Daily Newsletter - 11 02-2013

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Daily Newsletter - 11 02-2013

  1. 1. SHAH ADVISORY Daily Morning Newsletter 11-02-2013 Vivek A. Shah 2013 WWW.SHAHADVISORY.COM
  2. 2. Monday, 11th 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 on weekly level is at the point of change. Index should sustain above 19650 levels onweekly basis to stay in the overall medium term uptrend.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.S&P 500(USA) – 1509.39Overall trend is positive. Any close below 1504 will turn trend down. Keep watch on the level.Overall trend is positive. As men mentioned, 1504 on closing basis is important. If closes below itthan we may see further fall.AXIS BANK – 1450.80Overall trend is positive. As mentioned, short term buying can be initiated around 1446-1450 levelkeeping stop loss of 1425.Overall 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.ICICI BANK – 1130.15Overall trend is bearish. Our mentioned level of 1143 attained in the trade. Hold on to the shortswith the stop loss of 1160 for the lower levels of 1115.Overall 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.RELIANCE INDUSTRIES – 863.55Overall trend is bearish. We are expecting the levels of 845 in coming days. Once the stock starttrading below 867, we may see sharp fall in the stock.Overall 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.TATA MOTORS – 285.40Overall trend is negative. Medium term buying can be initiated around 282-283 levels.Overall trend is negative. As mentioned, short term buying can be initiated around 282-283 levels oreven around current level. +91 84600 32788  support@shahadvisory.com 2 Save Trees. Do not Print. Read Disclaimer on our website
  3. 3. Monday, 11th February 2013  - www.shahadvisory.com Follow us on Twitter - @equityadvisory Shah Advisory – Daily Morning NewsletterTATA STEEL – 387.45Overall trend is bearish. As we mentioned, 389 is almost attained. Now look for the levels of 386-378to come. Keep stop loss of 403 for any short positions.Overall 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.SBI – 2286.15Overall trend is bearish. It has come down to the levels of 2320. Hold short positions with the stoploss of 2364 as we have already booked 50% positions around 2335 level. Now we may see the levelsof 2300-2290 where one should book full profit. Also medium term buying can be initiated around2290-2300 levels.Overall trend is bearish. Our target attained in the trade. Now medium term traders may initiatelong position around these levels.USDINR – SPOT – 53.5150Overall trend is negative. It has crossed the level of 53.26, now it may see the levels of 53.40-53.50.Overall trend is negative. Our mentioned level attained in the trade. Further updates will becommunicated. Some bounce back up to 53.75 is possible. +91 84600 32788  support@shahadvisory.com 3 Save Trees. Do not Print. Read Disclaimer on our website
  4. 4. Monday, 11th February 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 - -NOTE –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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