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Daily Newsletter - 17-04-2013

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Daily Newsletter - 17-04-2013

  1. 1. SHAH ADVISORY Daily Morning Newsletter 17-04-2013 Vivek A. Shah 2013 WWW.SHAHADVISORY.COM
  2. 2. Wednesday, 17th April 2013  - www.shahadvisory.com Follow us on Twitter - @equityadvisory Shah Advisory – Daily Morning NewsletterBSE Sensex – 18744.93 TREND / PERIOD DAILY WEEKLY MONTHLY DIRECTION DOWN DOWN UP Trend Change Level 18950 19200 17670 (Closing Basis)Overall trend is down. We have mentioned that there is some minor support around 18250 levels, soneed to take sometime around that levels before giving direction on any side. We are expectingindex to break this level within next few days.Overall trend is down. We may see some upside till 18950 once it crosses 18800. Not advising toinitiate fresh long positions now.S&P 500(USA) – 1552.36Overall trend is positive. Strong support lies at 1568 levels. Any daily close below 1568 will turntrend short term down. Not advising any trade now.Overall trend is positive but will turn negative once it starts trading below 1549.AXIS BANK – 1363.30Overall trend is down. As we advised it has touched the level of 1285. Now again we are expectingthe downside movement to start. Any close above 1312 will be the important trend change level. Onthe downside we are expecting the levels of 1263 initially and than 1225.Overall trend will turn positive above 1380 but not advising to initiate fresh longs here.ICICI BANK – 1078.90Overall trend is down. It has touched the level of 1066 as mentioned. Again we can see the levels of1025 in coming days. If sustain below 1025 than it will go to 1000 levels.Overall trend is will turn positive above 1088. We may see the levels of 1100 but not advising anynew position at this level.RELIANCE INDUSTRIES – 804.95Overall trend is down. If crosses above 801 than 816 is possible and look for shorting if comes to 815with stop at 821.Overall trend is down. 815 is the resistance and 787 is the support. Sustenance on either side willdecide the trend.TATA MOTORS – 270.95Overall trend is down. It has attained the levels of 269-266 as mentioned by us. If sustain above 276than levels of 280-283 possible. Alternatively look for shorting if comes to 272 with stop at 276 forlower levels of 266-261.Overall trend is down. 260-262 is the support levels. On the higher side, 280 will act as a resistance. +91 84600 32788  support@shahadvisory.com 2 Save Trees. Do not Print. Read Disclaimer on our website
  3. 3. Wednesday, 17th April 2013  - www.shahadvisory.com Follow us on Twitter - @equityadvisory Shah Advisory – Daily Morning NewsletterTATA STEEL – 298.35Overall trend is down. As we are expecting, levels of 260-250 is coming in coming weeks. Intradayonly buy above 302 for targets of 308.Overall trend is down. Only intraday buy above 301.20 for targets of 305-309 keeping stop at 297.SBI – 2183.10Overall trend is down but will turn positive if cross above 2162. If not sustains than again we can seethe levels of 2067.Overall trend is positive but stay away from initiating any fresh long positions. Those holding longsneed to keep stop at 2140.USDINR – SPOT – 54.1450Overall trend is slightly positive. It has already attained the level of 54.75. Hold long positions withstop at 54.55. We can see the levels of 54.85.Overall trend is sideways and we are expecting it to trade in the range of 53.71 to 54.80. If sustainsbelow 54.05 than we may see the levels of 53.71. +91 84600 32788  support@shahadvisory.com 3 Save Trees. Do not Print. Read Disclaimer on our website
  4. 4. Wednesday, 17th April 2013  - www.shahadvisory.com Follow us on Twitter - @equityadvisory Shah Advisory – Daily Morning Newsletter Stocks with Positive Breakout Stock Name Buying Range Ranbaxy 451 Ambuja Cement 182.40 Dena Bank 93.90 NTPC 145.40 R Power 71.45 Yes Bank 471.60 ACC 1188-1190 Century text. 294 HUL 488-489 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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