1. SHAH ADVISORY
2013
Daily Morning
Newsletter
04-07-2013
Vivek A. Shah
W W W . S H A H A D V I S O R Y . C O M

2. Thursday, 04th July 2013  - www.shahadvisory.com
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BSE Sensex – 19177.76
TREND / PERIOD DAILY WEEKLY MONTHLY
DIRECTION UP UP UP
Trend Change Level
(Closing Basis)
19360 (Down below
19100)
19300 17750
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.
Overall trend is positive but will turn down if trades below 19100. We mentioned that it has support
around 19300 and as it broke that level, made a low around 19150. On the higher side, it will face
resistance around 19450 levels.
S&P 500(USA) – 1614.08
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.
Overall trend is down. 1610 on closing basis is important level. Resistance is around 1630-1636
levels.
AXIS BANK – 1277.85
Overall trend is down. If the stock trades below 1300, we may see lower levels around 1287 – 1280.
Overall trend is down. As we mentioned, below 1300, it touched 1287-1280 and made a low around
1271. Now resistance is around 1315 levels. Those holding short positions may keep stop at 1315.
ICICI BANK – 1064
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.
Overall trend is down. Our trailed stop loss triggered so exited from the position. If it sustain below
1054, we may see lower levels, else we can expect it to touch around 1080-1100 in coming sessions.
RELIANCE INDUSTRIES – 850.85
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.
Overall trend is positive. As mentioned, once it trades below support of 862, it attained mentioned
levels of 853 and made a low around 848.

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TATA MOTORS – 284.20
Overall trend is down. If it comes to 280 levels, look for entering long positions keeping stop at 277.
Overall trend is down. We mentioned to buy around 280 with stop at 277 and it made a high around
289 intraday itself, so booked the position.
TATA STEEL – 269.55
Overall trend is down. Hold long positions with stop at 278.
Overall trend is down. Our stop loss triggered so exited. Not advising any new trade now.
SBI – 1898.75
Overall trend is down. Those, holding long positions may keep stop at 1970. If sustain below 1965,
we may see lower levels.
Overall trend is down. Trailed stop loss triggered for long positions. We also advised that below
1965, we may see lower levels and made a low around 1892.
USDINR – SPOT – 60.22
Overall trend is down. Hold long positions with stop at 59.25. We may see higher levels of 59.85
initially, than 60.
Overall trend is down. It attained levels of 60. We booked part profit around 60.1250 as informed
through twitter.

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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
Axis Bank 1268
Divis Lab 958
NOTE –
Red colour – Last View / update on the scrip
Green colour – Current View / update on the scrip
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