1. SHAH ADVISORY
Daily Morning
Newsletter
18-03-2013
Vivek A. Shah
2013
WWW.SHAHADVISORY.COM

2. Monday, 18th March 2013  - www.shahadvisory.com
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Shah Advisory – Daily Morning Newsletter
BSE Sensex – 19427.56
TREND / PERIOD DAILY WEEKLY MONTHLY
DIRECTION UP DOWN UP
Trend Change Level 19250 19500 17670
(Closing Basis)
Overall trend is positive. We advised to look for buying around 19250-19280 keeping stop loss at
19180 and market just turned from that level. You need to adjust with some whipsaws so there
could be a little up and down in the mentioned levels. From the mentioned level, market bounced
sharply to make a high around 19604 giving nearly 300 points gain in single day. Now we may see
some range bound activity but some higher levels looks somewhat difficult to me at this point in
time.
Overall trend on daily basis is positive. For any long positions, stop loss need to be maintained at
19250 closing basis.
S&P 500(USA) – 1560.70
Overall 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 – 1339.85
Overall trend is down. We advised to buy 40% quantity around 1295 levels for medium term in our
27-02-2013 report. Those who have bought around those levels can look for exiting the stock around
1370-1380 levels as getting nearly 6% return in very less time.
Overall trend is down. 1350 looks to be resistance and need to be used to go short with stop at
1365.
ICICI BANK – 1067.50
Overall trend is down. We may see some resistance around 1120-1123 levels. Look for going short
around 1120-1123 levels keeping stop loss at 1133.
Overall 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.
RELIANCE INDUSTRIES – 843.65
Overall trend is down but will turn positive once the stock starts trading above 865. It has made a
low around 835 & we mentioned that it will attain 832. So just fall short of few points.
Overall trend is sideways to down. If it sustains above 854 than we may see upside and on downside
it has support around 831.
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Shah Advisory – Daily Morning Newsletter
TATA MOTORS – 291.10
Overall trend is positive. Those shorted below 296 are advised to keep stop loss at 305.
Overall trend will turn down below 289. We advised short around 296 & today made a low around
290. Look for the levels of 285-282 to book profit keeping stop at 300.
TATA STEEL – 354.45
Overall trend is down. Look for higher levels of around 364-365 to book full profit keeping stop loss
at 348.
Overall trend is down. Look for the levels of 362 to book profit keeping stop loss at 348.
SBI – 2262
Overall trend will turn positive above 2265. Our stop loss triggered for short positions. Above 2265,
we may see the levels of 2300-2313.
Overall trend is positive. We may see the levels of 2300-2315 in coming days to weeks. For long
positions, keep stop loss at 2234.
USDINR – SPOT – 54.0150
Overall trend is slightly positive till it closes above 54.10. Intraday if it sustains above 54.40 than we
may see rise till 54.55-54.60.
Overall trend is down. Look for going short below 53.96, keeping stop loss at 54.21 for the expected
lower levels of 53.82-53.67-53.55 in coming days to weeks.
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Shah Advisory – Daily Morning Newsletter
Stocks with Positive Breakout
Stock Name Buying Range
Siemens 580
HCC 16.65
Stocks with Negative Breakout
Stock Name Selling Range
ICICI Bank 1054-1055
NOTE –
Red colour – Last View / update on the scrip
Green colour – Current View / update on the scrip
YOU CAN ALSO VIEW THIS REPORT ON THE WEB -
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