Daily Newsletter - 13-05-2013

SHAH ADVISORY
2013
Daily Morning
Newsletter
13-05-2013
Vivek A. Shah
W W W . S H A H A D V I S O R Y . C O M

Monday, 13th May 2013  - www.shahadvisory.com
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BSE Sensex – 20122.32
TREND / PERIOD DAILY WEEKLY MONTHLY
DIRECTION UP UP UP
Trend Change Level
(Closing Basis)
19100 19100 17670
Overall trend is positive. As we have mentioned, we are expecting some correction in the market
before going up further. We are expecting it to start may be by tomorrow.
Overall trend is positive. It looks from the chart that positive momentum has started coming down
but still not any signal for the rising negativity in the market. Some indicators are suggesting that this
last up move is not healthy though it is looking strong.
S&P 500(USA) – 1633.70
Overall trend is positive. Hold long positions with stop at 1605 on closing basis.
Overall trend is positive. Hold long positions with stop loss of 1608 on closing basis.
AXIS BANK – 1472.45
Overall trend is positive. As we have suggested, if not sustain at 1500 levels, we may see the levels of
1470-1450. It has attained both the levels. Now we are expecting it to touch the levels of 1405-1400
in coming days.
Overall trend is positive. Till it does not close above 1486, we are expecting it’s momentum to stay
weak for very short term. We are expecting the levels of 1405-1400 in coming days. It has already
attained our initial mentioned levels of 1450.
ICICI BANK – 1167.95
Overall trend is positive. We are expecting it to touch 1130 levels. Keep stop at 1160 if holding any
short positions.
Overall trend is positive. We are expecting levels of 1130 in coming days. Long positions advised only
on close above 1190.
RELIANCE INDUSTRIES – 814.10
Overall trend is positive. It has strong support around 807 levels. If sustains below 800 than go short.
If want to take risk than go short below 812 with stop at 825.
Overall trend is positive. Those who have initiated short positions below 812 needs to keep stop at
825. Those who have not initiated expecting to short below 800, can initiate if sustains below 800.
TATA MOTORS – 307.55
Overall trend is positive. Go short below 293 with stop at 301 and buy if crosses above 307 with stop
at 302.
Overall trend is positive. Those who have initiated longs above 307 can look for the levels of 311-315
to book profit keeping stop at 302.

3
TATA STEEL – 318.70
Overall trend is positive. 309 is the strong support. If closes below 309, than again trend may turn
down.
Overall trend is positive. Stay away for some time. Any close below 310 will again turn trend down.
SBI – 2305.70
Overall trend is positive. It has support around 2255. If sustains below 2255 than we may see lower
levels.
Overall trend is positive. 2240 looks good support for the stock. On higher side, if it crosses 2335
than initiate long positions.
USDINR – SPOT – 54.80
Overall trend is sideways to positive. Hold positions with stop at 54.18. Overall we are expecting it to
touch 54.50 in coming days.
Overall trend is sideways to positive. It has attained our all the targets mentioned in the report. Now
it has again come near to the weekly resistance area of 54.90. Once it closes above 54.90, trend will
turn positive. It looks like from the charts that possibly this time it may cross this hurdle of 54.90.
Buying is advisable only on cross above 55.20. Those who are still holding long positions and have
not booked at the recommended levels need to keep stop at 54.55 for the remaining positions.

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Stocks with Positive Breakout
Stock Name Buying Range
- -
Stocks with Negative Breakout
Stock Name Selling Range
- -
Weekly Support & Resistance levels
Scrip Close S3 S2 S1
Trend
Down
Trend
Up
R1 R2 R3
SENSEX 20122.32 19330 19550 19681 19780 19920 20160 20286 20370 20510
Nifty Spot 6107.25 5860 5920 5969 5999 6043 6120 6185 6229 6300
Axis Bank 1472.45 1402 1418 1428 1445 1459 1488 1515 1540 1556
ICICI Bank 1167.95 1068 1083 1109 1134 1150 1176 1201 1216 1242
Reliance Ind. 814.10 768 781 789 802 809 824 835 848 856
TATA Motors 307.55 277 282 288 293 299 311 320 326 337
TATA Steel 318.70 299 304 307 312 315 322 326 332 335
SBI 2305.70 2128 2183 2237 2254 2292 2330 2360 2380 2415
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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Daily Newsletter - 13-05-2013

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Daily Newsletter - 13-05-2013