Daily Newsletter - 21-02-2013

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Daily Newsletter - 21-02-2013

  1. 1. SHAH ADVISORY Daily Morning Newsletter 21-02-2013 Vivek A. Shah 2013 WWW.SHAHADVISORY.COM
  2. 2. Thursday, 21st 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)Overall trend is positive. We may see the levels of 19800-19950 on the cross of 19690 in coming fewdays.Overall trend is positive till we are trading above 19380 levels. In the coming days we may see thelevels of 19800-19950 & on lower side more weakness can be seen below the levels of 19560 onclosing basis.S&P 500(USA) – 1530.94Overall 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.Overall trend is positive. As mentioned, it is almost near to the targets of 1532. It is advised to bookprofit around this level.AXIS BANK – 1439.40Overall trend is positive. Level of 1419 is to be considered for any short term long positions. Intradaybuy above 1447, keep stop loss of 1435 & look for the levels of 1455-1462 to book profit.Overall trend is sideways & trading in the range of 1450-1420. Above 1462 we can see rally in thestock and below 1419 more downside can be witnessed. We advised to buy above 1447 for 1455-1462 for intraday, it touched the levels of 1454.70 & turned back. Positions are closed as it was justan intraday trade.ICICI BANK – 1121.55Overall trend is bearish. Though we are not advising buying but it looks like it is going to touch thelevel of 1150 in a day or two.Overall trend is bearish. Look for the levels of 1102 to enter the stock for medium term view or evenaround 1115-1120 can also be used to enter medium term trade with 25% quantity as of now.RELIANCE INDUSTRIES – 874.80Overall trend is bearish. We may see the levels of 865-876 in coming few days. Keep stop loss of 836for the long positions.Overall trend is slightly bullish. As mentioned, levels of 865-876 attained. Now above 880, we maysee the levels of 894. It is advised to book 50% profit at current price as getting more than 4% returnin few days. +91 84600 32788  support@shahadvisory.com 2 Save Trees. Do not Print. Read Disclaimer on our website
  3. 3. Thursday, 21st February 2013  - www.shahadvisory.com Follow us on Twitter - @equityadvisory Shah Advisory – Daily Morning NewsletterTATA MOTORS – 303.95Overall trend is positive. Hold to long position keeping stop loss of 302 for the expected higher levelsof 309-311.50-315.Overall trend is positive. Trailed stop loss of 302 triggered so exited from position. 298 looks to begood support now, below that level we may see the levels of292.TATA STEEL – 379.25Overall trend is bearish. We may see the levels of 392-398 in a coming few days. Keep stop loss of380 for the long positions.Overall trend is bearish. Our trailed stop loss triggered after making a high of 388.85.SBI – 2252.05Overall trend is getting slightly positive. Hold the long positions keeping stop loss of 2235 & higherlevels of 2305-2314 can be expected in a day or two.Overall trend is slightly positive. Need to exit the long position initiated around 2262 if the stockprice falls below 2244. Also look to book part profit around 2285-2290 levels.USDINR – SPOT – 54.0650Overall trend is negative. We may see the levels of 54.05-54 in a next 1 trading session.Overall trend is negative. It has almost attained the mentioned levels of 54.05-54 as it made a low of54.0275. It may found support around 53.98 levels. +91 84600 32788  support@shahadvisory.com 3 Save Trees. Do not Print. Read Disclaimer on our website
  4. 4. Thursday, 21st February 2013  - www.shahadvisory.com Follow us on Twitter - @equityadvisory Shah Advisory – Daily Morning Newsletter Stocks with Positive Breakout Stock Name Buying Range Suzlon 24.10 HUL 479.10-479.40 Petronet LNG 156.80-157 AB Nuvo 1094-1095 Grasim 3072-3075 RIL 879.20-879.60 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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