1. SHAH ADVISORY
Daily Morning
Newsletter
16-04-2013
Vivek A. Shah
2013
WWW.SHAHADVISORY.COM

2. Tuesday, 16th April 2013  - www.shahadvisory.com
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Shah Advisory – Daily Morning Newsletter
BSE Sensex – 18357.80
TREND / PERIOD DAILY WEEKLY MONTHLY
DIRECTION DOWN DOWN UP
Trend Change Level 18600 19250 17670
(Closing Basis)
Overall trend is down. As we suggested, index not able to sustain above 18650 come down to 18250
levels. There is a small support around 18150 so if not breaks that level than some upside till 18400
is possible again it will be a shorting opportunity. Below 18150, we can see the levels of 18000-
17800.
Overall trend is down. We have mentioned that there is some minor support around 18250 levels, so
need to take sometime around that levels before giving direction on any side. We are expecting
index to break this level within next few days.
S&P 500(USA) – 1588.85
Overall trend is positive. Stop loss triggered so exited from the position. It can reach to 1673 levels in
coming weeks if the index manages to stay above 1570 level on weekly basis.
Overall trend is positive. Strong support lies at 1568 levels. Any daily close below 1568 will turn
trend short term down. Not advising any trade now.
AXIS BANK – 1294.20
Overall trend is down. It has attained our both the targets of 1260-1270. Again 1285 will provide
resistance to the stock in the near term so any long position not booked yet has to be close around
those levels.
Overall trend us down. As we advised it has touched the level of 1285. Now again we are expecting
the downside movement to start. Any close above 1312 will be the important trend change level. On
the downside we are expecting the levels of 1263 initially and than 1225.
ICICI BANK – 1047.10
Overall trend is down but it can touch 1066 once crosses above 1051.
Overall trend is down. It has touched the level of 1066 as mentioned. Again we can see the levels of
1025 in coming days. If sustain below 1025 than it will go to 1000 levels.
RELIANCE INDUSTRIES – 793.60
Overall trend is down. Stay away from the stock for trading purpose as trading in a sideways zone.
Overall trend is down. If crosses above 801 than 816 is possible and look for shorting if comes to 815
with stop at 821.
TATA MOTORS – 269
Overall trend is down. It can reach 269-266 levels in 1 or 2 days. Only if sustains above 282 than
positive momentum can be seen in the stock.
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Shah Advisory – Daily Morning Newsletter
Overall trend is down. It has attained the levels of 269-266 as mentioned by us. If sustain above 276
than levels of 280-283 possible. Alternatively look for shorting if comes to 272 with stop at 276 for
lower levels of 266-261.
TATA STEEL – 294.45
Overall trend is down. As it has crossed below 297 levels, we are expecting the levels of 260-250 in
coming weeks. Any rise above 304.50 will take it to 308-309 intraday. Short positions can be initiated
around 310 levels with stop at 314.
Overall trend is down. As we are expecting, levels of 260-250 is coming in coming weeks. Intraday
only buy above 302 for targets of 308.
SBI – 2146.30
Overall trend is down. As we mentioned it touched 2097 after crossing the level of 2066. Now hold
long positions with stop at 2043 and look for the higher levels of 2095-2120-2125 to book full profit.
Overall trend is down but will turn positive if cross above 2162. If not sustains than again we can see
the levels of 2067.
USDINR – SPOT – 54.63
Overall trend is slightly positive. Keep watch on 54.68 levels. If crosses above 54.68 than we are
expecting the levels of 54.75-54.85.
Overall trend is slightly positive. It has already attained the level of 54.75. Hold long positions with
stop at 54.55. We can see the levels of 54.85.
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Shah Advisory – Daily Morning Newsletter
Stocks with Positive Breakout
Stock Name Buying Range
IFCI 28.60
Bank of India 301
Voltas 81.10
Canara Bank 417
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
YOU CAN ALSO VIEW THIS REPORT ON THE WEB -
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