1. SHAH ADVISORY
Daily Morning
Newsletter
31-12-2012
Vivek A. Shah
2012
WWW.SHAHADVISORY.COM

2. Monday, 31 December 2012  - www.shahadvisory.com
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Shah Advisory – Daily Morning Newsletter
BSE Sensex – 19444.84
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) – 1402.43
As mentioned, 1426 on closing basis is important support. We can see below 1426 close, currently
fall down to 1402 levels. We may see some pause over here at 1400 level. Also market is eagerly
waiting for solution on Fiscal Cliff front. It is going to be the trend decider for coming months. Keep
watch on 1394-1385 zones on closing basis. Any close below it will take the indices lower in coming
weeks to even 1340-1250 levels else expect bounce.
AXIS BANK – 1359.55
We advised to book profit in long positions around 1367-1372 levels which attained. It is advised to
look for shorting opportunity around 1360 levels & below 1350 keeping stop loss of 1374 & look for
the lower levels of 1340 & below to come in coming days.
ICICI BANK – 1141.55
Overall trend on weekly chart is positive. Intraday to short term traders go short below 1128 for the
lower levels of 1115 & below keeping stop loss of 1147.
RELIANCE INDUSTRIES – 840.25
Overall trend is sideways. Now it has closed above 836 levels & near to its upper trading range of
850. Once it starts trading above 850, enter the long position.
TATA MOTORS – 310.05
Overall trend is positive. We may see the levels of 307-302 in coming days. Short term traders can go
long around 303 levels for short term bounce from there. Positional traders may see the level of 334
in coming weeks.
TATA STEEL – 428.55
Overall trend is bullish. Positional traders look for entry in to the stock around 419 levels.
SBI – 2379.50
It almost attained our target of 2398. Now it looks like it will find resistance around 2408 – 2410
levels. Intraday trading should be avoided. Positional trade will be communicated later.
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3. Monday, 31 December 2012  - www.shahadvisory.com
Follow us on Twitter - @equityadvisory
Shah Advisory – Daily Morning Newsletter
USDINR – SPOT – 54.7750
Overall trend is positive. We advised to go short below 54.79 & on rise to 54.95. All the selling levels
attained & it fall from 54.98 to 54.7550. Our average for sell is around 54.87 & currently getting
around 0.10 profits. One may look for booking profit around 54.75-54.77 levels.
Stocks with Positive Breakout
Stock Name Buying Range
Crompton Greaves 116.40-116.80
Infosys 2328-2329
Karnataka Bank 170.05-170.20
Financial Tech. 1122-1124
NMDC 165.10-165.40
Stocks with Negative Breakout
Stock Name Selling Range
Gujarat NRE Coke 20.20
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