1. SHAH ADVISORY
Daily Morning
Newsletter
10-01-2013
Vivek A. Shah
2013
WWW.SHAHADVISORY.COM

2. Thursday, 10th January 2013  - www.shahadvisory.com
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Shah Advisory – Daily Morning Newsletter
BSE Sensex – 19666.59
TREND / PERIOD DAILY WEEKLY MONTHLY
DIRECTION UP UP UP
Trend Change Level 19580 19000 17900
(Closing Basis)
Overall trend is positive. Intraday buying can be initiated above 19780. As mentioned, till we sustain
above 19500 on closing basis, trend is positive & hold the long positions.
Overall trend is positive as we are trading well above weekly trend level. Hold long position as we
are expecting that index may close above 19800-19850. If that happens, we can see rally towards
20500.
S&P 500(USA) – 1457.15
Overall trend is positive but may see some sideway moves. Buying can be initiated around 1451 level
& also around 1460 levels.
Overall trend is positive. We advised to buy around 1451 & at 1460. Both levels attained, now look
for the higher levels of 1475 to book part position & higher levels of 1500 can be attained in coming
weeks. Keep stop loss of 1438 for the position.
AXIS BANK – 1349.65
Overall trend is positive. For any positional long trade, keep stop loss of 1350 on closing basis. Our
stop loss for long position triggered so exited from the position. Avoid taking any position currently.
It is expected that it may take support around 1340-1344 zone.
Overall trend is sideways to positive. If we do not sustain around 1340-1344 zone we may see some
down side in the stock. As the stock has closed below 1350 today, positional traders need to exit
from the trade once stock start trading below 1341 in the next trading session.
ICICI BANK – 1180.45
Overall trend is positive. Our level for short attained in the trade. Keep stop loss of 1191 & look for
the lower levels of 1163-1160 to book full profit.
Overall trend is positive. Hold short position with the stop loss of 1191 & look for booking profit
around 1163-1160.
RELIANCE INDUSTRIES – 852.70
Overall trend is positive. Look for the lower levels of 840 to go long in the scrip for the short term.
Overall trend is positive. Avoid taking any position currently. 835 is support for the stock. If sustains
around that levels than expect bounce from that level.
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Shah Advisory – Daily Morning Newsletter
TATA MOTORS – 314.15
Overall trend is positive but we may see some down side in the stock. Though we are not suggesting
going short but below 311 we may see fall till the levels of around 307-299. Look for buying around
these levels for short term trade with 50% quantity at each level.
Overall trend is positive. In our 01-01-2013 report we mentioned that positional traders can hold the
position for the targets around 334. It made a high of 330.35, so almost near to the target. Look for
booking profit there.
TATA STEEL – 422.30
Overall trend is positive. Fresh long can be initiated above 449 & fresh shorting can be done below
429. Avoid trade between these levels.
Overall trend is positive. We mentioned to go short below 429 & made a low of 421 in the same
trade day. It is advisable to book profit. Anyone still holding can keep stop loss of 426 & look for the
levels of 418 to book full profit.
SBI – 2522.80
Overall trend is positive. Our short call stopped out in the trade. It looks like that up move in the
stock is losing the strength. Go short below 2460 for possible lower levels of 2440.
Overall trend is positive. Intraday buying can be initiated if it comes to 2495 level. Also above 2540
longs can be added or initiated if not go to 2495 levels.
USDINR – SPOT – 54.7650
Overall trend is positive. It looks like we may see fall till the level of 54.75 once we sustain below
54.93 levels.
Overall trend is positive. We advised that below 54.93, we may see the levels of 54.75 can be seen. It
made a low of 54.7050. Now if we sustain above 54.92 for 15 minutes in the trade than long position
can be initiated above that level & we may see rise to 55.05.
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Shah Advisory – Daily Morning Newsletter
Stocks with Positive Breakout
Stock Name Buying Range
Suzlon 20.05
Stocks with Negative Breakout
Stock Name Selling Range
Bajaj Auto 2140-2145
Bank of Baroda 864-865
SESA Goa 195.10
Sterlite Ind. 115.70-115.85
Wipro 392.50-392.70
Axis Bank 1341
Jindal Steel 445
Union Bank 269.70-269.90
NOTE –
Red colour – Last View / update on the scrip
Green colour – Current View / update on the scrip
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