1. SHAH ADVISORY
Daily Morning
Newsletter
26-11-2012
Vivek A. Shah
2012
WWW.SHAHADVISORY.COM

2. Monday, 26 November 2012  - www.shahadvisory.com
Shah Advisory – Daily Morning Newsletter
BSE Sensex – 18506.57
TREND / PERIOD DAILY WEEKLY MONTHLY
DIRECTION DOWN DOWN UP
Trend Change Level 18615 18700 17440
(Closing Basis)
Overall trend looks weak. We may get a bounce up to the level of 18615 but looks difficult to cross
the level on closing basis.
S&P 500(USA) – 1409.15
S&P 500 is likely to touch the level of 1422-1423 on the upsides. It may find there good resistance &
will again turn down.
AXIS BANK – 1256.75
Overall trend is positive. Keep stop loss of 1235 for any long positions on closing basis. Intraday one
may look for entering long positions above 1255-1257 for the expected levels of up to 1280.
ICICI BANK – 1025.10
Overall trend is weak but looks like is making temporary base around the levels of 1020. Positional
traders should avoid taking long positions till it crosses the level of 1059. Intraday bounce up to
1034-1038 is possible but it should used to go short keeping stop loss of 1062.
RELIANCE INDUSTRIES – 773.75
Overall all stock is making a short term base around the level of 760-761. Intraday buying is
advisable at current level for the expected levels of 782-789-798. Positional traders should avoid
buying the stock at current levels. Any close below 760 will open further downside in the stock to
the level of 740-733.
TATA MOTORS – 260.50
Overall trend is negative to sideways. Intraday to short term buying is advisable above 262 for the
level of 265-269. Positional traders should wait for some time to get trend clear.
TATA STEEL – 364.85
Overall stock is in the negative trend. Intraday & short term traders can look for buying at current
levels for the expected levels of 367-369-372.
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3. Monday, 26 November 2012  - www.shahadvisory.com
Shah Advisory – Daily Morning Newsletter
Stocks with Positive Breakout
Stock Name Buying Range
Ashok Leylend 27.15-27.20
Tata Power 103-103.20
Crompton Greaves 116-116.20
Stocks with Negative Breakout
Stock Name Selling Range
Century Textile 379-379.50
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