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Daily Newsletter - 14-03-2013

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Daily Newsletter - 14-03-2013

  1. 1. SHAH ADVISORY Daily Morning Newsletter 14-03-2013 Vivek A. Shah 2013 WWW.SHAHADVISORY.COM
  2. 2. Thursday, 14th March 2013  - www.shahadvisory.com Follow us on Twitter - @equityadvisory Shah Advisory – Daily Morning NewsletterBSE Sensex – 19564.92 TREND / PERIOD DAILY WEEKLY MONTHLY DIRECTION UP DOWN UP Trend Change Level 19250 19500 17670 (Closing Basis)Overall trend on daily basis is positive though on weekly basis it will turn positive only on sustenanceabove 19750. On daily basis, 19450 remain to be good support. Below which index will go to 19345.Overall trend on daily basis is up but as we are mentioning that index needs to sustain above 19750to change weekly trend in to positive territory. Also we mentioned that below 19450 it will go to19345 & made a low around 19338. Short term buying can be initiated around 19250-19280 zonekeeping stop loss at 19180.S&P 500(USA) – 1552.48Overall trend is positive. Hold long positions for the expected higher levels of 1570 keeping stop lossof 1520 on closing basis.Overall trend is positive. It is advised to book part profit around 1552 levels. Till the level of 1559 isnot crossed, we may see some range bound activity.AXIS BANK – 1346.70Overall trend is down. It looks like that it is going for the levels of 1367-1362 where short positionsneed to be covered.Overall trend is down. It has attained all the mentioned levels. Though it has some support around1328 level but it looks like it will break that level in near future. I will inform levels for enteringmedium term to long term trade.ICICI BANK – 1085.70Overall trend is positive. We may see the levels of 1104-1090. If sustains above that on closing basisthan long positions need to be hold and also some buying can be initiated around 1090 levels.Overall trend will turn negative below 1080. We mentioned that levels of 1090 are possible & it hasattained that level.RELIANCE INDUSTRIES – 845Overall trend is down. We may see the levels of 832 in coming days. Intraday below 840, levels of830 will be initial target.Overall trend is down. We may see the levels of 832 in a trade now. Any short positions need to bemaintained with stop loss of 858 on closing basis. +91 84600 32788  support@shahadvisory.com 2 Save Trees. Do not Print. Read Disclaimer on our website
  3. 3. Thursday, 14th March 2013  - www.shahadvisory.com Follow us on Twitter - @equityadvisory Shah Advisory – Daily Morning NewsletterTATA MOTORS – 301Overall trend is positive. Trade is not advised at current levels as stock is in the sideways trend. Keepan eye on mentioned levels of 312 on higher side & 296 on lower side to initiate trade.Overall trend is positive. Trade only after cross of levels on either side as mentioned. Buy above 312or sell below 296.TATA STEEL – 352.10Overall trend is down. Keep stop loss of 348 on closing basis for any long positions & on higher side,levels of 368 can be attained.Overall trend is down. For any long positions, keep stop loss of 348 on closing basis.SBI – 2179.35Overall trend is down. Intraday sell below 2180 for the levels of 2142. We advised to look forshorting on rise to 2235-2240 but it made a high around 2228. Still any rise to 2240 to used to goshort with stop loss at 2260.Overall trend is down. Hold short positions with stop loss at 2220. We may see the levels of 2142initially & than 2070.USDINR – SPOT – 54.3050Overall trend is slightly positive till it is trading above 54.10. It is currently in the sideways tradingzone so advised to avoid trading if possible.Overall trend is slightly positive will it sustains above 54.10 on closing basis. Any close below 54.10will turn trend down. If sustain above 54.40 for more than 30 minutes than we may see some moreupside in the pair. +91 84600 32788  support@shahadvisory.com 3 Save Trees. Do not Print. Read Disclaimer on our website
  4. 4. Thursday, 14th March 2013  - www.shahadvisory.com Follow us on Twitter - @equityadvisory Shah Advisory – Daily Morning Newsletter Stocks with Positive Breakout Stock Name Buying Range LITL 12.25 Stocks with Negative Breakout Stock Name Selling Range Tech Mahindra 1075-1076 Bharat Forge 218.80-218.90 ICICI Bank 1080NOTE –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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