Daily Newsletter - 26-03-2013

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Daily Newsletter - 26-03-2013

  1. 1. SHAH ADVISORY Daily Morning Newsletter 26-03-2013 Vivek A. Shah 2013 WWW.SHAHADVISORY.COM
  2. 2. Tuesday, 26th March 2013  - www.shahadvisory.com Follow us on Twitter - @equityadvisory Shah Advisory – Daily Morning NewsletterBSE Sensex – 18681.42 TREND / PERIOD DAILY WEEKLY MONTHLY DIRECTION DOWN DOWN UP Trend Change Level 19220 19500 17670 (Closing Basis)Overall trend is down. Two consecutive closes below 18700 will open the target for the next lowerlevels of 18400-18000-17670.Overall trend is down. Keep watch on the level of 18700 on closing basis as we have alreadymentioned that two consecutive close below 18700 will open the lower levels of 18400-18000-17670 initially. Overall trend from last few days suggest that market us not able to sustain in anyhigher level & falls back to lower levels and this shows the weakness in the market.S&P 500(USA) – 1556.89Overall trend is positive. We advised not to short and market bounce from that level. Go short onlybelow 1535 and add to short if sustains below 1524 on closing basis.Overall trend is sideways. On lower side it may slip to 1524 levels & on higher side it will faceresistance around 1568.AXIS BANK – 1309.35Overall trend is down. Any close below 1295 will take it to 1224 levels initially. On any intraday riseto 1325-1330, look for going short with stop at 1335.Overall trend is down. We advised to go short around 1325-1330 & it made a high around 1334 andthen come down to make a low around 1300. Hold short positions for the possible lower levels of1285-1245-1225 keeping stop at 1335.ICICI BANK – 1012.60Overall trend is down. Hold positional short positions with stop at 1040 for the mentioned levels of1000-980.Overall trend is down. Though it triggered our stop loss but the trend still remains weak. We may seethe lower levels of 980-955 in coming days to weeks.RELIANCE INDUSTRIES – 809.25Overall trend is down. Stock has support around 785. As we have mentioned, any sustained closebelow that level will take it to 700-680 in coming weeks.Overall trend is down. We are not recommending any trade now but any sustained close below 785will take it to 700-680. +91 84600 32788  support@shahadvisory.com 2 Save Trees. Do not Print. Read Disclaimer on our website
  3. 3. Tuesday, 26th March 2013  - www.shahadvisory.com Follow us on Twitter - @equityadvisory Shah Advisory – Daily Morning NewsletterTATA MOTORS – 270.75Overall trend is down. Intraday rise to 276-277 is to be used to go short keeping stop at 280 for thepossible lower levels of 270-265.Overall trend is down. We advised to go short around 276-277 & made a high around 275.80. Thosewho shorted around that level already attained target of 270. Hold short positions with stop at 276for possible lower levels of 265-260.TATA STEEL – 314.40Overall trend is down. Keep watch on the weekly close of 320. Only for intraday, buy if crosses above328 for the level of 334 with stop at 324.Overall trend is down. It has just turned form our mentioned buying level but those who entered thetrade stopped out at 324. Keep watch on our weekly close level of 320.SBI – 2058.25Overall trend is down. Intraday go short below 2070 for the levels of 2050 with stop at 2080. Below2050, it will go to 1980 initially.Overall trend is down. As we advise to go short below 2070 for lower levels of 2050 level, it almostattained that target. Anyone holding short positions can keep stop at 2080 for the possible lowerlevels of 1980 in coming days.USDINR – SPOT – 54.18Overall trend is down. Hold positional short positions with stop at 54.57.Overall trend is down. Hold short positions with stop at 54.30 for possible lower levels of 53.95-53.82-53.70. +91 84600 32788  support@shahadvisory.com 3 Save Trees. Do not Print. Read Disclaimer on our website
  4. 4. Tuesday, 26th March 2013  - www.shahadvisory.com Follow us on Twitter - @equityadvisory Shah Advisory – Daily Morning Newsletter Stocks with Positive Breakout Stock Name Buying Range - - Stocks with Negative Breakout Stock Name Selling Range Asian Paints 4850NOTE –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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