Daily Newsletter - 19-02-2013

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Daily Newsletter - 19-02-2013

  1. 1. SHAH ADVISORY Daily Morning Newsletter 19-02-2013 Vivek A. Shah 2013 WWW.SHAHADVISORY.COM
  2. 2. Tuesday, 19th February 2013  - www.shahadvisory.com 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)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.Overall trend for medium term will stay upward till we are trading above 19380 levels. Close above19600 will take index to the level of 19800 in coming days.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.AXIS BANK – 1432.05Overall 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.Overall trend will turn down once the stock start trading below 1419. Shorting is advisable only oncross below 1419.ICICI BANK – 1122Overall trend is bearish. It is advised to close the long position in the stock if it falls below 1110 or onrise to 1131.Overall trend is bearish. Intraday got the chance to exit the position around mentioned level of 1131.Medium term traders can look for buying the stock around 1101 levels.RELIANCE INDUSTRIES – 847.50Overall 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.Overall trend is bearish. Intraday buying is advisable on cross above 855.50.TATA MOTORS – 305.80Overall trend is slightly positive. Intraday buying on cross of 306.10 is advisable and keep stop loss of300 for the position.Overall trend is slightly positive. Hold on to long position entered above 306.10. Keep stop loss of302 & look for the higher levels of 309-311.50 to book full profit. +91 84600 32788  support@shahadvisory.com 2 Save Trees. Do not Print. Read Disclaimer on our website
  3. 3. Tuesday, 19th February 2013  - www.shahadvisory.com Follow us on Twitter - @equityadvisory Shah Advisory – Daily Morning NewsletterTATA STEEL – 385.25Overall trend is bearish. Intraday buying is advisable only on cross of 381 for the target of 385-389keeping stop loss of 376.Overall trend is bearish. It attained target 1 of 385 for the buy recommended above 381. Holdpositions with stop loss of 378 & look for the higher levels of 392 to book full profit.SBI – 2262.70Overall trend is bearish. Our stop loss triggered for short term positions. Short term traders can buyon cross of 2260.Overall trend is bearish. Long positions entered above 2260 need to be maintained with the stop lossof 2235 & look for the levels of 2305-2314 to book full profits.USDINR – SPOT – 54.1850Overall trend is negative. As mentioned, levels of 54.10 attained. Wait for further update.Overall trend is negative. We may see the levels of 54.05-54 in a next 1 trading session. +91 84600 32788  support@shahadvisory.com 3 Save Trees. Do not Print. Read Disclaimer on our website
  4. 4. Tuesday, 19th February 2013  - www.shahadvisory.com Follow us on Twitter - @equityadvisory Shah Advisory – Daily Morning Newsletter Stocks with Positive Breakout Stock Name Buying Range HUL 472.20-472.50 Stocks with Negative Breakout Stock Name Selling Range Ultratech Cement 1898-1895. Axis Bank 1419NOTE –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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