Daily Newsletter - 25-03-2013

SHAH ADVISORY

Daily Morning
Newsletter
25-03-2013
Vivek A. Shah

2013

WWW.SHAHADVISORY.COM

Monday, 25th March 2013  - www.shahadvisory.com
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Shah Advisory – Daily Morning Newsletter
BSE Sensex – 18735.60

TREND / PERIOD DAILY WEEKLY MONTHLY
DIRECTION DOWN DOWN UP
Trend Change Level 19220 19500 17670
(Closing Basis)

Overall trend is down. It has attained our initial target of 18760. Now if sustains below 18700 than
next target will be 18400-18000-17670-17100-16550.

Overall trend is down. Two consecutive closes below 18700 will open the target for the next lower
levels of 18400-18000-17670.

S&P 500(USA) – 1556.89

Overall trend is positive. We advised not to short and market bounce from that level. Go short only
below 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 face
resistance around 1568.

AXIS BANK – 1300.05

Overall trend is down. Any close below 1295 will take it to 1224 levels.

Overall trend is down. Any close below 1295 will take it to 1224 levels initially. On any intraday rise
to 1325-1330, look for going short with stop at 1335.

ICICI BANK – 1028.35

Overall trend is down. Intraday short positions can be initiated below 1019 for the targets of 1000
and 980 with stop at 1040.

Overall trend is down. Hold positional short positions with stop at 1040 for the mentioned levels of
1000-980.

RELIANCE INDUSTRIES – 810.60

Overall trend is down. We advised to buy above 832 & it just returned from that level. Those who
entered were exited at 825. It has support around 785. If sustains below it on closing basis than we
may see the levels of 680-700 in coming weeks.

Overall trend is down. Stock has support around 785. As we have mentioned, any sustained close
below that level will take it to 700-680 in coming weeks.

TATA MOTORS – 270.35

Overall trend is down. As it has broken the support at 280 & closed below it, now we may see the
levels of 255-240 in coming days to weeks.

Overall trend is down. Intraday rise to 276-277 is to be used to go short keeping stop at 280 for the
possible lower levels of 270-265.

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TATA STEEL – 321.85

Overall trend is down. Our long positions initiated were stopped out. Any weekly close below 320
will take it to the levels of 200 in coming weeks.

Overall trend is down. Keep watch on the weekly close of 320. Only for intraday, buy if crosses above
328 for the level of 334 with stop at 324.

SBI – 2083.95

Overall trend is down. Now below 2050 it will try to touch to the levels of 1980 in coming days. If
market condition is not positive, we may see the levels of 1800 in coming weeks.

Overall trend is down. Intraday go short below 2070 for the levels of 2050 with stop at 2080. Below
2050, it will go to 1980 initially.

USDINR – SPOT – 54.33

Overall trend is down. Hold short positions for positional trade as advised with the stop loss of
54.57. We may see the levels of 54.15-54.10-54.95. For intraday only, if it goes above 54.37, we may
see the levels of 54.50-54.52.

Overall trend is down. Hold positional short positions with stop at 54.57.

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Stocks with Positive Breakout
Stock Name Buying Range
- -

Stocks with Negative Breakout
Stock Name Selling Range
McDowell 1820-1822
TCS 1530

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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Daily Newsletter - 25-03-2013

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Daily Newsletter - 25-03-2013