1. SHAH ADVISORY
Daily Morning
Newsletter
05-02-2013
Vivek A. Shah
2013
WWW.SHAHADVISORY.COM

2. Tuesday, 05th February 2013  - www.shahadvisory.com
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Shah Advisory – Daily Morning Newsletter
BSE Sensex – 19751.19
TREND / PERIOD DAILY WEEKLY MONTHLY
DIRECTION Sideways – Down UP UP
Trend Change Level 19970 19650 17900
(Closing Basis)
As we have mentioned, overall trend is positive till we are trading above 19650 on weekly basis. Also
we have mentioned that we may some fall in the market up to the levels of 19700-19780. It has
touched the same level. Now it looks possible that 19650 will be the next possible support. Short
term traders as well as medium term positions can be initiated around current level to the levels of
19650-19700. Short term trades need to be maintained with the stop loss.
Overall trend is positive till we are trading above 19650 on weekly basis. As per our analysis, we are
trading near to the support level of 19650-19700 & need to take support around these levels.
S&P 500(USA) – 1513.17
Overall trend is positive but we may see some fall till the levels of 1492.
Overall trend is positive. We will find support around 1495 levels. Look for entering long position
around that level.
AXIS BANK – 1477.70
Overall trend is positive. Long positions need to be maintained with stop loss of 1440 & higher levels
of around 1603-1610 can be expected in coming weeks. It is also advisable to book 50% positions if it
falls below 1485.
Overall trend is positive. As we suggested, booked 50% profit at 1485 levels as it has broken that
level. Now, it may come down to the levels of 1446-1450 in coming days.
ICICI BANK – 1181.75
Overall trend has turned bearish. Any fall below 1165 will invite fresh shorting opportunity in the
stock.
Overall trend is bearish. Look for going short below 1165 level.
RELIANCE INDUSTRIES – 886.70
Overall trend is sideways & trading in the range of 880-905. Any fall below 877 will triggered fresh
short positions. Medium term trades need to be hold & short term trades need to be exited if it
trades below 877. On the higher side expect the levels of 912-916 to book profit in short term
trades.
Overall trend is sideways. Look for going short below 877 levels. Short term traders need to exit their
position if it falls below 877. Medium term positions need to be held.
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Shah Advisory – Daily Morning Newsletter
TATA MOTORS – 292
Overall trend is negative. All the mentioned levels on lower side attained. Stay away as of now for
intraday trade as well as short term trade.
Overall trend is negative. Intraday, if it crosses the level of 297 than buy else look for shorting
around current level & we may see the lower levels of 287-284. Keep stop loss of 297.
TATA STEEL – 395.05
Overall trend is negative. 397-399 remains to be the good support. Any fall below that level will take
stock further down to 394-386 levels.
Overall trend is negative. It has broken the mentioned support levels. Now it is expected to go to the
levels of 386 in coming days.
SBI – 2352.60
Overall trend is negative. Our long positions exited as the stop loss hit. Intraday if it rises to the
levels of 2450, it has to be used to go short and fall below 2400 can also be used for shorting
opportunity. Lower levels of 2370-2335 can be expected.
Overall trend is negative. We advised to go short below 2400 for the expected levels of 2370-2335. It
touched the low of 2345. Now hold the position & trail stop loss to 2375. We may see the lower
levels of 2264 also in coming days. It is advised to book 50% profit around 2335 levels.
USDINR – SPOT – 53.29
Overall trend is negative. We mentioned that lower levels can be expected & it moved down till
53.07. Intraday rise above 53.30 can be used to go long for the targets of 53.45-53.50.
Overall trend is negative. We may see the levels of 53.40-53.55.
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Shah Advisory – Daily Morning Newsletter
Stocks with Positive Breakout
Stock Name Buying Range
REC 250.50
HUL 470.40
WIPRO 411.20
Stocks with Negative Breakout
Stock Name Selling Range
JSW Energy 70.25
Reliance 882
ONGC 323.80
RCom 77.40-77.45
LT 1523-1524
NOTE –
Red colour – Last View / update on the scrip
Green colour – Current View / update on the scrip
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