1. SHAH ADVISORY
Daily Morning
Newsletter
05-03-2013
Vivek A. Shah
2013
WWW.SHAHADVISORY.COM

2. Tuesday, 05th March 2013  - www.shahadvisory.com
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Shah Advisory – Daily Morning Newsletter
BSE Sensex – 18877.96
TREND / PERIOD DAILY WEEKLY MONTHLY
DIRECTION Down Down UP
Trend Change Level 19500 19500 17670
(Closing Basis)
Overall trend is negative. We advised to go short around any rise to 19300-19500 & got the
opportunity to short around 19300 & index fell to the levels of 18800, thus profit of nearly 500
points in a single day. Also we mentioned that around 18700 will be the initial target. We may see
some bounce to the levels of 19100 but any fall below 18760 will again start selling.
Overall trend is down. As we mentioned, index returned from the levels of 18760 to close at
18877.96. As we are suggesting that market has shown sharp fall so there will be some bounce but
that need to be used to go short only around 19100-19250. Keep watch on our trend change levels.
S&P 500(USA) – 1518.20
Overall trend is slightly bullish but need to keep watch on the levels of 1505 on closing basis.
Currently short positions need not to be initiated.
Overall trend is slightly bullish but close & sustenance below 1507 will turn trend down. Buying can
be initiated only on cross of 1527.
AXIS BANK – 1368.90s
Overall trend is down. We may see some bounce till 1400 once it trades above 1380. But not
advising to trade high till closes above 1410. Any rise to 1410-1415 to be used to go short.
Overall trend is down. We may see some bounce till 1410-1417 in coming days. Long positions need
to be maintained with stop loss of 1360.
ICICI BANK – 1058.65
Overall trend is bearish. Medium term traders need to hold positions for higher targets. Intraday buy
if crosses above 1069 for targets of 1082-1087.
Overall trend is down. Long positions need to be maintained with stop loss of 1055. Look for the
higher levels of 1082-1087 to book profits.
RELIANCE INDUSTRIES – 812.60
Overall trend is down. Fresh investment can be initiated around 810-820 levels for medium term
with 30% quantity at mentioned price.
Overall trend is down. Intraday buying can be initiated only on cross of 826 for possible higher levels
of 836.
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Shah Advisory – Daily Morning Newsletter
TATA MOTORS – 289.75
Overall trend is down. Taking support around 280 zones. So short positions need to be maintained
with stop loss of 297 on closing basis.
Overall trend is down. Hold short positions with 297 stop loss on closing basis. Intraday go short
around 295 levels, keep stop at 298.
TATA STEEL – 334.70
Overall trend is bearish. Any intraday bounce above 350 will take it to 360 levels.
Overall trend is down. Any intraday bounce above 340 will take it to 346 & than 358-360. Avoid long
positions or trade with small quantity as the down movement is very strong.
SBI – 2099.50
Overall trend is negative. Not advising any positions due to non promising risk to reward ratio.
Overall trend is negative. Buy on cross of 2110 for expected higher levels of 2165, keep stop at 2085.
USDINR – SPOT – 54.8650
Overall trend will turn positive once it will start trading above 54.95. But need to initiate trade only
above 55.01 & also we are not expecting this bounce to cross 55.40 currently.
Overall trend is getting positive now. Above 55.01 it touched the levels of around 55.14. Now
intraday shorting can be initiated around current levels for expected levels of 54.70-54.65.
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Shah Advisory – Daily Morning Newsletter
Stocks with Positive Breakout
Stock Name Buying Range
Amara Raja Batteries 300
Colgate 1372-1374
Stocks with Negative Breakout
Stock Name Selling Range
HCL Tech 710-710.50
NOTE –
Red colour – Last View / update on the scrip
Green colour – Current View / update on the scrip
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