Daily Newsletter - 25-03-2013

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Daily Newsletter - 25-03-2013

  1. 1. SHAH ADVISORY Daily Morning Newsletter 25-03-2013 Vivek A. Shah 2013 WWW.SHAHADVISORY.COM
  2. 2. Monday, 25th March 2013  - www.shahadvisory.com Follow us on Twitter - @equityadvisory Shah Advisory – Daily Morning NewsletterBSE Sensex – 18735.60 TREND / PERIOD DAILY WEEKLY MONTHLY DIRECTION DOWN DOWN UP Trend Change Level 19220 19500 17670 (Closing Basis)Overall trend is down. It has attained our initial target of 18760. Now if sustains below 18700 thannext target will be 18400-18000-17670-17100-16550.Overall trend is down. Two consecutive closes below 18700 will open the target for the next lowerlevels of 18400-18000-17670.S&P 500(USA) – 1556.89Overall trend is positive. We advised not to short and market bounce from that level. Go short onlybelow 1535 and add to short if sustains below 1524 on closing basis.Overall trend is sideways. On lower side it may slip to 1524 levels & on higher side it will faceresistance around 1568.AXIS BANK – 1300.05Overall trend is down. Any close below 1295 will take it to 1224 levels.Overall trend is down. Any close below 1295 will take it to 1224 levels initially. On any intraday riseto 1325-1330, look for going short with stop at 1335.ICICI BANK – 1028.35Overall trend is down. Intraday short positions can be initiated below 1019 for the targets of 1000and 980 with stop at 1040.Overall trend is down. Hold positional short positions with stop at 1040 for the mentioned levels of1000-980.RELIANCE INDUSTRIES – 810.60Overall trend is down. We advised to buy above 832 & it just returned from that level. Those whoentered were exited at 825. It has support around 785. If sustains below it on closing basis than wemay see the levels of 680-700 in coming weeks.Overall trend is down. Stock has support around 785. As we have mentioned, any sustained closebelow that level will take it to 700-680 in coming weeks.TATA MOTORS – 270.35Overall trend is down. As it has broken the support at 280 & closed below it, now we may see thelevels of 255-240 in coming days to weeks.Overall trend is down. Intraday rise to 276-277 is to be used to go short keeping stop at 280 for thepossible lower levels of 270-265. +91 84600 32788  support@shahadvisory.com 2 Save Trees. Do not Print. Read Disclaimer on our website
  3. 3. Monday, 25th March 2013  - www.shahadvisory.com Follow us on Twitter - @equityadvisory Shah Advisory – Daily Morning NewsletterTATA STEEL – 321.85Overall trend is down. Our long positions initiated were stopped out. Any weekly close below 320will take it to the levels of 200 in coming weeks.Overall trend is down. Keep watch on the weekly close of 320. Only for intraday, buy if crosses above328 for the level of 334 with stop at 324.SBI – 2083.95Overall trend is down. Now below 2050 it will try to touch to the levels of 1980 in coming days. Ifmarket condition is not positive, we may see the levels of 1800 in coming weeks.Overall trend is down. Intraday go short below 2070 for the levels of 2050 with stop at 2080. Below2050, it will go to 1980 initially.USDINR – SPOT – 54.33Overall trend is down. Hold short positions for positional trade as advised with the stop loss of54.57. We may see the levels of 54.15-54.10-54.95. For intraday only, if it goes above 54.37, we maysee the levels of 54.50-54.52.Overall trend is down. Hold positional short positions with stop at 54.57. +91 84600 32788  support@shahadvisory.com 3 Save Trees. Do not Print. Read Disclaimer on our website
  4. 4. Monday, 25th March 2013  - www.shahadvisory.com Follow us on Twitter - @equityadvisory Shah Advisory – Daily Morning Newsletter Stocks with Positive Breakout Stock Name Buying Range - - Stocks with Negative Breakout Stock Name Selling Range McDowell 1820-1822 TCS 1530NOTE –Red colour – Last View / update on the scripGreen colour – Current View / update on the scrip YOU CAN ALSO VIEW THIS REPORT ON THE WEB - +91 84600 32788  support@shahadvisory.com 4 Save Trees. Do not Print. Read Disclaimer on our website

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