Daily Newsletter - 20-02-2013

SHAH ADVISORY

Daily Morning
Newsletter
20-02-2013
Vivek A. Shah

2013

WWW.SHAHADVISORY.COM

Wednesday, 20th February 2013  - www.shahadvisory.com
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Shah Advisory – Daily Morning Newsletter
BSE Sensex – 19468.15

TREND / PERIOD DAILY WEEKLY MONTHLY
DIRECTION Down UP UP
Trend Change Level 19800 19700 17900
(Closing Basis)

Overall trend for medium term will stay upward till we are trading above 19380 levels. Close above
19600 will take index to the level of 19800 in coming days.

Overall trend is positive. We may see the levels of 19800-19950 on the cross of 19690 in coming few
days.

S&P 500(USA) – 1519.79

Overall trend is positive. We may see consolidation in the index. Overall we can see the levels of
1532 in the coming days to week till it manages to sustain above 1506 on closing basis.

Overall trend is positive. As we mentioned, it is trading in the range since last three – four trading
sessions. Keep stop loss of 1510 on closing basis & expect for the higher levels of 1532.

AXIS BANK – 1439.40

Overall trend will turn down once the stock start trading below 1419. Shorting is advisable only on
cross below 1419.

Overall trend is positive. Level of 1419 is to be considered for any short term long positions. Intraday
buy above 1447, keep stop loss of 1435 & look for the levels of 1455-1462 to book profit.

ICICI BANK – 1131.40

Overall trend is bearish. Intraday got the chance to exit the position around mentioned level of 1131.
Medium term traders can look for buying the stock around 1101 levels.

Overall trend is bearish. Though we are not advising buying but it looks like it is going to touch the
level of 1150 in a day or two.

RELIANCE INDUSTRIES – 848.40

Overall trend is bearish. Intraday buying is advisable on cross above 855.50.

Overall trend is bearish. We may see the levels of 865-876 in coming few days. Keep stop loss of 836
for the long positions.

TATA MOTORS – 306.75

Overall trend is slightly positive. Hold on to long position entered above 306.10. Keep stop loss of
302 & look for the higher levels of 309-311.50 to book full profit.

Overall trend is positive. Hold to long position keeping stop loss of 302 for the expected higher levels
of 309-311.50-315.

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TATA STEEL – 386.70

Overall trend is bearish. It attained target 1 of 385 for the buy recommended above 381. Hold
positions with stop loss of 378 & look for the higher levels of 392 to book full profit.

Overall trend is bearish. We may see the levels of 392-398 in a coming few days. Keep stop loss of
380 for the long positions.

SBI – 2273.50

Overall trend is bearish. Long positions entered above 2260 need to be maintained with the stop loss
of 2235 & look for the levels of 2305-2314 to book full profits.

Overall trend is getting slightly positive. Hold the long positions keeping stop loss of 2235 & higher
levels of 2305-2314 can be expected in a day or two.

USDINR – SPOT – 54.1850

Overall trend is negative. As mentioned, levels of 54.10 attained. Wait for further update.

Overall trend is negative. We may see the levels of 54.05-54 in a next 1 trading session.

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Stocks with Positive Breakout
Stock Name Buying Range
ACC 1307
Karnataka Bank 163.80-164
Bank of India 351-351.40
IDFC 164.20-164.40
NTPC 154-154.10
TATA Global 147.10-147.20

Stocks with Negative Breakout
Stock Name Selling Range
Havells India 665.50-666
Axis Bank 1419

NOTE –
Red colour – Last View / update on the scrip
Green colour – Current View / update on the scrip

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Daily Newsletter - 20-02-2013

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Daily Newsletter - 20-02-2013