1. SHAH ADVISORY
Daily Morning
Newsletter
08-11-2012
Vivek A. Shah
2012
WWW.SHAHADVISORY.COM

2. Thursday, 08 November 2012  - www.shahadvisory.com
Shah Advisory – Daily Morning Newsletter
BSE Sensex – 18902.40
TREND / PERIOD DAILY WEEKLY MONTHLY
DIRECTION UP UP UP
Trend Change Level 18765 18190 17740
(Closing Basis)
Market moved up smartly and made a high of 18973 before finally closing at 18902.40. Short term
traders now need to keep stop loss of 18765 to hold long positions for the possible upper levels of
19100-19650.
S&P 500(USA) – 1428.40
Index is trading in a range of 1400-1440. Major movement will be on the either side of breakout.
Wait for the clear indication for positional trade.
AXIS BANK – 1232.05
Short term traders got the chance to book profit around the level of 1245 as the stock made a high
of 1243.70. Those holding long position need to keep stop loss of 1220. Positional traders also got
chance to enter long position above 1226. Keep stop loss of 1205 for the position and look for the
possible levels of 1245-1261 to book profit.
ICICI BANK – 1092.95
Our target of 1100 attained in ICICI Bank. Any Short term trader still holding position, can keep stop
loss of 1082. Positional traders, who have not booked profit at 1100 level, need to keep stop loss of
1067 & look for the possible levels of 1100-1135 to book profit.
RELIANCE INDUSTRIES – 800.85
Short term traders having buy position can keep the stop loss of 794 & look for the possible levels of
819-826. Positional traders should avoid taking any fresh entry till the stock crosses the level of 819.
Alternatively, if price comes to the level of 784-785, positional traders can look for entry in to the
stock.
TATA MOTORS – 269.35
Short term traders can look for going short in to the stock below 267 for the possible levels of
266.50-265-262. Positional traders can keep stop loss of 259 for their position & look for the upper
levels of 289-292 to book profit.
 +91 84600 32788  support@shahadvisory.com
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3. Thursday, 08 November 2012  - www.shahadvisory.com
Shah Advisory – Daily Morning Newsletter
TATA STEEL – 401.95
Intraday one can go short below 401 for the possible level of 397-393. Close above 405 will turn
trend positive for short term.
Stocks with Positive Breakout
Stock Name Buying Range
Bank of Baroda 786-787
Canara Bank 438-438.50
IB Real Estate 63.60-64
MAX India 245.20-245.80
Pantaloon retail 204.20-204.60
Punj Lloyds 54.20-54.30
SBI 2231-2232
West Coast Paper 96.20-96.50
BHEL 238.10-238.50
PFC 194-194.40
Stocks with Negative Breakout
Stock Name Selling Range
GSPL 73.80-73.90
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