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Daily Newsletter - 09 01-2013
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Daily Newsletter - 09 01-2013

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Daily Newsletter - 09 01-2013 Daily Newsletter - 09 01-2013 Document Transcript

  • SHAH ADVISORY Daily Morning Newsletter 09-01-2013 Vivek A. Shah 2013 WWW.SHAHADVISORY.COM
  • Wednesday, 09th January 2013  - www.shahadvisory.com Follow us on Twitter - @equityadvisory Shah Advisory – Daily Morning NewsletterBSE Sensex – 19742.52 TREND / PERIOD DAILY WEEKLY MONTHLY DIRECTION UP UP UP Trend Change Level 19550 19000 17900 (Closing Basis)Overall trend is positive. As mentioned, level of 19800 will face resistance for the market. After asharp rally, this can be considered as a profit booking. Till we sustain above 19500 on closing basis,again we may see the rally from the lower levels of around 19580-19600.Overall trend is positive. Intraday buying can be initiated above 19780. As mentioned, till we sustainabove 19500 on closing basis, trend is positive & hold the long positions.S&P 500(USA) – 1461.89Overall 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.Overall trend is positive but may see some sideway moves. Buying can be initiated around 1451 level& also around 1460 levels.AXIS BANK – 1360.30Overall trend is positive. We advised to look for buying in dip to 1363. Those who entered longaround lower levels can keep stop loss of 1959 & look for the higher levels around 1376-1381-1385to book full profit.Overall trend is positive. For any positional long trade, keep stop loss of 1350 on closing basis. Ourstop loss for long position triggered so exited from the position. Avoid taking any position currently.It is expected that it may take support around 1440-1444 zone.ICICI BANK – 1179.55Overall trend is positive. Fresh entry on short side can be initiated for intraday purpose if we sustainbelow 1175 for the expected lower levels of 1167-1160 keeping stop loss of 1191.Overall trend is positive. Our level for short attained in the trade. Keep stop loss of 1191 & look forthe lower levels of 1163-1160 to book full profit.RELIANCE INDUSTRIES – 850.65Overall trend is positive. Those who have not booked profit & trailed the position are stopped outtoday. We may see the lower levels of around 840 in the coming days & short term traders caninitiate long around that levels.Overall trend is positive. Look for the lower levels of 840 to go long in the scrip for the short term. +91 84600 32788  support@shahadvisory.com 2 Save Trees. Do not Print. Read Disclaimer on our website
  • Wednesday, 09th January 2013  - www.shahadvisory.com Follow us on Twitter - @equityadvisory Shah Advisory – Daily Morning NewsletterTATA MOTORS – 314.15Overall trend is positive but some downside can be expected for coming few days. Any fall to thelevels of 295-298 to be used as buying opportunity in the stock.Overall trend is positive but we may see some down side in the stock. Though we are not suggestinggoing short but below 311 we may see fall till the levels of around 307-299. Look for buying aroundthese levels for short term trade with 50% quantity at each level.TATA STEEL – 433.35Overall trend is positive. We advised to go long above 439 & all the mentioned levels of 443-446attained in the trade, so booked profit. Fresh long can be initiated above 449 & fresh shorting can bedone below 429. Avoid trade between these levels.Overall trend is positive. Fresh long can be initiated above 449 & fresh shorting can be done below429. Avoid trade between these levels.SBI – 2493.35Overall trend is positive. We advised to book profit at 2490-2499 & it made a high of 2499. Freshshorts for 1-2 days can be initiated around 2475 levels for the possible lower levels of 2445-2450keeping stop loss of 2490.Overall trend is positive. Our short call stopped out in the trade. It looks like that up move in thestock is losing the strength. Go short below 2460 for possible lower levels of 2440.USDINR – SPOT – 55.2250Overall trend is positive. We advised to go long around 54.95 levels & all the recommended targetson higher side attained in the trade. Fresh entry will be communicated.Overall trend is positive. It looks like we may see fall till the level of 54.75 once we sustain below54.93 levels. +91 84600 32788  support@shahadvisory.com 3 Save Trees. Do not Print. Read Disclaimer on our website
  • Wednesday, 09th January 2013  - www.shahadvisory.com Follow us on Twitter - @equityadvisory Shah Advisory – Daily Morning Newsletter Stocks with Positive Breakout Stock Name Buying Range Sun Pharma 761-762 Praj Ind. 52.30-52.35 Coromandal Int. 266.40-266.80 Educomp 155.40-155.60 Powergrid 117.20-117.30 TATA Global 165.20-165.30 Stocks with Negative Breakout Stock Name Selling Range Axis Bank 1341-1342 Jindal steel 448.10-448.40 LIC Hou. Fin. 286.15-286.40 McLeod Russel 349.20-349.50 TATA Steel 429-429.40 Resington India 84.60-84.65 UBL 879-880 Federal Bank 514.50-515.50NOTE –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