Daily Newsletter - 12 02-2013

SHAH ADVISORY

Daily Morning
Newsletter
12-02-2013
Vivek A. Shah

2013

WWW.SHAHADVISORY.COM

Tuesday, 12th February 2013  - www.shahadvisory.com
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Shah Advisory – Daily Morning Newsletter
BSE Sensex – 19484.77

TREND / PERIOD DAILY WEEKLY MONTHLY
DIRECTION Down UP UP
Trend Change Level 19850 19700 17900
(Closing Basis)

Overall trend is down & medium term trend will also turn down once the index will start trading
below 19380 levels. So keep watch on the level of 19380. If it trades below it than expect fall to the
initial level of 18800. If it does not falls below 19380 than expect bounce up to 19700.

Overall trend looks down & weekly trend is also getting weak & will be confirmed once the index
starts trading below 19380. If it sustains above that level, than we may see some bounce up to
19700. It is advised to trade with strict stop losses & keep booking profit at important levels.

S&P 500(USA) – 1517.93

Overall trend is positive. As mentioned, 1504 on closing basis is important. If closes below it than we
may see further fall.

Overall trend is positive. It has taken support around 1504 level & able to sustain above 1504 on
closing basis & closed around 1517. In coming days, we may see the levels of 1532 on the index.
Keep stop loss of 1504 on closing basis.

AXIS BANK – 1494.10

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 on
to positions with mentioned stop loss.

Overall trend is positive. It just bounced exactly from the mentioned levels of 1446-1450. Also we
advised to buy there & now closed at 1494.10, thus getting around 3% returns. It is advised to book
50% profit here & remaining positions can be held with the trailing stop loss of 1472. We may see
the levels of 1510 in a day or two.

ICICI BANK – 1122.70

Overall trend is bearish. It has made a low around 1125. It is advised to book profit around here. Any
one wants to hold can trail stop loss to 1151.

Overall trend is bearish. It has attained almost all the mentioned levels on lower side. Short positions
need to be closed here. Anyone wants to take buy position for medium term can initiate around this
level keeping stop loss of 1098.

RELIANCE INDUSTRIES – 868.40

Overall trend is bearish. It has made a low around 857 & near to our target of 845. It is advised to
book profit around mentioned level & trail stop loss to 876 to hold this position.

Overall trend is bearish. Hold short positions for expected lower levels of 845 & trail stop loss to 876.

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TATA MOTORS – 290.90

Overall trend is negative. As mentioned, short term buying can be initiated around 282-283 levels or
even around current level.

Overall trend is sideways to bearish, trading in the range of 285-295. Cross above 295 will take it
further to 302 levels. Any dip to 282-283 levels need to use for buying for medium term.

TATA STEEL – 384.80

Overall trend is bearish. As mentioned our level of 386 attained in the trade. We may see the level of
378. Trail stop loss to 395 for the position.

Overall trend is bearish. Trail stop loss to 394 & look for the lower levels of 378 to book full profit.

SBI – 2294.35

Overall trend is bearish. Our target attained in the trade. Now medium term traders may initiate
long position around these levels.

Overall trend is bearish. But not advising to go short. Also we mentioned that medium term buying
can be initiated around 2280-2300 levels. Hold to long positions for medium term.

USDINR – SPOT – 53.86

Overall trend is negative. Our mentioned level attained in the trade. Further updates will be
communicated. Some bounce back up to 53.75 is possible.

Overall trend is negative. We may see rise to 53.98-54.02 once it crosses 53.87. it has support
around 53.70.

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Stocks with Positive Breakout
Stock Name Buying Range
HDFC Bank 660.50-661
Powergrid 113.05-113.10

Stocks with Negative Breakout
Stock Name Selling Range
Asian Paints 4460-4465
Maruti 1550-1552
ITC 302.80-302.90
UBL 712-713

NOTE –
Red colour – Last View / update on the scrip
Green colour – Current View / update on the scrip

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Daily Newsletter - 12 02-2013

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