• Share
  • Email
  • Embed
  • Like
  • Save
  • Private Content
Daily Newsletter - 31 01-2013
 

Daily Newsletter - 31 01-2013

on

  • 180 views

 

Statistics

Views

Total Views
180
Views on SlideShare
180
Embed Views
0

Actions

Likes
0
Downloads
0
Comments
0

0 Embeds 0

No embeds

Accessibility

Categories

Upload Details

Uploaded via as Adobe PDF

Usage Rights

© All Rights Reserved

Report content

Flagged as inappropriate Flag as inappropriate
Flag as inappropriate

Select your reason for flagging this presentation as inappropriate.

Cancel
  • Full Name Full Name Comment goes here.
    Are you sure you want to
    Your message goes here
    Processing…
Post Comment
Edit your comment

    Daily Newsletter - 31 01-2013 Daily Newsletter - 31 01-2013 Document Transcript

    • SHAH ADVISORY Daily Morning Newsletter 31-01-2013 Vivek A. Shah 2013 WWW.SHAHADVISORY.COM
    • Thursday, 31st January 2013  - www.shahadvisory.com Follow us on Twitter - @equityadvisory Shah Advisory – Daily Morning NewsletterBSE Sensex – 20005 TREND / PERIOD DAILY WEEKLY MONTHLY DIRECTION Sideways – Down UP UP Trend Change Level 19990 19650 17900 (Closing Basis)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.Overall trend is positive but as we are suggesting, we may see fall of around 200-250 points on theindex up to the levels of around 19700-19780.S&P 500(USA) – 1507.84Overall 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.Overall trend is positive. Index has crossed & closed above 1500 level. Now till it sustains above 1504level, we can expect next higher levels of around 1532 in few weeks.AXIS BANK – 1501.25Overall 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.Overall trend is positive. Those holding long position need to trail stop loss to 1440 levels & look forthe higher levels of 1603-1610 in coming weeks.ICICI BANK – 1212.70Overall 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.Overall trend is positive. Those holding longs positions need to book profits around 1228-1235 levelskeeping stop loss of 1192.RELIANCE INDUSTRIES – 899.40Overall 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.Overall trend is positive but short term weakness can be witnessed in the stock. Medium termtraders need to hold the position. Short term traders need to keep stop loss of 877 & look for thehigher levels of 917 to book full profits. +91 84600 32788  support@shahadvisory.com 2 Save Trees. Do not Print. Read Disclaimer on our website
    • Thursday, 31st January 2013  - www.shahadvisory.com Follow us on Twitter - @equityadvisory Shah Advisory – Daily Morning NewsletterTATA MOTORS – 299.20Overall 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.Overall trend is negative. Hold on to shorts keeping stop loss of 307. Our target 1 of 299 alreadyattained. Look for the levels of 295-289 to book profit as advised.TATA STEEL – 406.25Overall 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.Overall trend is negative. 399 remain to be the support for the stock. Any sustenance on closingbasis below 399 will turn trend down for medium term.SBI – 2436.10Overall 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.Overall trend is sideways to negative. Our mentioned levels of 2440 attained. Those who haveinitiated longs around that level need to keep stop loss of 2420 & look for the higher levels of 2480to book full profits.USDINR – SPOT – 53.3050Overall 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.Overall trend is negative. We may see the lower levels in coming days. +91 84600 32788  support@shahadvisory.com 3 Save Trees. Do not Print. Read Disclaimer on our website
    • Thursday, 31st January 2013  - www.shahadvisory.com Follow us on Twitter - @equityadvisory Shah Advisory – Daily Morning Newsletter Stocks with Positive Breakout Stock Name Buying Range Biocon 285 Stride Arcolab 1117-1118 Indusind Bank 437.20-437.50 Mcleod Russel 360.60-361 Stocks with Negative Breakout Stock Name Selling Range SBIN 2420 TATA Coffee 1503-1506 ICICI Bank 1204 (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