1. SHAH ADVISORY
Daily Morning
Newsletter
06-02-2013
Vivek A. Shah
2013
WWW.SHAHADVISORY.COM

2. Wednesday, 06th February 2013  - www.shahadvisory.com
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Shah Advisory – Daily Morning Newsletter
BSE Sensex – 19659.82
TREND / PERIOD DAILY WEEKLY MONTHLY
DIRECTION Sideways – Down UP UP
Trend Change Level 19950 19650 17900
(Closing Basis)
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.
Overall trend is positive. We are trading very near to the support of 19650. Weekly close below this
level will be the sigh of further weakness in the market.
S&P 500(USA) – 1495.71
Overall trend is positive. We will find support around 1495 levels. Look for entering long position
around that level.
Overall trend will turn negative if it falls below 1494. It is near to the level that we mentioned. Once
it falls below 1494, next support will be at 1483.
AXIS BANK – 1459.15
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.
Overall trend is positive. As we suggested, it has almost come near to the mentioned level of 1450. It
has made a low of 1453.10. It may find support around 1446-1450 level. Short term fresh buying can
be initiated around these levels keeping stop loss of 1425.
ICICI BANK – 1166.05
Overall trend is bearish. Look for going short below 1165 level.
Overall trend is bearish. Our short initiated below 1165. Now look for the expected lower levels of
1143-1115 in coming days. Keep stop loss of 1187 for the trade.
RELIANCE INDUSTRIES – 874.75
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.
Overall trend has turned bearish till it trades below 900. We have exited short term buying positions
as it falls below 877. Medium term traders need to hold the positions. Now we may see the levels of
845 in the coming days.
TATA MOTORS – 287.20
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.
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3. Wednesday, 06th February 2013  - www.shahadvisory.com
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Shah Advisory – Daily Morning Newsletter
Overall trend is negative. It has almost attained both the lower level targets as mentioned. We may
see the levels of 282-280 in coming days. Medium term traders need to initiate long positions
around 282 levels.
TATA STEEL – 394.75
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.
Overall trend is negative. It is likely to touch the levels of 389-386 in coming days.
SBI – 2371.50s
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.
Overall trend is negative. It has attained our target of 2335. For any short positions, stop loss of 2400
is advisable.
USDINR – SPOT – 53.1250
Overall trend is negative. We may see the levels of 53.40-53.55.
Overall trend is negative. It has almost touched the level of 53.40. it looks like it will again come to
the levels of 52.98-52.92.
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4. Wednesday, 06th February 2013  - www.shahadvisory.com
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Shah Advisory – Daily Morning Newsletter
Stocks with Positive Breakout
Stock Name Buying Range
Sun Pharma 754
Bajaj Auto 2112-2113
Stocks with Negative Breakout
Stock Name Selling Range
Titan 274.70-274.85
Yes Bank 510.60-510.80
Indiabulls Fin. 300.70-300.90
Tech Mahindra 956-957
HCL tech 667.70-667.90
ICICI Bank 1160-1161
INFY 2741-2742
JSW Steel 833-834
NOTE –
Red colour – Last View / update on the scrip
Green colour – Current View / update on the scrip
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