Daily Newsletter - 13-03-2013

SHAH ADVISORY

Daily Morning
Newsletter
13-03-2013
Vivek A. Shah

2013

WWW.SHAHADVISORY.COM

Wednesday, 13th March 2013  - www.shahadvisory.com
Follow us on Twitter - @equityadvisory

Shah Advisory – Daily Morning Newsletter
BSE Sensex – 19564.92

TREND / PERIOD DAILY WEEKLY MONTHLY
DIRECTION UP UP UP
Trend Change Level 19350 19500 17670
(Closing Basis)

Overall trend on daily basis is up though not advised to buy at current level. Also on weekly basis
index will turn positive above 19750. Do keep in mind that index should sustain for 10 minutes
above 19750 levels to make it positive. Some intraday whipsaws are expected.

Overall trend on daily basis is positive though on weekly basis it will turn positive only on sustenance
above 19750. On daily basis, 19450 remain to be good support. Below which index will go to 19345.

S&P 500(USA) – 1556.22

Overall trend is positive. Hold long positions for the expected higher levels of 1570 & trail stop loss
to 1518 on closing basis.

Overall trend is positive. Hold long positions for the expected higher levels of 1570 keeping stop loss
of 1520 on closing basis.

AXIS BANK – 1384.75

Overall trend is down. Our stop loss triggered but still if anyone holding short than keep stop loss on
closing basis above 1420. Also any intraday bounce to 1409 to be used to go short keeping stop on
closing basis at 1420.

Overall trend is down. It looks like that it is going for the levels of 1367-1362 where short positions
need to be covered.

ICICI BANK – 1123.10

Overall trend is positive. Levels of 1116 on closing basis is important support level, above which we
may expect the higher levels of 1187 in coming days to week.

Overall trend is positive. We may see the levels of 1104-1090. If sustains above that on closing basis
than long positions need to be hold and also some buying can be initiated around 1090 levels.

RELIANCE INDUSTRIES – 847.85

Overall trend is down. We may see the levels of 832 in coming days. As mentioned, close above 858
will only make trend positive, till than any rise to be used to go short.

Overall trend is down. We may see the levels of 832 in coming days. Intraday below 840, levels of
830 will be initial target.

 +91 84600 32788  support@shahadvisory.com
2
Save Trees. Do not Print. Read Disclaimer on our website


TATA MOTORS – 304.70

Overall trend is positive. Not advised to trade at current levels. Either buy above 312 or short below
296.

Overall trend is positive. Trade is not advised at current levels as stock is in the sideways trend. Keep
an eye on mentioned levels of 312 on higher side & 296 on lower side to initiate trade.

TATA STEEL – 359.35

Overall trend is down. Any long positions in the stock need to be maintained with the stop loss of
350. We may see the levels of 368-372 in coming days.

Overall trend is down. Keep stop loss of 348 on closing basis for any long positions & on higher side,
levels of 368 can be attained.

SBI – 2206.85

Overall trend is down. Any intraday dip below 2180 will take it to 2145 levels. It will face resistance
around 2240 levels. Also it is advisable to look for shorting around 2235-2240 levels keeping stop
loss at 2260 levels.

Overall trend is down. Intraday sell below 2180 for the levels of 2142. We advised to look for
shorting on rise to 2235-2240 but it made a high around 2228. Still any rise to 2240 to used to go
short with stop loss at 2260.

USDINR – SPOT – 54.1850

Overall trend is slightly positive. As we mentioned, above 54.38, we can see the levels of 54.55-
54.60. It has made a high around 54.51. We may see some bounce till 54.60 levels. Also it has to be
noted that currently it is trading in a sideways kind of pattern & need to book profit at low margin.

Overall trend is slightly positive till it is trading above 54.10. It is currently in the sideways trading
zone so advised to avoid trading if possible.

3


Stocks with Positive Breakout
Stock Name Buying Range
ITC 301.20-301.40
Ranbaxy 420.40-421
ACC 1302-1303

Stocks with Negative Breakout
Stock Name Selling Range
Infosys 2909-2910

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 -

4

Daily Newsletter - 13-03-2013

Recommended

Recommended

More Related Content

Viewers also liked

Viewers also liked (15)

More from Shah Advisory

More from Shah Advisory (11)

Recently uploaded

Recently uploaded (20)

Daily Newsletter - 13-03-2013