1. SHAH ADVISORY
Daily Morning
Newsletter
17-12-2012
Vivek A. Shah
2012
WWW.SHAHADVISORY.COM

2. Monday, 17 December 2012  - www.shahadvisory.com
Shah Advisory – Daily Morning Newsletter
BSE Sensex – 19317.25
TREND / PERIOD DAILY WEEKLY MONTHLY
DIRECTION DOWN UP UP
Trend Change Level 19400 18900 18120
(Closing Basis)
It looks like we are getting some profit booking in the market. Till the level of 18900 is not broken,
positional players should hold their long positions in the market. Intraday buying is advisable on the
cross of 19370 levels. Alternatively any fall to the level of 19100-19050 to be used to enter long
position in the market keeping stop loss of 18900.
S&P 500(USA) – 1419.40
We mentioned to look for shorting around 1426-1430 zone. It made a high of 1438.60 & turned
down from there. Now any close below 1418 will take it further down to 1391 levels.
AXIS BANK – 1352.70
Trend is slightly positive. Buying is not recommended around this level; rather it is advisable to find
shorting opportunity below 1336. We may see the levels of 1370-1375 on higher side. If it sustains
above it, we may see rally in to the stock.
ICICI BANK – 1136.05
As mentioned, 1150 looks to be short tern top for the stock. Till the level of 1150 is not crossed,
buying should be avoided for positional traders. Intraday traders can buy around this level for the
expected higher levels of 1150 & above.
RELIANCE INDUSTRIES – 839.25
Overall trend is positive. Intraday buy above 842 for the expected higher levels of 858 & keep stop
loss of 831.
TATA MOTORS – 292.10
Overall trend is positive. Intraday to short term traders holding long positions can keep stop loss of
287.50 & look for the upper levels of 298 to book profit. Now positional traders can also look for
entry in to the stock above 295.50 for the expected levels of 334.
TATA STEEL – 400.05
Overall trend has turned bullish but long positions need not be initiated at this level. Close above
402 will be the level to look for positional entry in to the stock.
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3. Monday, 17 December 2012  - www.shahadvisory.com
Shah Advisory – Daily Morning Newsletter
Stocks with Positive Breakout
Stock Name Buying Range
Axis Bank 1358-1359
ICICI Bank 1140-1141
NCC 52
Oriental Bank 355-355.50
SESA Goa 190
Stocks with Negative Breakout
Stock Name Selling Range
JP Associate 100.60-101
Aurbindo Pharma 181.50-182
 +91 84600 32788  support@shahadvisory.com
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