The document provides a daily morning newsletter with analysis and recommendations on various stocks and indices from Shah Advisory. It analyzes the overall trends of key indices like BSE Sensex, S&P 500, and USDINR and provides both intraday and positional trading recommendations. It also identifies stocks showing positive and negative breakouts with recommended buying and selling ranges. The analysis indicates a generally positive market trend while highlighting some individual stocks to trade both long and short.

1. SHAH ADVISORY
Daily Morning
Newsletter
24-01-2013
Vivek A. Shah
2013
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2. Thursday, 24th January 2013  - www.shahadvisory.com
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Shah Advisory – Daily Morning Newsletter
BSE Sensex – 20026.61
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.
Overall trend is positive. I mentioned that expect bounce from 19900 levels & it made a low of
19920 & bounced more than 100 points from that level. Short term traders hold long positions with
the stop loss of 19860 on closing basis.
S&P 500(USA) – 1492.56
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.
Overall trend is positive. Hold long positions for the mentioned target of 1500 keeping stop loss of
1474.
AXIS BANK – 1398.40
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.
Overall trend is positive. Intraday short initiated below 1486 are stopped out at 1405 levels. Look for
buying around current levels for the expected higher levels of 1428-1431 with the stop loss of 1388.
ICICI BANK – 1181
Overall trend is sideways to negative. Intraday go short below 1162 for the expected lower levels of
1151-1135 & keep stop loss of 1185.
Overall trend is sideways. It just bounced from the level we mentioned to go short. Though anyone
shorted are stopped out. Intraday look for buying around 1180 levels and the expected bounce to
the levels of 1198-1210 keeping stop loss at 1170.
RELIANCE INDUSTRIES – 923.05
Overall trend is positive. We are not suggesting shorts but expecting the lower levels of 911-900-895
to come in few days.
Overall trend is positive. Intraday buying is advisable only on cross of 933. Look for buying if the
stock comes to 902- level.
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Shah Advisory – Daily Morning Newsletter
TATA MOTORS – 313.05
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.
Overall trend is negative. We may see further fall in the stock in coming days below 309.60 levels.
TATA STEEL – 407.55
Overall trend is negative & expecting the levels of 403-393 to attain in coming weeks.
Overall trend is negative. Our mentioned level of 403 attained in the trade. Short term traders may
look for buying the stock around 393 levels.
SBI – 2480.40
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.
Overall trend is sideways. Look for going long on the stock around 2442-2445 levels keeping stop
loss of 2420 for the expected higher levels of 2490-2520.
USDINR – SPOT – 53.65
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.
Overall trend is negative. As we mentioned to go short below 53.60, hold positions for the
mentioned levels of 53.40-53.10 keeping stop loss of 53.86.
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Shah Advisory – Daily Morning Newsletter
Stocks with Positive Breakout
Stock Name Buying Range
TATA Power 111
Stocks with Negative Breakout
Stock Name Selling Range
Allahabad Bank 172.80-172.95
HCL Tech. 662.50-663
Canara Bank 488-488.50
TATA Motors 309.50-309.80
NOTE –
Red colour – Last View / update on the scrip
Green colour – Current View / update on the scrip
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