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BSE Sensex – 20147.64
TREND / PERIOD DAILY WEEKLY MONTHLY
DIRECTION UP UP UP
Trend Change Level
(Closing Basis)
20000 19250 17670
Overall trend is positive. If it crosses above 20250, some more momentum can be expected till
20400. On the downside, it has support at 19800.
S&P 500(USA) – 1660.06
Overall trend is positive. If it stays below 1660, than we may see lower levels of 1620 in coming days.
If it crosses above 1674, look for buying.
AXIS BANK – 1459.60
Overall trend has turned down. On the cross below 1434, we may see lower levels of 1374 in coming
days. On the higher side, it has resistance at 1505.
ICICI BANK – 1214.90
Overall trend is positive. If it sustains below 1200, we may see lower levels of 1180 and below. On
the higher side, if sustains above 1222, go long.
RELIANCE INDUSTRIES – 847.90
Overall trend is positive. If sustains below 837, go short. Alternatively, it sustains above 847, we may
see higher levels of 860-866.
TATA MOTORS – 303.80
Overall trend is positive. Look for buying on cross above 306 for higher levels of 312-315 keeping
stop at 300.
TATA STEEL – 314.55
If it sustains below 312, go short for lower levels of 306-302 keeping stop at 318. If sustains above
318, we may see levels of 322-325-329.
SBI – 2106.30
Overall trend is down. We may see lower levels of 2050-2010 in coming days.
USDINR – SPOT – 56.1650
Overall trend is positive. Support around 55.40 areas. If sustain below it than some lower levels are
expected.
3. Thursday, 30th May 2013 - www.shahadvisory.com
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Shah Advisory – Daily Morning Newsletter
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Stocks with Positive Breakout
Stock Name Buying Range
- -
Stocks with Negative Breakout
Stock Name Selling Range
- -
NOTE –
Red colour – Last View / update on the scrip
Green colour – Current View / update on the scrip
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