1. SHAH ADVISORY
2013
Daily Morning
Newsletter
02-05-2013
Vivek A. Shah
W W W . S H A H A D V I S O R Y . C O M

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BSE Sensex – 19504.18
TREND / PERIOD DAILY WEEKLY MONTHLY
DIRECTION UP UP UP
Trend Change Level
(Closing Basis)
18850 19100 17670
Overall trend is positive. Keep watch on level of 19500. Once cross it & sustain, we may see higher
levels of 19700 initially. If it is not able to cross than expect some correction till 18950-18780 as
mentioned.
Overall trend is positive. Weekly also it has turned positive. Now one more close above 19500 is
needed to initiate fresh long positions.
S&P 500(USA) – 1597.57
Overall trend has turned positive but as we are suggesting avoiding taking fresh long positions as we
are not expecting it to cross levels of 1590.
Overall trend is positive. Still we are not advising to initiate fresh long positions. Once it will sustain
above 1600 levels than we will look for initiating fresh longs.
AXIS BANK – 1492.70
Overall trend is positive. Those who initiated short positions can keep stop at 1500 or not initiated
than look for shorting if sustain below 1465. We are expecting levels of 1443-1396.
Overall trend is positive. It has just touched the stop loss levels so exited the trade. If manages to
sustain above 1505 than we are expecting it to touch previous high of 1515 & above.
ICICI BANK – 1163.65
Overall trend is positive. Look for shorting as advised if sustain below 1122 for initial target of 1104.
Overall trend is positive. Go short if sustains below 1132 or go long if sustains above 1175.
RELIANCE INDUSTRIES – 788.20
Overall trend is down. Go short below 785 for targets of 776-769 with stop at 795.
Overall trend is down. It has almost attained 1st
target of 776 as mentioned. Those who want to hold
positions can keep stop at 795.
TATA MOTORS – 300
Overall trend is positive. It is facing resistance around 300-302 zones. Not advising to short but if it
comes near to 286-287, look for buying keeping stop at 283.
Overall trend is positive. It has touched the level of 301. Two consecutive closes above 303 will take
it to higher levels and we will initiate fresh long above that level only.

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TATA STEEL – 302.75
Overall trend is down. We are expecting it to touch 295-291 levels once it falls below 301.
Overall trend is down. Those who are short can keep stop at 307 and look for the levels of 295-291.
SBI – 2264.30
Overall trend is positive. Those who shorted can keep stop at 2310. Look for lower levels of 2213-
2167 to book profits.
Overall trend is positive. Our initial target of 2213 almost attained. It made a low around 2225. Now
keep stop at 2280 levels.
USDINR – SPOT – 53.7950
Overall trend is sideways. As advised, look for the levels of 54.37-54.47. Once it crosses that range
than we may see the levels of 54.57-54.80.
Overall trend is sideways. Now it has come to the lower band of trading range and it is 53.70. Once it
manages to close below it than we may see further lower levels else another round of range trading
to 54.40.

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Stocks with Positive Breakout
Stock Name Buying Range
Indian Bank 175.50
Stocks with Negative Breakout
Stock Name Selling Range
- -
NOTE –
Red colour – Last View / update on the scrip
Green colour – Current View / update on the scrip
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