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Daily Newsletter - 06 02-2013
Daily Newsletter - 06 02-2013
Daily Newsletter - 06 02-2013
Daily Newsletter - 06 02-2013
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Daily Newsletter - 06 02-2013

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  • 1. SHAH ADVISORY Daily Morning Newsletter 06-02-2013 Vivek A. Shah 2013 WWW.SHAHADVISORY.COM
  • 2. Wednesday, 06th February 2013  - www.shahadvisory.com Follow us on Twitter - @equityadvisory Shah Advisory – Daily Morning NewsletterBSE Sensex – 19659.82 TREND / PERIOD DAILY WEEKLY MONTHLY DIRECTION Sideways – Down UP UP Trend Change Level 19950 19650 17900 (Closing Basis)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.Overall trend is positive. We are trading very near to the support of 19650. Weekly close below thislevel will be the sigh of further weakness in the market.S&P 500(USA) – 1495.71Overall trend is positive. We will find support around 1495 levels. Look for entering long positionaround that level.Overall trend will turn negative if it falls below 1494. It is near to the level that we mentioned. Onceit falls below 1494, next support will be at 1483.AXIS BANK – 1459.15Overall 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.Overall trend is positive. As we suggested, it has almost come near to the mentioned level of 1450. Ithas made a low of 1453.10. It may find support around 1446-1450 level. Short term fresh buying canbe initiated around these levels keeping stop loss of 1425.ICICI BANK – 1166.05Overall trend is bearish. Look for going short below 1165 level.Overall trend is bearish. Our short initiated below 1165. Now look for the expected lower levels of1143-1115 in coming days. Keep stop loss of 1187 for the trade.RELIANCE INDUSTRIES – 874.75Overall 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.Overall trend has turned bearish till it trades below 900. We have exited short term buying positionsas it falls below 877. Medium term traders need to hold the positions. Now we may see the levels of845 in the coming days.TATA MOTORS – 287.20Overall 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. +91 84600 32788  support@shahadvisory.com 2 Save Trees. Do not Print. Read Disclaimer on our website
  • 3. Wednesday, 06th February 2013  - www.shahadvisory.com Follow us on Twitter - @equityadvisory Shah Advisory – Daily Morning NewsletterOverall trend is negative. It has almost attained both the lower level targets as mentioned. We maysee the levels of 282-280 in coming days. Medium term traders need to initiate long positionsaround 282 levels.TATA STEEL – 394.75Overall trend is negative. It has broken the mentioned support levels. Now it is expected to go to thelevels of 386 in coming days.Overall trend is negative. It is likely to touch the levels of 389-386 in coming days.SBI – 2371.50sOverall 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.Overall trend is negative. It has attained our target of 2335. For any short positions, stop loss of 2400is advisable.USDINR – SPOT – 53.1250Overall trend is negative. We may see the levels of 53.40-53.55.Overall trend is negative. It has almost touched the level of 53.40. it looks like it will again come tothe levels of 52.98-52.92. +91 84600 32788  support@shahadvisory.com 3 Save Trees. Do not Print. Read Disclaimer on our website
  • 4. Wednesday, 06th February 2013  - www.shahadvisory.com Follow us on Twitter - @equityadvisory Shah Advisory – Daily Morning Newsletter Stocks with Positive Breakout Stock Name Buying Range Sun Pharma 754 Bajaj Auto 2112-2113 Stocks with Negative Breakout Stock Name Selling Range Titan 274.70-274.85 Yes Bank 510.60-510.80 Indiabulls Fin. 300.70-300.90 Tech Mahindra 956-957 HCL tech 667.70-667.90 ICICI Bank 1160-1161 INFY 2741-2742 JSW Steel 833-834NOTE –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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