1. SHAH ADVISORY
Daily Morning
Newsletter
24-12-2012
Vivek A. Shah
2012
WWW.SHAHADVISORY.COM

2. Monday, 24 December 2012  - www.shahadvisory.com
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Shah Advisory – Daily Morning Newsletter
BSE Sensex – 19476
TREND / PERIOD DAILY WEEKLY MONTHLY
DIRECTION Sideways UP UP
Trend Change Level 19100-19500 18900 18120
(Closing Basis)
Overall trend is sideways. We are recommending holding long position in the market as overall trend
on weekly & monthly basis is up. In a short term we are expecting the levels of 19600 to come & on
the downside levels of 19100-19050 to be kept in mind.
S&P 500(USA) – 1430.15
Our stop loss of 1426 triggered. Overall support around 1426 level, if sustains above it on closing
basis than expect bounce.
AXIS BANK – 1321.25
Overall trend has turned weak till it closes below 1336. We can expect the levels of 1290 to attain in
coming days.
ICICI BANK – 1123.90
Our stop loss triggered. Any fall below 1115-1116 will take the stock to the levels of 1090-1086 in
coming days.
RELIANCE INDUSTRIES – 825.25
Overall trend is sideways. We advised to go short below 825, now hold the position & we may see
the levels of around 806-810 in coming days keeping stop loss at 830 on closing basis.
TATA MOTORS – 299.40
Overall trend is positive. We advised to go short below 303 & it attained our 1st target of 298. Hold
position for the lower levels of 294-291 keeping stop loss at 303.50.
TATA STEEL – 430.70
Overall trend is bullish. Our trailed stop loss triggered. Intraday to short term traders can look for the
levels of 416-417 to take entry in to the stock for long side.
SBI – 2334.45
Intraday buying position stopped out. We may find support in the stock around 2305 levels.
USDINR – SPOT – 55.08
Overall trend is positive. Intraday it may come to the levels of around 54.90 & on upside 55.20 looks
resistance.
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3. Monday, 24 December 2012  - www.shahadvisory.com
Follow us on Twitter - @equityadvisory
Shah Advisory – Daily Morning Newsletter
Stocks with Positive Breakout
Stock Name Buying Range
TCS 1266-1267
Concor 945-946
Stocks with Negative Breakout
Stock Name Selling Range
ICICI BANK 1115-1116
IDFC 167.20-167.50
IOB 83.50-83.80
M&M 932.50-933.50
MCDOWELL 1885-1895
RELIANCE CAPITAL 459.80-460.50
RIL 821-821.50
REL INFRA 509.50-510.50
Century Textiles 404.50-405.40
 +91 84600 32788  support@shahadvisory.com
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