1. SHAH ADVISORY
2013
Daily Morning
Newsletter
27-06-2013
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 – 18552.12
TREND / PERIOD DAILY WEEKLY MONTHLY
DIRECTION DOWN DOWN UP
Trend Change Level
(Closing Basis)
19400 19300 17750
Overall trend is down. It has already attained level of 18520 but now it is trying to stay above that.
We mentioned that if it sustain above 18800 than only some positive momentum may come in to
the markets but it returned from the same level to close at 18629. Now if it sustain above 18800, we
may see positive momentum till 18900 – 19000 levels. Alternatively if goes below 18540, we may
break the previous low and will look for possible lower levels around 18100.
Overall trend is down. We are expecting index to close below 18500 levels now and will probably see
levels of 18100 in coming days. Only if sustain above 18800 positive momentum will be seen, else
downtrend will remain continue.
S&P 500(USA) – 1588.03
Overall trend is down. We are expecting levels of 1540-1545 in coming days. On the higher side, if
the index comes near to 1590-1595 levels, than go short with stop at 1620.
Overall trend is down. Those holding short positions initiated around 1590-1595 levels can hold with
stop at 1620.
AXIS BANK – 1248.40
Overall trend is down. It has almost attained the mentioned level of 1200 as made a low around
1207. We have also advised in live market to buy this stock around 1195-1210 zone for long term
investing with more than 2 years time. For short term, we will turn bullish only if it sustain above
1266.
Overall trend is down. We mentioned that only if sustain above 1266 than we will look for buying
and it turned from 1264 levels to close at 1248.40. Keep watch on 1266 levels. Alternatively if
sustain below 1238 than we may see lower levels as attained earlier of around 1210-1200.
ICICI BANK – 1026.15
Overall trend is down. Stock is not showing any positive momentum. We may see levels of 1005 in
coming days. Only above 1068, we will look for long entry.
Overall trend is down. Now the stock is trading near to upper band of support. It has support in the
range of 1005-1024. If sustain above 1050, go long in the stock.
RELIANCE INDUSTRIES – 803.60
Overall trend is down. We mentioned that above 796, we may see levels of 810-812 and attained all
the levels so booked full profit. Now, if it trades above 821, go long for possible higher levels of 832 –
835 – 845.
Overall trend is down. If sustain above 819 than go long, alternatively if comes near to 790 levels
than also buy for short term gain with stop at 777.

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TATA MOTORS – 272.65
Overall trend is down. We advised going short below 279.50 and advised to book 60-70% profit
around 272 levels. For the remaining positions, stop loss triggered at 278.
Overall trend is down. The stock is now trading near to very important medium term support at 270-
272 levels. Any weekly close below this level will take stock to lower levels of 255 initially. Look for
buying only if sustain above 282.
TATA STEEL – 264.60
Overall trend is down. Those holding short positions can keep stop at 270.
Overall trend is down. Those holding shorts can keep stop at 270 and look for lower levels of 258-
255 to book full profits.
SBI – 1900.05
Overall trend is down. We mentioned that we are expecting levels of 1825-1850 in coming days.
Today it made a low around 1901. Look for the given levels to enter long positions.
Overall trend is down. Not getting any sign of bounce in the chart. If sustain above 1940, than buy
for bounce. Also keep watch on mentioned levels of 1825-1850 for long term entry in to the stock.
USDINR – SPOT – 60.71
Overall trend is positive. Buy only if sustain above 59.88. Those holding longs can keep stop at 59.40.
Below 59.40, we may see lower levels of 59.05 – 58.75.
Overall trend is down. We mentioned to buy if sustain above 59.88 and booked 50% profit at 60.55
levels. Now trail stop to 60.30 for the remaining positions and higher levels of around 60.90 is to be
used to book profits.

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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
- -
Stocks with Negative Breakout
Stock Name Selling Range
IDEA 135
Indusind Bank 450
RCom 114
Lupin 754
NOTE –
Red colour – Last View / update on the scrip
Green colour – Current View / update on the scrip
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