Daily Morning Newsletter - 03 12-2012

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Daily Morning Newsletter - 03 12-2012

  1. 1. SHAH ADVISORY Daily Morning Newsletter 03-12-2012 Vivek A. Shah 2012 WWW.SHAHADVISORY.COM
  2. 2. Monday, 03 December 2012  - www.shahadvisory.com Shah Advisory – Daily Morning NewsletterBSE Sensex – 19339.90 TREND / PERIOD DAILY WEEKLY MONTHLY DIRECTION UP UP UP Trend Change Level 18814 18814 18120 (Closing Basis)As we mentioned, Sensex attained both the targets of 19160-19300. We advise booking profit hereor trail stop loss to 19150 level. Though the overall trend is strong, we are expecting some sidewaysmovement or some profit booking at this level. Re-entry will be communicated.S&P 500(USA) – 1416.20As we are saying, Index is likely to tough the levels of 1422-1425 in coming days. On Friday, it made ahigh of 1418.90 & closed almost flat at 1416.20. Overall trend is still not looking bullish. Support is at1394 levels.AXIS BANK – 1319.90Overall trend is up. Short term traders who have not booked profit & holding long positions can keepstop loss of 1305 and look for the levels of 1326-1327 to book full profit. Positional to medium terminvestors need to hold the share for the levels of around 1375 keeping stop loss of 1265. +91 84600 32788  support@shahadvisory.com Save Trees. Do not Print. 2 Read Disclaimer on our website
  3. 3. Monday, 03 December 2012  - www.shahadvisory.com Shah Advisory – Daily Morning NewsletterICICI BANK – 1099.85We mentioned that 1036-1038 to be the resistance level & once the stock crosses it, we can seebounce in the stock. It made a high of 1104.95. Long positions need to be hold with the stop loss of1081 & look for the higher levels of 1135-1137 to book full profit.RELIANCE INDUSTRIES – 793.70Overall trend is slightly positive to sideways now. We recommended booking profit at 792-803 levelsin long position initiated at 772-774 levels. Intraday long positions to be initiated around 780-776levels with a stop loss of 771.TATA MOTORS – 273.45Overall trend has turned positive. We mentioned to book profit around 269 levels that attained.Now short term to positional traders can enter long position on cross above 280. Simultaneouslyshorting is advisable below 272-271.70 levels for the possible lower levels of 264.TATA STEEL – 386.20Overall trend has turned bullish now. We recommended booking profit around 383-385 levels forthe long positions initiated around 365-366 levels. Those still holding long positions need to trail stoploss to 381 and look for the upper levels of around 391-394 to completely book the profit. +91 84600 32788  support@shahadvisory.com Save Trees. Do not Print. 3 Read Disclaimer on our website
  4. 4. Monday, 03 December 2012  - www.shahadvisory.com Shah Advisory – Daily Morning Newsletter Stocks with Positive Breakout Stock Name Buying Range Financial Tech. 1146-1147 IGL 269-269.50 Allahabad Bank 145 Apollo Tyres 85-85.10 Bank of Baroda 770-771 Dena Bank 112.20-112.60 Godrej Ind. 311-312 Reliance Infra 489-490 SAIL 81.50-81.70 Dabur India 129.10-129.50 GSPL 74.10-74.50 Jain Irrigation 68.90-69.10 Petronet LNG 163.80-164.20 SBI 2189-2190 Stocks with Negative Breakout Stock Name Selling Range Maruti 1468-1469 +91 84600 32788  support@shahadvisory.com Save Trees. Do not Print. 4 Read Disclaimer on our website

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