1. SHAH ADVISORY
Daily Morning
Newsletter
02-11-2012
Vivek A. Shah
2012
WWW.SHAHADVISORY.COM

2. Friday, 02 November 2012  - www.shahadvisory.com
Shah Advisory – Daily Morning Newsletter
BSE Sensex – 18561.70
TREND / PERIOD DAILY WEEKLY MONTHLY
DIRECTION Down UP UP
Trend Change Level 18765 18190 17740
(Closing Basis)
On Thursday, market has tried to bounce back from the lows of the day. Still the trend is down but,
we may have some more bounce if we cross the level of 18590-18600 up to the level of 18765. Any
fall below 18390 will invite further downfall in to the market to the level of 18165 & than 17750.
Fresh buying is advisable only on close above 18765.
S&P 500(USA) – 1412.20
As we have mentioned, S&P 500 is finding support around the level of 1400. We may get bounce to
the level of 1433-1443 in coming days. On closing below 1400, level of 1388-1370 is expected.
AXIS BANK – 1207.15
For the short position, stop loss of 1192 hit, so exit from the short position. Short term traders
should wait for the level of 1212 to sustain on closing basis. Intraday traders can enter in to the long
position at the level of 1192-1193. Keep stop loss of 1184 for the position. Levels of 1218-1225-1232
are expected to attain.
ICICI BANK – 1057.35
Overall trend is sideways as the stock is trading in the range of 1100-1030. For short term traders to
enter in to the long position, closing above 1068 is needed. Those having short position can hold
their positions for the lower levels of 1032-1018. Keep stop loss of 1074 for the short positions.
Intraday, buying is advisable only if stock crosses the level of 1074.
RELIANCE INDUSTRIES – 807.10
As mentioned, RIL made a low of 788.70. So it has given a chance to intraday traders to book profit
around mentioned level of 791-792. After making a low of 788.70, it bounced back sharply to touch
the high of 808.80. Intraday buying is advisable on dip to 801-802.50 or one can look for buying once
it crosses the level of 814 for the expected levels of 819-826-838. Any long position needs to be
maintained with the stop loss of 792.
TATA MOTORS – 267.45
AS mentioned to buy above 257, target of 265 attained on intraday basis. Those still has long
position, need to keep stop loss of 262. Short term traders can take long position on cross above
270.50 for the positional target of 289-292 & above.
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3. Friday, 02 November 2012  - www.shahadvisory.com
Shah Advisory – Daily Morning Newsletter
TATA STEEL – 397.45
Overall trend is slightly bearish but any close above 401 will find some positive momentum to the
stock. Those holding short position can keep stop loss of 403. Intraday traders can buy above 400.50
for the small bounce to the level of 406 keeping stop loss of 395.
Stocks with positive breakout
Stock Name Buying Range
Adani Ent. 227-228
Ipca Lab 472-473
Sun Pharma 704.50-705.50
TATA Motors 270.50-271
JSW Steel 772-774
Siemens 699-700.50
Stocks with Negative breakout
Stock Name Selling Range
HDFC Bank 626-627
HUL 529-530 with Stop loss 542
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