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Daily Newsletter - 07 01-2013
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Daily Newsletter - 07 01-2013

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  • 1. SHAH ADVISORY Daily Morning Newsletter 07-01-2013 Vivek A. Shah 2013 WWW.SHAHADVISORY.COM
  • 2. Monday, 07th January 2013  - www.shahadvisory.com Follow us on Twitter - @equityadvisory Shah Advisory – Daily Morning NewsletterBSE Sensex – 19784.08 TREND / PERIOD DAILY WEEKLY MONTHLY DIRECTION UP UP UP Trend Change Level 19500 19000 17900 (Closing Basis)Overall trend is positive. As mentioned, we are expecting levels of 19800-19820 & we will seewhether it sustains above it on closing basis or not. If it sustains on closing basis above 19800, wemay see further rise in the index to the level of 20500 on SENSEX.Overall trend is positive. We have almost attained with the mentioned level of 19800. Now if wesustains here above this level on closing basis than in coming weeks we may see the levels of around20500 on the index.S&P 500(USA) – 1466.47It is advised to book profit around this level. Fresh entry will be informed.Overall trend is positive but the strength to the rally will come again after crossing 1478-1480 zones.Buy around 1460-1461 or on cross of 1478.AXIS BANK – 1378.95Overall trend is positive. Our buying level of 1395.50 attained so hold long position with the stop lossof 1372 & look for the higher levels of around 1428 to book full profit.Overall trend is positive. Our buying stop loss triggered so exited the position. Use any fall to 1363 asa buying opportunity.ICICI BANK – 1182.40Overall trend is positive. We advised to go long around 1164-1166 which attained in the trade. Nowlook for the levels of around 1185-1190 to book full profit keeping stop loss at 1155.Overall trend is positive. Our target on buy side of 1185 attained almost as it made a high of1184.90. Anyone still holding long position can trail stop loss to 1175 & look for the levels of 1189-1190 to book full profit.RELIANCE INDUSTRIES – 861.85Overall trend is positive. Our target of 860 attained. Anyone still holding the long position can keepstop loss at 852 & look for the higher levels of 870-872 to book full profit.Overall trend is positive. Keep stop loss at 852 & look for the higher levels of around 869-874 tobook full profit.TATA MOTORS – 315.40Overall trend is positive. Those who are holding long position need to trail stop loss to 316 and lookfor booking profit around 324 levels. Below 316, we may see the levels of 313-311. +91 84600 32788  support@shahadvisory.com 2 Save Trees. Do not Print. Read Disclaimer on our website
  • 3. Monday, 07th January 2013  - www.shahadvisory.com Follow us on Twitter - @equityadvisory Shah Advisory – Daily Morning NewsletterOverall trend is positive. Our trailing stop of 316 triggered. Below 316 also it went down to almosttough level of 313 as made a low of 313.20. Go long above 318 & higher levels of around 321-324are expected.TATA STEEL – 433.50Overall trend is positive. It almost attained our target of 445 as made a high of 444.60. Now freshentry can be taken above 446 levels.Overall trend is positive. Intraday to short term traders can initiate long positions above 439 levels &higher levels of 443-446 can be expected.SBI – 2486.70Overall trend is positive. Look for buying around 2465 levels & keep stop loss of 2440 and look forthe higher levels of 2490-2498 to book full profit.Overall trend is positive. Our target of 2490 on long side attained. Those still holding long positioncan keep stop loss of 2474 but it is advised to book profit in the range of 2490-2499.USDINR – SPOT – 55.0750Overall trend is positive. Keep watch on levels of 54.15-54.04 to go long. For intraday, buying can beinitiated around current level keeping stop loss of 54.40 for the expected levels of 54.65-54.70 onhigher side.Overall trend is positive. Our buying level did not attained in the trade. Positional traders can holdlong position. Intraday dip to 54.95 can be used to long for the expected higher levels of 55.05-55.10keeping stop loss of 54.88. +91 84600 32788  support@shahadvisory.com 3 Save Trees. Do not Print. Read Disclaimer on our website
  • 4. Monday, 07th January 2013  - www.shahadvisory.com Follow us on Twitter - @equityadvisory Shah Advisory – Daily Morning Newsletter Stocks with Positive Breakout Stock Name Buying Range Chambal Fert. 70.80-71 HUL 537.60-538 Karnataka Bank 182.10-182.40 Petronet LNG 164.20-164.50 Jain Irrigation 79.50-79.60 Rpower 97.20-97.25 Titan Ind. 288.20-288.80 Stocks with Negative Breakout Stock Name Selling Range Federal bank 525-525.50 Glenmark 521.50-522 Havells India 633-634 Kotak Bank 644-645 Mcdowell 1905-1910 TATA Steel 429-429.40NOTE –Red colour – Last View / update on the scripGreen colour – Current View / update on the scrip +91 84600 32788  support@shahadvisory.com 4 Save Trees. Do not Print. Read Disclaimer on our website