Daily Newsletter - 13 02-2013

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Daily Newsletter - 13 02-2013

  1. 1. SHAH ADVISORY Daily Morning Newsletter 13-02-2013 Vivek A. Shah 2013 WWW.SHAHADVISORY.COM
  2. 2. Wednesday, 13th February 2013  - www.shahadvisory.com Follow us on Twitter - @equityadvisory Shah Advisory – Daily Morning NewsletterBSE Sensex – 19561.04 TREND / PERIOD DAILY WEEKLY MONTHLY DIRECTION Down UP UP Trend Change Level 19850 19700 17900 (Closing Basis)Overall trend looks down & weekly trend is also getting weak & will be confirmed once the indexstarts trading below 19380. If it sustains above that level, than we may see some bounce up to19700. It is advised to trade with strict stop losses & keep booking profit at important levels.Overall trend on weekly basis will turn down once market starts trading below 19380. Also expectbounce in the market if it is able to sustain above 19380 up to the levels of 19700.S&P 500(USA) – 1517.01Overall trend is positive. It has taken support around 1504 level & able to sustain above 1504 onclosing 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.Overall trend is positive. Momentum is getting weak in the index & we may see some fall orconsolidation in the market. Keep watch on the level of 1504 on closing basis.AXIS BANK – 1482.95Overall trend is positive. It just bounced exactly from the mentioned levels of 1446-1450. Also weadvised to buy there & now closed at 1494.10, thus getting around 3% returns. It is advised to book50% profit here & remaining positions can be held with the trailing stop loss of 1472. We may seethe levels of 1510 in a day or two.Overall trend is positive. It has almost attained our trailed stop loss so exited the position aroundthere if not booked at higher levels. 1460 is good support.ICICI BANK – 1128.85Overall trend is bearish. It has attained almost all the mentioned levels on lower side. Short positionsneed to be closed here. Anyone wants to take buy position for medium term can initiate around thislevel keeping stop loss of 1098.Overall trend is bearish. Hold on to the buy position initiated around 1120 levels. Above 1146, wemay see rise up to 1170.RELIANCE INDUSTRIES – 875.45sOverall trend is bearish. Hold short positions for expected lower levels of 845 & trail stop loss to 876.Overall trend is bearish. Trailed stop loss triggered. Above 880, expect rise up to 895 levels. +91 84600 32788  support@shahadvisory.com 2 Save Trees. Do not Print. Read Disclaimer on our website
  3. 3. Wednesday, 13th February 2013  - www.shahadvisory.com Follow us on Twitter - @equityadvisory Shah Advisory – Daily Morning NewsletterTATA MOTORS – 298.55Overall trend is sideways to bearish, trading in the range of 285-295. Cross above 295 will take itfurther to 302 levels. Any dip to 282-283 levels need to use for buying for medium term.Overall trend is getting slightly positive. Any sustenance on closing basis above 303 will again resumeuptrend.TATA STEEL – 384.90Overall trend is bearish. Trail stop loss to 394 & look for the lower levels of 378 to book full profit.Overall trend is bearish. Trail stop loss to 389 for short positions & look for the lower levels of 378 tobook full profit.SBI – 2296.40Overall trend is bearish. But not advising to go short. Also we mentioned that medium term buyingcan be initiated around 2280-2300 levels. Hold to long positions for medium term.Overall trend is bearish. As mentioned we are not advising short here, we may see rise up to 2318 inthe stock. If sustains above 2318, we may see the levels of 2340-2370. Hold the positions formedium term. Short term traders may initiate long above 2318.USDINR – SPOT – 53.85Overall trend is negative. We may see rise to 53.98-54.02 once it crosses 53.87. it has supportaround 53.70.Overall trend is negative. It attained the mentioned levels on higher side & turned back from there.Now we may see the levels of around 53.75-53.65. +91 84600 32788  support@shahadvisory.com 3 Save Trees. Do not Print. Read Disclaimer on our website
  4. 4. Wednesday, 13th February 2013  - www.shahadvisory.com Follow us on Twitter - @equityadvisory Shah Advisory – Daily Morning Newsletter Stocks with Positive Breakout Stock Name Buying Range Yes Bank 524 TATA Motors 300.20-300.40 Stocks with Negative Breakout Stock Name Selling Range Infy 2735-2738 Suzlon 23.60 Sun TV 446.50-446.90NOTE –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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