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Daily Newsletter - 18-03-2013

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Daily Newsletter - 18-03-2013

  1. 1. SHAH ADVISORY Daily Morning Newsletter 18-03-2013 Vivek A. Shah 2013 WWW.SHAHADVISORY.COM
  2. 2. Monday, 18th March 2013  - www.shahadvisory.com Follow us on Twitter - @equityadvisory Shah Advisory – Daily Morning NewsletterBSE 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 at19180 and market just turned from that level. You need to adjust with some whipsaws so therecould be a little up and down in the mentioned levels. From the mentioned level, market bouncedsharply to make a high around 19604 giving nearly 300 points gain in single day. Now we may seesome range bound activity but some higher levels looks somewhat difficult to me at this point intime.Overall trend on daily basis is positive. For any long positions, stop loss need to be maintained at19250 closing basis.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 – 1339.85Overall trend is down. We advised to buy 40% quantity around 1295 levels for medium term in our27-02-2013 report. Those who have bought around those levels can look for exiting the stock around1370-1380 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 at1365.ICICI BANK – 1067.50Overall trend is down. We may see some resistance around 1120-1123 levels. Look for going shortaround 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 – 843.65Overall trend is down but will turn positive once the stock starts trading above 865. It has made alow 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 downsideit has support around 831. +91 84600 32788  support@shahadvisory.com 2 Save Trees. Do not Print. Read Disclaimer on our website
  3. 3. Monday, 18th March 2013  - www.shahadvisory.com Follow us on Twitter - @equityadvisory Shah Advisory – Daily Morning NewsletterTATA MOTORS – 291.10Overall 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 around290. Look for the levels of 285-282 to book profit keeping stop at 300.TATA STEEL – 354.45Overall trend is down. Look for higher levels of around 364-365 to book full profit keeping stop lossat 348.Overall trend is down. Look for the levels of 362 to book profit keeping stop loss at 348.SBI – 2262Overall 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 longpositions, keep stop loss at 2234.USDINR – SPOT – 54.0150Overall trend is slightly positive till it closes above 54.10. Intraday if it sustains above 54.40 than wemay 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 expectedlower levels of 53.82-53.67-53.55 in coming days to weeks. +91 84600 32788  support@shahadvisory.com 3 Save Trees. Do not Print. Read Disclaimer on our website
  4. 4. Monday, 18th March 2013  - www.shahadvisory.com Follow us on Twitter - @equityadvisory 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 1054-1055NOTE –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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