Daily Newsletter - 14 02-2013

SHAH ADVISORY

Daily Morning
Newsletter
14-02-2013
Vivek A. Shah

2013

WWW.SHAHADVISORY.COM

Thursday, 14th February 2013  - www.shahadvisory.com
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Shah Advisory – Daily Morning Newsletter
BSE Sensex – 19608.08

TREND / PERIOD DAILY WEEKLY MONTHLY
DIRECTION Down UP UP
Trend Change Level 19820 19700 17900
(Closing Basis)

Overall trend on weekly basis will turn down once market starts trading below 19380. Also expect
bounce in the market if it is able to sustain above 19380 up to the levels of 19700.

Overall trend for medium term trend will turn down once the index starts trading below 19380
levels. We mentioned that if it manages to trade above 19380 than expect bounce till 19700 levels &
it touched that level. Currently it looks like that this bounce may continue till we sustain above
19550.

S&P 500(USA) – 1519.43

Overall trend is positive. Momentum is getting weak in the index & we may see some fall or
consolidation in the market. Keep watch on the level of 1504 on closing basis.

Overall trend is positive. We may see consolidation in the index. Overall we can see the levels of
1532 in the coming days to week till it manages to sustain above 1506 on closing basis.

AXIS BANK – 1477.55

Overall trend is positive. It has almost attained our trailed stop loss so exited the position around
there if not booked at higher levels. 1460 is good support.

Overall trend is positive. We may see some lower levels if the price starts trading below 1470. Buy
only n cross above 1494.

ICICI BANK – 1142.60

Overall trend is bearish. Hold on to the buy position initiated around 1120 levels. Above 1146, we
may see rise up to 1170.

Overall trend is bearish. We mentioned that above 1146 it can rise to 1170 & it made a high at
1146.40. Hold on to long position, we may see the initial rise till 1155 & than 1170.

RELIANCE INDUSTRIES – 879

Overall trend is bearish. Trailed stop loss triggered. Above 880, expect rise up to 895 levels.

Overall trend is bearish. For any long position, keep stop loss of 870 & on higher side we may see the
levels of 895.

TATA MOTORS – 304.70

Overall trend is getting slightly positive. Any sustenance on closing basis above 303 will again resume
uptrend.

Overall trend is slightly positive. We mentioned that above 303, it will resume its uptrend. It looks
like in the coming days; we may see the levels of 316. Trail stop loss for any long position to 299.

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TATA STEEL – 376

Overall trend is bearish. Trail stop loss to 389 for short positions & look for the lower levels of 378 to
book full profit.

Overall trend is bearish. Our mentioned target of 378 attained so advised to book full profit. Buy for
bounce only on cross of 384.

SBI – 2254.70

Overall trend is bearish. As mentioned we are not advising short here, we may see rise up to 2318 in
the stock. If sustains above 2318, we may see the levels of 2340-2370. Hold the positions for
medium term. Short term traders may initiate long above 2318.

Overall trend is bearish. Hold on to medium term long positions. Any short term traders entered
long positions need to keep stop loss at 2238.

USDINR – SPOT – 53.8250

Overall trend is negative. It attained the mentioned levels on higher side & turned back from there.
Now we may see the levels of around 53.75-53.65.

Overall trend is negative. It almost attained the level of 53.75. Now if manages to trade above 53.88,
again we may see bounce till 54.02-54.10.

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Stocks with Positive Breakout
Stock Name Buying Range
Godrej Ind. 319.10-319.40
Divis Lab 1077-1078

Stocks with Negative Breakout
Stock Name Selling Range
Axis Bank 1469-1470
McDowell 1827-1829
ZEEL 226.60-226.90
Kotak bank 663-664
Ambuja Cem. 188.10-188.30
HDFC Bank 661-661.50

NOTE –
Red colour – Last View / update on the scrip
Green colour – Current View / update on the scrip

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Daily Newsletter - 14 02-2013

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