Daily Newsletter - 12 02-2013

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Daily Newsletter - 12 02-2013

  1. 1. SHAH ADVISORY Daily Morning Newsletter 12-02-2013 Vivek A. Shah 2013 WWW.SHAHADVISORY.COM
  2. 2. Tuesday, 12th February 2013  - www.shahadvisory.com Follow us on Twitter - @equityadvisory Shah Advisory – Daily Morning NewsletterBSE Sensex – 19484.77 TREND / PERIOD DAILY WEEKLY MONTHLY DIRECTION Down UP UP Trend Change Level 19850 19700 17900 (Closing Basis)Overall trend is down & medium term trend will also turn down once the index will start tradingbelow 19380 levels. So keep watch on the level of 19380. If it trades below it than expect fall to theinitial level of 18800. If it does not falls below 19380 than expect bounce up to 19700.Overall trend looks down & weekly trend is also getting weak & will be confirmed once the indexstarts trading below 19380. If it sustains above that level, than we may see some bounce up to19700. It is advised to trade with strict stop losses & keep booking profit at important levels.S&P 500(USA) – 1517.93Overall trend is positive. As mentioned, 1504 on closing basis is important. If closes below it than wemay see further fall.Overall trend is positive. It has taken support around 1504 level & able to sustain above 1504 onclosing basis & closed around 1517. In coming days, we may see the levels of 1532 on the index.Keep stop loss of 1504 on closing basis.AXIS BANK – 1494.10Overall trend of the stock is positive. Short term weakness is prevailing in the stock. As mentioned,levels of 1446 attained & need to be used for short term buying keeping stop loss of 1425. Hold onto positions with mentioned stop loss.Overall trend is positive. It just bounced exactly from the mentioned levels of 1446-1450. Also weadvised to buy there & now closed at 1494.10, thus getting around 3% returns. It is advised to book50% profit here & remaining positions can be held with the trailing stop loss of 1472. We may seethe levels of 1510 in a day or two.ICICI BANK – 1122.70Overall trend is bearish. It has made a low around 1125. It is advised to book profit around here. Anyone wants to hold can trail stop loss to 1151.Overall trend is bearish. It has attained almost all the mentioned levels on lower side. Short positionsneed to be closed here. Anyone wants to take buy position for medium term can initiate around thislevel keeping stop loss of 1098.RELIANCE INDUSTRIES – 868.40Overall trend is bearish. It has made a low around 857 & near to our target of 845. It is advised tobook profit around mentioned level & trail stop loss to 876 to hold this position.Overall trend is bearish. Hold short positions for expected lower levels of 845 & trail stop loss to 876. +91 84600 32788  support@shahadvisory.com 2 Save Trees. Do not Print. Read Disclaimer on our website
  3. 3. Tuesday, 12th February 2013  - www.shahadvisory.com Follow us on Twitter - @equityadvisory Shah Advisory – Daily Morning NewsletterTATA MOTORS – 290.90Overall trend is negative. As mentioned, short term buying can be initiated around 282-283 levels oreven around current level.Overall trend is sideways to bearish, trading in the range of 285-295. Cross above 295 will take itfurther to 302 levels. Any dip to 282-283 levels need to use for buying for medium term.TATA STEEL – 384.80Overall trend is bearish. As mentioned our level of 386 attained in the trade. We may see the level of378. Trail stop loss to 395 for the position.Overall trend is bearish. Trail stop loss to 394 & look for the lower levels of 378 to book full profit.SBI – 2294.35Overall trend is bearish. Our target attained in the trade. Now medium term traders may initiatelong position around these levels.Overall trend is bearish. But not advising to go short. Also we mentioned that medium term buyingcan be initiated around 2280-2300 levels. Hold to long positions for medium term.USDINR – SPOT – 53.86Overall trend is negative. Our mentioned level attained in the trade. Further updates will becommunicated. Some bounce back up to 53.75 is possible.Overall trend is negative. We may see rise to 53.98-54.02 once it crosses 53.87. it has supportaround 53.70. +91 84600 32788  support@shahadvisory.com 3 Save Trees. Do not Print. Read Disclaimer on our website
  4. 4. Tuesday, 12th February 2013  - www.shahadvisory.com Follow us on Twitter - @equityadvisory Shah Advisory – Daily Morning Newsletter Stocks with Positive Breakout Stock Name Buying Range HDFC Bank 660.50-661 Powergrid 113.05-113.10 Stocks with Negative Breakout Stock Name Selling Range Asian Paints 4460-4465 Maruti 1550-1552 ITC 302.80-302.90 UBL 712-713NOTE –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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