Daily Newsletter - 31 01-2013

SHAH ADVISORY

Daily Morning
Newsletter
31-01-2013
Vivek A. Shah

2013

WWW.SHAHADVISORY.COM

Thursday, 31st January 2013  - www.shahadvisory.com
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Shah Advisory – Daily Morning Newsletter
BSE Sensex – 20005

TREND / PERIOD DAILY WEEKLY MONTHLY
DIRECTION Sideways – Down UP UP
Trend Change Level 19990 19650 17900
(Closing Basis)

Overall trend is positive but for intraday to next 2-3 days we may see some fall in the market till the
levels of 19720. Medium term traders need to keep stop loss of 19650 for their positions.

Overall trend is positive but as we are suggesting, we may see fall of around 200-250 points on the
index up to the levels of around 19700-19780.

S&P 500(USA) – 1507.84

Overall trend is positive. Our target is already attained in the index. Now we may see some
consolidation in the index for next few days & expect it to trade in the range of 1500-1480.

Overall trend is positive. Index has crossed & closed above 1500 level. Now till it sustains above 1504
level, we can expect next higher levels of around 1532 in few weeks.

AXIS BANK – 1501.25

Overall trend is positive. We advised to initiate long above 1430. Those who bought got very strong
intraday move of around 4%. Those who are still holding the positions need to keep stop loss of 1428
& we may see the levels of around 1600 in the coming weeks.

Overall trend is positive. Those holding long position need to trail stop loss to 1440 levels & look for
the higher levels of 1603-1610 in coming weeks.

ICICI BANK – 1212.70

Overall trend is positive. We advised to buy above 1198 & it made a high of 1228 giving nearly 2.5%
move intraday. Anyone still holding the position can keep stop loss of 1192 & look for the higher
levels of 1228-1235 to book full profits.

Overall trend is positive. Those holding longs positions need to book profits around 1228-1235 levels
keeping stop loss of 1192.

RELIANCE INDUSTRIES – 899.40

Overall trend has turned negative. Medium term traders who bought reliance around 892-896 range
can keep the positions. Intraday to short term traders need to keep stop loss of 877 below which we
may see fall to the levels of around 845-850.

Overall trend is positive but short term weakness can be witnessed in the stock. Medium term
traders need to hold the position. Short term traders need to keep stop loss of 877 & look for the
higher levels of 917 to book full profits.

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TATA MOTORS – 299.20

Overall trend is weak. We got 1% move in intraday trade on both sell side as well as buy side. Now
any open long positions need to be closed as we mention stop loss at 308. Any open short positions
need to be maintained with the stop loss of 310 & look for the lower levels of 299-295-289 to book
full profit. Book half of the position around 295 levels.

Overall trend is negative. Hold on to shorts keeping stop loss of 307. Our target 1 of 299 already
attained. Look for the levels of 295-289 to book profit as advised.

TATA STEEL – 406.25

Overall trend is negative. We advised to buy above 411 & it returned from 411.40. Anyone holding
long positions need to close it if goes below 393. As we are advising, we may see the levels of 393-
394 in coming days. Any sustenance below 398 levels on closing basis will threaten the uptrend of
the stock.

Overall trend is negative. 399 remain to be the support for the stock. Any sustenance on closing
basis below 399 will turn trend down for medium term.

SBI – 2436.10

Overall trend has turned sideways to negative. It looks that we may see the levels of 2440-2423 in
the stock where short term buying can be initiated.

Overall trend is sideways to negative. Our mentioned levels of 2440 attained. Those who have
initiated longs around that level need to keep stop loss of 2420 & look for the higher levels of 2480
to book full profits.

USDINR – SPOT – 53.3050

Overall trend is negative. Our given stop loss triggered in long call. Intraday buying can be initiated
above 53.89 for the targets of 54.04-54.10.

Overall trend is negative. We may see the lower levels in coming days.

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Stocks with Positive Breakout
Stock Name Buying Range
Biocon 285
Stride Arcolab 1117-1118
Indusind Bank 437.20-437.50
Mcleod Russel 360.60-361

Stocks with Negative Breakout
Stock Name Selling Range
SBIN 2420
TATA Coffee 1503-1506
ICICI Bank 1204 (Intraday)

NOTE –
Red colour – Last View / update on the scrip
Green colour – Current View / update on the scrip

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Daily Newsletter - 31 01-2013

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