1. SHAH ADVISORY
Daily Morning
Newsletter
20-03-2013
Vivek A. Shah
2013
WWW.SHAHADVISORY.COM

2. Wednesday, 20th March 2013  - www.shahadvisory.com
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Shah Advisory – Daily Morning Newsletter
BSE Sensex – 19008.10
TREND / PERIOD DAILY WEEKLY MONTHLY
DIRECTION DOWN DOWN UP
Trend Change Level 19350 19500 17670
(Closing Basis)
Overall trend on daily basis is positive. For long positions, keep stop loss at 19175. On breach on it,
we may see the previous lows on the index.
Overall trend on daily basis is down. Our trailed stop loss for long positions hit. We advised that
below 19175, we may see the previous lows of 18700 & today made a low around 18940. In coming
days, we may see the levels of 18700 & below it 18000.
S&P 500(USA) – 1552.10
Overall trend is positive. Look for the levels of 1570 to book full profit keeping stop loss at 1544.
Overall trend is positive. Exit from the long positions if closes below 1550.
AXIS BANK – 1321.50
Overall trend is down. Below 1315, we may see the levels of 1300-1285.
Overall trend is down. All the mentioned levels attained so book full profit. Once it sustains below
1295, next possible lower level will be 1224.
ICICI BANK – 1032.60
Overall trend is down. We may see the levels of 1027-980 in coming days to week. It has already
made a low around 1035. Any rise to 1070 to be used to go short with stop at 1082.
Overall trend is down. Our initial target of 1027 attained. Trail stop loss to 1068 for the next target of
980.
RELIANCE INDUSTRIES – 825
Overall trend is down. As mentioned, 831 is support on lower side. Now if trades below 829 than we
may see the levels of 818-810. Any rise to 844-846 to be used to go short with stop at 851.
Overall trend is down. It has almost attained our second target of 810. Wait for the next trade
indication.
TATA MOTORS – 281.60
Overall trend is down. It has attained out initial target of 285. Now trail stop loss to 294 for short
positions & look for the levels of 281-282 to book full profit.
Overall trend is down. It has attained our second target of 282 so book full profit. Fresh trade entry
will be updated later.
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Shah Advisory – Daily Morning Newsletter
TATA STEEL – 339.70
Overall trend is down. Out trailed stop loss hit so exited from the long positions. Now below 345, it
may go to levels around 339-335.
Overall trend is down. We advised that below 345, it can touch 339-335. It has already attained
target of 339. Trail stop loss to 345 for the next target.
SBI – 2203.55
Overall trend is positive. It has almost returned from the stop loss level we mentioned. Those who
exited the positions can stay away. Those who are holding can look for the levels of 2300-2315 to
book full profits with stop loss at 2230 strictly.
Overall trend is positive. Our stop loss triggered so exited from long positions.
USDINR – SPOT – 54.3750
Overall trend is down. If it trades above 54.26, it can touch 54.40-54.45. On the lower side, below
53.96, go short with stop loss at 54.21 for the possible lower levels of 53.82-53.67-53.55 in coming
days.
Overall trend is down. Our stop loss in short positions hit.
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Shah Advisory – Daily Morning Newsletter
Stocks with Positive Breakout
Stock Name Buying Range
- -
Stocks with Negative Breakout
Stock Name Selling Range
Bank of India 311
NOTE –
Red colour – Last View / update on the scrip
Green colour – Current View / update on the scrip
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