1. SHAH ADVISORY
Daily Morning
Newsletter
12-04-2013
Vivek A. Shah
2013
WWW.SHAHADVISORY.COM

2. Friday, 12th April 2013  - www.shahadvisory.com
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Shah Advisory – Daily Morning Newsletter
BSE Sensex – 18542.20
TREND / PERIOD DAILY WEEKLY MONTHLY
DIRECTION DOWN DOWN UP
Trend Change Level 18650 19250 17670
(Closing Basis)
Overall trend is down. We may see the levels of 18050 in coming few days but also there are chances
of bounce back in the index and on the upper side levels of around 18600-18620 can be attained.
Look for shorting around 18600-18650 zone.
Overall trend is down. As expected, it bounced till the levels of around 18600. Now if sustains above
18620 than we may see some more upside so anyone holding short positions need to keep stop at
18650. Alternatively if not manages to sustain at 18650 levels than it can again fall to 18400-18000
levels.
S&P 500(USA) – 1587.73
Overall trend is positive. Keep stop at 1583.
Overall trend is positive. Stop loss triggered so exited from the position. It can reach to 1673 levels in
coming weeks If the index manages to stay above 1570 level on weekly basis than.
AXIS BANK – 1252.15
Overall trend is down. Hold long position if initiated above 1241 for expected higher levels of 1260-
1270 with stop at 1220.
Overall trend is down. As mentioned hold the long positions for the expected higher levels of 1260-
1270 with stop at 1238.
ICICI BANK – 1040.20
Overall trend is down. Look for buying around 1005-1008 levels only for intraday for the expected
higher levels of 1019-1028 with stop at 1000.
Overall trend will turn slightly positive above 1051 & it is expected that it will find resistance around
1066 levels. If it is not manages to sustain above 1066 than again it can touch 1000 levels.
RELIANCE INDUSTRIES – 771.10
Overall trend is down. Not advising any trade now.
Overall trend is down. Stay away for the trading purpose in this scrip.
TATA MOTORS – 278.15
Overall trend is down. As mentioned the levels of 260-258 attained in the trade. We may see some
bounce in the stock once it crosses above 270.60 till 280 levels.
Overall trend is down. As mentioned it touched 280 levels but there were no opportunity to initiate
the trade. Now if it sustains above 283 levels than higher levels of 293-302 can be reached in few
weeks.
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Shah Advisory – Daily Morning Newsletter
TATA STEEL – 298.50
Overall trend is down. Medium-term to long term investor only buy around 300-310 levels and
invest only 40% quantity here if not initiated around 335 zones as mentioned earlier.
Overall trend is down. As mentioned, keep watch on 297 levels. Once it sustain below that level than
we can see levels of 260-250 in coming weeks.
SBI – 2042.35
Overall trend is down. If sustains above 2035 than it can reach t 2066 in a day or two.
Overall trend is down. It has strong resistance around 2066 levels. If sustains above it than only it
can reach 2125.
USDINR – SPOT – 54.5250
Overall trend looks slightly positive. We may see some range trading activity with some positive bias.
Overall trend is slightly positive. It has resistance around 54.68 levels & if it is not able to sustain
above 54.68 than buying is not advisable. Intraday only shots can be initiated below 54.47 for levels
of 54.35-54.30 with stop at 54.58.
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Shah Advisory – Daily Morning Newsletter
Stocks with Positive Breakout
Stock Name Buying Range
- -
Stocks with Negative Breakout
Stock Name Selling Range
- -
NOTE –
Red colour – Last View / update on the scrip
Green colour – Current View / update on the scrip
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