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Daily Newsletter - 11-03-2013

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Daily Newsletter - 11-03-2013

  1. 1. SHAH ADVISORY Daily Morning Newsletter 11-03-2013 Vivek A. Shah 2013 WWW.SHAHADVISORY.COM
  2. 2. Monday, 11th March 2013  - www.shahadvisory.com Follow us on Twitter - @equityadvisory Shah Advisory – Daily Morning NewsletterBSE Sensex – 19683.23 TREND / PERIOD DAILY WEEKLY MONTHLY DIRECTION UP UP UP Trend Change Level 19350 19500 17670 (Closing Basis)Overall trend will get positive once we will get weekly close above 19490. For the day, we may seetrend turning positive once it will start trading above 19480. As we mentioned below 19380 trendwill turn negative & will go for initial target of 18700 & made a low of 18760. At that level, wementioned that market may see bounce till 19250-19400 & we got the same move. Now for anyshort positions taken at mentioned levels need to be hold on with the stop loss of 19480 on closingbasis.Overall trend on daily basis is up. Weekly trend will turn above 19750. Short positions were stoppedout. Once index crosses above 19750 it will go for the 19900 where we are expecting some pause inthis rally.S&P 500(USA) – 1551.18Overall trend is positive. Hold long positions for the expected higher levels of 1570 keeping stop lossat 1515.Overall trend is positive. Hold long positions for the expected higher levels of 1570 & trail stop lossto 1518 on closing basis.AXIS BANK – 1407Overall trend is down. Hold short positions for the expected lower levels of 1370 keeping stop loss at1420 on closing basis.Overall trend is down. Hold short positions with the stop loss at 1420.ICICI BANK – 1139.30Overall trend is down. All the mentioned target levels attained so exited the positions around 1110-1115 zones. It looks like it will face resistance around 1131 levels. It is advised to look for going shortaround 1120-1125 levels keeping stop at 1135.Overall trend will turn positive above 1144. Short positions initiated stopped out on intraday basisitself so exited from it. Overall it looks like above 1145 level, it will try to touch the levels of around1187.RELIANCE INDUSTRIES – 851.30Overall trend is down. It has almost attained the target level as mentioned.Overall trend is down. Close above 858 will turn trend positive. +91 84600 32788  support@shahadvisory.com 2 Save Trees. Do not Print. Read Disclaimer on our website
  3. 3. Monday, 11th March 2013  - www.shahadvisory.com Follow us on Twitter - @equityadvisory Shah Advisory – Daily Morning NewsletterTATA MOTORS – 303.80Overall trend is positive. Our stop loss on long positions triggered.Overall trend is positive. Trade need to be initiated on cross above 312 .TATA STEEL – 359.15Overall trend is down. Those who have not booked profit are exited at 345 levels as the stoptriggered. Below 344, we may see some more down side in the stock. We have already mentionedthat need to trade in this scrip with low quantity as the downward pressure is very strong in thestock.Overall trend is down. It looks like that stock is heading towards the levels of around 370-372.SBI – 2209.50Overall trend is down. Look for higher levels of 2220 to book the profit if not booked around 2170levels & keep stop at 2145.Overall trend is down. It has attained the mentioned level of 2220 to book full profit. Now it may seesome rise till 2250 levels. On intraday basis, below 2185 we may see the levels of 2150.USDINR – SPOT – 54.2850Overall trend is slightly positive. As we mentioned that below 54.88 weakness may continue in thepair. It looks like it taking supports around 54.50 levels & it may bounce till 54.65 levels. If sustainabove it than we may see upside till 54.80.Overall trend is slightly positive but once it will start trading below 54.24, we may see the levels of54. We mentioned that 54.50 is support but it has not taken support there & fall to the levels of54.28. Intraday bounce above 54.38 will take it to 54.55-54.60 levels. +91 84600 32788  support@shahadvisory.com 3 Save Trees. Do not Print. Read Disclaimer on our website
  4. 4. Monday, 11th March 2013  - www.shahadvisory.com Follow us on Twitter - @equityadvisory Shah Advisory – Daily Morning Newsletter Stocks with Positive Breakout Stock Name Buying Range Adani Ent. 237.40-237.60 ICICI Bank 1144-1145 IDFC 161.20-161.40 Jain Irrigation 68.05-68.10 JP Associate 78.50 Adani Power 51.30 Ashok Leyland 24.20 BHEL 208.80-209 Jindal Steel 370.50-371 Kotak Bank 679-680 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 - +91 84600 32788  support@shahadvisory.com 4 Save Trees. Do not Print. Read Disclaimer on our website

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