1. SHAH ADVISORY
Daily Morning
Newsletter
12-03-2013
Vivek A. Shah
2013
WWW.SHAHADVISORY.COM

2. Tuesday, 12th March 2013  - www.shahadvisory.com
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Shah Advisory – Daily Morning Newsletter
BSE Sensex – 19646.21
TREND / PERIOD DAILY WEEKLY MONTHLY
DIRECTION UP UP UP
Trend Change Level 19350 19500 17670
(Closing Basis)
Overall trend on daily basis is up. Weekly trend will turn above 19750. Short positions were stopped
out. Once index crosses above 19750 it will go for the 19900 where we are expecting some pause in
this rally.
Overall trend on daily basis is up though not advised to buy at current level. Also on weekly basis
index will turn positive above 19750. Do keep in mind that index should sustain for 10 minutes
above 19750 levels to make it positive. Some intraday whipsaws are expected.
S&P 500(USA) – 1551.18
Overall trend is positive. Hold long positions for the expected higher levels of 1570 keeping stop loss
at 1515.
Overall trend is positive. Hold long positions for the expected higher levels of 1570 & trail stop loss
to 1518 on closing basis.
AXIS BANK – 1401.20
Overall trend is down. Hold short positions with the stop loss at 1420.
Overall trend is down. Our stop loss triggered but still if anyone holding short than keep stop loss on
closing basis above 1420. Also any intraday bounce to 1409 to be used to go short keeping stop on
closing basis at 1420.
ICICI BANK – 1131.95
Overall trend will turn positive above 1144. Short positions initiated stopped out on intraday basis
itself so exited from it. Overall it looks like above 1145 level, it will try to touch the levels of around
1187.
Overall trend is positive. Levels of 1116 on closing basis is important support level, above which we
may expect the higher levels of 1187 in coming days to week.
RELIANCE INDUSTRIES – 844.50
Overall trend is down. Close above 858 will turn trend positive.
Overall trend is down. We may see the levels of 832 in coming days. As mentioned, close above 858
will only make trend positive, till than any rise to be used to go short.
TATA MOTORS – 301.55
Overall trend is positive. Trade need to be initiated on cross above 312.
Overall trend is positive. Not advised to trade at current levels. Either buy above 312 or short below
296.
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Shah Advisory – Daily Morning Newsletter
TATA STEEL – 359.35
Overall trend is down. It looks like that stock is heading towards the levels of around 370-372.
Overall trend is down. Any long positions in the stock need to be maintained with the stop loss of
350. We may see the levels of 368-372 in coming days.
SBI – 2204.70
Overall trend is down. It has attained the mentioned level of 2220 to book full profit. Now it may see
some rise till 2250 levels. On intraday basis, below 2185 we may see the levels of 2150.
Overall trend is down. Any intraday dip below 2180 will take it to 2145 levels. It will face resistance
around 2240 levels. Also it is advisable to look for shorting around 2235-2240 levels keeping stop
loss at 2260 levels.
USDINR – SPOT – 54.3950
Overall trend is slightly positive but once it will start trading below 54.24, we may see the levels of
54. We mentioned that 54.50 is support but it has not taken support there & fall to the levels of
54.28. Intraday bounce above 54.38 will take it to 54.55-54.60 levels.
Overall trend is slightly positive. As we mentioned, above 54.38, we can see the levels of 54.55-
54.60. It has made a high around 54.51. We may see some bounce till 54.60 levels. Also it has to be
noted that currently it is trading in a sideways kind of pattern & need to book profit at low margin.
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Shah Advisory – Daily Morning Newsletter
Stocks with Positive Breakout
Stock Name Buying Range
Andhra Bank 103.05-103.10
Cairn India 310.05-310.40
Stocks with Negative Breakout
Stock Name Selling Range
- -
NOTE –
Red colour – Last View / update on the scrip
Green colour – Current View / update on the scrip
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