2. Wednesday, 08th May 2013 - www.shahadvisory.com
Follow us on Twitter - @equityadvisory
Shah Advisory – Daily Morning Newsletter
+91 84600 32788 support@shahadvisory.com
Save Trees. Do not Print. Read Disclaimer on our website
2
BSE Sensex – 19673.64
TREND / PERIOD DAILY WEEKLY MONTHLY
DIRECTION UP UP UP
Trend Change Level
(Closing Basis)
18950 19100 17670
Overall trend is positive. We are expecting market to trade in the range of 19500-19900. Though we
are not advising to initiate fresh long positions here but will initiate only on cross above 20000.
Overall trend is positive. It has come to the higher range of the trading range. Overall strength is
there in the market but we will initiate fresh long only above 20000 levels.
S&P 500(USA) – 1617.50
Overall trend is positive. It has closed above 1600 levels and now we are advising to initiate fresh
long positions above 1620 level. Till it is trading above 1500 levels, we are expecting this move to
continue till 1713-1775 levels.
Overall trend is positive. Initiate long positions above 1620 levels.
AXIS BANK – 1503.95
Overall trend is positive. Hold short positions with stop loss of 1490. Look for the expected lower
levels of 1437-1415 in coming days.
Overall trend is positive. Trailed stop loss for the position hit so exited from the position. If sustains
above 1515 than buy for short term.
ICICI BANK – 1163.95
Overall trend is positive. Hold short positions with stop at 1160 on closing basis. Also as advised, look
for the levels of 1155-1158 to initiate or add to the short positions.
Overall trend is positive. Trailed stop loss hit for the position so exited from the position. Buy if it
sustains above 1171.
RELIANCE INDUSTRIES – 828.15
Overall trend is positive. Our recommended target of 823 attained, so booked part profits as
advised. Now look for the levels of 835 to book full profits & trail stop to 803.
Overall trend is positive. Our final target of 835 attained so booked full profit & closed the trade.
TATA MOTORS – 298.40
Overall trend is positive. Those holding short positions need to keep stop at 297 for the positions.
Overall trend is positive. We have attained our 1st
target around 286 levels and for remaining
positions, our stop loss triggered at 297.
3. Wednesday, 08th May 2013 - www.shahadvisory.com
Follow us on Twitter - @equityadvisory
Shah Advisory – Daily Morning Newsletter
+91 84600 32788 support@shahadvisory.com
Save Trees. Do not Print. Read Disclaimer on our website
3
TATA STEEL – 324.70
Overall trend has turned positive. We also advised to initiate long positions above 316 and made a
high around 323. Trail stop loss to 314 and look for the levels of 328-329 to book full profits.
Overall trend is positive. Trail stops to 320 for the position and look for the levels of 329 to book
profit.
SBI – 2256.80
Overall trend is positive. We advised lower levels of 2175 and it made a low around 2183. Trail stop
loss to 2255 for the remaining positions.
Overall trend is positive. Our trailed stop loss hit so exited from the positions. We have already
attained out initial target around 2175 levels. If it falls below 2235, short with stop at 2265.
USDINR – SPOT – 53.1450
Overall trend is sideways. We advised to buy above 54 levels and it attained the mentioned target of
54.13-54.25. Those holding long positions need to trail stop to 54.08 and look for the levels of 54.40
to book full profits.
Overall trend is sideways to positive. Our final target of 54.40 just falls short by 5 paisa. It has made a
high around 54.35 and turned back. Anyone holding long positions need to keep stop at 54.04 and
hold positions.
4. Wednesday, 08th May 2013 - www.shahadvisory.com
Follow us on Twitter - @equityadvisory
Shah Advisory – Daily Morning Newsletter
+91 84600 32788 support@shahadvisory.com
Save Trees. Do not Print. Read Disclaimer on our website
4
Stocks with Positive Breakout
Stock Name Buying Range
Yes Bank 512
Jindal Steel 340
Grasim 3030
IRB 123
Stocks with Negative Breakout
Stock Name Selling Range
Allahabad Bank 1442
Weekly Support & Resistance levels
Scrip Close S3 S2 S1
Trend
Down
Trend
Up
R1 R2 R3
SENSEX 19575.64 19090 19280 19393 19470 19600 19685 19800 19985 20105
Nifty Spot 5943.45 5810 5868 5900 5924 5961 5990 6020 6077 6115
Axis Bank 1474.80 1388 1415 1431 1455 1473 1501 1513 1530 1555
ICICI Bank 1129.95 1082 1098 1107 1120 1146 1156 1162 1187 1211
Reliance Ind. 800.50 753 762 768 785 801 807 815 830 839
TATA Motors 285.60 269 275 278 284 291 295 301 307 311
TATA Steel 311.20 292 298 301 304 310 316 320 324 331
SBI 2213.80 2086 2132 2160 2200 2252 2281 2300 2326 2373
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-
