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Daily Newsletter - 10 01-2013
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Daily Newsletter - 10 01-2013



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  • 1. SHAH ADVISORY Daily Morning Newsletter 10-01-2013 Vivek A. Shah 2013 WWW.SHAHADVISORY.COM
  • 2. Thursday, 10th January 2013  - Follow us on Twitter - @equityadvisory Shah Advisory – Daily Morning NewsletterBSE Sensex – 19666.59 TREND / PERIOD DAILY WEEKLY MONTHLY DIRECTION UP UP UP Trend Change Level 19580 19000 17900 (Closing Basis)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.Overall trend is positive as we are trading well above weekly trend level. Hold long position as weare expecting that index may close above 19800-19850. If that happens, we can see rally towards20500.S&P 500(USA) – 1457.15Overall trend is positive but may see some sideway moves. Buying can be initiated around 1451 level& also around 1460 levels.Overall trend is positive. We advised to buy around 1451 & at 1460. Both levels attained, now lookfor the higher levels of 1475 to book part position & higher levels of 1500 can be attained in comingweeks. Keep stop loss of 1438 for the position.AXIS BANK – 1349.65Overall 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 1340-1344 zone.Overall trend is sideways to positive. If we do not sustain around 1340-1344 zone we may see somedown side in the stock. As the stock has closed below 1350 today, positional traders need to exitfrom the trade once stock start trading below 1341 in the next trading session.ICICI BANK – 1180.45Overall 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.Overall trend is positive. Hold short position with the stop loss of 1191 & look for booking profitaround 1163-1160.RELIANCE INDUSTRIES – 852.70Overall trend is positive. Look for the lower levels of 840 to go long in the scrip for the short term.Overall trend is positive. Avoid taking any position currently. 835 is support for the stock. If sustainsaround that levels than expect bounce from that level. +91 84600 32788  2 Save Trees. Do not Print. Read Disclaimer on our website
  • 3. Thursday, 10th January 2013  - Follow us on Twitter - @equityadvisory Shah Advisory – Daily Morning NewsletterTATA MOTORS – 314.15Overall 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.Overall trend is positive. In our 01-01-2013 report we mentioned that positional traders can hold theposition for the targets around 334. It made a high of 330.35, so almost near to the target. Look forbooking profit there.TATA STEEL – 422.30Overall trend is positive. Fresh long can be initiated above 449 & fresh shorting can be done below429. Avoid trade between these levels.Overall trend is positive. We mentioned to go short below 429 & made a low of 421 in the sametrade day. It is advisable to book profit. Anyone still holding can keep stop loss of 426 & look for thelevels of 418 to book full profit.SBI – 2522.80Overall 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.Overall trend is positive. Intraday buying can be initiated if it comes to 2495 level. Also above 2540longs can be added or initiated if not go to 2495 levels.USDINR – SPOT – 54.7650Overall trend is positive. It looks like we may see fall till the level of 54.75 once we sustain below54.93 levels.Overall trend is positive. We advised that below 54.93, we may see the levels of 54.75 can be seen. Itmade a low of 54.7050. Now if we sustain above 54.92 for 15 minutes in the trade than long positioncan be initiated above that level & we may see rise to 55.05. +91 84600 32788  3 Save Trees. Do not Print. Read Disclaimer on our website
  • 4. Thursday, 10th January 2013  - Follow us on Twitter - @equityadvisory Shah Advisory – Daily Morning Newsletter Stocks with Positive Breakout Stock Name Buying Range Suzlon 20.05 Stocks with Negative Breakout Stock Name Selling Range Bajaj Auto 2140-2145 Bank of Baroda 864-865 SESA Goa 195.10 Sterlite Ind. 115.70-115.85 Wipro 392.50-392.70 Axis Bank 1341 Jindal Steel 445 Union Bank 269.70-269.90NOTE –Red colour – Last View / update on the scripGreen colour – Current View / update on the scrip +91 84600 32788  4 Save Trees. Do not Print. Read Disclaimer on our website