1. SHAH ADVISORY
Daily Morning
Newsletter
08-04-2013
Vivek A. Shah
2013
WWW.SHAHADVISORY.COM

2. Monday, 8th April 2013  - www.shahadvisory.com
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Shah Advisory – Daily Morning Newsletter
BSE Sensex – 18450.23
TREND / PERIOD DAILY WEEKLY MONTHLY
DIRECTION DOWN DOWN UP
Trend Change Level 18725 19250 17670
(Closing Basis)
Overall trend is down. As we advised, below 18700 we are just near to the initial target of 18400,
made a low around 18475. We can see the lower levels of 18000-17700 in coming days to week.
Overall trend is down. We advised that below 18700, index will go to 18400 initially and the same
target attained. Now the next target will be 17900-18000. Also there could be some bounce in the
index but the same will be the opportunity to go short around 18650-18700, if comes.
S&P 500(USA) – 1553.69
Overall trend is positive. We may see some downside till 1530 level. We advised to go short around
1570 with closing stop at 1583. Now look for the levels of 1535-1530 to book full profit.
Overall trend is positive. As we advised to go short around 1570 for the target around 1535-1530
and it made a low around 1539, almost neat to the target. Also it is advisable that we may see good
support around 1530 on closing basis. If sustains below 1530 on weekly basis than only the trend will
change to down.
AXIS BANK – 1229.55
Overall trend is down. We can see the lower levels of 1230-1225 as mentioned. It has already
touched the level of 1240. Also if sustains below 1200 than it can slide further till 1152. Trail stop
loss to 1280 for the position.
Overall trend is down. It has attained our target of 1230-1225. Now if it closes below 1225 for two
consecutive days than we can see the levels of around 1150-1160 in coming days to weeks.
ICICI BANK – 998.15
Overall trend is down. We advised to go short below 1019 for the levels of 1002 and the same is
already attained. Now if still holding the short position than keep stop at 1028 & look for the levels
of 980 to come in near future as we mentioned few days back.
Overall trend is down. It has made a low around 985 and we advised the level of 980. We can see the
same in coming days. Hold short positions with stop loss at 1014.
RELIANCE INDUSTRIES – 780.10
Overall trend is down. Hold short position with stop at 775 and look for the levels of 760-755 to book
profit.
Overall trend is down. Stop loss triggered so exited from the position. Not advising any trade now
but the 785-790 remains the strong resistance zone.
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Shah Advisory – Daily Morning Newsletter
TATA MOTORS – 255.20
Overall trend is down. As mentioned, it has support around current levels of 256 & if sustains below
it than we can see the levels of 240 in coming days.
Overall trend is down. We may see the levels of 240 in coming days.
TATA STEEL – 309.20
Overall trend is down. We advised short below 312 & made a low around 303. Trail stop at 312 &
look for booking 50% profit around 301 levels or even at current levels.
Overall trend is down. We may see some bounce in the stock but the levels of 314-315 will act as
strong resistance zone.
SBI – 2056.70
Overall trend is down. We advised to short below 2090 & it attained the level of 2070. Anyone still
holding shorts can keep stop at 2100 & look for the levels of 2035-2040 to book full profits.
Overall trend is down. We mentioned the support around 2035-2040 & it touched 2042. No fresh
trades are recommended at this level. If sustain below 2030 than it will go to 1975 very fast.
USDINR – SPOT – 54.81
Overall trend is turning positive. It has come out if the trading range & now further higher levels can
be expected.
Overall trend is slightly positive. Once it trades above 54.91, it will try to touch 55.15-55.20.
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Shah Advisory – Daily Morning Newsletter
Stocks with Positive Breakout
Stock Name Buying Range
OIL 540
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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