Daily Newsletter - 30 01-2013

SHAH ADVISORY

Daily Morning
Newsletter
30-01-2013
Vivek A. Shah

2013

WWW.SHAHADVISORY.COM

Wednesday, 30th January 2013  - www.shahadvisory.com
Follow us on Twitter - @equityadvisory

Shah Advisory – Daily Morning Newsletter
BSE Sensex – 19990.90

TREND / PERIOD DAILY WEEKLY MONTHLY
DIRECTION Sideways – Down UP UP
Trend Change Level 19990 19650 17900
(Closing Basis)

Overall trend is positive. In the coming days we can see the levels of 20500-20600. Keep stop loss of
19950. We may see some strong moves in the coming days in the market due to upcoming events
like RBI policy, F&O expiry. Trade keeping strict stop loss.

Overall trend is positive but for intraday to next 2-3 days we may see some fall in the market till the
levels of 19720. Medium term traders need to keep stop loss of 19650 for their positions.

S&P 500(USA) – 1500.18

Overall trend is positive. Our mentioned level of 1500 attained on the index so advised to book full
profit here. Anyone still want to hold the positions can keep stop loss of 1487 & look for the levels of
1530-1533 in coming days to week to book profit.

Overall trend is positive. Our target is already attained in the index. Now we may see some
consolidation in the index for next few days & expect it to trade in the range of 1500-1480.

AXIS BANK – 1475.45

Overall trend has turned positive. Short term long position can be initiated above 1429-1430. Keep
stop loss of 1402 for the same position.

Overall trend is positive. We advised to initiate long above 1430. Those who bought got very strong
intraday move of around 4%. Those who are still holding the positions need to keep stop loss of 1428
& we may see the levels of around 1600 in the coming weeks.

ICICI BANK – 1201.20

Overall trend is sideways to positive. Look for selling only below 1155 & buy only on cross of 1198.

Overall trend is positive. We advised to buy above 1198 & it made a high of 1228 giving nearly 2.5%
move intraday. Anyone still holding the position can keep stop loss of 1192 & look for the higher
levels of 1228-1235 to book full profits.

RELIANCE INDUSTRIES – 882.85

Overall trend is positive. Our recommended buying level attained in the trade. Now hold positions
with the stop loss of 883 & look for the higher levels of 916-929 to book full profit.

Overall trend has turned negative. Medium term traders who bought reliance around 892-896 range
can keep the positions. Intraday to short term traders need to keep stop loss of 877 below which we
may see fall to the levels of around 845-850.

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TATA MOTORS – 304.25

Overall trend is weak. 308-309 is resistance as we mentioned. Now any cross above 311 will again
take stock to higher levels so advised to buy on cross of 311. Else shorting on fall below 307-308 with
stop loss of 311 can be initiated.

Overall trend is weak. We got 1% move in intraday trade on both sell side as well as buy side. Now
any open long positions need to be closed as we mention stop loss at 308. Any open short positions
need to be maintained with the stop loss of 310 & look for the lower levels of 299-295-289 to book
full profit. Book half of the position around 295 levels.

TATA STEEL – 399

Overall trend is negative. But we may see some rise in the stock till the levels of around 414-416.
Look for buying on cross of 411 and any fall to the levels of around 393-394 to be used to enter long
positions for short term view.

Overall trend is negative. We advised to buy above 411 & it returned from 411.40. Anyone holding
long positions need to close it if goes below 393. As we are advising, we may see the levels of 393-
394 in coming days. Any sustenance below 398 levels on closing basis will threaten the uptrend of
the stock.

SBI – 2462.45

Overall trend is positive. Those who have not booked profit can keep stop loss of 2480 & look for the
higher levels of 2540-2550 to book full profit.

Overall trend has turned sideways to negative. It looks that we may see the levels of 2440-2423 in
the stock where short term buying can be initiated.

USDINR – SPOT – 53.7650

Overall trend is negative. Though longs initiated around 53.9050 to be kept open with stop loss of
53.75 & look for the higher levels of 54.20 to book profit.

Overall trend is negative. Our given stop loss triggered in long call. Intraday buying can be initiated
above 53.89 for the targets of 54.04-54.10.

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Stocks with Positive Breakout
Stock Name Buying Range
Divis Labs 1079-1080
Shriram Transport 781

Stocks with Negative Breakout
Stock Name Selling Range
Bharti Airtel 347.40-347.60
OFSS 3210
Reliance 877
ICICI Bank 1196-1196.70 (Intraday)

NOTE –
Red colour – Last View / update on the scrip
Green colour – Current View / update on the scrip

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Daily Newsletter - 30 01-2013

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