The document provides a daily market and stock analysis newsletter from Shah Advisory. It analyzes the movement and trends of key indices like BSE Sensex, S&P 500, and stocks like Axis Bank, ICICI Bank, Reliance Industries, and Tata Motors. It identifies overall trends in the market and for some stocks, and provides recommendations on whether to buy, sell, or hold positions based on technical analysis of price levels.

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

2. Tuesday, 01st January 2013  - www.shahadvisory.com
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Shah Advisory – Daily Morning Newsletter
BSE Sensex – 19426.71
TREND / PERIOD DAILY WEEKLY MONTHLY
DIRECTION Sideways UP UP
Trend Change Level 19100-19500 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.
S&P 500(USA) – 1402.43
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.
AXIS BANK – 1356.55
We advised to book profit in long positions around 1367-1372 levels which attained. It is advised to
look for shorting opportunity around 1360 levels & below 1350 keeping stop loss of 1374 & look for
the lower levels of 1340 & below to come in coming days.
Those who have shorted at 1360 levels keep stop loss of 1374 & hold the position for mentioned
levels.
ICICI BANK – 1138.25
Overall trend on weekly chart is positive. Intraday to short term traders go short below 1128 for the
lower levels of 1115 & below keeping stop loss of 1147.
Go short if it falls below 1128. If it crosses 1143, go long for expected higher levels of 1154 & above.
RELIANCE INDUSTRIES – 839.55
Overall trend is sideways. Now it has closed above 836 levels & near to its upper trading range of
850. Once it starts trading above 850, enter the long position.
Go long above 850. Go short if falls below 835 for the expected lower levels of 828 & below.
TATA MOTORS – 310.05
Overall trend is positive. We may see the levels of 307-302 in coming days. Short term traders can go
long around 303 levels for short term bounce from there. Positional traders may see the level of 334
in coming weeks.
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Shah Advisory – Daily Morning Newsletter
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.
TATA STEEL – 428.50
Overall trend is bullish. Positional traders look for entry in to the stock around 419 levels.
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.
SBI – 2385.50
It almost attained our target of 2398. Now it looks like it will find resistance around 2408 – 2410
levels. Intraday trading should be avoided. Positional trade will be communicated later.
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.
USDINR – SPOT – 54.9950
Overall trend is positive. We advised to go short below 54.79 & on rise to 54.95. All the selling levels
attained & it fall from 54.98 to 54.7550. Our average for sell is around 54.87 & currently getting
around 0.10 profits. One may look for booking profit around 54.75-54.77 levels.
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.
Stocks with Positive Breakout
Stock Name Buying Range
Aditya Birla Nuvo 1100
Apollo Tyre 89.40-89.50
IB Real Estate 75.80-76
ACC 1440
Oriental Bank 353-353.50
Stocks with Negative Breakout
Stock Name Selling Range
UBL 921-923
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