Daily Newsletter - 19-03-2013

SHAH ADVISORY

Daily Morning
Newsletter
19-03-2013
Vivek A. Shah

2013

WWW.SHAHADVISORY.COM

Tuesday, 19th March 2013  - www.shahadvisory.com
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Shah Advisory – Daily Morning Newsletter
BSE Sensex – 19293.20

TREND / PERIOD DAILY WEEKLY MONTHLY
DIRECTION UP DOWN UP
Trend Change Level 19250 19500 17670
(Closing Basis)

Overall trend on daily basis is positive. For any long positions, stop loss need to be maintained at
19250 closing basis.

Overall trend on daily basis is positive. For long positions, keep stop loss at 19175. On breach on it,
we may see the previous lows on the index.

S&P 500(USA) – 1560.70

Overall trend is positive. Look for higher levels of 1570 to book full profit keeping stop loss at 1520.

Overall trend is positive. Look for the levels of 1570 to book full profit keeping stop loss at 1544.

AXIS BANK – 1325.10

Overall trend is down. 1350 looks to be resistance and need to be used to go short with stop at
1365.

Overall trend is down. Below 1315, we may see the levels of 1300-1285.

ICICI BANK – 1051.40

Overall trend is down. We may see further lower levels of around 1027-980 in coming days to weeks.
For short positions, stop loss at 1095 to be maintained.

Overall trend is down. We may see the levels of 1027-980 in coming days to week. It has already
made a low around 1035. Any rise to 1070 to be used to go short with stop at 1082.

RELIANCE INDUSTRIES – 834.30

Overall trend is sideways to down. If it sustains above 854 than we may see upside and on downside
it has support around 831.

Overall trend is down. As mentioned, 831 is support on lower side. Now if trades below 829 than we
may see the levels of 818-810. Any rise to 844-846 to be used to go short with stop at 851.

TATA MOTORS – 286.85

Overall trend will turn down below 289. We advised short around 296 & today made a low around
290. Look for the levels of 285-282 to book profit keeping stop at 300.

Overall trend is down. It has attained out initial target of 285. Now trail stop loss to 294 for short
positions & look for the levels of 281-282 to book full profit.

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TATA STEEL – 349.30

Overall trend is down. Look for the levels of 362 to book profit keeping stop loss at 348.

Overall trend is down. Out trailed stop loss hit so exited from the long positions. Now below 345, it
may go to levels around 339-335.

SBI – 2249.80

Overall trend is positive. We may see the levels of 2300-2315 in coming days to weeks. For long
positions, keep stop loss at 2234.

Overall trend is positive. It has almost returned from the stop loss level we mentioned. Those who
exited the positions can stay away. Those who are holding can look for the levels of 2300-2315 to
book full profits with stop loss at 2230 strictly.

USDINR – SPOT – 54.17

Overall trend is down. Look for going short below 53.96, keeping stop loss at 54.21 for the expected
lower levels of 53.82-53.67-53.55 in coming days to weeks.

Overall trend is down. If it trades above 54.26, it can touch 54.40-54.45. On the lower side, below
53.96, go short with stop loss at 54.21 for the possible lower levels of 53.82-53.67-53.55 in coming
days.

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Stocks with Positive Breakout
Stock Name Buying Range
Karur Vysya Bank 476-477

Stocks with Negative Breakout
Stock Name Selling Range
TATA Steel 345
Tech Mahindra 1084-1085
Wipro 430.50-431
Infosys 2840
Reliance Ind. 829

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 -

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Daily Newsletter - 19-03-2013

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Daily Newsletter - 19-03-2013