Daily Newsletter - 08 01-2013

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Daily Newsletter - 08 01-2013

  1. 1. SHAH ADVISORY Daily Morning Newsletter 08-01-2013 Vivek A. Shah 2013 WWW.SHAHADVISORY.COM
  2. 2. Tuesday, 08th January 2013  - www.shahadvisory.com Follow us on Twitter - @equityadvisory Shah Advisory – Daily Morning NewsletterBSE Sensex – 19691.42 TREND / PERIOD DAILY WEEKLY MONTHLY DIRECTION UP UP UP Trend Change Level 19500 19000 17900 (Closing Basis)Overall trend is positive. We have almost attained with the mentioned level of 19800. Now if wesustains here above this level on closing basis than in coming weeks we may see the levels of around20500 on the index.Overall trend is positive. As mentioned, level of 19800 will face resistance for the market. After asharp rally, this can be considered as a profit booking. Till we sustain above 19500 on closing basis,again we may see the rally from the lower levels of around 19580-19600.S&P 500(USA) – 1466.47It is advised to book profit around this level. Fresh entry will be informed.Overall trend is positive but the strength to the rally will come again after crossing 1478-1480 zones.Buy around 1460-1461 or on cross of 1478.AXIS BANK – 1372.85Overall trend is positive. Our buying stop loss triggered so exited the position. Use any fall to 1363 asa buying opportunity.Overall trend is positive. We advised to look for buying in dip to 1363. Those who entered longaround lower levels can keep stop loss of 1959 & look for the higher levels around 1376-1381-1385to book full profit.ICICI BANK – 1182.15Overall trend is positive. Our target on buy side of 1185 attained almost as it made a high of1184.90. Anyone still holding long position can trail stop loss to 1175 & look for the levels of 1189-1190 to book full profit.Overall trend is positive. Fresh entry on short side can be initiated for intraday purpose if we sustainbelow 1175 for the expected lower levels of 1167-1160 keeping stop loss of 1191.RELIANCE INDUSTRIES – 856.60Overall trend is positive. Keep stop loss at 852 & look for the higher levels of around 869-874 tobook full profit.Overall trend is positive. Those who have not booked profit & trailed the position are stopped outtoday. We may see the lower levels of around 840 in the coming days & short term traders caninitiate long around that levels. +91 84600 32788  support@shahadvisory.com 2 Save Trees. Do not Print. Read Disclaimer on our website
  3. 3. Tuesday, 08th January 2013  - www.shahadvisory.com Follow us on Twitter - @equityadvisory Shah Advisory – Daily Morning NewsletterTATA MOTORS – 313.25Overall trend is positive. Our trailing stop of 316 triggered. Below 316 also it went down to almosttough level of 313 as made a low of 313.20. Go long above 318 & higher levels of around 321-324are expected.Overall trend is positive but some downside can be expected for coming few days. Any fall to thelevels of 295-298 to be used as buying opportunity in the stock.TATA STEEL – 440.90Overall trend is positive. Intraday to short term traders can initiate long positions above 439 levels &higher levels of 443-446 can be expected.Overall trend is positive. We advised to go long above 439 & all the mentioned levels of 443-446attained in the trade, so booked profit. Fresh long can be initiated above 449 & fresh shorting can bedone below 429. Avoid trade between these levels.SBI – 2467.60Overall trend is positive. Our target of 2490 on long side attained. Those still holding long positioncan keep stop loss of 2474 but it is advised to book profit in the range of 2490-2499.Overall trend is positive. We advised to book profit at 2490-2499 & it made a high of 2499. Freshshorts for 1-2 days can be initiated around 2475 levels for the possible lower levels of 2445-2450keeping stop loss of 2490.USDINR – SPOT – 55.2250Overall trend is positive. Our buying level did not attained in the trade. Positional traders can holdlong position. Intraday dip to 54.95 can be used to long for the expected higher levels of 55.05-55.10keeping stop loss of 54.88.Overall trend is positive. We advised to go long around 54.95 levels & all the recommended targetson higher side attained in the trade. Fresh entry will be communicated. +91 84600 32788  support@shahadvisory.com 3 Save Trees. Do not Print. Read Disclaimer on our website
  4. 4. Tuesday, 08th January 2013  - www.shahadvisory.com Follow us on Twitter - @equityadvisory Shah Advisory – Daily Morning Newsletter Stocks with Positive Breakout Stock Name Buying Range M&M 958.70-959.20 Adani Power 65.55-65.60 Exide Ind. 147.60-147.80 Hind Oil Expl. 109.60-109.80 Stocks with Negative Breakout Stock Name Selling Range JP associate 97.85-97.90 TATA Power 107.85-107.90 Union Bank 272.10-272.20 ZEEL 221.60-221.80 Mcdowell 1905-1910 TATA Steel 429-429.40NOTE –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

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