Daily Newsletter - 24 01-2013

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Daily Newsletter - 24 01-2013

  1. 1. SHAH ADVISORY Daily Morning Newsletter 24-01-2013 Vivek A. Shah 2013 WWW.SHAHADVISORY.COM
  2. 2. Thursday, 24th January 2013  - www.shahadvisory.com Follow us on Twitter - @equityadvisory Shah Advisory – Daily Morning NewsletterBSE Sensex – 20026.61 TREND / PERIOD DAILY WEEKLY MONTHLY DIRECTION UP UP UP Trend Change Level 19860 19340 17900 (Closing Basis)Overall trend is positive as we are trading well above weekly trend level. Those holding positions formedium term can keep stop loss of weekly level. I am expecting market to bounce from the levels ofaround 19900.Overall trend is positive. I mentioned that expect bounce from 19900 levels & it made a low of19920 & bounced more than 100 points from that level. Short term traders hold long positions withthe stop loss of 19860 on closing basis.S&P 500(USA) – 1492.56Overall trend is positive. We advised to book part profit around 1475 & also mentioned that levels of1500 can be attained in the coming weeks. It had attained the levels of 1485 till now. Hold positionswith the stop loss of 1468.Overall trend is positive. Hold long positions for the mentioned target of 1500 keeping stop loss of1474.AXIS BANK – 1398.40Overall trend is positive. We advised to exit the positions for positional traders below 1341 on 11-01-2013 but it just bounce from there & made a new high of 1431. It is advised that positional tradesshould book profit around these levels. Intraday to short term traders can open fresh shorts below1386 levels for the expected lower levels of 1372-1360 keeping stop loss of 1405.Overall trend is positive. Intraday short initiated below 1486 are stopped out at 1405 levels. Look forbuying around current levels for the expected higher levels of 1428-1431 with the stop loss of 1388.ICICI BANK – 1181Overall trend is sideways to negative. Intraday go short below 1162 for the expected lower levels of1151-1135 & keep stop loss of 1185.Overall trend is sideways. It just bounced from the level we mentioned to go short. Though anyoneshorted are stopped out. Intraday look for buying around 1180 levels and the expected bounce tothe levels of 1198-1210 keeping stop loss at 1170.RELIANCE INDUSTRIES – 923.05Overall trend is positive. We are not suggesting shorts but expecting the lower levels of 911-900-895to come in few days.Overall trend is positive. Intraday buying is advisable only on cross of 933. Look for buying if thestock comes to 902- level. +91 84600 32788  support@shahadvisory.com 2 Save Trees. Do not Print. Read Disclaimer on our website
  3. 3. Thursday, 24th January 2013  - www.shahadvisory.com Follow us on Twitter - @equityadvisory Shah Advisory – Daily Morning NewsletterTATA MOTORS – 313.05Overall trend is positive. Any close below 314 will change the trend of the stock. Intraday to shortterm buying is advisable above 320.50.Overall trend is negative. We may see further fall in the stock in coming days below 309.60 levels.TATA STEEL – 407.55Overall trend is negative & expecting the levels of 403-393 to attain in coming weeks.Overall trend is negative. Our mentioned level of 403 attained in the trade. Short term traders maylook for buying the stock around 393 levels.SBI – 2480.40Overall trend is sideways to negative. Support is around 2442 levels. Short term traders can initiatelong positions around there keeping stop loss of 2420.Overall trend is sideways. Look for going long on the stock around 2442-2445 levels keeping stoploss of 2420 for the expected higher levels of 2490-2520.USDINR – SPOT – 53.65Overall trend is negative. We may see the bounce till the levels of 54.15-54.20. Any fall below 53.60to be used to go short for the possible lower levels of 53.40-53.10 in coming weeks.Overall trend is negative. As we mentioned to go short below 53.60, hold positions for thementioned levels of 53.40-53.10 keeping stop loss of 53.86. +91 84600 32788  support@shahadvisory.com 3 Save Trees. Do not Print. Read Disclaimer on our website
  4. 4. Thursday, 24th January 2013  - www.shahadvisory.com Follow us on Twitter - @equityadvisory Shah Advisory – Daily Morning Newsletter Stocks with Positive Breakout Stock Name Buying Range TATA Power 111 Stocks with Negative Breakout Stock Name Selling Range Allahabad Bank 172.80-172.95 HCL Tech. 662.50-663 Canara Bank 488-488.50 TATA Motors 309.50-309.80NOTE –Red colour – Last View / update on the scripGreen colour – Current View / update on the scrip +91 84600 32788  support@shahadvisory.com 4 Save Trees. Do not Print. Read Disclaimer on our website

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