Daily Newsletter - 15-04-2013

SHAH ADVISORY

Daily Morning
Newsletter
15-04-2013
Vivek A. Shah

2013

WWW.SHAHADVISORY.COM

Monday, 15th April 2013  - www.shahadvisory.com
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Shah Advisory – Daily Morning Newsletter
BSE Sensex – 18242.56

TREND / PERIOD DAILY WEEKLY MONTHLY
DIRECTION DOWN DOWN UP
Trend Change Level 18650 19250 17670
(Closing Basis)

Overall trend is down. As expected, it bounced till the levels of around 18600. Now if sustains above
18620 than we may see some more upside so anyone holding short positions need to keep stop at
18650. Alternatively if not manages to sustain at 18650 levels than it can again fall to 18400-18000
levels.

Overall trend is down. As we suggested, index not able to sustain above 18650 come down to 18250
levels. There is a small support around 18150 so if not breaks that level than some upside till 18400
is possible again it will be a shorting opportunity. Below 18150, we can see the levels of 18000-
17800.

S&P 500(USA) – 1588.85

Overall trend is positive. Stop loss triggered so exited from the position. It can reach to 1673 levels in
coming weeks if the index manages to stay above 1570 level on weekly basis.

Overall trend is positive. Strong support lies at 1568 levels. Any daily close below 1568 will turn
trend short term down. Not advising any trade now.

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AXIS BANK – 1264.30

Overall trend is down. As mentioned hold the long positions for the expected higher levels of 1260-
1270 with stop at 1238.

Overall trend is down. It has attained our both the targets of 1260-1270. Again 1285 will provide
resistance to the stock in the near term so any long position not booked yet has to be close around
those levels.

ICICI BANK – 1045.35

Overall trend will turn slightly positive above 1051 & it is expected that it will find resistance around
1066 levels. If it is not manages to sustain above 1066 than again it can touch 1000 levels.

Overall trend is down but it can touch 1066 once crosses above 1051.

RELIANCE INDUSTRIES – 775.35

Overall trend is down. Stay away for the trading purpose in this scrip.

Overall trend is down. Stay away from the stock for trading purpose as trading in a sideways zone.

TATA MOTORS – 275.15

Overall trend is down. As mentioned it touched 280 levels but there were no opportunity to initiate
the trade. Now if it sustains above 283 levels than higher levels of 293-302 can be reached in few
weeks.

Overall trend is down. It can reach 269-266 levels in 1 or 2 days. Only if sustains above 282 than
positive momentum can be seen in the stock.

TATA STEEL – 299.50

Overall trend is down. As mentioned, keep watch on 297 levels. Once it sustain below that level than
we can see levels of 260-250 in coming weeks.

Overall trend is down. As it has crossed below 297 levels, we are expecting the levels of 260-250 in
coming weeks. Any rise above 304.50 will take it to 308-309 intraday. Short positions can be initiated
around 310 levels with stop at 314.

SBI – 2081.80

Overall trend is down. It has strong resistance around 2066 levels. If sustains above it than only it
can reach 2125.

Overall trend is down. As we mentioned it touched 2097 after crossing the level of 2066. Now hold
long positions with stop at 2043 and look for the higher levels of 2095-2120-2125 to book full profit.

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USDINR – SPOT – 54.5250

Overall trend is slightly positive. It has resistance around 54.68 levels & if it is not able to sustain
above 54.68 than buying is not advisable. Intraday only shots can be initiated below 54.47 for levels
of 54.35-54.30 with stop at 54.58.

Overall trend is slightly positive. Keep watch on 54.68 levels. If crosses above 54.68 than we are
expecting the levels of 54.75-54.85.

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Stocks with Positive Breakout
Stock Name Buying Range
PFC 193
REC 221.40
Yes Bank 446

Stocks with Negative Breakout
Stock Name Selling Range
- -

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

YOU CAN ALSO VIEW THIS REPORT ON THE WEB -

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Daily Newsletter - 15-04-2013

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Daily Newsletter - 15-04-2013