The daily newsletter provides analysis and trading recommendations for several Indian and international stocks and indices. The BSE Sensex, S&P 500, Axis Bank, ICICI Bank, Reliance Industries, Tata Motors, Tata Steel, SBI and USDINR are discussed. Overall trends are described as positive, sideways or negative. Support and resistance levels are identified. Recommendations are given to either hold existing positions, book profits, or take new positions, with suggested entry and stop loss levels.

1. SHAH ADVISORY
Daily Morning
Newsletter
23-01-2013
Vivek A. Shah
2013
WWW.SHAHADVISORY.COM

2. Wednesday, 23rd January 2013  - www.shahadvisory.com
Follow us on Twitter - @equityadvisory
Shah Advisory – Daily Morning Newsletter
BSE Sensex – 19981.57
TREND / PERIOD DAILY WEEKLY MONTHLY
DIRECTION UP UP UP
Trend Change Level 19860 19340 17900
(Closing Basis)
Overall trend is positive as we are trading well above weekly trend level. Those holding positions for
medium term can keep stop loss of weekly level. I am expecting market to bounce from the levels of
around 19900.
S&P 500(USA) – 1485.98
Overall trend is positive. We advised to book part profit around 1475 & also mentioned that levels of
1500 can be attained in the coming weeks. It had attained the levels of 1485 till now. Hold positions
with the stop loss of 1468.
AXIS BANK – 1393.40
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.
Overall trend is positive. We advised to exit the positions for positional traders below 1341 on 11-01-
2013 but it just bounce from there & made a new high of 1431. It is advised that positional trades
should book profit around these levels. Intraday to short term traders can open fresh shorts below
1386 levels for the expected lower levels of 1372-1360 keeping stop loss of 1405.
ICICI BANK – 1170.15
Overall trend is sideways to negative. Intraday go short below 1162 for the expected lower levels of
1151-1135 & keep stop loss of 1185.
RELIANCE INDUSTRIES – 920.05
Overall trend is positive. We are not suggesting shorts but expecting the lower levels of 911-900-895
to come in few days.
TATA MOTORS – 318.55
Overall trend is positive. Any close below 314 will change the trend of the stock. Intraday to short
term buying is advisable above 320.50.
TATA STEEL – 408.70
Overall trend is negative & expecting the levels of 403-393 to attain in coming weeks.
SBI – 2464.45
Overall trend is sideways to negative. Support is around 2442 levels. Short term traders can initiate
long positions around there keeping stop loss of 2420.
 +91 84600 32788  support@shahadvisory.com
2
Save Trees. Do not Print. Read Disclaimer on our website

3. Wednesday, 23rd January 2013  - www.shahadvisory.com
Follow us on Twitter - @equityadvisory
Shah Advisory – Daily Morning Newsletter
USDINR – SPOT – 53.8150
Overall trend is negative. We may see the bounce till the levels of 54.15-54.20. any fall below 53.60
to be used to go short for the possible lower levels of 53.40-53.10 in coming weeks.
Stocks with Positive Breakout
Stock Name Buying Range
- -
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
 +91 84600 32788  support@shahadvisory.com
3
Save Trees. Do not Print. Read Disclaimer on our website