Daily Newsletter - 05 02-2013

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Daily Newsletter - 05 02-2013

  1. 1. SHAH ADVISORY Daily Morning Newsletter 05-02-2013 Vivek A. Shah 2013 WWW.SHAHADVISORY.COM
  2. 2. Tuesday, 05th February 2013  - www.shahadvisory.com Follow us on Twitter - @equityadvisory Shah Advisory – Daily Morning NewsletterBSE Sensex – 19751.19 TREND / PERIOD DAILY WEEKLY MONTHLY DIRECTION Sideways – Down UP UP Trend Change Level 19970 19650 17900 (Closing Basis)As we have mentioned, overall trend is positive till we are trading above 19650 on weekly basis. Alsowe have mentioned that we may some fall in the market up to the levels of 19700-19780. It hastouched the same level. Now it looks possible that 19650 will be the next possible support. Shortterm traders as well as medium term positions can be initiated around current level to the levels of19650-19700. Short term trades need to be maintained with the stop loss.Overall trend is positive till we are trading above 19650 on weekly basis. As per our analysis, we aretrading near to the support level of 19650-19700 & need to take support around these levels.S&P 500(USA) – 1513.17Overall trend is positive but we may see some fall till the levels of 1492.Overall trend is positive. We will find support around 1495 levels. Look for entering long positionaround that level.AXIS BANK – 1477.70Overall trend is positive. Long positions need to be maintained with stop loss of 1440 & higher levelsof around 1603-1610 can be expected in coming weeks. It is also advisable to book 50% positions if itfalls below 1485.Overall trend is positive. As we suggested, booked 50% profit at 1485 levels as it has broken thatlevel. Now, it may come down to the levels of 1446-1450 in coming days.ICICI BANK – 1181.75Overall trend has turned bearish. Any fall below 1165 will invite fresh shorting opportunity in thestock.Overall trend is bearish. Look for going short below 1165 level.RELIANCE INDUSTRIES – 886.70Overall trend is sideways & trading in the range of 880-905. Any fall below 877 will triggered freshshort positions. Medium term trades need to be hold & short term trades need to be exited if ittrades below 877. On the higher side expect the levels of 912-916 to book profit in short termtrades.Overall trend is sideways. Look for going short below 877 levels. Short term traders need to exit theirposition if it falls below 877. Medium term positions need to be held. +91 84600 32788  support@shahadvisory.com 2 Save Trees. Do not Print. Read Disclaimer on our website
  3. 3. Tuesday, 05th February 2013  - www.shahadvisory.com Follow us on Twitter - @equityadvisory Shah Advisory – Daily Morning NewsletterTATA MOTORS – 292Overall trend is negative. All the mentioned levels on lower side attained. Stay away as of now forintraday trade as well as short term trade.Overall trend is negative. Intraday, if it crosses the level of 297 than buy else look for shortingaround current level & we may see the lower levels of 287-284. Keep stop loss of 297.TATA STEEL – 395.05Overall trend is negative. 397-399 remains to be the good support. Any fall below that level will takestock further down to 394-386 levels.Overall trend is negative. It has broken the mentioned support levels. Now it is expected to go to thelevels of 386 in coming days.SBI – 2352.60Overall trend is negative. Our long positions exited as the stop loss hit. Intraday if it rises to thelevels of 2450, it has to be used to go short and fall below 2400 can also be used for shortingopportunity. Lower levels of 2370-2335 can be expected.Overall trend is negative. We advised to go short below 2400 for the expected levels of 2370-2335. Ittouched the low of 2345. Now hold the position & trail stop loss to 2375. We may see the lowerlevels of 2264 also in coming days. It is advised to book 50% profit around 2335 levels.USDINR – SPOT – 53.29Overall trend is negative. We mentioned that lower levels can be expected & it moved down till53.07. Intraday rise above 53.30 can be used to go long for the targets of 53.45-53.50.Overall trend is negative. We may see the levels of 53.40-53.55. +91 84600 32788  support@shahadvisory.com 3 Save Trees. Do not Print. Read Disclaimer on our website
  4. 4. Tuesday, 05th February 2013  - www.shahadvisory.com Follow us on Twitter - @equityadvisory Shah Advisory – Daily Morning Newsletter Stocks with Positive Breakout Stock Name Buying Range REC 250.50 HUL 470.40 WIPRO 411.20 Stocks with Negative Breakout Stock Name Selling Range JSW Energy 70.25 Reliance 882 ONGC 323.80 RCom 77.40-77.45 LT 1523-1524NOTE –Red colour – Last View / update on the scripGreen colour – Current View / update on the scrip YOU CAN ALSO VIEW THIS REPORT ON THE WEB - VISIT - HTTP ://WWW.SHAHADVISORY .COM/DAILY-MARKET-VIEW.HTML +91 84600 32788  support@shahadvisory.com 4 Save Trees. Do not Print. Read Disclaimer on our website

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