coming days as we already
mentioned. For intraday trade we are expecting initial resistance around 19440 levels.
Overall trend is positive but daily trend is down. Market tried to go up further but not managed to
do so and finally close lower. Very near term support at 19030-19050 levels. If trades below 19170
than it may do till 19000-19050 levels as mentioned. On the higher side, if trades above 19400 than
it will touch 19500 – 19600 levels in coming days. We are advising to add long positions if it comes to
19050 levels for very short term traders keeping stop at 18940.
S&P 500(USA) – 1639.04
Overall trend is down. We mentioned that it has support around 1610-1600 area and it bounced
from the same level. Now again it will face resistance around 1642-1645 levels. Buying is advised
only if sustains above 1650.
Overall trend is down. Buying is only advised if sustain above 1650. We also mentioned that it will
face resistance around 1642-1645 zone and just turned from the same level.
AXIS BANK – 1286.60
Overall trend is down. Our trailed stop loss triggered at 1320. We have already booked part profit
around 1280 levels. If it trades above 1323 than we may see good bounce in the stock.
Overall trend is down. Overall support around 1270 levels and likely to take support around the
1265-1270 levels. On sustenance above 1223, we may see good bounce in the stock.
ICICI BANK – 1090.95
Overall trend is down. Those who initiated buy at 1104 can hold long positions expecting higher
levels of 1114 – 1148 in coming days keeping stop at 1080.
Overall trend is down. Look for buying if sustain above 1104, and also on deep around 1065 levels. if
it sustain below 1085, we may see lower levels around 1065.
RELIANCE INDUSTRIES – 823.40
Overall trend is down. It has touched near to our third target of 830 as made a high of 827. If sustain
above 830, hold long positions for higher levels of 844-850.
Overall trend has turned positive. Those who are holding long positions can keep stop at 811.
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TATA MOTORS – 297.60
Overall trend is down. We advised buying around 290 – 291 and also on cross above 298. Those who
bought around 290-291 got chance to book profit in intraday trade itself as got move around 2%.
Those holding long positions can keep stop at 294 and look for higher levels of 303-304 to book 60%
profit.
Overall trend is down. Our trailed stop loss triggered at 294, though we got chance yesterday to
book part profit around 298-300 levels. if it sustains above 300 on closing basis, than we may see
good bounce in the stock.
TATA STEEL – 285.10
Overall trend is down. Buy if sustain above 280.
Overall trend is down. We advised to buy if sustain above 280 and it made a high around 288 thus
getting around 3% returns in intraday trade itself. Those who are holding longs can keep stop at 277
and look for the higher levels of 292 to book full profits.
SBI – 2043.60
Overall trend is down. We mentioned that above 2062, we may see rise to 2100. Hold long positions.
Overall trend is down. Hold long positions with stop at 2030.
USDINR – SPOT – 58.79
Overall trend is positive. We may see lower levels form the current levels of around 57.80. One may
look for adding to the shorts if it sustain below 57.65. Alternatively, if sustain above 58.10 than only
look for long positions.
Overall trend is positive. Our short side position exited at opening as opened above 58.10. Also we
advised to buy if sustain above 58.10, so holding the positions with good gain if not booked. We also
updated status on the call on twitter and Google Plus that we are expecting levels of 58.55 – 58.80 –
58.90. It has attained target of 58.80 already. Now hold the positions with stop at 58.35. Also we are
advising to book 60% profit at this point if not booked.
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Shah Advisory – Daily Morning Newsletter
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Stocks with Positive Breakout
Stock Name Buying Range
AB Nuvo 1095
Cadila HC 784
Finan Tech. 824
Stocks with Negative Breakout
Stock Name Selling Range
DR Reddy 2140
NOTE –
Red colour – Last View / update on the scrip
Green colour – Current View / update on the scrip
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