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Daily Newsletter - 18-02-2013


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Daily Newsletter - 18-02-2013

  1. 1. SHAH ADVISORY Daily Morning Newsletter 18-02-2013 Vivek A. Shah 2013 WWW.SHAHADVISORY.COM
  2. 2. Monday, 18th February 2013  - Follow us on Twitter - @equityadvisory Shah Advisory – Daily Morning NewsletterBSE Sensex – 19468.15 TREND / PERIOD DAILY WEEKLY MONTHLY DIRECTION Down UP UP Trend Change Level 19800 19700 17900 (Closing Basis)Overall trend for medium term trend will turn down once the index starts trading below 19380levels. We mentioned that if it manages to trade above 19380 than expect bounce till 19700 levels &it touched that level. Currently it looks like that this bounce may continue till we sustain above19550.As mentioned, overall trend for medium term will turn down once index will start trading below19380, till than expect bounce up to 19700. It attained the level of 19700 & turned down from there.Keep watch on the given levels & trade accordingly.S&P 500(USA) – 1519.79Overall trend is positive. We may see consolidation in the index. Overall we can see the levels of1532 in the coming days to week till it manages to sustain above 1506 on closing basis.Overall trend is positive. As we mentioned, it is trading in the range since last three – four tradingsessions. Keep stop loss of 1510 on closing basis & expect for the higher levels of 1532. +91 84600 32788  2 Save Trees. Do not Print. Read Disclaimer on our website
  3. 3. Monday, 18th February 2013  - Follow us on Twitter - @equityadvisory Shah Advisory – Daily Morning NewsletterAXIS BANK – 1449.30Overall trend is positive. We may see some lower levels if the price starts trading below 1470. Buyonly on cross above 1494.Overall trend is positive & will turn down on close below 1436. We mentioned that below 1470 wemay see lower levels in the stock & it went down to 1420. Now on higher side we may see the levelsof 1478 on cross above 1462.ICICI BANK – 1121.85Overall trend is bearish. We mentioned that above 1146 it can rise to 1170 & it made a high at1146.40. Hold on to long position, we may see the initial rise till 1155 & than 1170.Overall trend is bearish. It is advised to close the long position in the stock if it falls below 1110 or onrise to 1131.RELIANCE INDUSTRIES – 845.80Overall trend is bearish. For any long position, keep stop loss of 870 & on higher side we may see thelevels of 895.Overall trend is bearish. Our mentioned stop loss triggered & stock went down to 834 levels. Also itis advisable for medium traders to buy 25% quantity at this level.TATA MOTORS – 304.45Overall trend is slightly positive. We mentioned that above 303, it will resume its uptrend. It lookslike in the coming days; we may see the levels of 316. Trail stop loss for any long position to 299.Overall trend is slightly positive. Intraday buying on cross of 306.10 is advisable and keep stop loss of300 for the position.TATA STEEL – 376.10Overall trend is bearish. Our mentioned target of 378 attained so advised to book full profit. Buy forbounce only on cross of 384.Overall trend is bearish. Intraday buying is advisable only on cross of 381 for the target of 385-389keeping stop loss of 376.SBI – 2233.45Overall trend is bearish. Hold on to medium term long positions. Any short term traders enteredlong positions need to keep stop loss at 2238.Overall trend is bearish. Our stop loss triggered for short term positions. Short term traders can buyon cross of 2260.USDINR – SPOT – 54.2275Overall trend is negative. It almost attained the level of 53.75. Now if manages to trade above 53.88,again we may see bounce till 54.02-54.10.Overall trend is negative. As mentioned, levels of 54.10 attained. Wait for further update. +91 84600 32788  3 Save Trees. Do not Print. Read Disclaimer on our website
  4. 4. Monday, 18th February 2013  - Follow us on Twitter - @equityadvisory Shah Advisory – Daily Morning Newsletter Stocks with Positive Breakout Stock Name Buying Range Jet Airways 625.60-626 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 - VISIT - HTTP ://WWW.SHAHADVISORY .COM/DAILY-MARKET-VIEW.HTML +91 84600 32788  4 Save Trees. Do not Print. Read Disclaimer on our website