Daily Newsletter - 30 01-2013

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  • 1. SHAH ADVISORY Daily Morning Newsletter 30-01-2013 Vivek A. Shah 2013 WWW.SHAHADVISORY.COM
  • 2. Wednesday, 30th January 2013  - www.shahadvisory.com Follow us on Twitter - @equityadvisory Shah Advisory – Daily Morning NewsletterBSE Sensex – 19990.90 TREND / PERIOD DAILY WEEKLY MONTHLY DIRECTION Sideways – Down UP UP Trend Change Level 19990 19650 17900 (Closing Basis)Overall trend is positive. In the coming days we can see the levels of 20500-20600. Keep stop loss of19950. We may see some strong moves in the coming days in the market due to upcoming eventslike RBI policy, F&O expiry. Trade keeping strict stop loss.Overall trend is positive but for intraday to next 2-3 days we may see some fall in the market till thelevels of 19720. Medium term traders need to keep stop loss of 19650 for their positions.S&P 500(USA) – 1500.18Overall trend is positive. Our mentioned level of 1500 attained on the index so advised to book fullprofit here. Anyone still want to hold the positions can keep stop loss of 1487 & look for the levels of1530-1533 in coming days to week to book profit.Overall trend is positive. Our target is already attained in the index. Now we may see someconsolidation in the index for next few days & expect it to trade in the range of 1500-1480.AXIS BANK – 1475.45Overall trend has turned positive. Short term long position can be initiated above 1429-1430. Keepstop loss of 1402 for the same position.Overall trend is positive. We advised to initiate long above 1430. Those who bought got very strongintraday move of around 4%. Those who are still holding the positions need to keep stop loss of 1428& we may see the levels of around 1600 in the coming weeks.ICICI BANK – 1201.20Overall trend is sideways to positive. Look for selling only below 1155 & buy only on cross of 1198.Overall trend is positive. We advised to buy above 1198 & it made a high of 1228 giving nearly 2.5%move intraday. Anyone still holding the position can keep stop loss of 1192 & look for the higherlevels of 1228-1235 to book full profits.RELIANCE INDUSTRIES – 882.85Overall trend is positive. Our recommended buying level attained in the trade. Now hold positionswith the stop loss of 883 & look for the higher levels of 916-929 to book full profit.Overall trend has turned negative. Medium term traders who bought reliance around 892-896 rangecan keep the positions. Intraday to short term traders need to keep stop loss of 877 below which wemay see fall to the levels of around 845-850. +91 84600 32788  support@shahadvisory.com 2 Save Trees. Do not Print. Read Disclaimer on our website
  • 3. Wednesday, 30th January 2013  - www.shahadvisory.com Follow us on Twitter - @equityadvisory Shah Advisory – Daily Morning NewsletterTATA MOTORS – 304.25Overall trend is weak. 308-309 is resistance as we mentioned. Now any cross above 311 will againtake stock to higher levels so advised to buy on cross of 311. Else shorting on fall below 307-308 withstop loss of 311 can be initiated.Overall trend is weak. We got 1% move in intraday trade on both sell side as well as buy side. Nowany open long positions need to be closed as we mention stop loss at 308. Any open short positionsneed to be maintained with the stop loss of 310 & look for the lower levels of 299-295-289 to bookfull profit. Book half of the position around 295 levels.TATA STEEL – 399Overall trend is negative. But we may see some rise in the stock till the levels of around 414-416.Look for buying on cross of 411 and any fall to the levels of around 393-394 to be used to enter longpositions for short term view.Overall trend is negative. We advised to buy above 411 & it returned from 411.40. Anyone holdinglong positions need to close it if goes below 393. As we are advising, we may see the levels of 393-394 in coming days. Any sustenance below 398 levels on closing basis will threaten the uptrend ofthe stock.SBI – 2462.45Overall trend is positive. Those who have not booked profit can keep stop loss of 2480 & look for thehigher levels of 2540-2550 to book full profit.Overall trend has turned sideways to negative. It looks that we may see the levels of 2440-2423 inthe stock where short term buying can be initiated.USDINR – SPOT – 53.7650Overall trend is negative. Though longs initiated around 53.9050 to be kept open with stop loss of53.75 & look for the higher levels of 54.20 to book profit.Overall trend is negative. Our given stop loss triggered in long call. Intraday buying can be initiatedabove 53.89 for the targets of 54.04-54.10. +91 84600 32788  support@shahadvisory.com 3 Save Trees. Do not Print. Read Disclaimer on our website
  • 4. Wednesday, 30th January 2013  - www.shahadvisory.com Follow us on Twitter - @equityadvisory Shah Advisory – Daily Morning Newsletter Stocks with Positive Breakout Stock Name Buying Range Divis Labs 1079-1080 Shriram Transport 781 Stocks with Negative Breakout Stock Name Selling Range Bharti Airtel 347.40-347.60 OFSS 3210 Reliance 877 ICICI Bank 1196-1196.70 (Intraday)NOTE –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