1. SHAH ADVISORY
Daily Morning
Newsletter
02-01-2013
Vivek A. Shah
2013
WWW.SHAHADVISORY.COM

2. Wednesday, 02nd January 2013  - www.shahadvisory.com
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Shah Advisory – Daily Morning Newsletter
BSE Sensex – 19580.81
TREND / PERIOD DAILY WEEKLY MONTHLY
DIRECTION UP UP UP
Trend Change Level 19422 18900 18120
(Closing Basis)
Overall trend is sideways. We are recommending holding long position in the market as overall trend
on weekly & monthly basis is up. We are expecting breakout on upper side & expecting the index to
touch the levels of 20100 in coming weeks & also expecting that market will not close below 19200
in coming few days. If it goes below 19200, we may see fall in the market to the levels of 19000 &
below.
We mentioned that we are expecting the levels of 19600 to come in near future & it attained in the
trade on Tuesday. We can see the index to touch the levels of around 19800-19820 in coming days.
Keep stop loss of 19400 on closing basis for all the long positions.
S&P 500(USA) – 1426.19
As mentioned, 1426 on closing basis is important support. We can see below 1426 close, currently
fall down to 1402 levels. We may see some pause over here at 1400 level. Also market is eagerly
waiting for solution on Fiscal Cliff front. It is going to be the trend decider for coming months. Keep
watch on 1394-1385 zones on closing basis. Any close below it will take the indices lower in coming
weeks to even 1340-1250 levels else expect bounce.
Taking support around 1400 levels as mentioned. Now this rally may continue up to the levels of
around 1450.
AXIS BANK – 1362.70
Those who have shorted at 1360 levels keep stop loss of 1374 & hold the position for mentioned
levels.
Hold the shorts with the given stop loss of 1374.
ICICI BANK – 1158.45
Go short if it falls below 1128. If it crosses 1143, go long for expected higher levels of 1154 & above.
We advised to go long above 1143 for the target of 1154 & above. It attained the target & closed at
1158.45. Anyone who has not booked the profit can keep stop loss of 1145 & look for the levels of
1165-1174 to book full profit.
RELIANCE INDUSTRIES – 840.70
Go long above 850. Go short if falls below 835 for the expected lower levels of 828 & below.
Overall trend is sideways. No trade execution level attained. Now go short if falls below 837 for the
levels of 832-828. Go long above 851 only.
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Shah Advisory – Daily Morning Newsletter
TATA MOTORS – 316.75
Our mentioned levels did not attain in a trade. If it comes to 309, go long with stop loss of 307 & can
also enter long position above 315 for the expected higher levels of 318-320 keeping stop loss of
307.
Overall trend is positive. Advised to go long above 315 & it attained level of 318. Now keep stop loss
of 312 for the position & look for the possible upper levels of 321-324 to book full profit.
TATA STEEL – 438.20
Overall trend is bullish but we may see some sideways move for few days. If it crosses 433, enter
long position for expected higher levels of 437-440. Also shorting is advisable around 430 levels
keeping stop loss of 433 for the lower levels of 426 & below.
Overall trend is bullish. We advised to go long above 433 for the targets if 437-440. It attained both
the targets. Now anyone holding long position can trail stop loss to 434 & look for the upper levels of
445-448 to book full profit.
SBI – 2426.45
Overall trend is bullish but trading in a range of 2323-2408 & currently near to upper trading range.
Go short below 2380 for the level of 2364 & below. Buying is advisable only on cross of 2410.
Overall trend is bullish. We advised to go long above 2410 & it made a high of 2434. Now trail stop
loss to 2399 & look for the higher levels of 2445-2470 to book full profit.
USDINR – SPOT – 54.6850
Overall trend is positive. We have booked the short position at 54.75-57.77 levels. USDINR has
bounced sharply in last 1 hour of trade. Now we may see bounce to 55.20.
Overall trend is positive till it is trading above 54.40 levels. We were expecting the levels of 55.20 to
attain but it has fallen sharply from the levels of 55 to close around 54.68. Now we need to wait for a
clear signal on the chart to get any trading decision as there are certain sharp movements in last two
trading sessions.
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Shah Advisory – Daily Morning Newsletter
Stocks with Positive Breakout
Stock Name Buying Range
Dena Bank 121.10-121.30
HDIL 116.05-116.20
RCom 76.55-76.60
Sintex 68.05-68.10
Bharti Airtel 324-324.60
HDFC Bank 686.10-687
Coal India 361.10-361.40
Jyoti Structure 46.60-46.65
Kiri Dyes 329-330
Century Text. 427.10-427.60
Hind Oil Expl. 105-105.10
Stocks with Negative Breakout
Stock Name Selling Range
Pantaloon Retail 255.70-255.80
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