1. SHAH ADVISORY
Daily Morning
Newsletter
14-03-2013
Vivek A. Shah
2013
WWW.SHAHADVISORY.COM

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Shah Advisory – Daily Morning Newsletter
BSE Sensex – 19564.92
TREND / PERIOD DAILY WEEKLY MONTHLY
DIRECTION UP DOWN UP
Trend Change Level 19250 19500 17670
(Closing Basis)
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.
Overall trend on daily basis is up but as we are mentioning that index needs to sustain above 19750
to change weekly trend in to positive territory. Also we mentioned that below 19450 it will go to
19345 & made a low around 19338. Short term buying can be initiated around 19250-19280 zone
keeping stop loss at 19180.
S&P 500(USA) – 1552.48
Overall trend is positive. Hold long positions for the expected higher levels of 1570 keeping stop loss
of 1520 on closing basis.
Overall trend is positive. It is advised to book part profit around 1552 levels. Till the level of 1559 is
not crossed, we may see some range bound activity.
AXIS BANK – 1346.70
Overall trend is down. It looks like that it is going for the levels of 1367-1362 where short positions
need to be covered.
Overall trend is down. It has attained all the mentioned levels. Though it has some support around
1328 level but it looks like it will break that level in near future. I will inform levels for entering
medium term to long term trade.
ICICI BANK – 1085.70
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.
Overall trend will turn negative below 1080. We mentioned that levels of 1090 are possible & it has
attained that level.
RELIANCE INDUSTRIES – 845
Overall trend is down. We may see the levels of 832 in coming days. Intraday below 840, levels of
830 will be initial target.
Overall trend is down. We may see the levels of 832 in a trade now. Any short positions need to be
maintained with stop loss of 858 on closing basis.
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Shah Advisory – Daily Morning Newsletter
TATA MOTORS – 301
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.
Overall trend is positive. Trade only after cross of levels on either side as mentioned. Buy above 312
or sell below 296.
TATA STEEL – 352.10
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.
Overall trend is down. For any long positions, keep stop loss of 348 on closing basis.
SBI – 2179.35
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.
Overall trend is down. Hold short positions with stop loss at 2220. We may see the levels of 2142
initially & than 2070.
USDINR – SPOT – 54.3050
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.
Overall trend is slightly positive will it sustains above 54.10 on closing basis. Any close below 54.10
will turn trend down. If sustain above 54.40 for more than 30 minutes than we may see some more
upside in the pair.
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Shah Advisory – Daily Morning Newsletter
Stocks with Positive Breakout
Stock Name Buying Range
LITL 12.25
Stocks with Negative Breakout
Stock Name Selling Range
Tech Mahindra 1075-1076
Bharat Forge 218.80-218.90
ICICI Bank 1080
NOTE –
Red colour – Last View / update on the scrip
Green colour – Current View / update on the scrip
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