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SHAH ADVISORY




                Daily Morning
                   Newsletter
                             26-11-2012
                               Vivek A. Shah




                                               2012




                WWW.SHAHADVISORY.COM
Monday, 26 November 2012                                                    - www.shahadvisory.com

                Shah Advisory – Daily Morning Newsletter
BSE Sensex – 18506.57

  TREND / PERIOD                    DAILY                    WEEKLY                   MONTHLY
     DIRECTION                      DOWN                     DOWN                       UP
 Trend Change Level                 18615                    18700                     17440
   (Closing Basis)


Overall trend looks weak. We may get a bounce up to the level of 18615 but looks difficult to cross
the level on closing basis.



S&P 500(USA) – 1409.15

S&P 500 is likely to touch the level of 1422-1423 on the upsides. It may find there good resistance &
will again turn down.



AXIS BANK – 1256.75

Overall trend is positive. Keep stop loss of 1235 for any long positions on closing basis. Intraday one
may look for entering long positions above 1255-1257 for the expected levels of up to 1280.



ICICI BANK – 1025.10

Overall trend is weak but looks like is making temporary base around the levels of 1020. Positional
traders should avoid taking long positions till it crosses the level of 1059. Intraday bounce up to
1034-1038 is possible but it should used to go short keeping stop loss of 1062.



RELIANCE INDUSTRIES – 773.75

Overall all stock is making a short term base around the level of 760-761. Intraday buying is
advisable at current level for the expected levels of 782-789-798. Positional traders should avoid
buying the stock at current levels. Any close below 760 will open further downside in the stock to
the level of 740-733.



TATA MOTORS – 260.50

Overall trend is negative to sideways. Intraday to short term buying is advisable above 262 for the
level of 265-269. Positional traders should wait for some time to get trend clear.



TATA STEEL – 364.85

Overall stock is in the negative trend. Intraday & short term traders can look for buying at current
levels for the expected levels of 367-369-372.


 +91 84600 32788                                                      support@shahadvisory.com

        Save Trees. Do not Print.                 2                   Read Disclaimer on our website
Monday, 26 November 2012                            - www.shahadvisory.com

               Shah Advisory – Daily Morning Newsletter

                       Stocks with Positive Breakout
                 Stock Name                     Buying Range
                Ashok Leylend                    27.15-27.20
                 Tata Power                      103-103.20
              Crompton Greaves                   116-116.20



                      Stocks with Negative Breakout
                Stock Name                      Selling Range
               Century Textile                   379-379.50




 +91 84600 32788                               support@shahadvisory.com

       Save Trees. Do not Print.    3          Read Disclaimer on our website

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Daily Newsletter - 26 11-2012

  • 1. SHAH ADVISORY Daily Morning Newsletter 26-11-2012 Vivek A. Shah 2012 WWW.SHAHADVISORY.COM
  • 2. Monday, 26 November 2012  - www.shahadvisory.com Shah Advisory – Daily Morning Newsletter BSE Sensex – 18506.57 TREND / PERIOD DAILY WEEKLY MONTHLY DIRECTION DOWN DOWN UP Trend Change Level 18615 18700 17440 (Closing Basis) Overall trend looks weak. We may get a bounce up to the level of 18615 but looks difficult to cross the level on closing basis. S&P 500(USA) – 1409.15 S&P 500 is likely to touch the level of 1422-1423 on the upsides. It may find there good resistance & will again turn down. AXIS BANK – 1256.75 Overall trend is positive. Keep stop loss of 1235 for any long positions on closing basis. Intraday one may look for entering long positions above 1255-1257 for the expected levels of up to 1280. ICICI BANK – 1025.10 Overall trend is weak but looks like is making temporary base around the levels of 1020. Positional traders should avoid taking long positions till it crosses the level of 1059. Intraday bounce up to 1034-1038 is possible but it should used to go short keeping stop loss of 1062. RELIANCE INDUSTRIES – 773.75 Overall all stock is making a short term base around the level of 760-761. Intraday buying is advisable at current level for the expected levels of 782-789-798. Positional traders should avoid buying the stock at current levels. Any close below 760 will open further downside in the stock to the level of 740-733. TATA MOTORS – 260.50 Overall trend is negative to sideways. Intraday to short term buying is advisable above 262 for the level of 265-269. Positional traders should wait for some time to get trend clear. TATA STEEL – 364.85 Overall stock is in the negative trend. Intraday & short term traders can look for buying at current levels for the expected levels of 367-369-372.  +91 84600 32788  support@shahadvisory.com Save Trees. Do not Print. 2 Read Disclaimer on our website
  • 3. Monday, 26 November 2012  - www.shahadvisory.com Shah Advisory – Daily Morning Newsletter Stocks with Positive Breakout Stock Name Buying Range Ashok Leylend 27.15-27.20 Tata Power 103-103.20 Crompton Greaves 116-116.20 Stocks with Negative Breakout Stock Name Selling Range Century Textile 379-379.50  +91 84600 32788  support@shahadvisory.com Save Trees. Do not Print. 3 Read Disclaimer on our website