1. SHAH ADVISORY
Daily Morning
Newsletter
27-12-2012
Vivek A. Shah
2012
WWW.SHAHADVISORY.COM

2. Thursday, 27 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) – 1426.70
Our stop loss of 1426 triggered. Overall support around 1426 level, if sustains above it on closing
basis than expect bounce.
AXIS BANK – 1351.95
Hold long position keeping stop loss of 1336 on closing basis & look for the higher levels of 1367-
1372 to book profit.
ICICI BANK – 1121.50
Overall trend on weekly chart is positive. In short term we are trading in a range of 1110-1160. Now
expect the level of 1160 to attain. We need close above either of levels to initiate fresh short term
trade.
RELIANCE INDUSTRIES – 828.25
Overall trend is sideways. Our trailed stop loss triggered. Intraday any move above 837 will take it to
the levels of 843-845. Positional traders may look for fresh long position only on close above 836.
TATA MOTORS – 306.10
As overall trend is positive we are not suggesting going short but we may see the levels of 302 in the
stock & that has to be used to go long in the stock.
TATA STEEL – 429.90
Overall trend is bullish. Positional traders look for entry in to the stock around 421 levels.
SBI – 2370.85
Intraday long positions need to be kept with stop loss of 2355 & look for the levels of 2390-2398 to
book profit.
USDINR – SPOT – 54.8450
Overall trend is positive. Intraday to short term weakness is possible. Any fall below 54.79 will take it
to 54.66 levels. Any rise to 54.95 to be used to go short keeping stop loss of 55.01. Once we
sustained above 55.01 than we may see the resume of short term uptrend.
 +91 84600 32788  support@shahadvisory.com
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3. Thursday, 27 December 2012  - www.shahadvisory.com
Follow us on Twitter - @equityadvisory
Shah Advisory – Daily Morning Newsletter
Stocks with Positive Breakout
Stock Name Buying Range
Century text. 423.50-424
Sun Pharma 761-761.50
Bhushan Steel 465.50-466
Stocks with Negative Breakout
Stock Name Selling Range
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 +91 84600 32788  support@shahadvisory.com
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