1. SHAH ADVISORY
2013
Daily Morning
Newsletter
18-04-2013
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 – 18731.16
TREND / PERIOD DAILY WEEKLY MONTHLY
DIRECTION DOWN DOWN UP
Trend Change Level
(Closing Basis)
18950 19200 17670
Overall trend is down. We may see some upside till 18950 once it crosses 18800. Not advising to
initiate fresh long positions now.
Overall trend is down. On the upside, index will face resistance around 18950 & 18500 is the support
level. Trading in this range is expected. Once break & sustain on either side will decide the further
trend for short term.
S&P 500(USA) – 1574.57
Overall trend is positive but will turn negative once it starts trading below 1549.
Overall trend is positive but will turn negative below 1549. Support at 1539-1518 levels once breaks
below 1549.
AXIS BANK – 1377.20
Overall trend will turn positive above 1380 but not advising to initiate fresh longs here.
Overall trend is slightly positive but look for shorting below 1370 for expected lower levels of 1340
with stop at 1385.
ICICI BANK – 1097.65
Overall trend is will turn positive above 1088. We may see the levels of 1100 but not advising any
new position at this level.
Overall trend is positive and as mentioned, it has touched the level of 1100. If sustains below 1090
than we are expecting the levels of 1070-1065 to attain.
RELIANCE INDUSTRIES – 773.70
Overall trend is down. 815 is the resistance and 787 is the support. Sustenance on either side will
decide the trend.
Overall trend is down. As advised, below 787 it made a low around 769. We are expecting the levels
of 700-680 in coming weeks.
TATA MOTORS – 271.20
Overall trend is down. 260-262 is the support levels. On the higher side, 280 will act as a resistance.
Overall trend is down. Stay away from the short term trading as trading in the narrow range.

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TATA STEEL – 297.05
Overall trend is down. Only intraday buy above 301.20 for targets of 305-309 keeping stop at 297.
Overall trend is down. Our stop loss triggered for the long position in the stock. It looks like we can
again see the levels of 292-290 in the stock.
SBI – 2245.15
Overall trend is positive but stay away from initiating any fresh long positions. Those holding longs
need to keep stop at 2140.
Overall trend is positive. It will get support around 2220-2215 levels. Any sustenance below 2215 will
take it lower to 2160-2165.
USDINR – SPOT – 54.2150
Overall trend is sideways and we are expecting it to trade in the range of 53.71 to 54.80. If sustains
below 54.05 than we may see the levels of 53.71.
Overall trend is sideways and as we mentioned, below 54.05 it has touched the low of 53.7725. Now
it may see some rise till 54.30-54.45.

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Stocks with Positive Breakout
Stock Name Buying Range
Allahabad Bank 139
Divis Lab 1075
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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