1. SHAH ADVISORY
2013
Daily Morning
Newsletter
03-07-2013
Vivek A. Shah
W W W . S H A H A D V I S O R Y . C O M

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BSE Sensex – 19463.82
TREND / PERIOD DAILY WEEKLY MONTHLY
DIRECTION UP UP UP
Trend Change Level
(Closing Basis)
19360 19300 17750
Overall trend is positive. We may see levels of 19700-19800 in coming days. On the lower side, it has
important support around 19300 levels.
Overall trend is positive. On the lower side, it has support around 19300 levels. Short term traders
may look for entering long positions around this level.
S&P 500(USA) – 1614.96
Overall trend is down. It has just touched the stop loss level of 1620 and returned. So, those who
have exited the position should stay away else hold with same stop loss or keep it to 1621.
Overall trend is down. It has triggered our stop loss so exited short positions. On the lower side,
1608 is good support level. If closes below this and sustain below this on closing basis, we may see
lower levels of 1600-1590 initially.
AXIS BANK – 1308.50
Overall trend is down but will turn positive once it starts trading above 1360. Anyone who is holding
long positions are advised to book profit around 1370 levels. On the lower side, it has support
around 1310 levels.
Overall trend is down. If the stock trades below 1300, we may see lower levels around 1287 – 1280.
ICICI BANK – 1079.10
Overall trend is down. If sustain above 1078, we may see rise till 1100 – 1110 in coming days. On the
lower side, it has support around 1046 levels.
Overall trend is down. Those who are holding longs need to keep stop at 1061. We may see levels of
1100-1110 in coming days.
RELIANCE INDUSTRIES – 871.85
Overall trend is positive. We may see levels of 899 in coming days. On the lower side, it has support
at 863.
Overall trend is positive. It has good support at 862 – 863 levels. If sustain above 884, we may see
levels of 899. Alternatively, if sustain below 862, we may see levels of 853 – 846.

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TATA MOTORS – 286.45
Overall trend is down. It attained our profit booking levels as attained 288 levels, so booked full
profits.
Overall trend is down. If it comes to 280 levels, look for entering long positions keeping stop at 277.
TATA STEEL – 281.95
Overall trend is down. We mentioned, if sustain above 275, levels of 280 is possible and made a high
around 282. Those who are holding longs may expect levels of 290 in coming days. So those who can
hold need to keep stop at 277.
Overall trend is down. Hold long positions with stop at 278.
SBI – 1989.90
Overall trend is down. Very strong resistance is around 2045 levels. We advised to buy around 1950
and attained mentioned targets of 2000. Look for booking full profits around 2040 levels keeping
stop at 1970.
Overall trend is down. Those, holding long positions may keep stop at 1970. If sustain below 1965,
we may see lower levels.
USDINR – SPOT – 59.66
Overall trend is down. If it sustain above 59.58, we are advising to exit short positions and look for
entering long positions.
Overall trend is down. Hold long positions with stop at 59.25. We may see higher levels of 59.85
initially, than 60.

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Follow us on Twitter - @equityadvisory
Shah Advisory – Daily Morning Newsletter
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Stocks with Positive Breakout
Stock Name Buying Range
Bajaj FinServ 672-672.50
ICICI Bank 1086
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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