1. SHAH ADVISORY
Daily Morning
Newsletter
08-01-2013
Vivek A. Shah
2013
WWW.SHAHADVISORY.COM

2. Tuesday, 08th January 2013  - www.shahadvisory.com
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Shah Advisory – Daily Morning Newsletter
BSE Sensex – 19691.42
TREND / PERIOD DAILY WEEKLY MONTHLY
DIRECTION UP UP UP
Trend Change Level 19500 19000 17900
(Closing Basis)
Overall trend is positive. We have almost attained with the mentioned level of 19800. Now if we
sustains here above this level on closing basis than in coming weeks we may see the levels of around
20500 on the index.
Overall trend is positive. As mentioned, level of 19800 will face resistance for the market. After a
sharp rally, this can be considered as a profit booking. Till we sustain above 19500 on closing basis,
again we may see the rally from the lower levels of around 19580-19600.
S&P 500(USA) – 1466.47
It is advised to book profit around this level. Fresh entry will be informed.
Overall trend is positive but the strength to the rally will come again after crossing 1478-1480 zones.
Buy around 1460-1461 or on cross of 1478.
AXIS BANK – 1372.85
Overall trend is positive. Our buying stop loss triggered so exited the position. Use any fall to 1363 as
a buying opportunity.
Overall trend is positive. We advised to look for buying in dip to 1363. Those who entered long
around lower levels can keep stop loss of 1959 & look for the higher levels around 1376-1381-1385
to book full profit.
ICICI BANK – 1182.15
Overall trend is positive. Our target on buy side of 1185 attained almost as it made a high of
1184.90. Anyone still holding long position can trail stop loss to 1175 & look for the levels of 1189-
1190 to book full profit.
Overall trend is positive. Fresh entry on short side can be initiated for intraday purpose if we sustain
below 1175 for the expected lower levels of 1167-1160 keeping stop loss of 1191.
RELIANCE INDUSTRIES – 856.60
Overall trend is positive. Keep stop loss at 852 & look for the higher levels of around 869-874 to
book full profit.
Overall trend is positive. Those who have not booked profit & trailed the position are stopped out
today. We may see the lower levels of around 840 in the coming days & short term traders can
initiate long around that levels.
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Shah Advisory – Daily Morning Newsletter
TATA MOTORS – 313.25
Overall trend is positive. Our trailing stop of 316 triggered. Below 316 also it went down to almost
tough level of 313 as made a low of 313.20. Go long above 318 & higher levels of around 321-324
are expected.
Overall trend is positive but some downside can be expected for coming few days. Any fall to the
levels of 295-298 to be used as buying opportunity in the stock.
TATA STEEL – 440.90
Overall trend is positive. Intraday to short term traders can initiate long positions above 439 levels &
higher levels of 443-446 can be expected.
Overall trend is positive. We advised to go long above 439 & all the mentioned levels of 443-446
attained in the trade, so booked profit. Fresh long can be initiated above 449 & fresh shorting can be
done below 429. Avoid trade between these levels.
SBI – 2467.60
Overall trend is positive. Our target of 2490 on long side attained. Those still holding long position
can keep stop loss of 2474 but it is advised to book profit in the range of 2490-2499.
Overall trend is positive. We advised to book profit at 2490-2499 & it made a high of 2499. Fresh
shorts for 1-2 days can be initiated around 2475 levels for the possible lower levels of 2445-2450
keeping stop loss of 2490.
USDINR – SPOT – 55.2250
Overall trend is positive. Our buying level did not attained in the trade. Positional traders can hold
long position. Intraday dip to 54.95 can be used to long for the expected higher levels of 55.05-55.10
keeping stop loss of 54.88.
Overall trend is positive. We advised to go long around 54.95 levels & all the recommended targets
on higher side attained in the trade. Fresh entry will be communicated.
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Shah Advisory – Daily Morning Newsletter
Stocks with Positive Breakout
Stock Name Buying Range
M&M 958.70-959.20
Adani Power 65.55-65.60
Exide Ind. 147.60-147.80
Hind Oil Expl. 109.60-109.80
Stocks with Negative Breakout
Stock Name Selling Range
JP associate 97.85-97.90
TATA Power 107.85-107.90
Union Bank 272.10-272.20
ZEEL 221.60-221.80
Mcdowell 1905-1910
TATA Steel 429-429.40
NOTE –
Red colour – Last View / update on the scrip
Green colour – Current View / update on the scrip
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