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Daily Newsletter - 19-03-2013

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Daily Newsletter - 19-03-2013

  1. 1. SHAH ADVISORY Daily Morning Newsletter 19-03-2013 Vivek A. Shah 2013 WWW.SHAHADVISORY.COM
  2. 2. Tuesday, 19th March 2013  - www.shahadvisory.com Follow us on Twitter - @equityadvisory Shah Advisory – Daily Morning NewsletterBSE Sensex – 19293.20 TREND / PERIOD DAILY WEEKLY MONTHLY DIRECTION UP DOWN UP Trend Change Level 19250 19500 17670 (Closing Basis)Overall trend on daily basis is positive. For any long positions, stop loss need to be maintained at19250 closing basis.Overall trend on daily basis is positive. For long positions, keep stop loss at 19175. On breach on it,we may see the previous lows on the index.S&P 500(USA) – 1560.70Overall trend is positive. Look for higher levels of 1570 to book full profit keeping stop loss at 1520.Overall trend is positive. Look for the levels of 1570 to book full profit keeping stop loss at 1544.AXIS BANK – 1325.10Overall trend is down. 1350 looks to be resistance and need to be used to go short with stop at1365.Overall trend is down. Below 1315, we may see the levels of 1300-1285.ICICI BANK – 1051.40Overall trend is down. We may see further lower levels of around 1027-980 in coming days to weeks.For short positions, stop loss at 1095 to be maintained.Overall trend is down. We may see the levels of 1027-980 in coming days to week. It has alreadymade a low around 1035. Any rise to 1070 to be used to go short with stop at 1082.RELIANCE INDUSTRIES – 834.30Overall trend is sideways to down. If it sustains above 854 than we may see upside and on downsideit has support around 831.Overall trend is down. As mentioned, 831 is support on lower side. Now if trades below 829 than wemay see the levels of 818-810. Any rise to 844-846 to be used to go short with stop at 851.TATA MOTORS – 286.85Overall trend will turn down below 289. We advised short around 296 & today made a low around290. Look for the levels of 285-282 to book profit keeping stop at 300.Overall trend is down. It has attained out initial target of 285. Now trail stop loss to 294 for shortpositions & look for the levels of 281-282 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 March 2013  - www.shahadvisory.com Follow us on Twitter - @equityadvisory Shah Advisory – Daily Morning NewsletterTATA STEEL – 349.30Overall trend is down. Look for the levels of 362 to book profit keeping stop loss at 348.Overall trend is down. Out trailed stop loss hit so exited from the long positions. Now below 345, itmay go to levels around 339-335.SBI – 2249.80Overall trend is positive. We may see the levels of 2300-2315 in coming days to weeks. For longpositions, keep stop loss at 2234.Overall trend is positive. It has almost returned from the stop loss level we mentioned. Those whoexited the positions can stay away. Those who are holding can look for the levels of 2300-2315 tobook full profits with stop loss at 2230 strictly.USDINR – SPOT – 54.17Overall trend is down. Look for going short below 53.96, keeping stop loss at 54.21 for the expectedlower levels of 53.82-53.67-53.55 in coming days to weeks.Overall trend is down. If it trades above 54.26, it can touch 54.40-54.45. On the lower side, below53.96, go short with stop loss at 54.21 for the possible lower levels of 53.82-53.67-53.55 in comingdays. +91 84600 32788  support@shahadvisory.com 3 Save Trees. Do not Print. Read Disclaimer on our website
  4. 4. Tuesday, 19th March 2013  - www.shahadvisory.com Follow us on Twitter - @equityadvisory Shah Advisory – Daily Morning Newsletter Stocks with Positive Breakout Stock Name Buying Range Karur Vysya Bank 476-477 Stocks with Negative Breakout Stock Name Selling Range TATA Steel 345 Tech Mahindra 1084-1085 Wipro 430.50-431 Infosys 2840 Reliance Ind. 829NOTE –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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