1. SHAH ADVISORY
Daily Morning
Newsletter
11-03-2013
Vivek A. Shah
2013
WWW.SHAHADVISORY.COM

2. Monday, 11th March 2013  - www.shahadvisory.com
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Shah Advisory – Daily Morning Newsletter
BSE Sensex – 19683.23
TREND / PERIOD DAILY WEEKLY MONTHLY
DIRECTION UP UP UP
Trend Change Level 19350 19500 17670
(Closing Basis)
Overall trend will get positive once we will get weekly close above 19490. For the day, we may see
trend turning positive once it will start trading above 19480. As we mentioned below 19380 trend
will turn negative & will go for initial target of 18700 & made a low of 18760. At that level, we
mentioned that market may see bounce till 19250-19400 & we got the same move. Now for any
short positions taken at mentioned levels need to be hold on with the stop loss of 19480 on closing
basis.
Overall trend on daily basis is up. Weekly trend will turn above 19750. Short positions were stopped
out. Once index crosses above 19750 it will go for the 19900 where we are expecting some pause in
this rally.
S&P 500(USA) – 1551.18
Overall trend is positive. Hold long positions for the expected higher levels of 1570 keeping stop loss
at 1515.
Overall trend is positive. Hold long positions for the expected higher levels of 1570 & trail stop loss
to 1518 on closing basis.
AXIS BANK – 1407
Overall trend is down. Hold short positions for the expected lower levels of 1370 keeping stop loss at
1420 on closing basis.
Overall trend is down. Hold short positions with the stop loss at 1420.
ICICI BANK – 1139.30
Overall trend is down. All the mentioned target levels attained so exited the positions around 1110-
1115 zones. It looks like it will face resistance around 1131 levels. It is advised to look for going short
around 1120-1125 levels keeping stop at 1135.
Overall trend will turn positive above 1144. Short positions initiated stopped out on intraday basis
itself so exited from it. Overall it looks like above 1145 level, it will try to touch the levels of around
1187.
RELIANCE INDUSTRIES – 851.30
Overall trend is down. It has almost attained the target level as mentioned.
Overall trend is down. Close above 858 will turn trend positive.
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Shah Advisory – Daily Morning Newsletter
TATA MOTORS – 303.80
Overall trend is positive. Our stop loss on long positions triggered.
Overall trend is positive. Trade need to be initiated on cross above 312 .
TATA STEEL – 359.15
Overall trend is down. Those who have not booked profit are exited at 345 levels as the stop
triggered. Below 344, we may see some more down side in the stock. We have already mentioned
that need to trade in this scrip with low quantity as the downward pressure is very strong in the
stock.
Overall trend is down. It looks like that stock is heading towards the levels of around 370-372.
SBI – 2209.50
Overall trend is down. Look for higher levels of 2220 to book the profit if not booked around 2170
levels & keep stop at 2145.
Overall trend is down. It has attained the mentioned level of 2220 to book full profit. Now it may see
some rise till 2250 levels. On intraday basis, below 2185 we may see the levels of 2150.
USDINR – SPOT – 54.2850
Overall trend is slightly positive. As we mentioned that below 54.88 weakness may continue in the
pair. It looks like it taking supports around 54.50 levels & it may bounce till 54.65 levels. If sustain
above it than we may see upside till 54.80.
Overall trend is slightly positive but once it will start trading below 54.24, we may see the levels of
54. We mentioned that 54.50 is support but it has not taken support there & fall to the levels of
54.28. Intraday bounce above 54.38 will take it to 54.55-54.60 levels.
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Shah Advisory – Daily Morning Newsletter
Stocks with Positive Breakout
Stock Name Buying Range
Adani Ent. 237.40-237.60
ICICI Bank 1144-1145
IDFC 161.20-161.40
Jain Irrigation 68.05-68.10
JP Associate 78.50
Adani Power 51.30
Ashok Leyland 24.20
BHEL 208.80-209
Jindal Steel 370.50-371
Kotak Bank 679-680
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
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